Posted by John Corey on March 28, 2006 at 03:16:29:
There must be more to this as it looks like you will end up settling with the creditors for 100% of what is owed. In some way no BK is needed.
See if you can work it out so that if you do settle for 100% the BK can be reversed and you no longer have it on your record. You maybe have already asked and there could be other reasons why you want to pay in full and carry a BK for the next 10 years on your credit file.
Do not worry about the prices in NC. They will be what they will be. If you know how to find bargains they will still be there in 6 months. The market might be active but we are not talking a mad rush given the doom and gloom in the press nationally. Focus on handling the details in CA and finding the job transfer you want.
Note that buying in NC will be an issue with a BK on your credit file. Be prepared for loan terms that might seem expensive, painful or otherwise not what you might expect if all your bills were paid in full.