Don't do it! Please read

[dealingsdone]

i have found this thread interesting...i am glad it has stood....

[BKOnce]

Alrighty, everyone chill...

CPA = Certified Public Accountant,.. that's one I know for sure!

[BKOnce]

....

[AngelinaCatHub]

i have found this thread interesting...i am glad it has stood....

Well, it is one person’s opinion, and if it truly works, or the OP feels it has, that is good. The OP posted it in the correct forum so unless the participants really got hostile (which offends others and is no use to anyone) the thread should stay open.

I myself cannot imagine a 250K CC debt as fast as the OP gathered one and then wants to stick the creditors, but it is a character thing. I could not do this, and am blessed to get out of my mess and appreciative of my NEW START, and will not allow myself to go under again.

Creditors do not drag you off the street and force you to purchase WallyWorld Chinese junk on mortgaging your future. Only Government can get away with this kind of abuse. For us, it catches up in some way. Sometimes in a legal way. I have a god-daughter who served a term in prison for fraud with cards and washing checks. Sooner or later……….

Only my opinion. ‘Hub

[krielly]

I couldn't be more chill.........lol!

I don't take any of this stuff personally. Life's too short and I've got bigger things to stress me out than posts

K

[maddog2112]

Well TLK, I wish you luck and am curious to see how your case goes. I can certainly see how you would like to stick it to the cc companies even though the morality of it is questionable. On the other hand from my point of view, I`m paying back 80% of 120k unsecured debt at the same time as I`m bailing out all these criminal bankers as a taxpayer.All these banks don`t want to payback there gambling debts, but they sure want us to pay back ours. With the government assisting as much as possible of course. Why don`t they shorten our payback time or give some more leniency on our disposable income to make a successful 13 more realistic. I`m 30 months into a 60 month plan and certainly share your frustation. I guess the old saying, good guys finish last applies here. I too get tired of following the straight and narrow road sometimes when I see all the Big bankers and wall street investors being able to walk away from their debts and even receiving government bailouts. One things for sure, life certainly isn`t fair!!!!! P.S. I wish I could type as fast I think, as I would certainly have much more to say.

[floridian]

that does it, im offended!!!

im not sure what im offended about yet, so let me read this again... but im sure that im offended..

actually i find it interesting... a chap 13 is probably a walk in the park, if you are youthful and have a bunch of years yet to work, sort of the price of doing business..

however, if you are retired or want to be, its like spending your golden years in debtors prison..

weather a CPA would do me any good, is questionable... actually, thats what im getting for the money that ive spent on my bk lawyer... until i decide about what im willing to accept as far as bk, my lawyer is keeping the wolves off me...

time will tell..

[TLK]

Thank you to those with an open mind

Thank you Dealingdone and others who have an open mind to dealing with the situation that we have got ourselfs into. I was here on the forum a year ago or so looking for answers like hundres of others trying to find an alternative to filing BK. I was scared stiff and didn't know where to turn since it was my first experience with dealing with this situation.I didn't have anyone to share my miserable experience with (other than my wife) so it made it that much tuffer to deal with. I'm 50 years old now and had a excellent credit rating up to 2006, then I had a dramatic cut in salary along with over whelming credit card debt. I had a bad situation when I started to build a house in 2000. I had thousands on dollars of building material stolen from my lot when I was building, but had to continue to build to finish the house. In 2005 I finally sold my house after being on the market for 3 years because I knew of the rising credit card debt i was incurring. Property taxes were eating me alive @15,000 a year for 5 years ($75000) and I was putting that on my credit cards. Not to mention college tuition and other things all on the card. The BK Chapter 13 was the only choice I thought I had at the time. The decision I made to dismiss my case was the best move I could have made. I can now continue to send my daughter to college (13 does not recognize college as a acceptable expense) and spend my money the way I see approiate not the way the BK system sees fit. If you can't make it on a unrealistic payment schedule (manadatory by BK law to participate), then look into a CONSUMER PROTECTION ATTORNEY. Some people on this forum believe that I am an attorney pitching my services which couldn't be furthest from the truth. I am a average working individual trying to make a honest living. What I don't understand is why some people on this forum won't consider what I am doing with a CPA (consumer protection attorney) to be an acceptable alternative to BK??? If you were to look into all the rights that you have as a consumer and the laws that protect us from collectors, you would see that this is a viable solution. Debt collectors can not prove that you owe the money, that's why they file a nonsuit to the court when your CPA files a not guilty plea. A nonsuit means the the collector cannot or will not take the time to go back to obtain all the information they need to have a successful case. They CANNOT PROVE THAT YOU OWE THE MONEY, PERIOD!
I sincerely hope that you will give this serious consideration

TLK

[maddog2112]

Tlk, how long have you been working with this attorney? I`m just curious because I`ve often wondered what I would do as a last resort if I got to the point where I couldn`t stand being in my 13. I`m 30 months into a 60 month plan.120k unsecured cc debt ,house and vehicle outside the plan, 80% payback 465.00 weekly. One thing I don`t understand is how you can object to the debt, since you agreed to it when you first went in to your 13. After the non suit can they still come after you? I guess if your attorney can hold the collectors at bay till the statute of limitations is up in your state maybe it could work. Aren`t any of the collectors calling you at home or at work?

[amjo30]

Your case is very interesting TLK and I would love to hear about your results. How long does the CPA represent you? Please don't get offended, i am just asking. This is new information to me. Has any creditors issued you a 1099 for the write-offs? Just wondering, because extra income would be taxed then you'll have to deal with the IRS which will put a lien or seize your assets. I filed chapter 13 to protect assets and proposed to pay back 10 cents on a dollar to unsecured creditors. I wish you well and please keep posting. Your choice may be good for someone else also.

[TLK]

Maddog2112,

I've been with my attorney for 3 months now. I first contacted him when I was served (suied) by a collector, which I found out from my attorney is low life who buys 'junk money' write offs for pennies on the dollar.This one collector is also an attorney, who is also an millionaire ,who sold off all his debt for millions to another group of collectors. junk money is a big business for these people. They try to scare people in got in trouble with debt to pay them-that's how they make a living-they're scum. Collectors call my home phone, I take care of that with my answering machine .I turn the ring off and don't worry about it or you can write a cease communications letter which by law they can no longer contact you by any means. They cannot call you at work it is against law. You tell them that your employer does not allow you to take personal calls while at work and if they don't stop, you can turn them in the consumer protection agency- they must abide by the laws that protect you. If they don't stop they can be suied or other actions taken against them by the consumer rights agency. My attorney told me that once the courts have filed a nonsuit that the collectors go away because they know they can't win and don't want to waste their time. When a collector files a suit against you they're hoping that you won't respond and then the case will go into default, which means the court assumes then that you owe the money to the collectors. Then you will have to pay the money or else- garnish wages or what ever else it takes to pay them. The limitations for my state is 4 years. After that they cannot collect a dime from me. If they continue to contact me after that my attorney will address that matter with a cease and desist demand.

Hope this helps.

TLK

[maddog2112]

Tlk

Thanks for the quick response. You certainly have an interesting strategy. I hope you continue to post and keep us updated on your progress. I wonder if your lawyer does work in KY. Good luck to you!!

[TLK]

MADDOG,

I'll check with him and let you know.

[maddog2112]

TLK, I thought of a question to ask you today.I`ve got a full time job where I make a substantial amount of gross income. Of course after taxes, house paayment, expenses, and the 465.00 weekly payment to the trustee, there`s not much left. If I were in your situation wouldn`t it give my creditors in the 13 reason to come after me thru lawsuits, thinking there is money there thru garnishments? I don`t know if the creditors in the 13 are aware of my income or where I work thru the 13 process. If I didn`t work or had my own business, I could see where it would be much harder to sue. What do you think?

[TLK]

TLK, I thought of a question to ask you today.I`ve got a full time job where I make a substantial amount of gross income. Of course after taxes, house paayment, expenses, and the 465.00 weekly payment to the trustee, there`s not much left. If I were in your situation wouldn`t it give my creditors in the 13 reason to come after me thru lawsuits, thinking there is money there thru garnishments? I don`t know if the creditors in the 13 are aware of my income or where I work thru the 13 process. If I didn`t work or had my own business, I could see where it would be much harder to sue. What do you think?

MD2121
I was paying $400.00 a month to the Trustee (what an unpleasant S.O.B. ), with a desent gross income ( almost 3 times above the median income level for Texas).I needed that extra $400 to make it through the month, that's why I got out of 13 and started looking for another option. They have to sue you first and win, which is extremely difficult for them to do when you have a good CPA to represent you. Hope that helps.