View Single Post
 
Old Nov 16, 2015, 07:43 PM
Rose76's Avatar
Rose76 Rose76 is offline
Legendary
 
Member Since: Mar 2011
Location: USA
Posts: 12,847
Ask the lawyer to apply for a total discharge. Don't get "guilted" into reaffirming debt, or portions of debt, unless you really want that. Take full advantage of what you are legally entitled to. People with way bigger incomes than yours do it all the time. I've read that most self-made millionaires have declared bankruptcy at least once.

At some point, you'll go before a person (a trustee for your creditors) who'll try to talk you into accepting only a partial discharge. That trustee gets a percentage of everything you pledge to repay. Don't fall for the pressure. With a lawyer by your side, you may not even have to have that conversation. I had no lawyer, so I did get pressured. But I knew my rights and said I was only interested in a full discharge. The trustee-person (I forget the technical title.) looked at me with a face that would have stopped a train. I didn't cave. I got what I went in for.

Good luck with it.