OK – 6 Months ago, I had a net worth of 300,000. I am in a full-time graduate program, I have 45,000 in Credit Card debt (yes, scary huh), a house in Indianapolis that I can’t sell, I have two rental properties, one paid for. I now also have school debt (probably 30k). I have a 401k account and some stock which I intended to sell as I needed to to manage cash flow until I return to work in May of 2009.
Now, the stock is not worth much (10k), I thought about cashing in my 401k but also it is not worth much (55k), Credit Card companies are cutting back my credit, not a bad thing, but one less way to flow cash. My plan was for the house to sell and pay off my credit card debt. Not gonna happen it looks like. My house is in Indiana and I am in Florida. My question is do I sell everything I can just to pay off the credirentrd debt, and I was going to rent the house, but it’s flawless and I know tenants will tear it up, and at the very least I’ll be stuck painting it. Should I try to file bankruptcy? I am not behind on anything, but as you can see it won’t be long.
So I’ll have an advanced degree in May and probably no job and no credit. I am technically on a leave, but no gaurantee I’ll have a job. I really didn’t expect the economy to implode, but that’s the way it goes.
I thought about cashing in the 401k, taxes and all, just to pay off the card debt. But, then I’d be starting over. If only I had known in July, I would have sold out my stock completely. Now it’s down 60%, and would only be a band aid.
Besides telling me how stupid I am, what shoud I do? Will the markets recover to any degree before 2009? Unfortunately, I can’t wait a year to wait see.
Oh, incidentally, I spent approximately 20% of my ccard debt fixing up the house to sell.
I am prepared to be poor and starting over. I am still frustrated and probably need to hire a professional, but I can’t afford one.
I have real estate assets, but noone can get a loan to buy unless your credit score is perfect.

Any thoughts?

I have a 1 year and 3 month old dog.
When I got him from the shelter he was very sick.
Since then he has had other health issues.
The lastest being his stomach swelled and he was vomiting his stomach lining. When I went to work after taking him to the vets my ex bf mother let him outside unattended which was against both the vets and my wishes.
I work full time and my ex bf mother watches him for me.
However she has been going against my wishes, feeding him bananas and some acetic fruit.
Just the other week she put seasoning salt on his food. Saying it would stop him from eating his poop. ( which he hasn’t done for months now.)
That night his stomach started to swell again, and he was upset all night, I couldn’t go to sleep in case I had to rush him to the vets.
Also she has 5 archers and an invisible fence, which I don’t mind, however when I’m on my way home I have told her to keep him in the house since he likes to run to my car, I have almost hit him several times because he hides behind the bushes.
I like having her watch him however I’m afraid something is going to happen to him. Is there a nice way to tell her shes pissing me off?

It seems that there are many programs out there for first time home buyers. I’d like to take advantage of whatever is available to us… we are buying a home in Tracy, California (San Joaquin county). We both work full time but only make about k a year combined.