Thank you all for your replies. They really did give me a boost that I needed. I am so scared right now. I know i have to do something. My son has no idea what financial trouble I am in and he relies on me for a roof over his head, etc. I did get a prepaid credit card and now I will have to stop paying some of my bills in order to fill the card up. I wanted to ask you if you waited a couple of months before fiiling your CP in order to get some cash in hand beforehand and to fill up your prepaid credit card and establish another bank account etc.. And how long before they try to garnishee your salary? I have to arrange several auto withdraws from my . bank to my new bank. Insurance, car lease, etc. I am thinking to file in early January and stop paying several credit cards next month. I will continue to pay my mortgage and secured loc.
I did go see one trustee, but he was not very nice. Basically told me I had 2 choices, CP @950.00 a month for 5 years or bankruptcy at $1020.00(surplus) for 21 months. Not much of a difference is it? I told him that if I went bankrupt I would lose my car and my house and how would I work, as I need my car for work? He said to work out something with my leasing company. I am only 1 year into my lease, I doubt they would let me keep the car, not to mention the shame of it all. And my house, I have maybe 20K equity when you factor in the LOC. I need a place to live, so if the bank takes my house, what do I do? Whose going to rent to me if I go bankrupt. Filing the CP, I get to keep my house, but the payments are much more over the 5 year period. It seems weird to me the closeness in the monthly amounts between CP and bankruptcy. Anyways I am going to see another trustee to see what they say. I look forward to your replies and opinions and once again, thank you for your support and kind words.