In the past, my family and I have helped my husband. How do I get him to understand that he really needs to start stepping up and helping me through this very stressful portion of my life? I am not down emotionally with the things that have gone on. As a matter of fact, I am taking proactive steps to secure myself as a potential employee with a great talent in my field. I am also trying to secure my financial future the best way I know how.
I have had a friend (also self employed) nearly file and they advise us to get a car loan before we file. Our credit is good, we are current on all loans and credit cards, but feel certain we are at risk of defaulting soon. If our personal debt alone is discharged our cash flow will allow us to continue our mortgage and other necessities as well as make a modest car payment.
My question is this, since we have applied for a mortgage modification as well, and our case is now in the hands of an agent, will applying for new credit before they determine our case be a big mistake? Does anyone else have thoughts on options? We do not own any assets of value that we could sell or we would have done it already.
We may or may not opt to file business bankruptcy as well. One of the businesses is owned 51/49 (woman owned) the other business is owned jointly. Both are S corps. The house and most of the credit cards are joint debt.