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yaya01 · 06-07-2009, 09:19 AM

Thank you michigan, I'm keeping my fingers crossed hopping that they do not ask for everything all over again. Being self-employed (S Corp), last time I had to really "play" with the numbers on the statements before submitting.

We are waiting on the mod to file a personal bk. It is very complicated with SBA loans, business assets and business credit on top of personal debt. It would be easier if we were dissolving the corp but we are not. It's our only source of income. We are 10 months behind on mortgage but current on everything else in order to delay the bk until we have an answer. Either way we will have to file to strip the 2nd (HELOC with Wamu) if they don't want to settle. The key is to plan ahead with the advice of an attorney(s). For us at this time, everything depends on the outcome of the mod.

06-07-2009, 09:19 AM	#46 (permalink)
yaya01 Senior Member Join Date: Sep 2008 Posts: 95 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Naca dropped the ball!! Thank you michigan, I'm keeping my fingers crossed hopping that they do not ask for everything all over again. Being self-employed (S Corp), last time I had to really "play" with the numbers on the statements before submitting. We are waiting on the mod to file a personal bk. It is very complicated with SBA loans, business assets and business credit on top of personal debt. It would be easier if we were dissolving the corp but we are not. It's our only source of income. We are 10 months behind on mortgage but current on everything else in order to delay the bk until we have an answer. Either way we will have to file to strip the 2nd (HELOC with Wamu) if they don't want to settle. The key is to plan ahead with the advice of an attorney(s). For us at this time, everything depends on the outcome of the mod.