Originally Posted by jbol
after reading the investing thread,i realized there are some very smart bros on here,so i just thought id ask for some opinions on my financial situation,i have about $42,000 debt on credit cards,i own a mobile home it is free and clear (i owe nothing on it),i currently have roughly $10,000 in the stock market,i would use my stock money to pay off some of the debt,but my intrest rates on the cards vary from 3% to 8%,i feel i will get a better return on the stocks than if i was to use it to pay off some of the debt.i only bring home about $23,000 a year, i have a daughter that lives with me,and really cant afford the payments on the cards,i looked into chapter 7 bankruptcy and im only allowed $12,000 in exemptions,my mobile home is worth roughly $25,000 so i risk losing my home....i also looked into chapter 13 bankruptcy and payments to the trustee would be around $275 a month....i really would like to avoid fileing bankruptcy...i was just wondering if maybe someone had a better idea.......any advice would be appreciated