Tag Archives: mortgage debt

Three reasons not to file bankruptcy

Recently on our bankruptcy forum a user asked, “My spouse and I are having an argument. We currently owe $25,000 in credit card debt, $50,000 in medical bills, a $300,000 mortgage we cannot afford, and a $50,000 car loan we cannot pay. He seems to think that if we file for bankruptcy that all of our debts and problems will disappear. I feel like we got ourselves into this mess and we should get ourselves out. What is your advice?”

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