What should I do………….HELP. Credit Problems?
I’m 27 and started a business when I was 20. I was making over 0,000 per year when I became sick. I lost my business and owe just over 0,000 to creditors for loans that were made to the business which I personally guaranteed. Because of my illness I haven’t worked in over 4 years and haven’t paid any of my creditors either. I’ve lost my house and my car (live with a family member), my credit is terrible and all I have left is ,000 in cash. Should I try and work out a payment plan to my creditors and get a job? Or should I file bankruptcy and just start fresh (I hate the idea of being ruined for the next 10 years) I’m also considering starting another business with the money I have but am not sure how to handle my debt problem first. The first business I started with only ,000 so I have enough money to start a business and don’t need any more capital or credit to do it. Please serious advice only. Thank you.