Its one week before meeting and I am not the same nervous doubtful and fearful person I was when I initially filed. I had all kinds of doubts of whether I was doing the right thing or not or what if someone looked me up..but since now I am able to have control of my money and dont even have to deposit any money into my accounts unless its for necessities. I now have a budget that I follow, I am saving up to take a vacation since I havent taken one in 3 years. After my vacation I am going to be saving up a couple of thousands a month (what I was paying the credit cards and equity lines of credit) into to my retirement plan. I am 55 and only have another 10 good years of working and I need to save aggressively for my retirement.
I think this was a good business decision, otherwise I would have been paying those thousands of dollars for years to come and not saved up any money for retirement. My house is upside down so I will be able to settle the 2nd and just have the 1st loan.. Once the market gets back up, my house will be worth at least $200,-300,000 in equity.
I hope every goes well at the meeting. My attorney has assured me that everything is ok. I am self-employed and requested an extension for my 2009 taxes, I hope she is right that all I have to send in is the 2008 and the extension. She is not asking for my bank statements to show the self-employment income. I hope I dont have to come back to court because I have already scheduled my vacation for Aug 21st. The meeting is on July
2nd.
Hope everyone's Bk goes well and that it was as good a financial decision as mine.
I was just bombarded with credit cards, vacancies and repairs in rentals, paying 2nd mortgages for houses that were upside down and never having a penny to save up. The one that really made me think seriously about BK was Wells Fargo with their calls 2x a day and asking me why I was late and when I was going to pay. They also immediately filed foreclosure on a rental..they are so aggressive.
I think this was a good business decision, otherwise I would have been paying those thousands of dollars for years to come and not saved up any money for retirement. My house is upside down so I will be able to settle the 2nd and just have the 1st loan.. Once the market gets back up, my house will be worth at least $200,-300,000 in equity.
I hope every goes well at the meeting. My attorney has assured me that everything is ok. I am self-employed and requested an extension for my 2009 taxes, I hope she is right that all I have to send in is the 2008 and the extension. She is not asking for my bank statements to show the self-employment income. I hope I dont have to come back to court because I have already scheduled my vacation for Aug 21st. The meeting is on July
2nd.
Hope everyone's Bk goes well and that it was as good a financial decision as mine.
I was just bombarded with credit cards, vacancies and repairs in rentals, paying 2nd mortgages for houses that were upside down and never having a penny to save up. The one that really made me think seriously about BK was Wells Fargo with their calls 2x a day and asking me why I was late and when I was going to pay. They also immediately filed foreclosure on a rental..they are so aggressive.
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