BKY Update
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BKY Update
| Sat, 09-03-2005 - 12:30pm |
Hi all!
Just thought I'd pop an update in this morning.
Overall, the Chap. 11 is looking very good. The legal fees will be higher than Chap 13, $7,000-15,000 vs. $3,000, but the actual debt payback is going to be far less, ($20,000 vs. $62,000) and there is no trustee to pound me. So at worst $35,000 vs $65,000 over three years.
Taking some preliminary defensive steps....paying back as much as I can on two cash advances from June. One is paid, the other I might be able to squeeze out. I basically have to drain all of my divorce/custody fee stockpile that I had. No choice in that matter.
Good news is if my two divorce motions come in my favor, the Ex will owe me close to $9000.

Thanks for the update! I'm glad to hear you in better spirits, and I hope it continues to go well for you. I'm interested in hearing how the process works as you go through it. Thanks for keeping us in the loop!
Heather
Thanks for the update.
Glad to hear things are looking a little better for you. Good luck.
MYM
I'm not so sure you should count on the divorce motions going in your favor,LOL. Based on personal experience (living through DH's court battles, not my own), what is right and what is done can be 2 completely different things!
I'm glad that this is working out for you. You seem more at peace than you have been in awhile.
Good luck!
Lisa