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Car/House Chapter 13

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    #16
    Originally posted by cindylynnsmith View Post
    Hi JBB,
    I know right now things sound out of control, but I bet even a couple of weeks from now after you meet with a few attorneys you will feel MUCH better!! Honestly a 13 does seem like your only option at this point, but I don't think that is such a bad thing. 5 years isn't such a long time and it will give you the opportunity to get you affairs in order to start planning your life for retirement in the next 20-30 years (just guessing based on the ages of your kids )
    Cindy makes a very good point.

    We are "older" BK Filers. When I was researching about BK, I read in numerous resources that younger people benefit more than older people from filing BK.

    Younger people have more time to recoup and recover. Save for retirement to have a better time of it in their "Golden Years".
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

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