I was a full time student last winter and was beginning my 3rd semester of the RN program. I was working only 10-12 hours a week and was getting by barely. I was assaulted in jan 2013 and pressed charges. I lost my job in February and was advise to take a leave from school. I just started working again 3 weeks ago. I'm in debt and can see no way out. I'm a hair stylist and I'm on commision. I'm starting all over because I lost most of my clients. I'm as of now only making 120-180 dollars per week. I'm looking for a second job. I have all these bills and my car has almost been repossessed a few times. My mother has bailed me out a few times but can't afford to keep helping me. I need to keep my car, and ins. In order to get to work. I know i can't file bankruptcy on my student loans.
Sorry to hear about all your troubles. With regard to filing bankruptcy there are two type of consumer bankruptcies you could file. Chapter 7 is good for people with low. income few assets and a lot of uncured debt ( credit cards, medical bills, personal loans, all unities, decencies on motor vehicles, contacts like apartment leases. Chapter 7 will not help you keep your car, so if that the most important thing you may want to look at a chapter 13 first, as that allows for repayment over 60 months, with uncured creditors often getting little more than they would in a chapter 7.
You are correct student loans are not discharable in bankruptcy but If you have a federal student loan then you may qualify for an income based repayment plan that could lower you monthly payment substantially.
You may get free legal assistance from your neighborhood legal services and local bar associations. Also, all bankruptcy Courts offer information on how debtors can represent themselves or find free legal assistance. For more information click on the links below:
My answers here are for general information only and should not be construed to be formal legal advice or the formation of an Attorney-Client relationship. I am not your Attorney. You should always consult with a local Attorney before taking any action based on the general information provided by me on this site. I practice law only in jurisdictions I am properly authorized to do so and do not seek to represent anyone outside the jurisdictions where I have been licensed to practice law. Currently, I am licensed to practice law in the Commonwealth of Massachusetts and the State of New York.
Ms. Phillips offers good advice. Considering bankruptcy is also useful. However, timing is essential. You describe that things went from bad to worse. Consider filing when you see things about to improve. Otherwise, your "fresh start" may be a false start. To find out more see Bankruptcy Basics which is offered on line for free.
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