Comments on: Making A Debt Attack Plan http://www.debtkid.com/making-a-debt-attack-plan Debt Kid - I'm Getting Out of Debt Sat, 21 Nov 2009 07:37:09 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Kevin http://www.debtkid.com/making-a-debt-attack-plan/comment-page-1#comment-17842 Kevin Sat, 17 Jan 2009 05:30:08 +0000 http://www.debtkid.com/making-a-debt-attack-plan#comment-17842 I guess this is how Casey Serin got himself into trouble -- too much information. <br /> <br /> if you had not mentioned the money that you were paying back to your mom, the bankruptcy trustee would not have been able to use google to fine the same information. At this point, it is out there for the whole world to see. <br /> <br /> I applaud you for being so open with your situation. However, in the end, it may come back to haunt you. :-( I guess this is how Casey Serin got himself into trouble — too much information.

if you had not mentioned the money that you were paying back to your mom, the bankruptcy trustee would not have been able to use google to fine the same information. At this point, it is out there for the whole world to see.

I applaud you for being so open with your situation. However, in the end, it may come back to haunt you. :-(

]]> By: Law girl http://www.debtkid.com/making-a-debt-attack-plan/comment-page-1#comment-17846 Law girl Sat, 17 Jan 2009 05:30:08 +0000 http://www.debtkid.com/making-a-debt-attack-plan#comment-17846 I would actually start with the IRS payments. As you probably know from your bankruptcy attorney, your unsecured debt (credit card debt, car loans above the value of your car) will be wiped out in bankruptcy. However, there are some debts you can't cut loose: Taxes and student loan debt are two of these types. I would actually start with the IRS payments. As you probably know from your bankruptcy attorney, your unsecured debt (credit card debt, car loans above the value of your car) will be wiped out in bankruptcy. However, there are some debts you can't cut loose: Taxes and student loan debt are two of these types.

]]> By: Law girl http://www.debtkid.com/making-a-debt-attack-plan/comment-page-1#comment-17849 Law girl Sat, 17 Jan 2009 05:30:08 +0000 http://www.debtkid.com/making-a-debt-attack-plan#comment-17849 When I say wiped out, I mean insofar as you can't make monthly payments on them. (I'll bet you are not going to be asked to pay even a fraction of unsecured debt, given your debt to income ratio). When I say wiped out, I mean insofar as you can't make monthly payments on them. (I'll bet you are not going to be asked to pay even a fraction of unsecured debt, given your debt to income ratio).

]]> By: Debtkid http://www.debtkid.com/making-a-debt-attack-plan/comment-page-1#comment-17852 Debtkid Sat, 17 Jan 2009 05:30:08 +0000 http://www.debtkid.com/making-a-debt-attack-plan#comment-17852 I will be starting with the IRS first. The BK should wipe out my personal debts, but not my business ones. I will be starting with the IRS first. The BK should wipe out my personal debts, but not my business ones.

]]> By: Kevin http://www.debtkid.com/making-a-debt-attack-plan/comment-page-1#comment-17854 Kevin Sat, 17 Jan 2009 05:30:08 +0000 http://www.debtkid.com/making-a-debt-attack-plan#comment-17854 Hi, <br /> <br /> I think it has been mentioned before. However, you could get yourself in trouble by not listing your Mom's portion of your debt (even though you don't consider it debt). Payments going to your mom may not be kosher after having all your personal debt wiped away. Also, is your business considered an asset during your personal bankruptcy? It would be interesting to follow up on the BK attorney's advice. <br /> <br /> Thanks and good luck! :-) Hi,

I think it has been mentioned before. However, you could get yourself in trouble by not listing your Mom's portion of your debt (even though you don't consider it debt). Payments going to your mom may not be kosher after having all your personal debt wiped away. Also, is your business considered an asset during your personal bankruptcy? It would be interesting to follow up on the BK attorney's advice.

Thanks and good luck! :-)

]]> By: JW Thornhill http://www.debtkid.com/making-a-debt-attack-plan/comment-page-1#comment-17856 JW Thornhill Sat, 17 Jan 2009 05:30:08 +0000 http://www.debtkid.com/making-a-debt-attack-plan#comment-17856 I agree with Kevin. If you omit the money that you owe your mother it create a rift in your relationship. I agree with Kevin. If you omit the money that you owe your mother it create a rift in your relationship.

]]> By: A whopping pile of links — On Financial Success http://www.debtkid.com/making-a-debt-attack-plan/comment-page-1#comment-4355 A whopping pile of links — On Financial Success Fri, 30 Nov 2007 01:01:57 +0000 http://www.debtkid.com/making-a-debt-attack-plan#comment-4355 [...] talks about his Debt Attack Plan (and mentions he’s found the IRS surprisingly easy to deal [...] [...] talks about his Debt Attack Plan (and mentions he’s found the IRS surprisingly easy to deal [...]

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