Working through bankruptcy
I'll try to boil a complex situation
down to essentials:
In 2005 I was severely injured in a
motorcycle accident. Immediately
upon returning to work, my position
was eliminated. Since then , I've
been trying to get back on my
financial feet but having little luck.
During this time our household
income has dropped by about 80%.
We have managed to stay current on
mortgage and car notes, but
revolving debts such as credit cards
are severely delinquent.
I do not wish to file bankruptcy; I
would much rather make payment
arrangements. However, I am also a
Series 7/66 licensed
representative/insurance agent, and
thus have to report compromises or
arrangements with creditors to
How does one go about getting good
advice on working through such a
situation, without ending up
unemployable at the end of it?