My question involves bankruptcy in the state of: Washington
So heres the breakdown:
Unsecured debt 45k
Cars(3) 22 K
First mortgage 177k
Second mortgage (HELOC) 34K
Grand Total $278K
Current Home value 135k
So as it stands now we are 145k upside down between the house and the unsecured debt. Between my wife and I we make slightly too much to pass the means test, but one suggestion that was made was for my wife to quit working. We both commute 2 plus hours a day each and if we are lucky we might see the kids for an hour a day, in addition to this we are not looking to keep the house. Most likely we would reaffirm on the cars but as for the rest we are looking for a fresh start. We are currently getting by but we are just one bad week away from our downfall. Im looking for any insight and/or past experiences that would help paint the picture of what to expect, dos and donts ect.
So heres the breakdown:
Unsecured debt 45k
Cars(3) 22 K
First mortgage 177k
Second mortgage (HELOC) 34K
Grand Total $278K
Current Home value 135k
So as it stands now we are 145k upside down between the house and the unsecured debt. Between my wife and I we make slightly too much to pass the means test, but one suggestion that was made was for my wife to quit working. We both commute 2 plus hours a day each and if we are lucky we might see the kids for an hour a day, in addition to this we are not looking to keep the house. Most likely we would reaffirm on the cars but as for the rest we are looking for a fresh start. We are currently getting by but we are just one bad week away from our downfall. Im looking for any insight and/or past experiences that would help paint the picture of what to expect, dos and donts ect.
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