I have one credit card maxed out at $15,000 and a handful of others totaling $18,000. I also took out a personal loan with a car as collateral that died within a month of taking out $4,000 against it. My new car cost me $7,000 out of pocket and isn’t valuable enough to use as collateral. I also have student loan debt that’s thankfully on hold. I’m thinking about filing for bankruptcy since I can’t handle the bills and I have three young kids. Any advice is appreciated.
original posted by Own-End-6393 to r/personalfinance on Thu, 29 Feb 2024 15:46:54 GMT.