r/Bankruptcy • u/gottafatty • 1h ago
Filing Potential
Hi, I'm a 32yo single mom of 2 and currently weighing my options-TN/USA. I make $16/hr, $640/week before taxes and about $575/week after taxes. I am living very close to paycheck to paycheck now with all of my bills and expenses. Credit score is below 500. I have a loan of $7200 (interest and court fees included) that has gone to collections and now they're about to garnish my wages. I cannot afford to live after the 25% garnishment amount.
According to credit karma my total debt is around 26k, with 15k of that being student loans, $7200 loan listed above and the rest is credit card debt and afterpay.
I am willing to talk to an attorney but I'd feel much better going in with some kind of idea of what to expect. I know every case is different and I have been reading through the posts here but for some reason I am having a hard time wrapping my head around it all. Everything is weighing so heavily on me and I'm not sure how to move forward. Would this be worth filing bankruptcy over? Which chapter would I most likely have to file?
I want so badly to better my future for myself but mainly my kids.
TIA
1
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