I have $57,000 in credit card debt, famiy of 4, income of $41,000 a year. I also own a home which is worth about $130,000. I am current on the mortage. Last month, I stopped paying my credit cards and brought my utilities and insurance up to date. I qualify for Chapter 7. As you can imagine, the phone is ringing off the hook.
Do I tell my creditors, I am in the process of filing bankruptcy or do I just wait until I actually file? I have an appointment with a bankruptcy lawyer next week, but would like to know what to do in the meantime.
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If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.Should I Tell My Creditors I Am in the Process of Filing Bankruptcy? - Sofia by Steve Rhode