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    An update

    - We filed Ch7 asset case ($3k from a tax return we had to write a check for) in 1/11.
    - Were discharged 5/11.
    - We didn't reaffirm 1 vehicle and we did the other. 2 months after discharge, we traded-in our reaffirmed vehicle and purchased a new vehicle at decent rate (not pre-BK low, but not 20% and still a much lower payment than we had before, with the bonus of it being new and in better running condition). Financed through GM Financial.
    - We avoided all credit card offers that were secured.
    - Approx 15 months post-discharge, we applied for an unsecured card (Cap One) and got it at a very good rate with no annual fee and rewards. Limit will go up every 6 months with on time payments (we pay it off each month and only use 10%).
    - We also moved and were able to rent a very very nice condo through a large corporate rental group with no issues.

    We are currently in the process of cleaning up some discrepancies on our credit reports, but our FICO is already 100 pts higher than it was pre-BK. We also just paid cash for a second vehicle and are in the process of paying off the first faster and saving for a down payment on a home in a couple more years.

    I found so much hope browsing the forums here and just wanted to share our story to give others hope. Don't give up or get down. We did it and so can you...bk isn't the end of the world, even though it may feel like it!

    #2
    So glad everything is going well. Thanks for posting to let people know there is life after bankruptcy and that the horror stories out there aren't true.
    LadyInTheRed is in the black!
    Filed Chap 13 April 2010. Discharged May 2015.
    $143,000 in debt discharged for $36,500, including attorneys fees. Money well spent!

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      #3
      Thanks for sharing. It's much appreciated.
      Filed Ch 13 Feb 9, 2012, 341 meeting Mar 15, 2012, Confirmed Apr 5, 2012
      Anticipated freedom party Apr 2015

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        #4
        Yes thanks for sharing

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          #5
          Alabama doesn't offer much in the way of exemptions, do they?

          Congrats on your sunshiney post-BK report - those are nice to hear!
          ~~ Filed Over Median Income Chapter 7: 12/17/2010 ~~ 341 Held: 1/12/2011 ~~ Discharged: 03/16/2011 ~~
          Not an attorney - just an opinionated woman.

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            #6
            Wow, sounds like you are doing great! Yes, thanks for the post. Can I ask how long it took for your case to be "closed"?
            BK7 Filed 7/10/12 • 341 8/15/12 • Discharged 10/17/12 • Closed 5/6/13 Thanks to everyone here!

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              #7
              Glad things are going so well for you!

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                #8
                great post
                Chapter 7 Filed 2/28/2012
                Discharged 7/24/2012
                Cased Closed 8/7/2012

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