Q: Should i file for bankruptcy at 20?
Hello! I have some credit concerns. Im 20 in NJ and I have very bad credit. This is due to when i was younger my mom would use my social security number for accounts and didnt pay them off. So now that Im older, i have much debt i cant get off and Im going to pay for. Does anyone know how to get this off? Should I file for bankruptcy? How will that affect my life since Im so young? Thank you for your help!
A: It will depend on many factors. Speak to an attorney.
Stuart Nachbar agrees with this answer
A: It really depends on how much and if you can honestly get out from under on your own within a year or so. Also remember it is on your credit for seven to ten years. Costs around 2500 plus filing fees.
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