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for a friend


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i guess eventually someone had to find out i was a sucker for helping people out..

so my friend (TX) has nothing but a big 16K CC debt. they jacked his interest over 20% and he has lost all enthusiasm for paying it, since he can no longer afford to.

he was considering CCCS, but hasnt (phew) he was considering borrowing it from me but i dont have it.

i'm thinking Ch. 7

Advice?

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The AMOUNT of debt, high or low, does not matter in Ch 7 (well, it does but who among us has $295,000 in debts ???). If he can't pay the 16K, has few assets, variable income and barely gets by on a normal basis, then there's no reason Ch 7 can't happen. DISPOSABLE income is the key.

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