I figured the expenses from going back in my Quicken and looking at what we spent and the categories listed in our credit counseling course we had to take online to get the certificate. I know we will never sell ever because we built here next to family and our priority is to stay here. We have 15 years on each the installment loan and the line of credit, so after we are discharged in 5 years we will have around 5 years left to pay. We took the loans to finish. I am looking over the budget now and we are really frugal already but it just is scary the whole thing. Maybe the pre bk anxiety is hitting me harder than I expected, maybe once things get rolling I will feel better. I apologize to anyone that may think I am off my rocker or anything or need emotional help, I don't mean to come across that way. I am just really feeling better by talking with all of you. I have gotten so much useful information out of this board, thank you and thank you to all that have taken the time to talk to me. I feel like I have friends out there just like me in our same boat. We just have to make it work because we got here and need to get out. I just read that in 2009 personal bankruptcy was up 38% from 2008 and 1.4 million Americans filed. Wow. I just want to keep looking at things like this is a good thing, not feel bad, we get to keep our home, back taxes will be paid, we are protected from legal action against us all the way around and the 60k of unsecured is gone. If anything our credit rating will improve down the road and believe me, if we don't have the money we won't be buying it. I don't think I ever want to touch a credit card again or rely on them. We just pray hubby's work stays solid and I can get a part time job going. I want to again thank all of you for talking to me, you have really helped me.
P.S. Once your plan is in place, can they change the monthly amount on you? I understand about income changes we would tell the attorney or other things that may come up we would tell them, but just as time goes on are there any surprises like that? Also, I really love reading about families that have had success with their 13's. Thanks.
P.S. Once your plan is in place, can they change the monthly amount on you? I understand about income changes we would tell the attorney or other things that may come up we would tell them, but just as time goes on are there any surprises like that? Also, I really love reading about families that have had success with their 13's. Thanks.
if both loans together are called in 2020 - then yes, you'll have 5 years left after your BK so long as both are paid as agreed. Are you stripping your 2nd?
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