Well today was the day we have been hoping would come. Discharge day. With over 200k in CC's and a line of credit, combined with a totally upside down HELOC of 135k we are done. We also feel extremly lucky and blessed. We are in good shape. We have two good paying jobs, two paid for cars, well funded 401(k)'s, yes even after what has happened this week as well as a nice modest pile of cash in the bank. We are still in our home that we haven't made a payment on since March so we are looking at probably another 5 months before we have to leave at the earliest. Living rent free is kinda fun after what we went through the past two years. Countrywide hasn't done anything yet. That will probably change soon now that we have our discharge. Also found out today that my son in the Army is not going to be deployed until at least July. We thought it was going to be much sooner. We have much to be thankful for. Good luck to all.
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Filed Ch 7 - 6/30/08
341 Meeting - 7/31/08
Discharged - 9/30/08
Closed (finally) - 2/10/09 -
Congrats!
Enjoy the fresh start.
Filed BK (Ch. 7) 6/2/08
Discharged!! 9/24/08
Closed..the end! 10/1/08
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Congrats, good luck on the fresh start
May 31st, 2007: Petition Filed by my lawyer
July 2nd, 2007: 341 Meeting Held
September 4th, 2007: Discharged and Closed.Comment
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That is what we like to hear. CONGRATULATIONS!!! Here you go:
"To go bravely forward is to invite a miracle."
"Worry is the darkroom where negatives are formed."Comment
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Way to go Slam22!! Celebrate each day of your new beginning!! Awesome!!Comment
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Congrats to you and your family. And please, tell your son THANKS for keeping us safe.... Best of luck to you and your family..Comment
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Congratulations!
Filed C7 12-09-08
Discharged 5-15-09
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Good luck with your fresh start!Comment
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That's a HUGE HIGH FIVE on your success!
How do you get to live rent free? I am thinking about including my mortgage in the BK. Will I be able to stay here for a long time if I do? That would help tremendously if I could go for a long time and save up money for a car and a new place to live.Comment
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Our mortgage company (Countrywide) has of this date not taken any foreclosure action against us even though we haven't made a mortgage payment since March. Once they get around to it in Southern California they must first file a Notice of Default. Once that happens you have between 4 and 5 months before the process is complete and you have to leave. That is assuming that everything proceeds in a timely manner. So until all of that happens we are and will continure to live rent free. All we are paying are utilities and insurance on the house. It is really helping us big time in that we are socking away as much cash as we can before we do leave.Originally posted by debtmonster View PostFiled Ch 7 - 6/30/08
341 Meeting - 7/31/08
Discharged - 9/30/08
Closed (finally) - 2/10/09Comment
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Why do you bother paying the insurance on the house if you're not paying the mortgage? Let the mortgage company pay it. I would just pay the utilities and nothing else.Comment
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Well the house is still in our name. Now that we have our discharge if they paid the insurance they could bill us for it. It would be considably higher than what we are paying now.Originally posted by debtmonster View PostFiled Ch 7 - 6/30/08
341 Meeting - 7/31/08
Discharged - 9/30/08
Closed (finally) - 2/10/09Comment
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If you're not paying the mortgage, why would you pay the insurance? I still don't get it. I wouldn't pay a dime. I would stay there for free until the sheriff came and kicked you out.Comment
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