This probably sounds like a silly question - but I wanted to cut to the chase. I've kept my minimum payments up on all my credit cards (no lates, nothing), but I lost my job in December and though I've got some money in the bank, it will run out soon. My wife makes enough money to cover the basic bills, but not the credit cards, so I've been tossing around my options, the best being a Ch. 7.
I've inventoried all my property and it's all what would be considered to a buyer as "junk" -- old furniture, a 12-year-old car, old appliances and furnishings -- junk. Except for my TV, I bought it about a year ago for $1,100. What are my odds of keeping it? I'm not going to fight over it (I could use a old one), but it's the only thing I own that I would fear losing since it's passed the $750 per item.
I've inventoried all my property and it's all what would be considered to a buyer as "junk" -- old furniture, a 12-year-old car, old appliances and furnishings -- junk. Except for my TV, I bought it about a year ago for $1,100. What are my odds of keeping it? I'm not going to fight over it (I could use a old one), but it's the only thing I own that I would fear losing since it's passed the $750 per item.
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