- Joined
- Nov 17, 2007
- Messages
- 27
This is a pretty sensitive issue, but I am hoping with all of the professional and experienced investors that are here, I may get some un-biased opinions.
Recently I separated from my wife, and then shortly after found myself in financial difficulty.
I am 37, have an excellent paying job ($90,000 + gross per year), 2 young children, but absolutely nothing saved and many wasted years of not setting goals for my future. I walked away from the matrimonial home (which had no equity), and absorbed a lot of the debt....nice guy huh? lol!
As a result, I took some biased advice from a trustee in bankruptcy that I should make an assignment. I did that and now I just found out from a financial advisor that it`s possible that I cannot expect to obtain a mortgage for years!!!!!
(Why didn`t this trustee tell me this, and that there were other options?)
Aside from that, previous to the assignment my credit was impeccable, but as you can figure out, my TDS ratio was through the roof.
In 6 months I will be automatically discharged, but my credit will be ruined.
What I am asking......does anyone have any experience with anyone in this situation? If so what are my options in 6 months....or longer?
I don`t need any sugar coating, just some real advice so I can plan my Personal Belize!
Thank you in advance for your response!
Recently I separated from my wife, and then shortly after found myself in financial difficulty.
I am 37, have an excellent paying job ($90,000 + gross per year), 2 young children, but absolutely nothing saved and many wasted years of not setting goals for my future. I walked away from the matrimonial home (which had no equity), and absorbed a lot of the debt....nice guy huh? lol!
As a result, I took some biased advice from a trustee in bankruptcy that I should make an assignment. I did that and now I just found out from a financial advisor that it`s possible that I cannot expect to obtain a mortgage for years!!!!!
(Why didn`t this trustee tell me this, and that there were other options?)
Aside from that, previous to the assignment my credit was impeccable, but as you can figure out, my TDS ratio was through the roof.
In 6 months I will be automatically discharged, but my credit will be ruined.
What I am asking......does anyone have any experience with anyone in this situation? If so what are my options in 6 months....or longer?
I don`t need any sugar coating, just some real advice so I can plan my Personal Belize!
Thank you in advance for your response!