****Is the 'best' plan to try to get out of this ourselves over the 8-10 year period, rather than to throw in the towel now (or, in a year) and declare bankruptcy? A judge would probably kicks us out of his court in a hurry saying something like, "three pets, dance and gymnastics for three girls, a Wii, Netflix, $50 bucks a month for mental health therapy and you can't pay your creditors what you owe them? Drop all the things that I mentioned and you can have them paid in 6 years. You are not trying hard enough. Get out of my court-room!" Bankruptcy court sees people in much worse condition. Credit counseling requirement should cover any issues before reaching the court room. If you don't qualify for full discharge of debt, a repayment plan will be setup. This should be the least of your concerns. The dance and grmnastics are debts and don't show in cash flow.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra