I had a full time and part time job up to about a year ago. My full time job was in a hospital which ended up going into bankruptcy and closing. I remained at my part time job the entire time, ended up getting a couple of PER DIEM jobs to try to make ends meet. I managed to get a modification on my mortgage, but with a wife and two children and severe decrease in my weekly wages it was difficult.
I ended up having to use my credit cards and I am now about $25,000 in debt. I just recently upgraded from part time to fulltime but the damage has been done and i am looking for ways to correct it and start fresh
What are some things i could do to get out of debt or should i start to consult with a bankruptcy attorney
Based on what you shared with me so far I think you should meet with a local bankruptcy attorney licensed in your state.
Bankruptcy is a legal fresh start and a real second chance to get the debt under control.
Your homework is to find a local bankruptcy attorney and talk to them or click here to find a local bankruptcy attorney. Once you talk to the bankruptcy attorney about your specific situation I want you to come back and update me in the comments about what you learned and if you feel that makes sense for you.
Getting out of debt on it’s most basic level is resolved through intervention, reducing expenses or increasing income. Let’s check out the intervention approach first.
The one fact that is not clear from your question is if your situation has improved to the point you are able to make your monthly payments to your creditors and build your emergency fund at the same time.