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Have you looked into declaring bankruptcy? It's there to keep people from being strangled by debt. Even just the threat of filling it can probably get your me
by JamesBarney 4y ago
Have you looked into declaring bankruptcy?
It's there to keep people from being strangled by debt. Even just the threat of filling it can probably get your medical debt renegotiated.
- nerdjon 4y agoI did briefly look into it, but my situation isn't credit card debt. I am not carrying balances that I can't pay down. These are loans that have an end date, and that end date is less than 5 years. It is a tight 5 years don't get me wrong, but there is an end to this that I don't think bankruptcy is the answer for me. It is 60k in medical debt, $1500 a month is a lot but to pay off that much in less than 5 years... And then admittedly I am in a very very good situation (suddenly I have $1500 extra money in my budget)
- rustybelt 4y agoThe medical debt seems to be the entire source of your problems. By your own accounting you'd be banking close to $2k a month without it. Were you uninsured?