Freddy:
Food for thought.........
1) You incurred the credit card debt for an underlying reason. You used the credit cards to make ends meet because........? Unless and until you ascertain what that reason was, discharging the current unsecured debt will only do just that... discharge the "current" unsecured debt... then the cycle will start over again. If your mortgage payment is about 30% of your monthly income, then something else within your regular monthly expenses has to be the underlying problem. Do you recognize what that "something" is... and what, about that something, will change with filing the bankruptcy? (this question posed by the "me" who works as a certified credit counselor 5 days per week)
2) If you are $85K over mortgaged - what, exactly, is the asset you protecting? an asset of the heart? financial decisions are best made with the head and not the heart
3) I stayed in a marriage for many years beyond when the marriage was over because I wanted the children to finish school, not be displaced etc... many years later my now grown children articulated that they could never figure out why I waited so long to end the marriage... they knew we were miserable and that made them miserable. Don't underestimate how perceptive children can be about financial stress and what that means to their parents.
4) I have a plaque which hangs in my kitchen.... someone gave it to me when I remarried and uprooted my entire life in Canada to move here to America... the plaque says... "A house is built with the hands... a home is built with the heart... it matters not "where" you live but more about "who" lives there with you
Food for thought.........
1) You incurred the credit card debt for an underlying reason. You used the credit cards to make ends meet because........? Unless and until you ascertain what that reason was, discharging the current unsecured debt will only do just that... discharge the "current" unsecured debt... then the cycle will start over again. If your mortgage payment is about 30% of your monthly income, then something else within your regular monthly expenses has to be the underlying problem. Do you recognize what that "something" is... and what, about that something, will change with filing the bankruptcy? (this question posed by the "me" who works as a certified credit counselor 5 days per week)
2) If you are $85K over mortgaged - what, exactly, is the asset you protecting? an asset of the heart? financial decisions are best made with the head and not the heart
3) I stayed in a marriage for many years beyond when the marriage was over because I wanted the children to finish school, not be displaced etc... many years later my now grown children articulated that they could never figure out why I waited so long to end the marriage... they knew we were miserable and that made them miserable. Don't underestimate how perceptive children can be about financial stress and what that means to their parents.
4) I have a plaque which hangs in my kitchen.... someone gave it to me when I remarried and uprooted my entire life in Canada to move here to America... the plaque says... "A house is built with the hands... a home is built with the heart... it matters not "where" you live but more about "who" lives there with you
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