Need Help Facing Daunting Subject of Bankruptcy
July 22, 2012 9:36 PM Subscribe
I am seriously considering declaring bankrupcy. I have a few main questions: 1) Do I need to know each company I owe money to? My parents opened all kind of credit cards in my name years ago, and I don't know about the specifics, and would like to avoid speaking to them as they are not exactly trustworhty. 2) How do I actually start the process? Who specifically do I see to manage declaring bankruptcy, considering I have zero cash? 3) If I have a credit card in my name, for which my partner is the main holder, will I have to cancel my part of that card, which I hold only for emergencies?
I really want to start over, and think I can. I know it will cause problems, and I think I should have done it sooner, but even though I only owe about a thousand on my own card, with a little school loan debt (which I know can't be discharged), this parental card thing is killing me to the point of giving up and despair, and causing me to feel hopeless about the contamination of my credit by my mentally ill and desperate parents. Plus, I have a few minor medical bills, but being unemployed, I cant make a dent in them.
I think I have a good chance at being able to create good credit after this process is over, but I really need a clean break from disastrous figures in my life and their bad choices. I am willing to face the consequences in order to do this. I am a careful person, and I have people willing to cosign for me and be guarantors for key life necessities (rent, car payments, etc.) because they know me and my trustworthiness. Will this affect my current rental apartment, which usually does an instant lease renewal every year? That's where any money I can cobble together goes.
So, what am I in for, and who do I speak to in order to get this pretty-depressing, but hopefully rejuvenating, process started and finished. I am located in NYC currently. Is there anything obvious I am missing? Many thanks for any helpful information, or direction to other resources, would be deeply appreciated.