The Bankruptcy Site Forum » Archived Forums

Pros & cons of bankrupcy?

(2 posts)
  • Started 3 years ago by hihopes
  • Latest reply from Oh Really

  1. hihopes
    Inactive

    Considering filing, but am weary of what lies ahead after bankrupcy. The only asset we have is our home, and that equity equals our debt. Our credit is in the toliet and we have bled our IRA accounts to about nothing.(Will be paying taxes and 10% penalty on those at the end of the year). Any advice from people in the same position??   :)
    Posted 3 years ago #

  2. Oh Really
    Member

    We own a home, and filed chapter 13 24 months ago.  We keep paying our mortgage while living in our home, and will be debt free in 3 more years.  It's great!  :)
    Posted 3 years ago #

RSS feed for this topic

Reply

You must log in to post.