Should I file for bankruptcy

I have about $100k in debt ranging from credit cards, personal loans, two car repossessions, one car still in my possession but behind 1 year in payments. $20k in owed rent from previous apartment rental. Hospital bills, tickets, negative balances on two banks accounts. I live in Washington state and have a high balance on something called the Toll highway. I have a hard time keeping up with my current bills and live paycheck to paycheck. I make about $60k a year. I am leaning towards filing for bankruptcy but because I have no knowledge of what that entails I'm concerned about the problems I may have when I'm ready to purchase a home in the future, or even renting. If I don't file for bankruptcy paying back the debt could take at least 3 years, I'd have to take on any/or all overtime for as long as possible. I want to be done with this debt and move forward but I don't know what that would look like after bankruptcy, or if it's worth just plugging away at the debt with my current income. HELP!

Posted May 4, 2025, 4:47 PM UTC

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