The Motley Fool Discussion Boards

Previous Page

Financial Planning / Living Under Bankruptcy


Subject:  Considering filing...... Date:  10/10/2001  4:30 PM
Author:  heatherlynn Number:  950 of 1260

Thanks for this board, everyone. I have questions, because I may need to file.

I own a 1.5 year old house that has no equity. I have a car that I owe 6000 dollars on, 1 home equity loan that is at 4700 (15.5 interest), one unsecured loan at 15%, plus credit cards and student loans that are under CCC care.

Now that I have that said, I also have to start taking a $245 per month medicine (my insurance only cover 70% of the cost.) I"m working with the company to be sure I can get it AND afford it. I had to go under their financial plan, and want to pay $150 per month until I get stuff paid down.

What should I do? I do NOT want to lose my house, because right now, I love it, and I live 40 miles from work, so I can't lose my car. I'm considering Chapter 13 in order to restructure EVERYTHING into one easy payment.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us