@Anonymous wrote:
@CreditCuriousity wrote:Surprised at how many people are saying Chap 7 BK as a possibility.. I never had to file it nor hopefully ever have to.. OP might make to much for this to be an option and then BK13 comes into play if I am not mistaken. Just because someone doesn't want to pay a debt Chap 7 BK isn't an option if you make x Amt of money. As stated no expert to BK's as never filed, but alot more peeople would file BK 7's if they simply wanted to get out of debt when in reality they can afford to slowly pay off things although it is painful. OP case is pretty extreme, but many people on here could run up 75k in CC quickly and be in a world of trouble as well as alot of people on this forum has 250k-500k in credit and more and not the income to support it if they decided to go wild. Understand this is a medical issue, but i don't think that changes any rules whether BK7 is a possibility or if they would have to go route of bk13 which obviously must be repaid, but obviously the interest would stop (I believe)
i get your point, but not everyone who falls under debt are fortunate like you, everyone's story is different. OP is looking/asking for help/advice and we are doing that by giving her options and what's available on the table to get out of debt. It is ultimately her choice to decide what route she wants to take. Her income is $55k by the way.
Back to the topic, what is your advice?
He is merely stating that people are quick to give advice of BK7 when the OP stated earlier they have chunks of cash to apply to debt and that doesn't sound like a hardship although the $75k is.
Are these cards in your name only? How's hubby's credit look?
@CreditCuriousity wrote:
@Anonymous wrote:
@CreditCuriousity wrote:Surprised at how many people are saying Chap 7 BK as a possibility.. I never had to file it nor hopefully ever have to.. OP might make to much for this to be an option and then BK13 comes into play if I am not mistaken. Just because someone doesn't want to pay a debt Chap 7 BK isn't an option if you make x Amt of money. As stated no expert to BK's as never filed, but alot more peeople would file BK 7's if they simply wanted to get out of debt when in reality they can afford to slowly pay off things although it is painful. OP case is pretty extreme, but many people on here could run up 75k in CC quickly and be in a world of trouble as well as alot of people on this forum has 250k-500k in credit and more and not the income to support it if they decided to go wild. Understand this is a medical issue, but i don't think that changes any rules whether BK7 is a possibility or if they would have to go route of bk13 which obviously must be repaid, but obviously the interest would stop (I believe)
i get your point, but not everyone who falls under debt are fortunate like you, everyone's story is different. OP is looking/asking for help/advice and we are doing that by giving her options and what's available on the table to get out of debt. It is ultimately her choice to decide what route she wants to take. Her income is $55k by the way.
Back to the topic, what is your advice?
Her income is 55k and husbands is around there or a bit more i believe if I read above. so about 110kish together.. Bk7 might not be an option. My advise was posted above on another post. Whether it was good or not is subject to debate. I don't disgree this could happen to me or anyone as well as medical is unexpected and you could be **bleep** sure I would charge 200k to cure me from say cancer if that was my options and then we know what would follow and that would be a BK. Extreme situations cause for extreme measures and I don't disagree with that, but taking the easy way out isn't always the best way if you understand what I am saying. Anyways, back to topic to help op.
Good point 