I Am Facing Bankruptcy

Personal Stories, Advice, and Support 332 People

    Coming to Terms With Bankruptcy

    I just wish there was some checklist for justifying Bankruptcy.  The closest thing I could find was if you cannot repay your debts in 5 years.  I don't have a divorce to blame it on, or illness, or a failed business.  I don't have a good excuse, I just want...
    wannabedebtfree wannabedebtfree
    3 Responses Jan 2, 2009


    I took a business risk 3 years ago and didn't have a plan B. Now I'm finally facing reality and I feel like my life is over. I've called a suicide hotline, debt counselor, and now seeking legal help because everything that is being told me says it is going to get much worse. I'm...
    deleted deleted
    5 Responses Aug 30, 2008

    I have my meeting of the creditors tomorrow

    morning and I'm scared to death. I have a creditor with a personal grudge who is going to show up, I just know it and I'm worried sick. I'm worried they'll belittle and degrade me even more than I already feel.
    Abbygirl123 Abbygirl123
    46-50, F
    1 Response Sep 4, 2014

    75k Credit Card Debt and Arrest ??

    Hi Everyone, need your help: While I traveled to overseas from USA, my ex-wife divorced me in USA divorce court without my presence in USA land. So far, I know that court awarded both partners the "divorce" , but other issues like credit cards debt issue is pending, because I am...
    MonirZaman MonirZaman
    46-50, M
    1 Response Apr 7, 2013

    Always be honest and forthright

    when it comes to your finances.Filing for personal bankruptcy may possibly enable you to reclaim your personal property that have been repossessed, like your car, electronics or other items that may have been repossessed. You may be able to recover repossessed property if they...
    Reld1935387 Reld1935387
    31-35, M
    1 Response Oct 18, 2014

    Not Sure Where To Go

    I filed Chapter 7 in August this year and I really never realized what it was going to do to my already hard situation. I, like many others, once had a great paying job, stability of an ox, and then it all went out the window. I had a bad breakup, I lost my car and my job, also...
    trafik25 trafik25
    31-35, M
    2 Responses Dec 23, 2009

    Bankrupt And Feel Like I'M Having A Nervous Breakdown

    Hi everyone, I lost my job a year ago - suddenly. I'm a single mother of two and a homeowner and since that time I have run up all my credit cards just to make ends meet. I found a job working part-time that I love, and while I'm an experienced professional, I just cannot find...
    earthmama02 earthmama02
    6 Responses Mar 17, 2013

    I Can Help You File Bankruptcy Cheap

    My mom was facing a wage garnishment a few months ago that was devestating her income. She could not afford to pay the attorney 1500.00 To file bankruptcy so I studied up and filed it for her. I can now file ch 7 and 13 I have looked up the laws and am legit to prepare others...
    zcowan1 zcowan1
    2 Responses Jul 13, 2010

    Im Done With The Stress

    My story married 30yrs. Husband decided he needed a new life. (MIDLIFE ) thing I guess. Well he moved to Florida and left me with 2 homes to pay for and maintain. I think he thought I would just follow him , but Im still here in ohio. Anyways here's my nightmare. I make about 30...
    piper07 piper07
    1 Response Sep 22, 2013

    Unexpected Financial Crisis

    I am a 48 yrs old Engineer. I spent my last 25 years out of my birth state by involving in various social development projects. Later on I wanted to come back to my native village to do something for my own community and resigned from my service. I wanted to take up micro...
    12momon 12momon
    1 Response Sep 28, 2013

    Not Sure If I Should File

    I am still debating about filing. I am 45 and in the middle of a long divorce. I left my husband over a year and a half ago and basically lived off of my credit card for four months, used it as a retainer for lawyer fees, had to buy all new furniture, etc. We used to work...
    slopeace slopeace
    2 Responses May 5, 2013

    Pickle City

    I am thinking of going down the bk road myself, still unsure.  Five years ago I started a business with a partner.  Mid 2009 had to shut it down because of the recession.  Both families put up money for the venture, collateral was supplied for bank loan by partner...
    Viper714 Viper714
    31-35, M
    1 Response Jan 15, 2010

    No Light

    I am a good horse trainer, but i got b injured and burned out. Then the bright idea occurred to me to head to nd and cash in on the oil boom. I started out working for a company and made good money. Then decided to go out on my own. There are so many success storys of people...
    shouldastayedcowboy shouldastayedcowboy
    36-40, M
    Sep 19, 2013

    This Too Shall Pass

    Having just recently (October 2012) found I was out of nickels to pay my $1000/ month credit card minimums, and that my van did not pass inspection--- and me, living on 34 wooded acres in upstate New York 25 miles from anywhere. WELL! I just went right off the diving board and...
    RuptcyBank RuptcyBank
    70+, M
    Mar 27, 2013

    Let Me Help You!

    Need Extra Money and Love Helping Others? After my most recent denial from disability I decided I needed a new avenue for income fast, but being a mother of two I couldn't afford a SCAM! I reconnected with an old friend and she told me of a job and a company that could save my...
    ImmortalCho ImmortalCho
    31-35, F
    Mar 21, 2013

    I am getting ready to file bankruptcy

    and have a couple of questions. My boyfriend and I have a joint account and a one year old. Last year he claimed our son on his taxes because the return would be more and we would like for him to do the same thing this year. My questions are: 1) Should he open his own separate...
    deleted deleted
    Jan 21, 2016

    Divorced mom of a 4 year old been battling to

    get maintenance and looking after my son on my own. Too many expenses having had to buy a car, trying to stay safe from my ex and looking after my son has left me with debt I cannot manage. I earn what most normal woman in South Africa earns and I fight the court system...
    jadelaoch jadelaoch
    36-40, F
    Apr 8, 2014

    Bankrupt This Week and Losing My Home

    I'm in the process of being evicted from my house which I've lived in for 6 years, and filing for bankrupcy on Wednesday. We ran into problems when I had to take time off work for illness and depression 2 years ago and to survive and pay off debts, we lived off our credit cards...
    elRana elRana
    10 Responses Mar 24, 2008

    Entering The Rebirth Process

    After trying to remedy the situation, I have come to the conclusion I NEED HELP!! I am about to fix it all by filing for chapter 13. I don't mind, really. My circumstances don't involve alot of issues like credit cards, cell phones etc. I fell behind with mortgage payments due...
    danies01 danies01
    2 Responses Aug 28, 2012


       I am not facing banruptcy, thank God, but I know that it is not because I did everything right or had more wisdom.  It was just dumb luck.  I know that members of this group are fealing discouraged and blame themselves and I would like to assure everyone...
    Iusedto Iusedto
    61-65, M
    2 Responses Nov 1, 2008

    Being In Debt Sucks!

    Last July I had surgery to remove a kidney stone that I suffered with for 5 months and was stuck.  I was in the hospital for a week.  After calculating all the various doctor, ambulance and hospital fees I owe over $100,000 for this ordeal!!!  The...
    PrincessT PrincessT
    41-45, F
    6 Responses Mar 16, 2008

    431 Meeting In Illinois

    What is the 431 meeting like?? Do they judge you like why did you spend all this money? What questions do they ask? What I'm scared of is them saying that I shouldn't have spent this money and denying my bankruptcy.
    terri0777 terri0777
    46-50, F
    1 Response Nov 1, 2012

    I Am About to File Chapter 7

    After doing everything that I could to keep from this, I've come to the realisation that I can no longer keep it up. I had a good paying job that I moved to TX for and saved enough to buy a house last year.  I was laid off within a few months of my closing on house.  I...
    Roaring20s Roaring20s
    41-45, M
    43 Responses Aug 21, 2008

    I have a 1st Class (Hons) Masters degree

    and seven years of experience in my highly respected field. My career field in science sounds impressive - the sort of word I would say and people would literally suck in their breath and say, 'Wow, you must be really smart.' I had a job before I even graduated from my Masters...
    Kat33 Kat33
    26-30, F
    Apr 21, 2014

    Considering Bankruptcy

    Not sure if Chapter 7 or 13 would be better. Husband owns a lawn care business. He doesn't have much work from November thru March, so no income. Can't save $ now to get us through the winter because all money we make is gone as we make it. $55k in vehicle debt & $55k in other...
    bubbybaloo bubbybaloo
    2 Responses Jun 28, 2013

    Standing On The Edge Of My Financial Cliff

    So, here is my story. I have 2 jobs I enjoy a great deal, though I don't make as much as I did in my first career (where I was laid off after 14 years). My husband, who has never lost a job in his life, lost 2 last year and has worked only 3 of the last 12 months. Our credit is...
    socal74 socal74
    1 Response Apr 9, 2013

    What Saved Me And My Family

    I lost my job and with this tough economy, I felt helpless. My wife was sick with cancer and unable to work as well. With all the money going towards providing my wife with the care for her illness, we were facing foreclosure in my home, and were about to be forced to file...
    jakes4507 jakes4507
    36-40, M
    2 Responses Aug 17, 2012

    Waiting To File Chapter 13 And Worrying Too Much

    My husband and I are going to file a Chapter 13.  We are in over our heads in debt.  Filing the Chapter 13 will help us eliminate about $200K of debt, so it is worth it.  However, we are trying to keep assets in the process, thus the reason we chose to file a Chapter 13...
    selfproclaimedbookworm selfproclaimedbookworm
    2 Responses Nov 26, 2011

    Everyday American

    I and my wife recently filed and were granted a Ch. 7 bankruptcy. I was/am a hardworking married father of 6. I worked as a teacher, created a string of service and sales based second incomes for summers as my wife was a stay at home mother for the first 19 years of our marriage...
    nolesfan87 nolesfan87
    46-50, M
    4 Responses Aug 17, 2011

    I'm Grateful For Those That Have Posted

    Good day all. After reading some of the stories and comments on this site, I'm glad that I found it. I'm 24 and single, and have made some poor decisions that have led me to this point in my life. Reading other peoples experiences, however, has helped me to feel that I'm not...
    ceonajaj ceonajaj
    1 Response Apr 24, 2009

    Unbelievable Disaster

    After living life and creating a safe and secure home for 3 beautiful children the bottom falls out. My wife loses her job at the local medical center, in an effort to stay ahead of the economic storm that is about to hit we take aggressive action to minimize the impact on the...
    jscotty467 jscotty467
    9 Responses Jan 20, 2009

    Bankrupcy Saves Lifes

    I went bankrupt last year and it was the best thing I ever did ( had fought insolvency for years ) Read about my story www.richestorags.com.au
    pearcecaj pearcecaj
    Aug 14, 2010

    Going Through Bankruptcy

    I never thought this would happen to me.  I guess I did it to myself but I had no choice.  I went into business for myself and foolishly lived on credit feeling that I would make enough money and then some.  If I could go back I would but that is not an option...
    coping coping
    4 Responses May 21, 2008

    Hard To Focus

    There have been A LOT of changes in my life lately.  4 years ago my soon-to-be husband and I were both working corporate jobs, making about $70k a year combined and living a very comfortable life in a townhouse that we had purchased in 2005.  In 2008 my husband quit his job and...
    AZhiker AZhiker
    4 Responses Jan 3, 2011

    Small Business Owner Filing Chapter 7 Personal Bankruptcy

    I started a small antique and furniture business in October of this year.  I have been losing money since.  I was in such shock,depression and fear that I have not been able to function and have made a lot of mistakes and bad decisions based on fear.  My goal...
    jobryant27 jobryant27
    11 Responses Mar 7, 2009

    Been Bankruptcy

    I was discharge of the bankruptcy ..... but none of the bank approved my loan ..... i to be bankruptcy because become a guarantor .... i am very sad about these situation was happen to me.....the bank said my credit record very poor...
    deleted deleted
    Aug 9, 2012

    Only In America Can You Not Afford to Even File For Bankruptcy!

    20 something. Newlywed. Times were tough but no credit card debt and able to pay bills each month and enjoy little things that make life grand like road trips and dinner dates. We bought a restaurant. Our dream place. Where we had our marriage reception. It was a beautiful thing...
    7 Responses Oct 1, 2008

    I Filed Chapter 7 Bk And Was Discharged Over 2 Years Ago.

    I filed chapter 7 BK and was discharged over 2 years ago. About 2 weeks ago I was informed by a former employer that I had a pension plan I was unaware of. Since I was unaware of it at the time of the BK I did not disclose it. How much trouble am I in?
    dk479 dk479
    2 Responses Nov 14, 2012

    Help Me Please With An Encouraging Word

    I'm facing bankruptcy and right now I am scared to death. I feel like such a loser,and I'm paralyzed with fear. I just need a shoulder to lean on right now , and if anyone could please send some encouraging words my way I would greatly appreciate it. Thanks for being there for me...
    kathytj kathytj
    10 Responses Feb 15, 2009

    On The Brink Of Disaster

    My husband and I have been married for 8 years. We've always done well, and he's prided himself on no late payments, EVER. Until now. Of course, this is 2.5 years after purchasing my small business and he bought a franchise in Dec. 2009. His company was in financial trouble; we...
    sugarsmax321 sugarsmax321
    41-45, F
    6 Responses May 24, 2010

    Suggestions Of Other Options Besides Personal

    Bankruptcy It is simple math; when you owe more than you are able to pay off, a bankruptcy is the likely solution. If this sounds like you, start familiarizing yourself with your state laws. The laws governing bankruptcy vary from state to state. Your home and other major...
    attornieshub attornieshub
    36-40, F
    Jan 9, 2014

    Bankruptcy Survival

    It's been a long road. Sleepless nights, gritting my teeth until they broke, unable to function at work, unable to enjoy anything about life. What had I done? I divorced after 30 years of marriage and seemed by time I realized the divorce would not kill me I woke up under a...
    Barbara2000 Barbara2000
    3 Responses Aug 18, 2012

    My husband and I are facing bankruptcy.

    My biggest fear is getting our case dismissed when we need this desperatley to have a financial stable future for us and our daughter...
    klorene klorene
    26-30, F
    Jul 20, 2015

    Loosing Everything At Age 60

    Im so depressed, can't seem to face any of it.
    malachi05 malachi05
    3 Responses Aug 19, 2012


    I feel so irresponsible and like a bad person. My spouse and I have been married 30 years and always paid our bills, and now we can't. Why does that make me feel worthless? Credit couselor didn't help; kept clucking her tongue disapprovingly, and saying "oh my god" as...
    beauvb04 beauvb04
    3 Responses Mar 16, 2008

    I Am Facing Bankruptcy

    Most of it is cc debt. What should I do?
    nikkiestone nikkiestone
    2 Responses Aug 13, 2013

    My parents can't buy me the antidepressants

    that I desperately need, and now I just want to die even more.
    bandgeekavery bandgeekavery
    16-17, T
    3 Responses Mar 29, 2015
    klorene klorene
    26-30, F
    Jul 26, 2015

    I Filed Chapter 7 - Still Going Through It

    I've always had great credit and never had a late payment on anything. I was afraid of payments getting to the creditors even one day late. I was with the same company for 15 years. I got my MBA the last two years I was with the company. At that point, I decided to start my own...
    jdh5484 jdh5484
    5 Responses Apr 27, 2008

    Finding A Job After Filing For Bankruptcy?

    I'm 27, and unfortunately had to file for bankruptcy right before my birthday. The process was long, just like any case, and I undoubtedly feel it was the best decision I could have made for myself. However, after bouncing around with jobs this year, I have had a huge struggle of...
    NotSureWhatToDo162 NotSureWhatToDo162
    31-35, M
    4 Responses Oct 2, 2013

    Met With My Lawyer

    I met with a bankruptcy lawyer yesterday and will probably use him to file.  Thank God with my job I get a 25% discount on his fees.  I'm eligible for Chapter 7 since I'm current with my house and I've deferred the car payments that I was behind and now have started...
    Maben1 Maben1
    31-35, F
    1 Response Nov 3, 2009

    Not Sure What to Do...

    I am 23  Pursuing my Masters Degree in Special Ed certification.  Graduated from a wonderful university and working in a job that I absolutely love.  Problem is, my field does not pay much when you lack either teaching certification or a masters.  I work at a...
    sufikitkat sufikitkat
    Jan 7, 2009

    Breen Associates: Bankruptcy Litigation

    Support Breen & Associates helps attorneys, law firms, and trustees get to the bottom of a bankruptcy's claims, its evidence, and its often undisclosed money trail. Our past work with complex bankruptcy litigation has honed our skills in all related investigation and support...
    iagoscott iagoscott
    51-55, M
    Apr 16, 2015

    My Family Is Facing Bankruptcy

    Hi. I am a teen a family facing bankruptcy. My Parents own a country store, we serve food and sell grocery and thrift items. But with this difficult economy we are seriously considering bankruptcy. The Bank took all of our savings right out of our bank account so now we cannot...
    stharleigh stharleigh
    6 Responses Nov 29, 2011

    My wife and I are getting ready to file.

    We have retained an attorney. We make decent money, but have fallen behind with our taxes and rack up 50K in credit card debt. We own 2 houses, one which we have let my brother and his family stay rent free and also let them work with us and paid them under the table for the...
    dejokie dejokie
    4 Responses Jan 25, 2014

    Bankruptcy Causing Depression

    I am a pretty savvy and intellectual person, yet I find myself in a situation I could never believe I would ever be. My love is of numbers and I can analyze anything. I have a finance background and understand what is a good investment vs. a bad investment. The problem is I...
    ccostello3 ccostello3
    3 Responses Sep 7, 2010

    Can't Take the Stress From All This

    At 43, I'm facing having to file bankruptcy and perhaps foreclosure.  I've never missed a bill and have been loyal to several credit cards since the age of 18.  My cheating ex gave me Hep C, which was devastating, and I found out I had it through a routine physical...
    ILGuy ILGuy
    9 Responses Mar 29, 2008
More Stories