Legitimate way from being forced into a BK 13?

[justbroke]

... About 3 years ago I entered into a lucrative investment in Costa Rica. I used my share of a jointly owned property to collateralize (is that a word) the loan. I've been paying interest only on it ever since... Is that a nonconsumer debt?

Absolutely! To the extent that you pledge property as collateral for a loan which is considered "investment", it's non-consumer in nature. As a matter of fact, most small business debtors use or had used their homes as collateral to fund the business.

If that "investment" -- and all other investments -- are more than 50% of your total consumer debt, then you are a non-consumer case.

[angles]