I've been playing the balance transfer game, and for years I played it well. But my income has dried up and here I am, huge debts, stopped paying CCs and unsecured lines. I've been acting like a deer in the headlights ever since I learned that 90 days was for a presumption of abuse; that is that 91 days is no safe harbor.
Magnitude: Unsecured is 245K; 195 to the financial institutions, 50K to my mom.
Anyway I need an attorney with the judgment and maybe the respect from his/her colleagues to navigate me through this. Not looking for the cheapest. If anyone has dealt with similar issues in this district and can recommend an attorney, please PM me.
I wish I'd found this forum before I stopped paying everyone... I made sure I made at least 4 payments beyond any advances I took, but I certainly could have made a few more.
Recent advances are not that large a portion of my total unsecured debt, but I'm worried that my overall debt level will make some creditors feel its worthwhile to sue for the whole balance and go fishing... and that years of the B/T game will embolden them to challenge entire balances. Moreover income prospects are shaky enough that if I come out with only the assets I can keep through a Ch 7, any debt surviving it could really sink my "fresh start."
Like many of you here, my real sin was trying too hard not to get here. The years have taught me that cleverness and hard work will always find a way to pay the bills.
I have read and read and read on these boards--lots of great help. But now I need some local expertise.
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And if I was a little younger and didn't have a child to support and a mom to pay back, I'd go to law school become a debtor's attorney. The way I see it, debt is the new slavery and these guys are freedom fighters.
Magnitude: Unsecured is 245K; 195 to the financial institutions, 50K to my mom.
Anyway I need an attorney with the judgment and maybe the respect from his/her colleagues to navigate me through this. Not looking for the cheapest. If anyone has dealt with similar issues in this district and can recommend an attorney, please PM me.
I wish I'd found this forum before I stopped paying everyone... I made sure I made at least 4 payments beyond any advances I took, but I certainly could have made a few more.
Recent advances are not that large a portion of my total unsecured debt, but I'm worried that my overall debt level will make some creditors feel its worthwhile to sue for the whole balance and go fishing... and that years of the B/T game will embolden them to challenge entire balances. Moreover income prospects are shaky enough that if I come out with only the assets I can keep through a Ch 7, any debt surviving it could really sink my "fresh start."
Like many of you here, my real sin was trying too hard not to get here. The years have taught me that cleverness and hard work will always find a way to pay the bills.
I have read and read and read on these boards--lots of great help. But now I need some local expertise.
====
And if I was a little younger and didn't have a child to support and a mom to pay back, I'd go to law school become a debtor's attorney. The way I see it, debt is the new slavery and these guys are freedom fighters.
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