http://getoutofdebt.org/8182/what-options-should-we-consider-to-avoid-foreclosure-joshua Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Fri, 25 May 2012 02:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 http://getoutofdebt.org/8182/what-options-should-we-consider-to-avoid-foreclosure-joshua#comment-23800 Sue Sun, 18 Jul 2010 23:02:02 +0000 http://getoutofdebt.org/?p=8182#comment-23800 I was laid off in March from my company that I had worked at for almost 23 years. I have been drawing a severance paycheck and will until August 13th. I have been making my payments barely or at least minimum payments. I still have not been able to find a job. I owe approximately $9000 in credit card debt. $59000.00 on my home, $13000.00 on my second mortgage. I also had to pick up Cobra Insurance which I pay for each month. I am single and I did go see a bankruptcy lawyer. His advice was to stop making payments because my debtors could not take my unemployment. That would possibly give me 4-5 months before I had to file for bankruptcy. In that time any small amount of money I may be able to save I could put back (not in a bank acct) for help in the future. Does this sound like good advice? I should say that my house is in need of several costly repairs that obviously I can't afford also. What if the foreclose on me before I file bankruptcy? I was laid off in March from my company that I had worked at for almost 23 years. I have been drawing a severance paycheck and will until
August 13th. I have been making my payments barely or at least minimum payments. I still have not been able to find a job. I owe approximately $9000 in credit card debt. $59000.00 on my home, $13000.00 on my second mortgage. I also had to pick up Cobra Insurance which I pay for each month. I am single and I did go see a bankruptcy lawyer. His advice was to stop making payments because my debtors could not take my unemployment. That would possibly give me 4-5 months before I had to file for bankruptcy. In that time any small amount of money I may be able to save I could put back (not in a bank acct) for help in the future. Does this sound like good advice? I should say that my house is in need of several costly repairs that obviously I can’t afford also. What if the foreclose on me before I file bankruptcy?

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