Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do: (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.

Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Totally confused, need advice.

  • Filter
  • Time
  • Show
Clear All
new posts

  • Totally confused, need advice.

    I'm pretty sure we make too much for Ch 7 and will have to file a Ch 13. We want to surrender our house s we have bit off more than we can chew with that and a car payment of $675/mo. along with credit card debt. Should we stop paying on the house before consulting an attorney? We aren't able to save a dollar a month right now and I have a high risk pregnancy without any disability coverage if needing to be out on bedrest or after delivery so I'm not sure what we will do $ wise then if we kept the house and car. Hoping they can do a cram down on the car so we can at least keep that. My main concern is we have to have somewhere to live and around here that means renting. When should I look into renting an apartment? Before we file? Would they even see the bankruptcy listed that early if we wait until foreclosure is threatened before filing? Sorry for all of the questions. Any thoughts or ideas are appreciated.

  • #2
    One thing I always caution people on who are considering surrendering a purchased house is to compare the monthly cost of ownership to the monthly rents in your area. In many areas, it costs way more per month to rent a similar home than it does to own, and I am not just talking about the mortgage payment, but the total "loaded" cost of ownership. For example, I bought a house this year with a monthly mortgage payment of approximately $925. Yes, I understand it costs more than that to own the house, but similar houses here rent for $1200 to $1300 a month, so it's way cheaper to own than to rent. Even if the market craters, and the house becomes worth a lot less than I paid for it, it's STILL cheaper to stay put than to move out and pay rent.

    The only time it makes sense to surrender a house is if you need to move to another city, if the house needs major expensive repairs which you cannot afford, or if you have taken out multiple loans against the property. In some of these cases, it may still be cheaper to keep the house than to pay rent, but the need to relocate, or the inability to fund major expenses could overcome that.

    You also have an extremely expensive car payment, together with an unknown amount of credit card debt. Those are the two areas you should focus on eliminating. A recent article from the Associated Press said that the average monthly car payment has increased to $450, a figure I consider outlandish enough. Yours is even higher than that! I prefer to buy inexpensive older cars, and not even have a loan. Even if driving an old car is not for you, it should be possible to buy something sensible, such as a used Toyota Corolla or Toyota Camry from a reputable dealer with a payment of $250 a month or so. A $675 monthly car payment is beyond absurd.


    • #3
      bcohen - Hi, I totally agree with your advice. I live in WA state where are our house prices are rising daily and it's a seller's market. Staying put in our home is the right thing for us because the price to buy a new house is too high right now (I don't want to go backwards from where we are - less square footage, higher mortgage) and with the hot market, rental houses are getting hard to find and are getting costly. I agree with weighing the options before surrendering the home
      Filed Chapter 13 - 07/20/12
      Discharged 8/2/16


      Unconfigured Ad Widget