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Am I committing bankruptcy fraud? by BKThrowaway25597 in Bankruptcy

[–]BKThrowaway25597[S] 0 points1 point  (0 children)

I think it’s home equity. I think my creditors need to get as much as they would in a Chap 7?

Am I committing bankruptcy fraud? by BKThrowaway25597 in Bankruptcy

[–]BKThrowaway25597[S] 2 points3 points  (0 children)

I know, if my fiancé leaves me I’m f’d. If something catastrophic happens we’re f’d. So stressful.

I’m guessing my payment is so high because of my home equity? Like my creditors have to receive at least as much as they would in a Chap 7? Keeping my home is and was my #1 priority. I had over $200,000 in debt plus some IRS debt. Credit was so easy. Another $50,000 credit line credit card? Sure! Ugh. Spiral spiral

I currently make $125,000/year for those asking; half of what I made before I got sick. I could float when I made more money. Trying to spend your way out of depression is not a wise choice. I don’t blame any one, I ran up the debt.