Friend,Thank you for your swift response.
You are most welcome.I am wondering.....A. Do I need to show up in court tomorrow if I am going to file for bankruptcy?
The answer is YES. You do not know what they will state in Court if one does not show. Then, the whole field is theirs, so to speak. They can add on whatever amount of money they may wish to try, and/or, add other causes of action, etc. Even if one plans to file a BK, one should not give the other side free reign by defaulting on a hearing. So yes, it is best to show. B. Does bankruptcy, in your opinion, seem like my best alternative? My current debt load is between $15,000 and $17,000. Thank you for your help!
My friend, you are putting me into an awkward situation. I cannot choose for you, of course. So it would be hard for me to say what would be best for you in such circumstances. Originally seen as the last resort option, a BK is becoming increasingly a choice for many Americans. The good news is that within a year, your credit rating begins to rebound. Many people have found it beneficial. There are two main types for individuals - chapter 7 and chapter 13 - see here
If one wishes to purchase a home or a vehicle within the next few years, the BK may not be best. If one does not, then it may be an option.
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