Here is the rundown of my current situation.
36 years old, married, 4 kids and taking care of a parent
$125,000 unsecured CC debt
3 Cars Book values (2K, 4K, and 7K) For Wife, Me, and Parent.
First Mortgae Loan: Balance 155K
2nd Mortgage Loan Balance 48K
Home Value now is at 160K
My income is $82K/year. ($6,800 gross monthly, $4600 net monthly)
Monthy Payments:
$1250 1st Mortgage
$600 2nd Mortgage
$2500 CC payments
$400 clothes, toiletries, Diapers etc...
$450 Gas, Electric, Water bills
$300 Car Gas
$900 food
$140 Insurance
$250 Prescription and medical costs
This is all pretty rough...but this gives you an idea of what I have going on. Most of the (50%) Debt incurred in the last 6 months.
The way I am going, I'm going to remain in debt for quite some time. Is there any way I can qualify for Ch7? If So, Can I negotiate the 2nd Mortgage?
I retained attorney and he made it look so easy that i qualify and was wondering if thats the case..
36 years old, married, 4 kids and taking care of a parent
$125,000 unsecured CC debt
3 Cars Book values (2K, 4K, and 7K) For Wife, Me, and Parent.
First Mortgae Loan: Balance 155K
2nd Mortgage Loan Balance 48K
Home Value now is at 160K
My income is $82K/year. ($6,800 gross monthly, $4600 net monthly)
Monthy Payments:
$1250 1st Mortgage
$600 2nd Mortgage
$2500 CC payments
$400 clothes, toiletries, Diapers etc...
$450 Gas, Electric, Water bills
$300 Car Gas
$900 food
$140 Insurance
$250 Prescription and medical costs
This is all pretty rough...but this gives you an idea of what I have going on. Most of the (50%) Debt incurred in the last 6 months.
The way I am going, I'm going to remain in debt for quite some time. Is there any way I can qualify for Ch7? If So, Can I negotiate the 2nd Mortgage?
I retained attorney and he made it look so easy that i qualify and was wondering if thats the case..
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