On what I will be required to pay back?? Is it possible under some scenarios to be required to pay back 100% in five years.
Was unemployed for close to 6 months -- I am making about $75,000 now -- but my credit has gone to hell -- 4 accounts in collections and 2 credit cards at 90 days late and it will get uglier before it gets better. I skipped out on a lease and mailed back the keys to my landlord with a lender telling them that I voluntarily surrendered the apt because I had to move out of state & break lease due to a job offer out of state. I know the lease breaking wasn't a smart move, but I didn't have 3 months or more of rent to 'buy out the lease' plus put down first & higher security deposit on new place + moving fees.
I am in Massachusetts. I am likely paying way over what the IRS guidelines are for rent (wasn't easy to find a place who would rent to me even with being upfront about my situation and offering more months of additional rent). How does this figure into the equation. Would the court/trustee or whomever understand that one is in a lease and has very few options if going thru this.
I am also worried about what will happen 15 months from now when the lease ends. Likely they will jack the rent up even higher (remember that 'luxury apartments' usually mean 'luxury' only in price) and I will need cash set aside for likely many months of deposit or rent upfront.
Was unemployed for close to 6 months -- I am making about $75,000 now -- but my credit has gone to hell -- 4 accounts in collections and 2 credit cards at 90 days late and it will get uglier before it gets better. I skipped out on a lease and mailed back the keys to my landlord with a lender telling them that I voluntarily surrendered the apt because I had to move out of state & break lease due to a job offer out of state. I know the lease breaking wasn't a smart move, but I didn't have 3 months or more of rent to 'buy out the lease' plus put down first & higher security deposit on new place + moving fees.
I am in Massachusetts. I am likely paying way over what the IRS guidelines are for rent (wasn't easy to find a place who would rent to me even with being upfront about my situation and offering more months of additional rent). How does this figure into the equation. Would the court/trustee or whomever understand that one is in a lease and has very few options if going thru this.
I am also worried about what will happen 15 months from now when the lease ends. Likely they will jack the rent up even higher (remember that 'luxury apartments' usually mean 'luxury' only in price) and I will need cash set aside for likely many months of deposit or rent upfront.