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Re: avocet post# 43010

Thursday, 09/20/2012 9:10:54 PM

Thursday, September 20, 2012 9:10:54 PM

Post# of 80868
Avocet, you still in sd? I'm local here.

Do we even know who and how many creditors got stuffed on his personal bk?

I've been through one personally....and its
Not always what it seems.

When ecoonomy went south in 2007 just 2.5 years after I started my biz I lost almost everything; because I didn't bk fast enough.

I screwed over credi card companies. I paid over 70% of principle and they wouldn't renegotiate terms under 20%. I reserved a cash account $10. I continues to pay on cc for revolving cash flow. 4 credit cards I called and paid for months the minimum which was not enough to lower the bill after interest. I got up o 75% principle in 5 years and they wouldn't back off....actually it ended hen the reported me to the only credit card I kept open and they shut the card on us (wife and I). She get rejected while buying food....I couldn't even buy food. Within 24 hours I hired a lawyer, filed, and stopped paying. ....over 2 years if they had negotiated I could have paid principle plus 10%. Instead they went after me....and lost even more money....that's when I new the economic collapse was a part of greedy....they turned down 15k over their time to negotiate a payment plan....I saw their version of priorities.

Not giving excuses, just as there is more than we all see.