Single mother recently lost her job, if they do file bankruptcy to keep?

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I am a single mother, a house, my son is the father does not pay a penny, and I lost my job. Of course, I can not afford, pay my mortgage. So what do I do if I file for bankruptcy in CA? I have some 401k, a car, 30K debt credit card and student loans, no savings …

  1. Reply
    May 2, 2011 at 1:19 am

    Well, what my parents did was ask for some money from my grandparents. lol

  2. Reply
    Mrs. Herrera
    May 2, 2011 at 1:53 am

    Try applying for new jobs, file for unemployment, file a complaint with the attorney general in your state (or whoever collects child support) and don’t file for bankruptcy- there are so many other things to do first.

  3. Reply
    May 2, 2011 at 2:15 am

    Im not sure about the answer, but I just wanted to say sorry about the situation. Keep your head up, things will get better. My mother went through the same process you seem to be going through

    good luck and god bless : )

  4. Reply
    May 2, 2011 at 2:54 am

    I think your 401k [up to 150K] you can keep. You have to keep your student loans. The rest is up to you. Make sure you only do this once. that is, make sure you get rid of everything you need and put it in the BK. You don’t want to do this again a year down the road.

  5. Reply
    a a
    May 2, 2011 at 3:22 am

    hopefully nothing if you are filling for bankruptcy

  6. Reply
    May 2, 2011 at 3:37 am

    Instead of filing for bankruptcy (the easy way out), get a job and sacrifice. That will get you out of just about any predicament you are in.

    So, in easy to read list form, here is what you can do.
    1) Get a job, or two even to pay the bills.
    2) Sell your home and get one you can afford
    3) Sell your car and get a more affordable model
    4) Consolidate your credit card debt into one loan.
    5) Eliminate undeeded things in your life, such as cell phones, internet, cable, etc. They are luxuries, and not necessities.

    That will help you immensely.

  7. Reply
    May 2, 2011 at 3:49 am

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