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>1K in credit card debt
>5K in debt with high monthly and yearly interest with various bank loans
>10K in debt from student loans
>20K in debt from legal fees that my parents covered
Is this even salvageable? I quite honestly don't know where to even begin to tackle this debt. I'm freaking out at how stupidly irresponsible I am right now and I'm wondering if bankruptcy is an option. I only make 36K a year at a local government agency, but I barely make it through a pay roll period without having to take out more money just to cover interest costs. I need to consolidate but the only way to do that is to ask my parents to co-sign - I don't want to go begging them to bail me out (again).
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>>18600837
Well, you can't discharge the student loans, and I doubt that your parent's loan will matter towards a discharge if you file for bankruptcy, so you can only discharge 6 grand of that debt by filing, which will cost around a grand to file for.
So I guess it depends on whether the loan from your parents is an official loan, or just you borrowing money from them (regardless, if you file, expect it to leave just as foul of a taste in their mouth as if you just told them you would never pay them back for it).
As for the 6k, I guess it really depends on your monthly earnings and expenses.
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