Open Question: Is bankruptcy my best option after 2 credit card judgements and 3 charge-off accounts?
I have about $14,000 in credit card debt from 5 credit cards that was created by my mom about 8 years ago. The sad part about it is that the cards probably added up to $2500 in credit originally. I have ignored it for the past 8 years but lately it has become impossible to ignore. I have been depressed and burdened by this for years. I realize that it is not going away. She is TRYING to pay the 2 credit card judgements after they garnished my bank account a couple of years ago. This means that she has made a few payments to settle things. I now have another credit card company with a court order. My mom is not working due to her having 2 special needs children which are now adults and is dependant on my dad for income. He has his own financial problems thanks to her that he has to fix. There is no way that I can afford to pay off these debts realistically. I also have a car note that I owe $8000 for and I do want to keep. I do not own my own home. What should I do?
