No. of Recommendations: 0
Read today's (98/05/27) Fribble about bankruptcy. As I am listening to adive from various sources I also step into their shoes and ask, "What's in it for me?" In the case of your attorney you'll find that his advice is bias by his fee to file a chapter 7 bankruptcy. This bias isn't saying chap 7 may not be best, but it is saying he has a vested interest in your decision. A book you definitely want to read is "How to get out of debt, stay out of debt, and live prosperously -- Jerold Mundis" (hopefully I spelled his name right). This book should be available at a library as well as a book store. If you try to pay them off, and not use an attorney, or go bankrupt, I'm not sure how nasty the creditor(s) can get at coming after your 401(k). Any bankruptcy attorneys out there who can say how to protect the assets, not go bankrupt, and still pay everyone off?

~~paul
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