keep my stock port. or let trustee take it?
Date: Wed, 08/11/2010 - 10:23
hmm I have about 50K in stocks, 180K in debt. trying to consider doing settlement or BK7 (should qualify) I have a few acct. in hardship. I'd hate to lose the stocks to BK but wondering if I should just sell my stocks and wait a few months to do BK/
I used this portfolio to trade stocks an often would make 1,500/month but if I do a bk I won't be able to trade.
I used this portfolio to trade stocks an often would make 1,500/month but if I do a bk I won't be able to trade.
go for settlement!
many of us have that kind of debt and settled on average around 25-35%..use that stock to do it! you can do this and NOT go BK!;)
MAny have high debt like mine? I've read this and many forums,
MAny have high debt like mine? I've read this and many forums, but my debt always seemed to be at the high end. My issue is settling with a few and having others REFUSE to do anything; Like NAVY FCU and PenFed, and anothe rCredit Union!
IMO sell the stock, fix up the house/car, get everything up to d
IMO sell the stock, fix up the house/car, get everything up to date, stop paying all credit cards, wait 90 days then file. I assume no preferential payments made to family within pas year. Also pay the attorney.
Debt settlement won't work unless you had about 90-100K cash IMO