Andare, Partire, Tornare

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and the money kept rolling out

My generalized ick has resolved itself into a specific ick - sinus infection, complete with sore throat. Probably my fault for watching part of "Osmosis Jones" yesterday. All that mucus in the nose scene just gave my own membranes some bad ideas.

Listening to Robbie Williams singing "They Can't Take That Away From Me." Makes me happy.

Got up at a reasonable time today, even - nine am. Generally on Saturdays I'm comatose until eleven at least. Bemo should be toddling home soon - he worked from six to eleven today - and he has promised to bring me Sudafed to tame my unruly drainage. Oh, and he'll be making the very last payment on the Neon, which is a first for me.

I did end up making that phone call, and of course as these things generally go, it was entirely painless once I went and did it. The upshot of it all seems to be, credit cards either sell your debt, or charge it off by about the second year that you've been delinquent. Seven years later, it becomes uncollectable unless they actually take you to court, whereupon they can garnish your wages, and all of that. But they might not if one of several things is true: the amount to be retrieved is too small, or the person doesn't have much of an income to garnish. The first holds true in some cases for Bemo, while the second is mighty true for him.

If we do decide to file for bankrupcy, we'll go chapter 13, where we'd pay back a small portion of the debt. But at this point, it probably won't be necessary. According to the financial consultant, however, since none of the debts in question are joint, I wouldn't be affected much by his going bankrupt, so huzzah - that was one of the big worries, since my credit, while not stellar, is relatively normal.

It's the school loans that need to be addressed. What we'll need to do is track down each and every one of them and arrange to make a full year of "fair payments," after which we can do what's called reconditioning the loan - essentially refinancing it for a really long time (ten to twenty years, even) so it can be paid off in a managable way. This stuff won't go away, and is still accumulating interest, so it needs to be resolved toute suite. Now to get Bemo to resolve it - I see much ass-kicking in my future.

Phew. More about finances than anybody probably ever wanted to know. If any financial wiz out there spots any errors in all of this, by the way, please speak up!

11:14 a.m. - 2002-06-29

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