How to qualify for bankruptcy
I’m just at a loss.
28, 34k debt in unsecured debts, on 38k income.
Basically, I’m paying 1100$ a month in debt repayment on 2.4k income. Because of this, I have familial support.
I don’t buy food, I just eat the leftovers of what my family makes. I rent a room in the house, pay WiFi and a portion of utilities.
No assets of value.
Basically he said currently since I’ve condensed my expenses to afford the debt, and that I need to ‘redistribute’ my expenses, IE I need to be paying more than net income in basic living expenses before any of the debt payments.
How does this work though if I’m receiving informal support?
The debt came from getting a loan to help family get out of an apartment and into a house; my soul dog got cancer and then had to be put to sleep, I got a second dog that had to have emergency surgery and went to the ER three times, and then I started using credit for daily transactions.(Fell into a dark depression)
My family is trying to tell me I don’t have to wait the six months of stopping debt payments, starting living expenses payments instead and I can file now but I don’t understand that.
Any advice is appreciated, I’m rightly confused and not sure what to do.