Would like some advice here as I have been running the numbers for days and can't seem to make it work. I have either two choices: file Chap 7 OR somehow, someway pray that I can make ends meet with the credit card payments and eventually pay them off. Bare with me on this because I am only one phone call away from filing and want someone's opinion other than my attorney. I have 34K in credit card debt. Here is what my monthly looks like: 5,000 after taxes takehome 1,000 extra income (not guaranteed...fluctuates from 0 to 1,000...no taxes taken out of it) 2K to 6K per year bonus (not guaranteed) 500/month (fed tax adjustment needed so i break even at end each year vs. owe money....changing allowances now to reflect that) 1700 mortgage 1200 child support 750 alimony (supposed to be 1500 but she's being nice right now) 300 TDSP loan 200 School loan 100 medical 350 food 100 cloths/cleaning/misc 400 utilities 300 auto (ins, gas, maint) 100 life insurance Start of 2003, 400/month divorce settlement Before I even add credit card payments (950/month), I'm already at 0. If I pay what I'm legally supposed to pay for alimony, I'm 750 in the hole. When 2003 hits and I have to pay the 400/month, I'm 1150 in the hole. If the 1K/month income doesn't come in, I'm 2150 in the hole. The only thing to go in the Chap 7 would be the 34K in CC debt. Home and car are exempt. Am I doing the right thing? Am I missing some other alternative? Thanks in advance Rick
