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I feel like my life is on HOLD!

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    #1

    I feel like my life is on HOLD!

    I have worked on my real estate business the last 2 years. Because of my financial down turn of having 1 house foreclosed on and 2 on the way and a possible deficiency judgement within the next year which will force me into bankruptcy. I wanted to go back to corporate life to restore my life and recoup my loses.

    I would be going back to a 6 figure income. I'm wondering if this is actually wise, and maybe I should wait until the creditors make their move before I start aggressively rebuilding my life.

    I'm just trying to look out for my best interest. I'm at the age where I've got to make all my dollars count.

    So my question is: start rebuilding now or patiently wait till all these legal processes come to their conclusions?
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    #2
    I vote for patiently waiting. The time to rebuild is after discharge, unless you want to use that six figure income to avoid BK altogether.

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      #3
      Thank you for your vote.

      I wish I could avoid BK altogether, I couldn't make the money quickly enough to satisy the lenders, I'm too far gone.

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        #4
        Originally posted by Shaoline View Post
        Thank you for your vote.

        I wish I could avoid BK altogether, I couldn't make the money quickly enough to satisy the lenders, I'm too far gone.
        Sounds familiar... there's something wonderful about that realization, though - it's the turning point to a much happier existence. I'm a few months ahead of you and as awful as the BK process is it's absolutely worth it.

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          #5
          Originally posted by Help! View Post
          Sounds familiar... there's something wonderful about that realization, though - it's the turning point to a much happier existence. I'm a few months ahead of you and as awful as the BK process is it's absolutely worth it.
          Gosh, that is so true!
          May 2008 Hired 1st Attorney/Stopped paying CCs
          May 21, 2009 Retained 2nd Attorney
          May 28th - Filed for Ch 7 (FINALLY!)
          9/11/09 - DISCHARGED!!!!

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            #6
            Originally posted by Help! View Post
            Sounds familiar... there's something wonderful about that realization, though - it's the turning point to a much happier existence. I'm a few months ahead of you and as awful as the BK process is it's absolutely worth it.
            Clap, Clap, Clap. YES! So many people looking here and worrying themselves unnecessarily. Of course it is hard on the ego, pride, et.al. BUT get over it. The REAL healing starts with realization of the problem. 'Hub
            If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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