The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Crazy Machine - Part II Date:  6/9/1998  12:53 PM
Author:  cable666 Number:  2186 of 309855

Thanks for the feedback, both harsh and encouraging. In my defense, I would like to make some points.

First Point: I have not filed for BK. I am considering it as a worse case option. I have not filed because I still have options open, and there is still room to manuver. I realized that at best, I will have late payment history on my CC's, and at worse, BK chapter 7.

I owe the CC's a lot of money. I know that they were not going to be very nice to me when I went delinquint. My 401K assets were considerable enough to hire a good att