Re: Re: Re: new here...and lots of debt. help.. Hedwig, that is amazing! I am so impressed how you were able to dig yourself out! You should be quite proud!!
Re: Re: Re: new here...and lots of debt. help.. The HIGHEST interest rate will be PAID OFF SOON...then you move to next lower interest rate...(YOU PAY ALL YOU CAN)...maybe even >$1,000 or $2,000/per month...even if the min is $200!!! I have all my accounts at 0.00%-5.90%...I WILL ACCEPT UP-TO 9.99% BUT NO HIGHER...all accounts above 9.99% are ALWAYS PAID IN FULL 100% OF THE TIME... I am happy with this system... I HAVE NOT HAD GOOD LUCK WITH LIMIT INCREASES OR INTEREST RATE REDUCTION AS OF LATE...BUT STILL 25+ YEARS OF NO "BADDIES"
Re: Re: new here...and lots of debt. help.. It is unlikely the bankruptcy court would even find out about him paying his parents. It isn't like they are reporting to a CRA. When I filed I was still making some payments to some of my creditors and not to others. It wasn't about preferential treatment, it was about who was the most obnoxious. I did what I could to keep them off my back. None of this was ever even mentioned in my petition, by other creditors or the trustee. I think preferential treatment is more about trying to keep certain debts out of bankruptcy...like accidently on purpose not putting a favorite, and current credit card in the petition, so that you can continue to use the credit. Thats what really ticks them off.
I filed chapter seven 2/2002. The debt owned on a house must be included as part of the debt in the bankruptcy. He could re-affirm, but it will still be considered. I don't think he would have a problem bankrupting, and he might be better off ditching the whole mess and renting for a while. If he includes the house and doesn't reaffirm, It is likely that he can go chapter 7 without a second thought.
Another thing not mentioned here is exemptions. I believe it varies from state to state, but that water toy could conceivably eat up alot of his exempted items. Of course, it also may fall in a different category being a 2nd home. Not sure, but really need to lay it all out on the table for an attorney.
Re: Re: Re: new here...and lots of debt. help.. I am not beating you up.. I am asking you questions to try and help you.. but with your attitude, i am not. good luck.
Re: Re: Re: new here...and lots of debt. help.. Lordy, we always ask questions of each other so that we can offer better advice and counsel -- not to mention get to know each other -- we're a community. This guy must think we exist as a public service designed just for him -- speedy answers delivered well and just the way he likes 'em. I didn't even get so much as a "thanks, Doc" to my message which only took about 15 minutes to compose. (If he'd addressed me the way he addressed marci, I'd have put him on ignore forever already.) Maybe I should send him an invoice at my regular hourly rate, lol. Doc
Re: Re: Re: Re: new here...and lots of debt. help.. Yeah...send me an invoice. Do you accept credit card? If not...I will just include it in my BK. (haha) I was not meaning to often anyone, and I am grateful for anyoneâ??s opinion, should I agree or not. However, 75% of the replies were sell sell and not giving me any real direction. For example...selling the boat is only $300 more a month. Not a big difference when looking at $75 grand of debt. I have already spoken to a couple of attorneys...keeping the house and the boat is not an issue. And actually at the time I had another car...and they didn't see any issues with keeping it either since I still owed on it. I sold it for payoff. However, asking how I got this much debt comes off more like..."Oh my god! You are stupid? I can't believe that!â? And quit honestly I don't need that...and besides that question was answered with my very first post. And doc, you didn't get a thanks because you're reply was sarcastic...and provided no help. As I said...getting rid of a $300 monthly payment does not keep me out of BK. Maybe my post should have read..."filling BK, don't care about my credit and I want to keep everything and screw my ex over the best way possible."
Re: Re: Re: Re: new here...and lots of debt. help.. Maybe my post should have read..."filling BK, don't care about my credit and I want to keep everything and screw my ex over the best way possible." THAT MAKES EVERYBODY SO HAPPY WE TRIED TO HELP!!! WE GET PAID NOTHING TO BE HERE~~WE GET OUR REWARDS BY BEING HELPED...AND GIVING HELP IN RETURN!!!
Re: Re: Re: Re: Re: new here...and lots of debt. help.. Actually I was not being sarcastic. But make no mistake -- I'm not being sarcastic when I tell you this: I think you're a jerk. Doc
Re: Re: Re: Re: Re: Re: new here...and lots of debt. help.. :-0 Dang! This was on point! ____ You sir, whoever you are, have just been *read*. I suggest that you find another board to ask your BK question. You just ended your welcome here.
Re: Re: Re: Re: Re: Re: new here...and lots of debt. help.. Doc seems like I read somewhere "Give every man thy ear, but few thy voice. Well, I have watched this thread with great interest, and have learned a lot, but most of all I have learned ....don't piss Doc off....he gets mean. hehe
I have read some of the advice, and some of the replies, I will not add or detract from what has been said. However, one thing did occur to me that I think has been overlooked (unless I missed it). If you file for BK, and IF as you said in your divorce you "got the debts" and if, as you said your ex PAID her part of some of the joint cc bills.Then, she can file for a rejection of your BK, as she would be left with the responsibility of paying YOUR debts on the joint accounts. PLUS she could also file against you for contempt of court in evading the obligation of your agreed upon settlement and have the court involved not only in your BK, but also possible criminal fraud charges. This presumes of course that she feels towards you as you sem to feel towards her.
Yeah Doc...I am a jerk. thanks. So are you. Do you feel better now? As far as my wife coming back after me. now...I am saying this based on what two different attorneys told me. Now that the divorce is final, and it has been now for a few months. I would file and list her as a creditor...thus filing against her too....leaving her no way to come after me. For those of you that have provided useful information and kept your opinions of how I choose to deal with this to yourself....THANKS!
I think you've summed up your style quite well. As a newcomer, you're not making friends very effectively, and I can assure you that this will impact the quantity and quality of help you receive. Oops, I forgot, you want us to keep our opinions to ourselves anyway. Why are you here? Doc
Re: Re: new here...and lots of debt. help.. This person is on your Ignore List. To view this post click [here]
Re: Re: new here...and lots of debt. help.. You know this post was going along just fine until the first post from blueeyes_a. I think that's where my attitude changed. blueeyes_a seemed upset that I was even considering BK with a salarly like mine....Why did that need to be said? That was hardly advice and hardly anything that makes anyone new feel welcome. Serveral folks offered great advise as well as follow up plans...not just "sell". To those people...thank you for your time! George and Doc...man! you guys are hard headed. no wonder you guys are such senior members to this board. I am going to bed and hopefully sleep of this bad mood Georgie and Doc got me in.
Re: Re: Re: new here...and lots of debt. help.. LOL. Well, you may be right about that. But I was serious when I suggested that you consider selling items (if you have them) you no longer need. It's a great thing to consider, and I basically was smacked for saying so. Actually, I think it was marci who first took time out from her day to attempt communicating that message, but you smacked her too (which is too bad, because she's a great teacher about this stuff). Also, blue-eyes wrote some good stuff there -- bk isn't always the best way to go for lots of important reasons you should consider. Whenever I have to make a tough decision, I want to know all sides of the issue -- that's what you're getting here, for goodness sakes. Anyway I hope all this turns around for you soon. (And I'm NOT being sarcastic, OKAY?) Doc
Re: Re: Re: new here...and lots of debt. help.. OK...thanks. I understood and understand that I should get rid of things. However, at the same time if I am going to HAVE to file BK I might as well try and keep as much as possible...seeing how I won't have the credit to do it on my own for sometime....right? well...that's at least the frame of mind I was choosing to think in. And looking at it from my narrow window and looking at a pile of debt totaling $75 and then looking at a $300 boat payment....I didn't see the connection. And yes, I know I should sell the boat...I guess what I was looking for were suggestions on how getting rid of the $300 payment was going to help any if I was still going to have to file. thanks.
Re: Re: Re: new here...and lots of debt. help.. You asked for advice on your situation, not for advice on how to use bankruptcy to your advantage. The first, clear question to ask someone who is in debt is how much they make. Incidently, since you seem to have missed it the first time, YOU CANNOT DISCHARGE STUDENT LOANS IN BANKRUPTCY.
