See Below for updates ....
Soooooooo after advice on this forum I sat , Iv'e decided to go ahead and file Chapter 7 in
November! Now filing in Febuary After reading here over the last week and then consulting with a lawyer yesterday. We spoke for about an hour, he was very knowledgeable and I explained to him that I read ALOT of these forums. He advised that was my best option making 38k with 73k+ in debt, and reassured me theres life after bankruptcy. He instructed me on some of the normal things lots of members are told (stop paying debt and save, catch up on necessities and still purchase my usual essentials). I told him I have conflicted myself with questions like "do I pay my car insurance or get groceries?" or "Will I have enough money to get gas for work?" just based on trying to stay current, having a prior garnishment to make up for as well.
I plan to use this post for updates on my Chp 7 journey, so far the plan is to:
- Will be filing though legal plan at work ! $500 for court cost and filing.
Catch up car payment Capital 1 Auto ($770) and retain and pay when I file (Car worth $10,000-$11,000/ Balance in 11/19 should be @ $13,065 with high interest) Decided to give up the car during bankruptcy still have it Currently
Have to file my 2018 taxes Done 11/2019 - August -January Paystubs - November - January Bank Statements - Switched back to NFCU and closed secured card with them -Pay back $200 to my brother (Lawyer Ok'd since not over $600) Done. Updated 09/09/19
I'll keep you guys posted & thanks for being so helpful and supportive !
HAPPY 2020 FRIENDS !
I have updates, I will now be filing through my legal plan at work so don't have to shell out $2,050 thank goodness ! Consultation is tomorrow, I've printed my bank statements and paystubs. I plan to gather all the old collections papers I can find tonight. Doing the math I'm at $83,967.94 in debt right now, most will be discharged except taxes and 28K of student loans. I'm sooooooo ready to do it and be done.
Officially have all my steps done, counseling and all and FINALLY dropping everything remaining at my lawyer tomorrow morning. Her assistant is saying it should take her about 24 hours to get everything entered .....Filing by Monday hopefully !
Hey! I'm in the same boat as you... I met with my lawyer and I plan to save up $1950 and file in December. Im going to focus on saving and just paying for my necessities. I stoped using and paying the cards as my lawyer suggested and just use that money to save up. I changed bank accounts and currently using chase and ally online account. I'm buring boa , navy fed, citi, discover, security service.. about 70k in credit card debt and i make 52k. I do live in Texas and own my home and my car is paid for.. Im doing this for me and I don't feel bad for the cc companies. They prey on people. Cheers to new beginings!
Im burning Cap 1, US Bank, FNBO, NFCU, Comenity and local FCU from an old car. But I've done all I could. You make a good point that my lawyer also made, these companies file BK all the time and no one bats an eye. It's a constitutional right to have this relief. Im in Nebraska no looking to buy a home just yet I know it will be possible later !
Yes Cheers my friend best of luck to you ! Ill keep this post updated as I go !
My lawyer was telling me he can recommend a few cheaper lawyers with lower retainers but he made me totally comfortable. I don't mind paying a bit extra I guess in this case lol beats paying $73k+ . Did you do your MOC yet ? Im so anxious to file and get it over with lol gonna save as much as I can and get er done !
Good luck to you !
Ohhhh yea, im in Omaha so trying to find a good credit union to switch to and then just saving to file. The anticipation is killing me lol Sticking to my budget ill be filing in mid November. I just keep thinking .......... it might be snowing by then lol driving to court house downtown ........in the snow ............ not ready for it lol