- July 1, 2008 at 6:19 pm #259252
Before you go to an attourney go to consumer credit counciling. Save your respectability and your peace of mind. They charge nothing.
They will help you get back on track. It won’t be easy or done overnight. You only want to go bankrupt as an absolute last resort.
— On Wed, 7/2/08, Ellen
Subject: Budget101.com : Re:Big Decision/bankruptcy
Date: Wednesday, July 2, 2008, 6:08 pm
I hate to burst your bubble but you are both wrong. Yes the laws
changed in 2005 to reduce the amount of abuse being found in the
system. I work for a bankruptcy attorney and only in a chapt 13 do you
pay on secured creditors.
You dont pay anyone in a chapter 7 unless it
deemed by the trustee as an asset case. Then you must had over your tax
refunds and stimulas checks to be parted out among the creditors.
Bankruptcy is a tough decision to make, however, it is your legal right
and remedy. Dont listen to what is on the boards, get a consult with an
attorney and find out exactly what your situation calls for.
is unique and requires the right attention in order for it to be
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