Tretha wrote to me through the GetOutOfDebt.org site and asked the following question. 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.
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“Dear Steve,
I am in debt for 60000 not including my house. I helped my last child go to college and now i am in this debt.
I have a lawsuit against me now and I don’t know what to do so please help me before I have my fourth stroke.
Thank you
Tretha”
The Answer:
Dear Tretha,
Your situation comes down to expectations. Is there an expectation that with your current health and situation that you will be able to meet your repayment obligations?
If not then you need to consider bankruptcy and talk to a bankruptcy lawyer. You can get a free bankruptcy consultation through this link. Unless you address your debt situation then the stress and pressure of this debt can actually lead to another stroke, incapacitation or death. Debt is a serious matter with far reaching implications.
The bankruptcy lawyer will be able to advise you about the lawsuit if it is about debt. If it is not about your debt then you should seek help and advice for a lawyer licensed in your state.
