I have over 80k debt, make avg 60k a year, have a 401k of 75k (but they won't let me withdraw- and I've already taken the maxium loans anvailable. I've cosigned a loan and my name is on a property.. payments for all cc are around $1300 and I net $1800. I still need to pay rent. I can't afford to make my monthly payments, and want to file for bankruptcy. Should I? Can I? Which one would I qualified for?
If i could withdraw my 401k, and payoff my debt I would. But IRS doesn't see paying cc off as hardship to do so. Also, could I transfer name of the property to someone else, so it wouldn't affect them if i do file for bankruptcy? I don't want to drag other people with my problems!
You should seek conseling. You definately should not file for bankruptcy though.
