I have approximately $18k in a tax lein, I owe $12k to Oregon State in taxes, my wife and I also have joint charged-off debt to the tune of $55k.
I make $75k a year and my wife is a stay at home mom. We have two kids and another on the way.
I can’t go bankrupt because of my income, and I can’t even afford my tax lein payments. I have a high-interest loan for a used Honda Odyssey minivan that now needs a new transmission. My family is suffering and I don’t know what to do.
How can I manage my charged off debt and get rid of the tax debt without going hungry? I would go bankrupt in a heartbeat if I could.
A payback bankruptcy has too high of a payment – I can’t afford the $700/ month on top of rent, car, utilities and general cost of living. I’m going to have my wages garnished soon if I can’t figure out what to do.