I am $30,000 in DEBT I have 3 small kids ranging in age from 11-5 years old. I am a current student going for my associates only 28 years old I have one job making $9.00/hr. I don't see how I will ever be able to pay off this debt they r not credit card debts. I've got school loans and so on. I'm a single mom paying rent, bills, car ins. etc. My question is should I file for bankruptcy and start fresh though I know my school loans will not be effected or should I hang in there and start a new budget for my family? Really as of now there is no budget I've been going paycheck to paycheck Please someone help!!

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Originally Posted by mswg

I am $30,000 in DEBT I have 3 small kids ranging in age from 11-5 years old. I am a current student going for my associates only 28 years old I have one job making $9.00/hr. I dont see how I will ever be able to pay off this debt they r not credit card debts. I've got school loans and so on. I'm a single mom paying rent, bills, car ins. etc. My question is should I file for bankruptcy and start fresh though I know my school loans will not be effected or should I hang in there and start a new budget for my family? Really as of now there is no budget I've been going paycheck to paycheck Please someone help!!!!!!!!!!

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If they are not credit card debts what are they? How much of it is student loan, how much of it is a car loan where you want to keep the car,

Just not enough information provided to even start giving an answer.

Why did you get 30,000 in debt ( and why did they let you borrow that much) making 9 dollars a hour

How for in school are you, if you will graduate this year, then do you see getting a 50,000 dollar job within the next year. Are you getting child support for the children ( since I will assume there is no spouse working) if you are not getting support why not ?

mswg says: "Really as of now there is no budget I've been going paycheck to paycheck Please someone help". I interpret this to mean that you make purchases based upon need and whim because everyone is on a budget. One thing facing you is that expenses for you and 3 children always get more expensive, so you have to be a very smart and frugal shopper. I have no hesitancy to recommend bankruptcy, but you need to have your budget worked out beforehand as long as you aren't being garnished. Just remember that income = budget, or it will do no good to file bankruptcy.