Just make sure it's completely necessary and that there is nothing else you can do, simplify, or sacrifice to avoid it. I filed for Chapter 13 and I have 41 months left of payments before it can be discharged. Now I finally have a great job and I moved in with my parents last winter but I can't change what I've already done. I can't get a car because my bankruptcy isn't discharged yet. Sometimes you get so overwhelmed by those nasty creditors that you can't see your way out of it. Those creditors can't lock you up just because you owe them money. If you think you could get yourself into a better place within the next few months or so, do that. If things are truly too deep to get out, then go ahead and file, just make sure you're prepared to live in limbo for the next decade!
at 3:20 PM on Jul. 15, 2008