We have 2 homes - we rent out one and just break even - the value is probably 95,000 - 100,000 and we owe 92,000 - we owe 209,000 on the home we live in and have a HELOC for another 48,000 - way upside down - can they strip the HELOC in Ohio? I am trying to find a good attorney right now and have been turned away from 2 because of the multiple properties - we would love to sell our rental if possible - but I cant afford to carry it until it sells!
We also have about 86,000 in credit cards and personal loans that are costing me about 1500.00 per month - i cant do it anymore - my income is about 90,000.
The more I read chapter 13 is the way for me to go - but i am concerned about how much they will allow me to keep monthly to live on. We have 5 children and we do not have lots of material things (no flat screens and flashy jewelry) - my car is paid for value is probably 2500.00 and my wife has a leased car up in April -
I am going out of my mind trying to pay all of this debt and I just feel like a failure for not being able to do so.
Any idea what i can expect if i file chapter 13 on what my Trustee payments would be?
We also have about 86,000 in credit cards and personal loans that are costing me about 1500.00 per month - i cant do it anymore - my income is about 90,000.
The more I read chapter 13 is the way for me to go - but i am concerned about how much they will allow me to keep monthly to live on. We have 5 children and we do not have lots of material things (no flat screens and flashy jewelry) - my car is paid for value is probably 2500.00 and my wife has a leased car up in April -
I am going out of my mind trying to pay all of this debt and I just feel like a failure for not being able to do so.
Any idea what i can expect if i file chapter 13 on what my Trustee payments would be?
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