what would you do?

[floridian]

gawd, i hate the thought of filing bk and i dont sleep at night thinking of alternatives....

im single and retired and the only enjoyment i get from life is day trips on my 2 motorcycles. i live in a small town and have been wanting to move to daytona for years, so that i can see something besides trees...
i own a double wide MH on a couple of acres of land with a fish pond in the front yard, its a quiet pretty area and its friendly to the several cats that ive rescued...

i have about 35000 bucks of cc debt that is killing me and slowly dragging me down, with a minimum payment of about 700 a month...i am current on all my bills..
my biggest expense is fuel, even at 42 mpg....
i could let my harley be repoed and stay where im at and survive... (then my 620 credit score will go even lower and up my homeowners and car insurance, i have been told)

on paper, i have about 15k equity on my residence, which will never sell in the forseeable future, with the current market... i have found a rental house in daytona, that will cost me about 250 more a month and will let me have my numerous pets...this is a rare find in a nice neighborhood...its kind of spooky to rent these days...

i need to move on this house within a week, or lose it...

so the question thats keeping me up at night, is should i stay where im at and struggle along, or do i walk away from my place and move to where i want to live and go thru the hell of bk?

im right on the cusp of a 7 or 13 because of my salary....

i sure could use some creative ideas right now... my friends want me to stay here, but its kind of like "misery loves company"...am i going to kick myself for not getting a write off on my place and get the hell out of this place?

what would you do, ive got to move fast?

[jgordo52]

Me, personally, when I first decided that I wanted to file for bk the only thing I thought of is what would be the best for me and my future. I was living paycheck to paycheck, still am, but was using cc's to fund groceries because I paid so much in minimum payments a month. I finally decided filing was the only way I could get free of everything. I am keeping my home, car (paid off), and will enjoy a fresh start. I am filing in about 10 days and after it's all over and done with these last 6 months paying everything by cash has been a HUGE eye opening of how above my means I was living. It's really hard to worry about how you're going to pay certain things and affects me probably more than it should. I have done the ramen noodle diet, say no to family things including going to Christmas in Wisconsin this year because I can't afford it, but in the long run it'll be what's best for me. To each their own, but don't focus on what your friends think or anything like that. It's what you want, and what will be best for you a year from now and down the road. Hopefully we all have learned alot from our experiences and will help us in living conservatively in the future. I still have my doubts on me if I can do it, but I have no choice, I have to.

Good luck to you,

Jeff

[junker]

i was in a similar situation, i bought a mobile on a acre in florida, lived there for 3 years, and wished everyday i could move back to california, i am also retired. i say go for it. at our age you need to do some of the things you WANT to do. i took a loss on our place there, and moved back to calif. and am renting. and loving it. yes in florida your insurance will go up with bad credit. my insurance on mobile doubled from 800 yr to 1700. good luck

[Mi Bankruptcy]

It sounds you like you need to make a pro/con list and see where you end up. Do that with a want/don't want list. Make sure to factor all the cost of living stuff before you move.

In order to make a better or informed decision you should also visit some attorney and find out what you would actually qualify for in regards to BK 7 or 13? This will also help you make your decision.

[floridian]

i have made a pro-con list and its about 50-50.... the biggest con, is that it will cost 250 more a month for rent and the hastle of moving furniture by myself and the deposits for utilities...
the pro, is that this is one more boring place i live in....
im thinking that the 35k in cc is almost impossible to pay off.....

[Mi Bankruptcy]

I concur on the almost impossible to pay off. After my last hospital stay.. It nailed my decision for me/us. My wife didn't like the idea. I said we have been paying on over 30k of CC debt. This was a business decision for our future. I would like to retire in 30years. I don't see that happening for me unless "we start over" and save and invest.