I Need Help Fast. They Want to Take Me to Court. – Luke

“Dear Steve,

I’m in my early 30’s., recently divorced, & have no children. I was laid off in February after I moved out west for a job n ’09.

All this has depleted all funds

My problem is I have maxed out my CCs & am in debt $70k(give or take few grand) & it’s all u secured. Also, I do not own a home.

Finally, 80% of my debt is w/NFCU & my credit score has always been good & I’ve never defaulted b; I hit these difficult times

what is my best course of action:

A nonprofit,
Debt consolidation
Or bankruptcy?

I’m open to all options as my credit score has gone down toilet.


Dear Luke,

From the brief information you’ve shared it sure sounds like you are totally tapped out. I doubt you have much, if any cash remaining around and you are probably limping month-to-month.

At this point a repayment approach is probably not a reasonable solution. The first step should be for you to meet with a local bankruptcy attorney.

This financial second chance and fresh start will allow you to start a new life after the divorce and close the door on the old unmanageable debt. The goal moving forward will be for you to live within your income.

You can click here to find a local bankruptcy attorney and find out what bankruptcy would mean for you in your situation.

Please post your responses and follow-up messages to me on this in the comments section below.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Damon Day - Pro Debt Coach

Steve Rhode

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