Hi to all,
A couple of questions if anyone can help.
My company has just laid off 1,800 people (fun times aren't these!?!).
In addition, my husband works in AK and we are going to move there because we will be losing our home and he has had to pay to fly back and forth. If we live there, we won't have the expense for him flying and we can survive on his income if we aren't paying credit card bills. Things have been bad for my income for quite some time, and we have just been hanging on but now things are a complete mess with not having a job.
We have missed our first payments on credit card debit last month (Oct) after years of never missing one payment. Unfortunatley we have made some major mistakes and have a large amount of unsecured debt, especially since the companies have upped the APR to 30%+. We are not planning to file until July 1st in Alaska so that my one last commission check that I will receive in December will drop off and we will qualify for Chapter 7 after 6 months. I have read where some people have been able to hold off the lawsuits/wage garnishment for some time and am wondering if we will be able to make it until July 1st. Any feedback or advice is very much appreciated.
Also, if we qualify for the means test, we can file Chapter 7, even if in the past in sales I have done well??? I mean, just because there was some good times is no guarantee of the future earnings, especially in these hard times which I think will be looked upon later as another deep "Depression" (Not just a recession).
Any help or feedback on any of these issues is much appreciated.
I pray for everyone that is going through these hard times. I know most people never thought or expected to be here and I have to think that everything does happen for a reason and that our lives will be much better in the future after we get through this horrible time and, personally, will NEVER touch a credit card again in my life. I now view them as pure evil.
Take care to all going through this.
A couple of questions if anyone can help.
My company has just laid off 1,800 people (fun times aren't these!?!).
In addition, my husband works in AK and we are going to move there because we will be losing our home and he has had to pay to fly back and forth. If we live there, we won't have the expense for him flying and we can survive on his income if we aren't paying credit card bills. Things have been bad for my income for quite some time, and we have just been hanging on but now things are a complete mess with not having a job.
We have missed our first payments on credit card debit last month (Oct) after years of never missing one payment. Unfortunatley we have made some major mistakes and have a large amount of unsecured debt, especially since the companies have upped the APR to 30%+. We are not planning to file until July 1st in Alaska so that my one last commission check that I will receive in December will drop off and we will qualify for Chapter 7 after 6 months. I have read where some people have been able to hold off the lawsuits/wage garnishment for some time and am wondering if we will be able to make it until July 1st. Any feedback or advice is very much appreciated.
Also, if we qualify for the means test, we can file Chapter 7, even if in the past in sales I have done well??? I mean, just because there was some good times is no guarantee of the future earnings, especially in these hard times which I think will be looked upon later as another deep "Depression" (Not just a recession).
Any help or feedback on any of these issues is much appreciated.
I pray for everyone that is going through these hard times. I know most people never thought or expected to be here and I have to think that everything does happen for a reason and that our lives will be much better in the future after we get through this horrible time and, personally, will NEVER touch a credit card again in my life. I now view them as pure evil.
Take care to all going through this.
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