I have been reading this forum like crazy, as we are trying to decide if we will file for bankruptcy. We will probably meet with a few attorneys in the next week or two to see what our options are.
I keep read some old posts today that dealt with timing. Some people said "the sooner the better", as they would have saved a lot of money by filing sooner. Others say be patient-don't rush, wait to file until you have to.
What are the pros and cons of waiting or doing it right away?
Our situation: about 50K of debt. So far no late payments on anything, but our "cushion" has just run out and we will not be able to keep up. I think we will qualify for CH 7 becasue our last 6 months salary was under the minimum.
I keep read some old posts today that dealt with timing. Some people said "the sooner the better", as they would have saved a lot of money by filing sooner. Others say be patient-don't rush, wait to file until you have to.
What are the pros and cons of waiting or doing it right away?
Our situation: about 50K of debt. So far no late payments on anything, but our "cushion" has just run out and we will not be able to keep up. I think we will qualify for CH 7 becasue our last 6 months salary was under the minimum.
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