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I Am Facing Bankruptcy

Personal Stories, Advice, and Support 321 People

    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 42 Responses Aug 21, 2008

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    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 51-55 3 Responses Jan 25

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    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 46-50 3 Responses Aug 18, 2012

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    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

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    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 46-50 1 Response Sep 28, 2013

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    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 36-40 6 Responses Mar 17, 2013

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    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 36-40 3 Responses Sep 7, 2010

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    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 46-50 5 Responses Apr 27, 2008

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    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

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    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 13-15 6 Responses Nov 29, 2011

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    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 22-25 Jan 7, 2009

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    Need Major Help

    I have a court date in four days regarding a credit card I fell behind on after losing a job a few years ago. I'm now working full time with a decent income but still can't afford to pay this card, or the other three debts I had like up. Between the three cards and the phone my...
    viperman viperman 31-35, M 3 Responses Sep 13, 2012

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    Question For Qualified: Is There A Way To Protect Your Home In A Chpt 7?

    I have met with three attorneys through the initial phase of interview for a CH 7 BK. Each says that although a BK filing for a CH 7 involving credit card (unsecured) debt should go through and be discharged fairly routinely, that there is a possibility that the mortgage holder...
    1VOICE 1VOICE 46-50 3 Responses Jul 22, 2012

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    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 66-70, M Mar 27, 2013

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    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

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    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 22-25 2 Responses Jul 13, 2010

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    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 31-35, F Jan 9

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    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 51-55 10 Responses Feb 15, 2009

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    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 51-55 Sep 22, 2013

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    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 26-30 1 Response Apr 24, 2009

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    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 36-40 1 Response Apr 9, 2013

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    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 31-35 3 Responses Jan 2, 2009

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    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

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    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 1 Response Apr 8

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    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 46-50 11 Responses Mar 7, 2009

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    Emotions

    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 46-50 2 Responses Mar 16, 2008

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    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 26-30 Aug 9, 2012

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    Chapter 7, Then 13

    We filed a Chapter 7 in 2003. Now in Chapter 13 since 02/2011. I want everyone to know that you will get through this. It is so hard. But you can do it. I will be reviewing posts and commenting to share my experiences. I have learned so much and realize that the attorney does not...
    dwatson1 dwatson1 36-40, F 4 Responses Apr 20, 2012

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    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 26-30 4 Responses Jan 3, 2011

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    Lost

    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...
    outoftime1 outoftime1 46-50 5 Responses Aug 30, 2008

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    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 1 Response Aug 17, 2012

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    Encouragement

       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

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    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

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    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 36-40 2 Responses Nov 14, 2012

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    Loosing Everything At Age 60

    Im so depressed, can't seem to face any of it.
    malachi05 malachi05 56-60 3 Responses Aug 19, 2012

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    Once Upon A Time....

    I was living in a hood called Rack City, where the niggas dont play 'round, so i went there and blew a couple rack on dem strippers. They all threw dolla billz but i was like nah i was droppin 5s, i was screaming "Rack city *****, rack rack city". Once i left i realized that i...
    Dragon12548 Dragon12548 70+ May 11, 2012

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    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 41-45 10 Responses Jan 20, 2009

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    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 36-40 2 Responses Nov 26, 2011

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    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 26-30, M 4 Responses Oct 2, 2013

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    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 36-40 9 Responses Mar 24, 2008

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    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 7 Responses Mar 16, 2008

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    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...
    ESTAHROX ESTAHROX 26-30 7 Responses Oct 1, 2008

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    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 46-50 2 Responses Aug 28, 2012

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    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

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    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

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    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 41-45 8 Responses Mar 29, 2008

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    Foreclosure

    I am scared, worried, and at odds with myself.  The house will be foreclosed on in just a month unless I can raise $12K.  I use to make that much money in a month when my business was doing well, but those days are long gone due to my own greed.  I fight back the pain and the...
    driggch driggch 31-35 1 Response Oct 4, 2011

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    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

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    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 46-50 2 Responses May 5, 2013

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    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 31-35, M Sep 19, 2013

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    I Am Facing Bankruptcy

    Most of it is cc debt. What should I do?
    nikkiestone nikkiestone 36-40 2 Responses Aug 13, 2013

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    I Made The Decision To File Bankruptcy

    My story seems to be typical: I was widowed about 7 years ago..my husband died suddenly of a heart attack, leaving me no life insurance (I THOUGHT there was some, but apparently he let the policy go). Since then , I have struggled...I was not working when he died, and after he...
    bluemoon410 bluemoon410 56-60 Aug 2, 2012

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    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 36-40 Aug 14, 2010

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