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Let me just add to the other comments that with your BK, your credit rating is toast. Since DW has at least one late fee according to your comments, her credit rating is probably not outstanding either. But it is what you have to work with, so you will want to protect it at any cost. After seven years of clean credit living, you can venture back out into the sunlight, but until then your family will be dependent on DW for credit.

It sounds like you tapped every possible source of money to subsidize your spending, from your parents to your home equity to your 401k. You need to address all of that, and if that means that the kids get homemade gifts this year instead of the latest electronics, then so be it. Use it as an educational opportunity to explain the pride and pitfalls of money and credit cards. Maybe they can help out this summer with a lemonade stand. Or maybe you or DW can take on a second part time job to help bring in more cash.

Is there anything that can be sold? Anything that you can avoid paying? It can be very humbling to admit that you can not afford to do something, but you have to swallow your pride and realize that even with the BK you are far from breaking even and the whole family is going to have to make sacrifices to get there. This board can help, if you have a strong constitution, by going through every aspect of your financial life and letting you know when you are doing things right and where you can make changes for the better. It's tough Foolish love, but it is yours for the taking.

Fuskie
Who naturally spent more than he budgeted down at Disney last week...
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