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  1. #1
    Join Date
    Aug 2012
    Posts
    1

    Default When to Choose Chapter 7 or 13

    My question involves bankruptcy in the state of: Washington
    So heres the breakdown:
    Unsecured debt 45k
    Cars(3) 22 K
    First mortgage 177k
    Second mortgage (HELOC) 34K
    Grand Total $278K
    Current Home value 135k

    So as it stands now we are 145k upside down between the house and the unsecured debt. Between my wife and I we make slightly too much to pass the means test, but one suggestion that was made was for my wife to quit working. We both commute 2 plus hours a day each and if we are lucky we might see the kids for an hour a day, in addition to this we are not looking to keep the house. Most likely we would reaffirm on the cars but as for the rest we are looking for a fresh start. We are currently getting by but we are just one bad week away from our downfall. Im looking for any insight and/or past experiences that would help paint the picture of what to expect, dos and donts ect.

  2. #2
    Join Date
    Sep 2011
    Location
    OH10
    Posts
    17,019

    Default Re: Chapter 7 or 13

    What do you want us to say, that you should attempt to intentionally create circumstances to not pay your creditors money you owe them? Get a second job and tell your wife to do the same. You should have everything paid up in a few years. Some of us work 60 plus hours a week and actually pay our bills.

  3. #3
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: When to Choose Chapter 7 or 13

    If you don't qualify for Chapter 7, file Chapter 13. If you want to discuss games you might play to get around the means test, you should be consulting a bankruptcy lawyer, not listening to whomever is advising you offline (the village idiot) or soliciting advice online based upon a single, short paragraph of text.

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