Asheville, NC asked in Bankruptcy for North Carolina

Q: would chapter 7 be my best option for filing? Would my truck get taken away? Would this affect my bank accounts?

I have 14000 in credit card debt and 5000 in collection debt mostly medical bills. My truck is paid off and I don't own a house. I make about 25000 a year. I can't afford the monthly payments on the credit cards and still be able to live. I don't know what my options are.

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Depends on what your truck is worth and what the debt on it is. Consult a competent bankruptcy attorney and let him flush out the facts to determine your best action.

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