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keep my stock port. or let trustee take it?

Submitted by on Wed, 08/11/2010 - 10:23
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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.


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!;)


Submitted by homeseller on Wed, 08/11/2010 - 14:13

homeseller

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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!


Submitted by on Thu, 08/19/2010 - 16:31

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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


Submitted by on Fri, 08/20/2010 - 15:30

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