Okay usually I can read, discern and retain but I just am not getting this yet.
Am considering filing chapter 7 in CA. I am below the income limit.
I would like to retain my car: It was a 5yr loan at 1.99% so I've actually eaten away at a lot of principal in the last 17 mos. I owe @15,000. and that about what it is worth. I can afford to keep paying the payment if I stop making CC payments.
other than that I have some personal items, jewelry and art that I'd like to keep (is that wrong??) maybe worth a total of 6000.00 and that's it period.
I realize now that I have been deluding myself and should not have been trying to pay down the credit cards as I now only have about 900.00 in bank
(first time in my life I haven't been able to find work)
Right now I get about 11,000.00 per yr from family as a tax free gift. I presume that will be considered income? Its complicated as I live with 89 yr old mother and basically use it to run the home she own but i live in with her.
Hell, I don't even know what I'm asking any more. But i guess it would be which System would cover the small bit of personal property better...and as far as not being able to hold off filing for 3-6 mos while not using CCs....well, I didnt buy anything other than food, gas etc...
Am considering filing chapter 7 in CA. I am below the income limit.
I would like to retain my car: It was a 5yr loan at 1.99% so I've actually eaten away at a lot of principal in the last 17 mos. I owe @15,000. and that about what it is worth. I can afford to keep paying the payment if I stop making CC payments.
other than that I have some personal items, jewelry and art that I'd like to keep (is that wrong??) maybe worth a total of 6000.00 and that's it period.
I realize now that I have been deluding myself and should not have been trying to pay down the credit cards as I now only have about 900.00 in bank
(first time in my life I haven't been able to find work)
Right now I get about 11,000.00 per yr from family as a tax free gift. I presume that will be considered income? Its complicated as I live with 89 yr old mother and basically use it to run the home she own but i live in with her.
Hell, I don't even know what I'm asking any more. But i guess it would be which System would cover the small bit of personal property better...and as far as not being able to hold off filing for 3-6 mos while not using CCs....well, I didnt buy anything other than food, gas etc...
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