Quote:
Originally Posted by The Walrus
The first step is realization. Admit that this "friend" is you, and that you are flat ass broke with creditors harassing you. What some alcoholics may call that "moment of clarity".
Strip the house of any valuables, live there for the nextr 6-9 months mortgage free and let the bank take it eventually. Then file Chapter 7 and within a year - year and a half you will be back in golden. Think about it is $15,300.00 in his pocktet ($1700.00 X 9 months). He can use this money to pay for BK attorneys and reaffirm on debts that he chooses.
It happens to the best of them, hence the reason that the protection laws exist in the first place. No, it is not the ideal situation or resolve for most people, however it may be some people's only way out. You must protect yourself and your family before going belly up with nothing on the ass end.
The way the economy is right now, there will be a time in the very near future where banks will be making the same risky loan decisions that they made 2 years ago only due to the fact that so many people have gone beyond 30 days + and that their client base will diminish.
Even the rich are "poor" right now for the most part. I don't mean flat ass broke poor, but not where they were a few years ago that's for sure.
|
lol, sorry bro, it's not me, I'm doing just fine... these people bought the investment property in Orlando, in a shitty neighborhood by the airport, we live in Boca/boynton so it's a heck of a drive to go there, they barely speak Engrish so they had no clue how bad they were getting fucked. Sad.
Just trying to help my Brazilian cleaning people out.
and as far as your theories of "Even the rich are "poor" right now for the most part. I don't mean flat ass broke poor, but not where they were a few years ago that's for sure." is complete crap! I Am a bit better off now than 2 years ago and I was better off 2 years ago then the 2 years before that, and etc.. If your biggest investment is your house, you are a fucking idiot.