So, we consulted w/a BK atty about 6 wks ago. Stopped making CC payments about then (now on 2nd month of missed payments- never late before)--- and have been paying atty instead..figuring we'd file in about a month.
(She was determing 13 vs 7 and today said 7)-- and said she's ready for me to sign!!!!!!!!!!!!!!! I just feel overwhelmed. it's our only option at this time, long run a good thing...but well, I just thought I'd have another month or so to emotionally prepare. (Also thought I should save $ for emergencies, etc).
Spouse unemployed since fall 08 and on UI. So things have been stressful...
This board has been very helpful w/background info-- wonder if I should do anything before signing-- like I was just thinking of changing cell providers...
unsecured: 50K
student loans 160K
affirming house & cars (1 = paid off).
Atty even said I don't need to spend down $ (the money in our acct is for bills, mortgage, etc but still it's not 0....and I get paid tomorrow )...
anyhow, just shocked. it's such an emotional journey but I keep saying its the smartest financial decision we can make b/c even w/spouse being employed it would take forever and a day to pay down all that debt and I have 2 small kids, I want to teach them proper money habits (sure I'm guilty of the occasional indulgence-- but it's a mix of unemployment, all our rates when way up and then I have furlough at work)....
(She was determing 13 vs 7 and today said 7)-- and said she's ready for me to sign!!!!!!!!!!!!!!! I just feel overwhelmed. it's our only option at this time, long run a good thing...but well, I just thought I'd have another month or so to emotionally prepare. (Also thought I should save $ for emergencies, etc).
Spouse unemployed since fall 08 and on UI. So things have been stressful...
This board has been very helpful w/background info-- wonder if I should do anything before signing-- like I was just thinking of changing cell providers...
unsecured: 50K
student loans 160K
affirming house & cars (1 = paid off).
Atty even said I don't need to spend down $ (the money in our acct is for bills, mortgage, etc but still it's not 0....and I get paid tomorrow )...
anyhow, just shocked. it's such an emotional journey but I keep saying its the smartest financial decision we can make b/c even w/spouse being employed it would take forever and a day to pay down all that debt and I have 2 small kids, I want to teach them proper money habits (sure I'm guilty of the occasional indulgence-- but it's a mix of unemployment, all our rates when way up and then I have furlough at work)....
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