Question My situation opinions welcome

[DumbTeacher]

First and foremost I am an idiot.

LOC $30,000 which was originally supposed to be the debt consolidator 2 years ago AmEx $18,000 Balance transfers held for two years Bank Visa $4000 (mainly overdraft charges) Student Loans $90,000 which are thankfully in deferment and a car payment of $476 and a year left. The Bank Visa has been used for overdraft in the past month

I am current on everything, have never been late, but have been in a vicious cycle of letting Peter Paul and Mary pay each other when things have gotten to tight.

I am single, no assets, rent and find myself close to $150- 200 in disposable income when taking the means test before the numbers get pushed, pulled, or massaged.

What is likely for me and when do I stop paying these guys if it is my intention to file? (Do I pay the Bank Visa before I file?) I have read the 70 day rule on charges before filing and these all came up before filing was an option... What do I not do here. Payments are due in a week here.

Thanks in advance and from the reading I have done in this forum many of you have overcome some serious adversity.

[JRScott]

With that much disposable you are looking at a Chapter 13 filing most likely if its 160-200 dollars. I'd try to get it down below 100 dollars disposable then you are probably a Chapter 7. Make sure you've accounted for all allowed expenses even if currently you cut corners.

Student Loans can't be discharged.

What was the overdraft about? Was it a luxury item or luxury expense?

[DumbTeacher]

Definitely not a luxury item. Georgia has these Video Terminal Lottery machines that like to eat money. Being a humanitarian, they were fed. They can be expensive to feed. The lawyer I am going to see is hellbent on a chapter 7...

[JRScott]

Remember you have to list gambling losses in the petition.

Its good that your lawyer is ready to go for a Chapter 7 that improves your chances. I suspect you don't have all your expenses listed

[Rick9972]

Definitely not a luxury item. Georgia has these Video Terminal Lottery machines that like to eat money. Being a humanitarian, they were fed. They can be expensive to feed. The lawyer I am going to see is hellbent on a chapter 7...

IMHO you should never do a BK until the underlying problems are addressed and dealt with.

Is this addressed and dealt with?

[DumbTeacher]

IMHO you should never do a BK until the underlying problems are addressed and dealt with.

Is this addressed and dealt with?

Rick: You don't state an opinion, you state a cold hard fact. Tough one to learn.