I Am Facing Bankruptcy - Forum & Chat Board | Anyone out there that is in the middle of Bankruptcy?

I would be interested to see how things are going. I know I NEVER want to go through this again.

I am thinking of going through bk

i am thinking of going through bk

hi, my husband and I have just completed all the paper work and took the first finacial class that you must complete before you can file.  by next week, our petition will be filed.  Im nervous about the finality of this, but i'm finally feeling the weight slowwly lifting off our shoulders.  The collection calls are coming all the time now because we haven't paid in so long.  I just want them to stop! It has been a long experience for us because we were in a debt management program for a year before I got hurt at work and had surgery.  My salary all went to the DMP and when we missed our second payment they dropped us from the program. Interest rates went to default and there was no catching up.  It seems wierd to not care about my credit score anymore, before I had never missed a payment.  We will be able to keep our house and belongings, we are very lucky there.  The numbers worked in our favor and we are claiming chapter 7.  The paper work seemed to go on forever, I had to keep coming up with more statements and copies all the time.  The attorneys office just called me this morning and said this is the last item she needs and we will be filing next week.  Im not sure how to feel hearing this.  The hardest part is that we haven't told anyone, not even our three children. I honestly don't know how people would react, so my husband would like to keep it to ourselves for now.  I have a hard time with the feelings of guilt and disiapointment.  I have starting seeing someone to talk to about this and it helps alot.  I would recommend talking to someone if people around you don't know.  Please keep your head up and know that there are people out there just like you that care!

avgbg -> your post really hits home for me.  My husband and I are in a very similar situation.  How we got to this point is a little different than your story (but that is not really the issue).  We filed the paperwork last week.  I feel so sad, disappointed, embarrassed, and hurt to find that we are in this possition.  No one around us knows.  Not our families, not our children, not our friends.  I'm not sure how people will react when they find out, but I'm definately afraid of that day.  I just don't know where to turn.  I would look for a counsler or some one to talk to, but it isn't covered by our health insurance, and we simply don't have the money right now. 

I don't know if it helps you to know there is some one else out here feeling the same, but I do....

You are still the same person, just dealing with bankruptcy protection for honest debtors.  Hold your head high and do what you need to do to feel whole again -- that's what I am doing in the middle of bankruptcy. If our nation would pull together, we could all grow stronger...look for that on an individual basis and treasure the beautiful ones who love you even more because you are hurting. When you are strong again, that's the person you will be to others!

Hello,

Am seriously considering chapter 7 in the near future. Gone bust with a serious decline in IT consulting business, stocks turning worthless, home values declining sharply and the ex wife refuses to give a break in child support and alimony.

Actually, there was a time when I was so worried about credit score being trashed after achieving a score of 814 with payments on time for the past 26 years. But now the hippie attitude has stepped in and the satisfying thought is that all of this was absolutely unintentional, unexpected and unforeseen so why worry about it. Not being to pay is not a crime. I think it is time to pack up and travel all over the world and do selfless service in poor communities. Maybe just go back to my country of birth, India, and live up in the himalayas!!!!!!!!!

Daljit

I have told the whole world about my dire financial straits. After all, they all knew and tasted the life style of the millionaire status I had achieved earlier. As they say, when you tell the truth there is nothing to remember. Do no harm, think not evil is the way to live life. Actually, this decline in financial standards is bringing a lot of good. Back to simple living and high thinking. Who needs all these multiple mortgage payments, Benz leasing, etc, etc.

America is still a very blessed country. One doesn't need graduate degrees for a small, comfortable place with hot showers, a/c and cable tv. Oh yes, the fridge can be full of six pack too without being rich. I guess it is all relative. I lived in India and witnessed children eating from garbage bins in thousands. One billion of world's population lives in dire poverty not knowing where the next meal is going to come from.

So, let us feel blessed for what we have in USA and be thankful that we have laws in USA where you can file for bankruptcy and start all over again if you want to. There are many countries in the world where if you borrow and do not pay they will come to you and cut your fingers off to start with!!!!!!!!!!!!!!!!!

I have my ipod recording of Simple man by Lynyrd Skynyrd and moving on after filing chapter 7. I am actually leaving USA and going to start living in costa rica in the little cabina close to the beach. For around $1,000 bucks a month one can have a beautiful life with fresh fruits and vegetables to eat and simple folks around you who do not have ADT security systems and welcome you open arms and hearts.

Daljit

I have told the whole world about my dire financial straits. After all, they all knew and tasted the life style of the millionaire status I had achieved earlier. As they say, when you tell the truth there is nothing to remember. Do no harm, think not evil is the way to live life. Actually, this decline in financial standards is bringing a lot of good. Back to simple living and high thinking. Who needs all these multiple mortgage payments, Benz leasing, etc, etc.

America is still a very blessed country. One doesn't need graduate degrees for a small, comfortable place with hot showers, a/c and cable tv. Oh yes, the fridge can be full of six pack too without being rich. I guess it is all relative. I lived in India and witnessed children eating from garbage bins in thousands. One billion of world's population lives in dire poverty not knowing where the next meal is going to come from.

So, let us feel blessed for what we have in USA and be thankful that we have laws in USA where you can file for bankruptcy and start all over again if you want to. There are many countries in the world where if you borrow and do not pay they will come to you and cut your fingers off to start with!!!!!!!!!!!!!!!!!

I have my ipod recording of Simple man by Lynyrd Skynyrd and moving on after filing chapter 7. I am actually leaving USA and going to start living in costa rica in the little cabina close to the beach. For around $1,000 bucks a month one can have a beautiful life with fresh fruits and vegetables to eat and simple folks around you who do not have ADT security systems and welcome you open arms and hearts.

Daljit

My husband 65 and I 61 are just starting to go through the bankruptcy process.  I am not used to not paying my bills on time and it is making me very depressed, can't afford pills or therapy right now.

I am finding the paper work to be consuming all of my time, energy and mind.  I am so scared, that we will not have even enough money for the basics.  I have things to sell but right now there are no buyers.  I have no one to talk to about this.  Reading your article has been a bit of  help. 

Thanks for sharing

Yeah I filed chapt 7 due to fact that I also owe irs.  Tax debt are not wiped out in chapt 7 but at least I will get rid of 5 credit cards....That my former partner used to get her present partner gifts. The only secured debt is my car.  You can go thru 722 redemption and have your attorney file a motion to get your car payment down, if you are upside down in the loan.  For chapt &  it cost me approx $1900   ...atty retainer, filing fee, and lein search.   The attorney fee for the 722 redemption  is betweemn $200-$600, this can be added to the cost of the 722 redemption loan.  You have to go online and take a pre-bankruptcy course $50 and a post filing course $15-$20

Then you go to the 341 meeting of creditors and then wait for discharge

At first i was crying and really upset.   Now I am so burnt out emotionally i really do not give a f.........

I have nothing, am nothing  so what else is new  I do not care about owning a home, buying a new car (or old car for that matter) rebuilding credit ...I may as well be dead for 10 yrs and at 55   I certaining will be dead at 65 

I just did that class on line that cost me $50.00 to file for bk, to start my Bk, I am just sick over this, I am so tired of the rich getting richer , and the poor getting poorer!!!!!!!!!!!! Ohio has the very worst laws for credtors collecting dept.  I dont think anyone will have a credit score these days. I wish I could talk with someone on this site , about the Bk on the phone, no one knows I filed for the chapter 7 .

I cant sleep, cant eat , this is very bad on all of us that have had to file for Bk, take my word on this , get your money out of the bank, use cash and get someone to write cks for your bills until this Bk is over with . The hard part I have and have had was getting all my account numbers and the correct address of the credtors, I owe

that credit report is not up to date, the address are wrong and your full account number is missing, so you need to call each credit card company and get the statments sent to you , then you need the address of the colection dept make sure you list everything you owe so no one can come back on you for a dept.

Can I keep my home? I dont have a clue I am currant on my house payment. , if you have a granish on you talk to me .   i sure could use someone to talk with . in ohio please . that is going through the bk,

keep your head up ,

jan

Ohio is the worst, going through same thing. Handing in paperwork next week to start process. Good luck

My emotions are drained but I have only just begun this roller coaster of hell I'm sure...