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Author:		Loretta
Date:		November 2, 1999
Question:		I have an $85,000.00 credit line with my bank which holds my mortgage and other expenses. I have $45,000.00 equity in my home. For the last 4 years, I have only been able to pay the interest on my line of credit. I can't even pay the legal fees to have my mortgage transfered to another bank. My employment is on a contract basis and I always find myself going through months of unemployment between contracts every year. I cannot pay off this credit line and all my other bills. Every month, I have to choose which bills to pay. How do I get out of this?
From:		Shane Brenneis, Collins Barrow Limited
Date:		November 4, 1999
Answer:		You are in a situation where you are unable to pay your normal living expenses and cover your debt load. Therefore, you need to address this problem and a proposal or bankruptcy may be your solution. You need to obtain an assessment of your situation. To obtain a free assessment of your financial concerns, you should contact a Trustee in your area by looking in the yellow pages under "Bankruptcy". If you have any further questions or want to come in for a free assessment to our office, please call or email me using the information below. Shane Brenneis phone: (403) 298-1575 sbrenneis@collinsbarrow.com