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Once your attorney petitions for filing a bankruptcy, some of your creditors might call you to make a deal. Chase offered to let me repay just 20% of what I owed them, for example. The problem with that is that all of your creditors need to be treated equally in a bankruptcy, and some of my creditors, 1 in particular that I owed a significant sum to, wasn't willing to negotiate, other than to reduce the interest to 10% APR. The particular creditor had themselves filed bankruptcy, so they may have been subject to some court ordered stipulations.

If you file a Chapter 13 and you get a job, you may need to evaluate how you have income tax withheld. Any tax refund I may receive over $750 goes to pay creditors, over and above what I must repay under the plan.

Also, if you file a Chapter 13, any loan you might apply for, until you finish paying out the plan, needs to be approved by the court. I need $4000 to $15000 for some pretty urgent dental work and I really should have some polyps removed, as they are prone to turning to cancer, which would probably cost another $4000, if the polyps aren't cancerous. My health insurance has a $9000 deductible - best I could afford, and I am around 1 1/2 years away from Medicare. I am, pretty much, stuck between a rock and a hard spot. I am trying to work through it as best as I can. Yesterday the ignition switch on my 1992 Ford Escort that I use to get back and forth to work went outs, another $237 expense to repair it that I didn't need to fall. I also am around $5000 behind in what I owe the IRS for 2012.

It's getting closer to crunch time, believe dat.

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