Should I file for Bankruptcy?
Ok, here is my situation.
When I was 19, I was stupid enough to let my family get a house under my name under one of those "liar loans" (the ones where they falsify tax returns to make it seem like you earn more than you actually do. The house was under two loans, I lost the house to a foreclosure. I had a car that I was not able to keep making payments on, it was repossessed. I also had a credit card that I was not able to pay back. It was also closed. (I actually had two, but I was able to pay one off)
I currently have only a pickup truck to my name.
What do you guys think I should do? Should I file for Bankruptcy? What about the foreclosures and repos? How long do they stay on my credit? And the credit card….I can probably pay that one off. (it’s in collections)
I honestly have no idea what to do. I also have a student loan i’m having trouble repaying, but I already know those are exempt from bankruptcies.
I need help…bad. Guys any advice you can give would be greatly appreciated. I realize I was living beyond my means and ultimately this is MY fault. But I want to make things right again. Thank you for your time, I know this was a very wordy question.