I am retired Navy and just had to leave my current job to go on disability. I have a credit card, personal loan and 2 car loans with Navy Federal Credit Union and I have already fallen behind on all but one of the car loans. NFCU has already started calling me. Today while I was on the phone with NFCU I had 2 other people from NFCU calling and leaving messages on my cell. As it stands I will probably have to file bankruptsy because I wont be getting enough on disability to cover my debt. I get enough from my military retirement and VA disability to pay my mortgage, keep my lights on and have food on my table, but thats it.
When should I get a lawyer and begin filing bankrupcy? Since I get enough from my retirement to keep my house payments up to date will my house be protected if I file?
You should begin this process as early as today. If you want, you can click here to find a local bankruptcy attorney. You should find one now and go talk to them to develop an orderly battle plan on how to deal with this situation and how it might impact your assets.
The situation on the house will depend on where you live and how much equity you have but the lawyer will be able to answer all those questions for you.