Just needing some advice

[okiemom2008]

If you can't pay your bills and can't get more money in at all then I don't know why you wouldn't. Can you work?

I can from home but only make 200 a month. We have a one year old and daycare here is so expensive. I cannot send my son to a cheap daycare..I just cannot make myself do it

And I was figuring numbers and if we filed and everything was gone...our bills would be so low and we would have alot of extra money that we have never had. We would save it to buy a house for cash and not have any debt. But would they track every thing we did with our money (because we would put it in a bank somewhere) from now on??

[okiemom2008]

If we were to file does everything except my student loans go away? Or does it depend on your salary? We owe 28k on the vehicle we have and it is not worth that at all...it it worth 14k according to the car lot we bought it from now since it is a SUV and gas prices and all...

The houses...how do they go about that? I don't want everyone knowing we filed bankruptcy but how would they sell our homes without everyone(noisy family) knowing?

[hopeforus]

If you can't pay your bills and can't get more money in at all then I don't know why you wouldn't. Can you work?

[hopeforus]

My friend was asked if she sold or gave anything away in the last *year*. So it can vary greatly I guess.

I'm planning to sell stuff before we move, like clothes and fabric but when I asked yesterday I was told I just had to make sure to keep track of what I sold, how much, to who and how I spent that money.

So I imagine it could be the same with that? Just have to keep track of everything?

Or for those that know... would it be a flag because it's to family?

[justbroke]

How long do they look back? More than 3 months?

They generally lookback one or two years when it comes to disposition of Property in a Chapter 7. (They can lookback even further in certain cases.)

The main thing is whether you received adequate payment for the value of the item. This is to make sure you didn't just "give" something away.

[okiemom2008]

Anyone reading our story...would you consider filing bankruptcy if you were us?

The thing that has me started on this is that Friday we have 3500 in bills due and my husbands check is going to be 1400 or less. I have never had this happen...I am out of available credit on my credit cards to pay my bills with.

My husband and I both want to suck it up and pay for everything but all the things we have for sale just will not sale. If they would sell we would have all the credit cards paid off.

[okiemom2008]

The Trustee will ask if you sold anything or gave anything away. They are trying to find "money" for the Estate.

How long do they look back? More than 3 months?

[justbroke]

The Trustee will ask if you sold anything or gave anything away. They are trying to find "money" for the Estate.

[hopeforus]

They will ask you if you sold anything. Selling them I thnk is the same as giving them away. I'm not experienced in this but I swear I saw that. And a friend who went through bk said they asked her these things and you are under oath.

[okiemom2008]

Yep. it's a fraudulent transfer, as you're trying to hide property of the Estate.

Ok well I don't even know what to do then. There is no way we would get rid of all of them. I would sell them to family and then maybe be able to buyt them back depending on the family member but that's about it. It doesnt matter because selling the guns would not get us out of debt. We are too deep

The more I look into it the more I think just letting it go to collections is better for us. I don't know..I am just like a zombie these days. My husband comes home from work and we have to search for money just to pay for neccessites. We are so stupid for getting ourselves into this. We dont have anything other than internet so when he comes home we just stare at our bills over and over trying to figure something out. It makes me so mad when I call the credit card companies and they wont work with me until I am 3 months late!

[justbroke]

so what about giving the guns to our family member and then him giving them back after we file bk?

Is this wrong?

Yep. it's a fraudulent transfer, as you're trying to hide property of the Estate.

[okiemom2008]

so what about giving the guns to our family member and then him giving them back after we file bk?

Is this wrong?

[okiemom2008]

We were in your shoes with living off of credit cards. We have been struggling for years. We did not want to file and kept trying to catch up. Well, it has only gotten worse! We will be filing next week, paid the lawyer already, going over papers then. I am a little relieved but still with just our house payment and utilities and 1 car payment we will be struggling. Once my business picks up we will be good to go. We filed before we couldn't pay the bills. The lawyer told us to stop paying, so here we are, can't wait to be done!

Were you able to keep your home? We live in a rental right now but the 2 other houses in other states we own. We are moving again in 6 months because they are transferring my husband.

[dogbone33]

We were in your shoes with living off of credit cards. We have been struggling for years. We did not want to file and kept trying to catch up. Well, it has only gotten worse! We will be filing next week, paid the lawyer already, going over papers then. I am a little relieved but still with just our house payment and utilities and 1 car payment we will be struggling. Once my business picks up we will be good to go. We filed before we couldn't pay the bills. The lawyer told us to stop paying, so here we are, can't wait to be done!

[okiemom2008]

It is just a hard decision to make because we are not the type to just quit when it gets hard. The last resort is bankruptcy

My husband makes all commission so his paychecks vary. Winter months they are better but summer they are not much.

But filing bankruptcy when we are only 500 away from making the bills every month seems like the wrong road in a way...

but on the other hand if we get behind on that 500.00 a month we just keep getting more behind and more behind...

I am hesitant to talk to a Bk lawyer because first, we have no money to pay him, and second, of course he is going to be "for" us filing because that us his job, right?