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Originally Posted by GFED
I don't know... 
he sent me a form of several pages... then i'm suppose to send it back to him with payment and credit report... then he sends this somewhere... that's pretty much all i get for $1009... ? |
Sheesh GFED.. First, sorry you have this problem man. Even more so when it appears you think you have little choice but to file - not an easy situation.
Have to say I know nada of Fla laws on bankruptcy, but be very wary of this and give a lawyer a rough briefing and get him/her to explain exactly where you would stand if you did file.
Can't say whether this now law or just talk, however there was a proposal which gave preferential treatment to credit card companies when an filing was made in that the card company remained a creditor and, in your $30K plus situation, - you would still owe them. ie there is little point in filing if you would still have this card company creditor. Anyone know if this has been passed into law?
Paying a $1000 in your current situation for a lawyer to put forms in a mailbox sounds more than excessive GFED. Any competent lawyer acting on your behalf has at least a moral (if not legal) responsibilty to explain implications to a client and what exactly he/she is going to do for that money. It may be worth a visit to the local courthouse and contact the relevant dept/person - often there are published notes on this kinda stuff - court people can be very helpful.
On the money side, sure $30K and $1200/min payment is going to be a lot when you don't have it - anything is a lot in that situation and more so when you have be ground down bothering over it. That's the killer.
There are companies or orgs (tho can't remember names now) in the US that specialize in renegotiating with card companies on both interest and capital - (I don't mean bloodsucking ripoff "consolidation" stuff) - for a one off fee which I think is less than $1000. You know of them? Reason I mention is a friend in the US did this.. about 2 years back and the amount was more than your $30K figure - and he is very happy he worked with them - they saved his ass at that time. Card companies are not interested in having hassle over their money - they will do deals, but probably better a third party acts on your behalf.
On cash inflow.. sure it's a killer and depressing as hell when it's not there, but you already know the positive side to this and not difficult to generate a good few 1000/month off the net in a relatively short time. Plus there is loads of work folks on GFY need done for immediate revenue.
Try and stuff that biz hat on, get fully equipped in bankruptcy filing info and check out the possibilities/avenues before passing over a $1000 to anyone. It's not easy, but vital you keep a level head on GFED and get armed with filing data. Stay cool man!
