Just needing some advice

[okiemom2008]

You are just one lost paycheck away from disaster or an illness away from disaster. Once you started to have to use credit and credit cards to survive, that was your indicator that you were headed down the start of the black hole to insolvency. You are sitting on a lot of money with those guns and you know it - that right there could be your ticket out of the mess you are in and you may get to the point and realize they are only material items even though you don't want to give them up; the other is to investigate seeing if you are eligible for BK. THe main thing is you realize something needs to be done and you can't go on this way forever because eventually it will all cave in.

Yea the guns are worth some but they are worth alot to us because of the being passed down. But they would probably not bring much to someone else as they have no value to them.

If our 2 houses and truck would sell we would be fine...but they are not selling and even the realtor said the house would probably have to be rented or owner financed which means I have to rely on someone else to pay the mortgage and not destory it...

[okiemom2008]

How long have you been in Kansas? I believe you need to reside in the state for at least 90 days before filing there.

Go here to this link to look up the means test for Kansas:
http://www.legalconsumer.com/bankruptcy/means-test/

We have been here almost 60 days

[Flamingo]

You are just one lost paycheck away from disaster or an illness away from disaster. Once you started to have to use credit and credit cards to survive, that was your indicator that you were headed down the start of the black hole to insolvency. You are sitting on a lot of money with those guns and you know it - that right there could be your ticket out of the mess you are in and you may get to the point and realize they are only material items even though you don't want to give them up; the other is to investigate seeing if you are eligible for BK. THe main thing is you realize something needs to be done and you can't go on this way forever because eventually it will all cave in.

[StartingOver08]

How long have you been in Kansas? I believe you need to reside in the state for at least 90 days before filing there.

Go here to this link to look up the means test for Kansas:

http://www.legalconsumer.com/bankruptcy/means-test/

[okiemom2008]

and if we did file, which state would we file in?

Texas where first house is
Oklahoma where second house is
Kansas where we are now

[okiemom2008]

Hi everyone...My husband and I are in a financial mess. We are 23 and 25 with a one year old. We had a good job making 52k in Texas and had a mortgage on a house we bought when we were 18. We have never been late or missed a payment.

We decided to start our own business and move to Oklahoma. We put the house up for sale in Texas and bought a house in Oklahoma(30k mobile home on land) We put all our retirment money and all our savings into the business and lost it. There is much more to the story but we joined a class action lawsuit against the people we "worked for"

We then tried to get the old job back and they gave it to him but in another state. So now we moved to Kansas and are working here.We have lived on credit cards and paid bills with them as the salary does not pay the bills.

We have talked about bankruptcy on and off for the past 6 months but decided to suck it up and work our butts off. I called credit card people but since we have not been late they cannot do anything to help us other than turn the account off. They are still getting overlimit fees, late fees ect.

We have our first house in Texas for sale...just heard from the realtor today that he thinks there is no way anyone will finance it since he has been trying for almost a year. Lots of people wanting it..but no banks will take the chance with it being a singlewide mobile home on some land. The home loan payoff is 22k and the land is 15k. Realtor wants us to owner finance it..we are considering it but want to sell it outright to get the extra money to pay off the credit cards but realize it probably is not going to sell

We have our second house that we bought for 30k. Mobile on land. We have someone who says she wants to buy it but not sure how that would go. We owe 15k on it. So we would make 15k on it if we sold it.

We have a 2008 vehicle that went down in value tremendously with it being a SUV. It has 40k miles on it, 30k is what we bought it for, worth 14k(car lot told us this)

We have 32k in credit cards at 650.00 a month in minimum payments.

We are not late on anything YET. But we are out of money. Our bills ad up to be 4100 a month and we bring home about 3600.

We are desperate for something to happen. The credit cards are just piling up and we called and tried but they will not work with us until we are 3 or more months late on payments.

We also have the "work truck" that we bought for 11k with credit cards(0%apr) and it is for sale. No calls on it though and it is depreciating everyday....

We have probably 1000 worth of furniture
probably 2000 worth of clothes..if even
and we have tons of guns that are passed down in the family...and this is a big issue with filing bankruptcy because we dont want to get rid of the guns that have been passed down to us.

Should we file or just continue to be late and let everything go to collections?