Q: I think I need to declare bankruptcy. I have eight pay day loans and the interest rate is killing me.
If I pay all the pay day loans there isn't enough money to pay the cell phone bill, the car insurance, the Verizon bill and the car loan. I am a teacher. The shame and the stress is killing me. Can you please give me some advice.
A: You should definitely consult with a Chapter 7 Specialist in your area. You don't indicate what your salary is, or if you are a dual income household, or many other items that a good Bankruptcy Counsel will ask. Please seek someone in your state, and don't hesitate to ask for a referral if you know an attorney but they do not practice in this field.
Tim Akpinar agrees with this answer
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