How easy is it to file bankruptcy when I only get SSDI?
So I have a small amount of credit card debt…but it’s still there and I have also been informed I could get rid of my private student loan debts by filing bankruptcy. I just wonder how easy or difficult it might be to file a chapter 7 when all I receive is SSDI, I don’t have a job, and I don’t have any assets. I attend college…and only just as long as I keep receiving grants for it…the grants stop, I’m out of school because I can’t afford it. I’m also single, 23 years old and paying rent and other bills with the SSDI…such as car insurance to be able to drive my friend’s car, my cell phone bill which I keep so people can get in touch with me, and then I have medication to buy as well as school textbooks every so often when the grant doesn’t give me enough to supplement for books. Also…if I didn’t keep loosing jobs due to my poor health, than I would repay most of this debt…so please…no harassment from people.
Do Not even consider filing for bankruptcy at this point. Bankruptcy doesn’t end in seven or ten years, bankruptcy is forever. If you apply for a loan in the future, it will ask “Have you every filed for bankruptcy?” and you must answer “Yes” not matter how long ago it was.
You’re not even out of college yet. The point of college is to get an education, a degree, and parlay those into a decent job.
Your poor health is very likely due to bad nutrition and stress. A job and a stable life out of school will take care of a lot of that.
It sounds like you’re pretty scared. Don’t be. Fear will drive you to do crazy things. Focus on your studies. Get yourself to job fairs. Take advantage of any help the Placement folks at your school can offer.
