Chapter 7 and late mortgage?

[backtoschool]

Thanks I wish it was that easy. I'm a mess today...LOL

When I list the stuff in my house do I have to list my childrens stuff? What if they were gifts to them? My daughter just bought herself a new phone. She has been saving all her report card, birthday, christmas money and bought it herself. I pay for the service. Would this be a problem?

Household goods, including toys, etc, should just be listed as "household goods" and priced at garage sale prices with everything lumped into one amount. Sometimes people put appliances and electronics as a separate line item.

[Dee]

Thanks I wish it was that easy. I'm a mess today...LOL

When I list the stuff in my house do I have to list my childrens stuff? What if they were gifts to them? My daughter just bought herself a new phone. She has been saving all her report card, birthday, christmas money and bought it herself. I pay for the service. Would this be a problem?

List the items as "property held for others". We were able to do this for our son's Wii system and games, which he bought with money he had earned from his grandparents for getting good grades.

[drowning123]

Dee, you said it so much nicer. LOL. I felt like spanking Freddy. LOL.

[Pandora]

Thanks I wish it was that easy. I'm a mess today...LOL

When I list the stuff in my house do I have to list my childrens stuff? What if they were gifts to them? My daughter just bought herself a new phone. She has been saving all her report card, birthday, christmas money and bought it herself. I pay for the service. Would this be a problem?

Unfortunately, yes you have to include everything - even if they were gifts or paid for by your daughter. Just the way it works.

Sorry you're stressing so badly Freddy.... know that this too shall pass

[drowning123]

Yep, that's the plan.

[backtoschool]

Freddy, since you haven't paid cc's in over a year, your luck will eventually run out and you'll end up in court with judgements. Based on your other thread, one month of mortgage payment would pay for an attorney (we're in Florida and got a good one for $1,500 for a Ch 7). The Florida market is so flooded with foreclosures and short-sales that the lenders really don't want your house back right now, so you should have time to get cought back up on your mortgage. Go ahead and file and get this stress off of you. You'll feel better knowing you're moving in the right direction.

I agree with Dee. You will have plenty of time to catch up on the mortgage. Filling now will protect you against the inconvenience of lawsuits, judgments, wage garnishments and bank account levies, etc....

[Freddy03]

Freddy, since you haven't paid cc's in over a year, your luck will eventually run out and you'll end up in court with judgements. Based on your other thread, one month of mortgage payment would pay for an attorney (we're in Florida and got a good one for $1,500 for a Ch 7). The Florida market is so flooded with foreclosures and short-sales that the lenders really don't want your house back right now, so you should have time to get cought back up on your mortgage. Go ahead and file and get this stress off of you. You'll feel better knowing you're moving in the right direction.

Thanks - I have already retained a lawyer and have 3 cc court cases pending. Well one already obtained a judgment and the other 2 are on hold due to pending BK.

[drowning123]

Thanks - I have already retained a lawyer and have 3 cc court cases pending. Well one already obtained a judgment and the other 2 are on hold due to pending BK.

Then what are you waiting on?! Run Forest! LOL. I think one of the steps to being stress-free is filing. As NIKE would say "Just Do It."

[Freddy03]

Thanks everyone

I guess I'll still plan on filing Mid Nov

[Freddy03]

Then what are you waiting on?! Run Forest! LOL. I think one of the steps to being stress-free is filing. As NIKE would say "Just Do It."

LOL I wish I could I don't have the rest of the money to pay the attorney until Nov. If I had it today believe me I would file before FL median drops in Nov

[drowning123]

Well, November can't come soon enough. It's not too far away. Good luck, Freddy. Think about the future. Don't think about what other people think about you. In the very beginning, for a brief moment, I was worried that my neighbors would see that awful sign on the lawn "For Sale/Bank Owned." I also dreaded that they'd see the repo truck towing the car. At this point, I don't give a rat's behind. I need a car to drive to the train station, but I can always take a cab.