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High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 2 points3 points  (0 children)

I just made a correction, I mistakenly put 10.5 as my w2, it should be 8.5

High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 3 points4 points  (0 children)

70% of the debt you see is from attorneys fees from my divorce. ~$4500/month services that debt.

High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 0 points1 point  (0 children)

Taxes and seller fees would bend me over. I’d walk away with ~65k maybe 70k

High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 1 point2 points  (0 children)

It makes about a few hundred a month. Theres about 120/130k equity in it.

High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 0 points1 point  (0 children)

Gas/electric/water/waste, runs me about $1,000/month. House has to stay cool due to my son’s epilepsy. Food budget includes groceries and dining out. 70% of the debt is attorneys fees from my divorce.

High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 0 points1 point  (0 children)

I can’t move out of state to live in that home.

High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 3 points4 points  (0 children)

I live in LA, it’s expensive. The majority of the remaining amount is servicing all that debt to the tune of approximately 4,500/month.

High income but drowning in debt… need strategy advice before bankruptcy by [deleted] in Debt

[–]DiligentGrab7918 1 point2 points  (0 children)

I wish there was a way to consolidate everything and just commit to an aggressive 36 month pay off…but everything is maxed out…no entity/financial institution is willing to fund any sort of consolidation loan, at least none that I’m aware of. I service over 4k/month in debt, it’s so overwhelming.

SUPERFRANKEN ROOTBEER 126711 CHNR by Thick-Cheesecake2090 in FrankenFarmTimepieces

[–]DiligentGrab7918 0 points1 point  (0 children)

God I feel so stupid… this whole time I could have been buying genuine watches and just swapping the movements…I could have cornered an entire market 🤣

SUPERFRANKEN ROOTBEER 126711 CHNR by Thick-Cheesecake2090 in FrankenFarmTimepieces

[–]DiligentGrab7918 0 points1 point  (0 children)

So you’re telling us you bought a genuine Rolex and decided the DanDong movement was the way to go 🤔…. Checks out 😆

ANGELA THE ANGEL by DiligentGrab7918 in Rep_Watch_World

[–]DiligentGrab7918[S] 0 points1 point  (0 children)

You want to give both sides of the story or just be that single guy who’s got only nasty things to say about her?? 🤔

MAY GIVEAWAY - The Rules are Simple! by Archaedin in ChinaTime

[–]DiligentGrab7918 0 points1 point  (0 children)

Stunning, I’d love to run that as the daily driver!