Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Nearly $27,000 in debt and lost a great job, is bankruptcy the best option? - I'd hate to go into too much detail but basically in April i had lost a job i held for 2 years working for an automotives company. I was bringing home over $4,500 a month for being 21 years old. I had lost that job and struggled for 2 months to find another. I had drowned myself further into debt just to pay bills and get by. I had a great credit score around 750 from always up-paying my bills and never being late. I started working as an Armored Truck guard and now I'm bringing home a little under half a month of what I was making at my previous job. With all my minimum payments, I can barely pay rent and the rest of my living expenses. I tried contacting a debt consolidation company but they said they can't work with me with my one bank because i also hold an auto-loan with them, and since it's a collateral debt my other accounts with this bank wouldn't be able to be compromised with. I'm looking into chapter 13 bankruptcy now to pay back my lenders but am still disappointed it's come to this. Any thoughts or ideas? Would I still get to keep my car under chapter 13 bankruptcy? Or will the lender take it back, auction it off, and I'd still owe them the difference? I'm not really sure if it's like a reposession if I claim a chapter 13 bankruptcy.