Call Us Today! 1-877-570-1313

I am drowning in credit card debt because i became disabled and had to use credit cards for daily expenses, medications etc. I have over 100K in debt other than my house and have wiped out my savings and retirement accounts. I draw Social Security now. Is there an answer besides bankruptcy?

Hello, sorry to hear about your situation. Unfortunately, it is all too common these days given the state of the economy and healthcare expenses. I am not sure there is a bankruptcy alternative except possibly selling your home to pay off the debt and then renting something using the money left over after the debts are paid off (assuming the home equity is worth more than your debt which may not be the case).

You probably want to consult with a bankruptcy attorney in your state who will be able to give you a much better answer given your sate laws, specifics of your situation, etc.

I wish you the best.