What a wonderful web site!
I have met with the lawyers officde twice this week. Here are out stats:
Income = $108,000
First Mortgage = $185,000 valued at $150,000
Second mortgage = $116,000
Credit cards = $50,000
After looking at my list of expenses which were on the high side, he said my payment will be about $875 per month. The second will be stripped after 5 years.
With my expenses the way I listed them would allow our family of four (2 adults and two teenagers) to live comfortably.
He mentioned each of us can have a vehicle but I forgot to ask him if a teenager is allowed to have one for work purposes. Anyone know?
Any advice before I file would be great. We plan on trading our 1997 Ford F150 for a new economical car prior to filing. We have somehwat good credit with no missed payments. We are just on the fence deciding if we should forclose or seek out bankruptcy.
I have met with the lawyers officde twice this week. Here are out stats:
Income = $108,000
First Mortgage = $185,000 valued at $150,000
Second mortgage = $116,000
Credit cards = $50,000
After looking at my list of expenses which were on the high side, he said my payment will be about $875 per month. The second will be stripped after 5 years.
With my expenses the way I listed them would allow our family of four (2 adults and two teenagers) to live comfortably.
He mentioned each of us can have a vehicle but I forgot to ask him if a teenager is allowed to have one for work purposes. Anyone know?
Any advice before I file would be great. We plan on trading our 1997 Ford F150 for a new economical car prior to filing. We have somehwat good credit with no missed payments. We are just on the fence deciding if we should forclose or seek out bankruptcy.
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