We talked to our lawyer about our options. I need to wait until
December 01, 2009 before I can file Chapter 7 because of my income. I have tried everything over the last 3-4 months to avoid bankruptcy, but now our options are very limited. I was cashing out vacation, personal and other paid time off to increase my income. Little did I know that those decisions would push us to Chapter 13 if we file right away.
All of our CC's have been shredded.
We stopped using CC's as soon as we decided this was our best option
I was advised that to continue paying our unsecured debt was a waste of money. This really does scare both of us. The phone calls started almost right away from 3* creditors. We're most worried about calls to our emplorer, relatives or friends and any legal action being taking against while wating to file on 12/01/09. Should we even be worried about this being it's only 3 months? I have read what seems like every creditor post on this forum and can't decide if we should even answer any of the calls.
Any of these creditors worse than others?
American Express
Bank of America *
Chase
Capital One
Citibank
Discover *
PayPal Buyer Credit (GE Money)
Wells Fargo *
We have a 1st & 2nd mortgage that we will keep and have never missed or was late on either. We also have 2 car payments that we will keep with both cars and have never missed or was late on those either.
Awesome job by everyone who contributes on this forum.
December 01, 2009 before I can file Chapter 7 because of my income. I have tried everything over the last 3-4 months to avoid bankruptcy, but now our options are very limited. I was cashing out vacation, personal and other paid time off to increase my income. Little did I know that those decisions would push us to Chapter 13 if we file right away.
All of our CC's have been shredded.
We stopped using CC's as soon as we decided this was our best option
I was advised that to continue paying our unsecured debt was a waste of money. This really does scare both of us. The phone calls started almost right away from 3* creditors. We're most worried about calls to our emplorer, relatives or friends and any legal action being taking against while wating to file on 12/01/09. Should we even be worried about this being it's only 3 months? I have read what seems like every creditor post on this forum and can't decide if we should even answer any of the calls.
Any of these creditors worse than others?
American Express
Bank of America *
Chase
Capital One
Citibank
Discover *
PayPal Buyer Credit (GE Money)
Wells Fargo *
We have a 1st & 2nd mortgage that we will keep and have never missed or was late on either. We also have 2 car payments that we will keep with both cars and have never missed or was late on those either.
Awesome job by everyone who contributes on this forum.
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