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BK7 Journey

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Contributor

BK7 Journey

So I needed $2K for a BK attorney which I didn’t have so I got creative. I closed all of my secured cards and got my deposits back totaling $700 and swallowed my pride and asked a close family member for the rest. To my surprise they said yes. They had actually filed themselves before so they fully understood. So now I just need to narrow down which 1 of the 7 lawyers to go with to file my BK7.

Message 1 of 82
81 REPLIES 81
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Regular Contributor

Re: BK7 Journey

Ahhh I'm so proud of you for approaching a loved one for help, and happy you received it. I was surprised that the few people I told about my filing had either filed themselves or wish they had the courage to do it themselves. There is so much unnecessary shame surrounding bankruptcy and it shouldn't be that way. 

Good job making a choice you feel solid about and getting it rolling! 

FICO Scores
5/20/2019: EQ - 568 TU - 591 EX: 589
Message 2 of 82
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Contributor

Re: BK7 Journey

Today has been another hectic day in the search for the right lawyer. I’m being so picky because for one this is my life in their hands and two because it’s $2K I’ll be handing over. I’ve narrowed it down to 4 lawyers now and I’m just waiting on a call back from one of them to see if they would even take my case. Hopefully I’ll have a decision by end of day.

Message 3 of 82
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Valued Contributor

Re: BK7 Journey

I know it's a difficult decision.  I would pick the lawyer who is able to save as much of your assets as possible, yet make it legally a Chapter 7 bankruptcy.  I feel like reading up what's "exempt" in bankruptcies might be beneficial.

FICO 8: EQ 800; EX 797; TU 793
Message 4 of 82
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Contributor

Re: BK7 Journey


@donkort wrote:

I know it's a difficult decision.  I would pick the lawyer who is able to save as much of your assets as possible, yet make it legally a Chapter 7 bankruptcy.  I feel like reading up what's "exempt" in bankruptcies might be beneficial.


Well the good thing I have “Zero Assets”. So should I just focus on the cheapest lawyer?

Message 5 of 82
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Valued Contributor

Re: BK7 Journey

That's a good question.  I would pick the lawyer you feel best about. 

 

If I were in your situation, I might pick the cheapest----but that actually might not be the best idea.  You want a lawyer who you feel would be on your side.

FICO 8: EQ 800; EX 797; TU 793
Message 6 of 82
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Contributor

Re: BK7 Journey

Well I finally picked an attorney. This guy has been great and I’m not even his client yet. He has great reviews online and over 20 years of experience. He even gave me a veterans discount. I will be retaining him on Tuesday.

Message 7 of 82
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Frequent Contributor

Re: BK7 Journey

I got lucky. The only lawyer I looked at was it. It may seem like a lot, but when you can save spending a ton of money. I spent $2k as well for mine. In the end, it wiped out like $110k of debt for me. Cheapest isn't always the best. Usually you get what you pay for. If the lawyer gives you a warm feeling and his/her background can back it up. Time to move forward. Lets get it done. 


1 Yr Post DC


30 day post DC
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INQUIRES
Currently rebuilding. Cards aren't worth bragging about yet.

Message 8 of 82
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Contributor

Re: BK7 Journey

Hey everybody...I was informed today that before my case is filed Inhave to take an online course geez. My lawyer said that’s a part of the process and that the course is really easy.

Message 9 of 82
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Valued Contributor

Re: BK7 Journey

Pain in the butt---but that seems to be part of the process.

 

What's really a pain in the butt, apparently, is the paperwork.

FICO 8: EQ 800; EX 797; TU 793
Message 10 of 82
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