Currently working towards filing a Ch7 BK in April/May timeframe. Had a PR done for an SSBI about two years ago (I switched employers right as I was meeting with my investigator, and she was aware of my high debt ratio at the time, but understood I was in sort of limbo with things). Began a strategic default on unsecured debts after consulting an attorney back in June 2010 (currently on retainer for the case), and kept both my management and security folks in the loop during that time (originally, security mentioned that any adverse actions would be reported after 180 days delinquency).
Long story short: severely underwater on my current residence (80/20, 10 yr IO ARM on 1st, 15/2 balloon on 2nd), which I left for almost two years after the passing of my mother-in-law. Moved in with father-in-law, who was very anal about everything in his house (to the point we were forced to eat out nightly because he complained on a daily basis that using "his" stove and fridge was wasting energy). Moved back to current residence in attempt to try and qualify for HARP, but stonewalled at every turn, including the excuse from the primary mortgage holder that I needed to be behind in order for them to even talk to me.
Flash forward to today: currently served on two CC accounts, which were reported to security as soon as I discovered them (through another attorney's mailing, of all things). Security at office got a ping from DSS for a reinvestigation, so now I'm filling out my SF-86 to outline current strategy. Been advised by counsel that I make too much with current family size to file Ch7, but doesn't want me in a Ch13. Wife is expecting #2 in April, so hence the delay.
Any thoughts out there in cleared land as to any issues/worries/other things I need to be concerned with regarding this? Have I been giving the powers that be enough information to go on to mitigate concerns, or will the adjudicator not care? Just looking for peace of mind. Once we're in the system, I'll have less to worry about, but I just want to be able to move on with as little professional damage as possible. Thanks in advance.
Long story short: severely underwater on my current residence (80/20, 10 yr IO ARM on 1st, 15/2 balloon on 2nd), which I left for almost two years after the passing of my mother-in-law. Moved in with father-in-law, who was very anal about everything in his house (to the point we were forced to eat out nightly because he complained on a daily basis that using "his" stove and fridge was wasting energy). Moved back to current residence in attempt to try and qualify for HARP, but stonewalled at every turn, including the excuse from the primary mortgage holder that I needed to be behind in order for them to even talk to me.
Flash forward to today: currently served on two CC accounts, which were reported to security as soon as I discovered them (through another attorney's mailing, of all things). Security at office got a ping from DSS for a reinvestigation, so now I'm filling out my SF-86 to outline current strategy. Been advised by counsel that I make too much with current family size to file Ch7, but doesn't want me in a Ch13. Wife is expecting #2 in April, so hence the delay.
Any thoughts out there in cleared land as to any issues/worries/other things I need to be concerned with regarding this? Have I been giving the powers that be enough information to go on to mitigate concerns, or will the adjudicator not care? Just looking for peace of mind. Once we're in the system, I'll have less to worry about, but I just want to be able to move on with as little professional damage as possible. Thanks in advance.
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