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I Have a Mountain of Debt. I Am Being Garnished and Thinking of Suicide. – Stacy

“Dear Steve,

I am in desperate need of help immediately. I have mountain of debt and am being garnished. With the garnishments I can’t pay off the debts or file bankruptcy because I am only left with barely enough to live on.

Also, I have severe bipolar disorder. I got most of my debts when I “blacked out” in a manic state and spent and didn’t know until later that I went on a spree. I am on the right medications now after three failed suicide attempts.

However, I cannot afford to file bankruptcy and then make payments on a consolidated debt plan (I’ve been told that is the only bankruptcy I qualify for) or get any help when I have such heavy garnishments and I feel this is leading me to realizing that suicide is my only way because I cannot get help anywhere.

I know I am responsible for my debts and want to file bankruptcy, but if I had been on medications and not been mentally ill then these debts would never have been incurred. Is there any help for me? I would appreciate any advice it is very urgent.

Stacy”

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The Answer

Dear Stacy,

I’m so glad you contacted me for help. There is a solution here.

The only real way to stop the garnishment is with a bankruptcy. Before you make any assumptions about bankruptcy I implore you to click here to find a local bankruptcy attorney you like. Make an appointment and go in and talk to them.

Many bankruptcy attorneys will create a payment plan you can afford. And before you make any assumptions about if you would be in a Chapter 13 bankruptcy with a payment plan based on what you can afford, talk to the attorney.

If a payment plan was required, remember that the bankruptcy would have stopped the garnishment so you’d have funds to work with.

I completely understand the bipolar issues which led to your problem debt. It is a problem faced by many. They wake up after a manic phase to find themselves buried under a pile of debt they can’t deal with. That reality sends them further into depression and as you know, the cycle can continue.

I also understand how the desperation of the situation can make you want to do something as drastic as killing yourself, but don’t. There is a solution here, I’ll get you through this. There is absolutely no need to consider killing yourself. Trust me, with some action here the situation can get better, a whole lot better.

So your homework is to find a local bankruptcy attorney and go talk to them. Then I want you to report back and let me know the outcome of that meeting. Post your updates here in the comments section of your question.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • http://www.joetaxpayer.com JoeTaxpayer

    Stacy – Life is precious. Your life is precious. This is a fact. Not my opinion, not based on any religious belief.
    I visited NYC last weekend. We gave every homeless person we passed a couple dollars and wished them well. At night we also handed out earmuffs, a new approach for us (my 11 yr old and me.)
    I don’t know how old you are or much about you. But I know that you have the potential to get out of this situation and find happiness. Even if you feel you have nothing, I respectfully disagree, you have potential, more than you know or these thoughts wouldn’t cross your mind.
    Do what you need to do to get out of your current dilemma. I wish you well.
    .-= JoeTaxpayer´s last blog ..The Decade With No Name =-.

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