I am already pissed at myself and feel like a complete failure for contemplating this, so save me the guff… Anyways, I lived off of my credit cards for a few years when I lost a job and had some medical issues. Prior to that, I spent like a young 20-something who wants unnecessary BS.
I have 4 cards with a combined balance of ,000. 2 credit cards have been inactive for months, and the other 2 have clothing/food purchases from 3 months ago. I have been trying to stay afloat and have paid on time for the last 10 years, trying to pay them off. My creditors have not treated me well for my loyalty and about 1 1/2 ago ( I missed my payment date by a few days), raised my minimum payment to amounts I can not keep up with. I have been paying them with my child’s child support money since I have been unable to find work. I have lost so much in my life and I was really proud of my credit. But I feel like I am in a sinking ship trying to keep up and recently seeing how much more I have to pay since I can only afford the minimums on all 4 cards really made me feel hopeless.
By all means, I am a loser: I can’t find a job, I qualify for food stamps, I am trying to finish college and can barely afford to buy textbooks, I am trying to raise a child alone, I am living off the kindness of others with no assets and about in my checking account. I am terrified of stopping paying off my cards, but I literally think this is the only way. I hesitated all these years because I wanted to be responsible, and I heard bankruptcy ruins lives. What should I do? Where do I start? Thanks for your time
Also…Looked for Bankruptcy attorneys online…How much will I have to pay one (avg)? I live in So-Cal.

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Bankruptcy is the root of all injustice. When someone can finance 0,000 for a house, file bankruptcy, and then continue living in the house scott-free, there’s something wrong with our government.

I’m a FIRM believer than bankruptcy shouldn’t exist. I’d rather receive someone’s detached arm in the mail as compensation for unpaid bills than a government issued judgment against that person, or bankruptcy papers. Because both mean the same thing: you get nothing.

Bankruptcy is truly the most gross example of injustice in the United States and people do it multiple times in their lifetime. Nothing good can come from bankruptcy. What are you thoughts?
By the way, the "injustice" I’m referring to is to the people who have loaned that person money. If you are considered an "unsecured loan", it’s about a 99/100 chance you’ll get absolutely nothing. If you are a "secured loan", in which only home mortgages and car loans can be, you will get your money though it will take forever. Finally, the lawyer who performed the bankruptcy gets 100% of his fee. Where’s the justice in that?

Bob Zoo down the street who loaned John Doe 00 to get a new car, and even had John sign a promissary note now gets absolutely nothing due to the bankruptcy, and is out 00, AND John Doe gets to keep his car.

WHERE IS THE JUSTICE?
slimick, there were no incorrect assumptions. I don’t know what state, country or planet you live on, but here in Arkansas that’s the way it works. I’ve done my homework. I know who gets paid, who doesn’t, and why. Unfortunately your response had nothing to do with anything I was talking about. You just wanted to hear yourself talk about medical issues. Great job there in the relevance category. Not.
And you’re right. I don’t care about Enron. I care about the little guy. The little guy who owes people money and files bankruptcy. Money or an arm. It’s that simple. Or I’m gonna take it out of their ass.
At crazyjes… yawn. Too much to read, too ridiculous. Who cares about what companies do, I’m talking about people vs. people. Never seen Goodfellas. Not a collection agency agent. Just a regular ole Joe Blow who’s been screwed too many times by people, whilest people like you sit there and defend the unjust bankruptcy system that lets them get away with it. I certainly hope someone screws you out of money so you can be on the receiving end of bankrupty. It’s such a nice feeling.

Oh, and as for your hypothetical woman with so many kids who had to file bankrupty, well she should have thought about that before she married the first guy she met in high school, and then quit school to have four kids. Yeah. She did it to herself out of stupidity. I want her money too if she owes it to me. It’s like that. Justice for Justice. Money for Money. None of this, "I charge up stuff and not pay it." Totally unjust. The laws should be changed. People should be shot for this.

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