I'm almost exactly $ 200,000.00 dollars in debt and I am single with an income and earn about $ 2,200.00 per month.
The highest paying job I had after 5 years in college was $ 19.00 an hour in which he worked for two years before being fired. Since then , I have not been able to get a really good job to pay with my career.
Here are my dues :
$ 16,000,000 (and counting ) to the IRS. After I bought my house , the IRS stopped working with me, and everything was done to all the threats with which to answer each question with " I see you have a house, do not have to work with you, you can simply put the tax burden at against your home ) what they did.
I am desperate to get out from under this debt and I have heard stories about people making ridiculous solution offered by the IRS and pay pennies on the dollar, but the only settlement that gives me is around $ 15,900.00 ( reduction of $ 100) If I pay immediately.
And this amount is of $ 7,000.00 and the rest are the penalties and fines.
I owe $ 85,000.00 in my house
I owe $ 14,000.00 in medical bills
I owe $ 13,000.00 in credit card bills
i owe $ 5,000.00 in several bills
I owe the utility $ 2,500.00
Sallie Mae I (I had my son consolidation loans ) $ 70,000.00 .
I can not afford any of them right now , besides my house and my payment is $ 832.00 per month. I also live away from home out of state and I have to pay $ 400.00 for an efficiency.
Should I declare bankruptcy ? What chapter should I file and how do you think will help me ?