Life After Bankruptcy

Well, my husband and I used to have way more debt than we do now.  We filed for bankruptcy a while ago and since then, life has been easier in some ways, more difficult in others.

We still have tons of student loans to pay off and I have run out of forbearance time.  I don't know what else to do except go back to school part time.  We can't afford to pay them right now... I am the only one working while my husband goes to school.  So my measly paycheck sustains 3 people!  Although, not very well at times... one paycheck goes to rent, the other goes to daycare and bills.  I don't know how we've made it work, but we have.

I hate living like this.  I just want everything to be paid off.  The student loan people keep calling me and I don't know how else I can tell them that I can't afford it!!  I don't qualify for a low-income deferment.  Apparently, I make to much money for that.  I guess they weren't counting on people having to support 3 people on what I make. 

But what really angers me is that I am only over the poverty line by, like $70 annually.  We found that out when we applied for food stamps and got rejected.  They recommended we have another child so that we would qualify.  Idiots.  Seriously though... I could qualify for all kinds of state and federal help if I took a pay cut or got a divorce.  We would be living better if I was making less money, or if we never got married.  That is just plain nonsense.
frontier frontier
31-35, F
37 Responses Sep 29, 2007

I guess this is what looks like everyone's future sooner or later.. Sigh such depressing times X_X

I am a Paralegal and used to handle bankruptcy cases. I can not give legal advise but it appears filing bankruptcy is not as bad as it appears. Once you get a discharge, you can't file for another 8 or 10 years and bank's will start to provide credit. I think you have to wait a few years before buying a home.

Also I have credit cards that have shrank my credit limit even though I made the payments evert month and my min payment is $140.00 in interest. I have dug a hole for myself as well and wonder what to do..the credit card companies refuse to agree to anything in a way making it look like they want you to file bankruptcy.

Life sure is screwed up with the way goverments marginalize people that try to work their way out of debt but pay people not to try.

hi frontier, my name is Samuel and i want to help you out...i can do that if only you permit me to... can you check out right now for me... "" and what ever happens let me know. God Bless You...

Well first don't worry about it after 7 coz you can't do anything with it except worry. And know someone else is always in a worst position than you. Pay off what you can but make sure you have enough left to feed the family.

I was down 2m of my country currency 5 years ago now I am down 500k it's a slow process to get back and aging does not help at all.

You live and learn you become more cautious!

My fellow EP friends and American's you are not alone. What was once the middle class is soon to be no longer. It matters not how educated (with or without a degree, although a degree helps, but it also pushes you beyond the " bottom line" of profit margins for a company to reach its greed goal of the almighty dollar in terms of PROFIT. For those who venture to be self employed with your own business you become subjected to insurmountable wave of business fees, insurance, and taxes that there is no way to swim or jump into the black and will remain in the red "accounting perspective" ultimately to drown in expenses with little non profits.
As the population grows and influx of people of all walks of life trying to come to America under the principle of land of opportunity of the 50's through the 80's... The facts is America is not the country it used to be and our government is not what it use to be. The Great Depression of the 20's was horrible, however the country did not have the population that is has now. 2008 was its own unique tragedy and example of our country's financial status and the ability for big corp's to take advantage of us.
I regret to inform that unless something major truly and honestly changes in the way our currency and government is "governed" the next crisis will be more devastating to ALL than the 1920's and 2008 combined.
I suggest all who are capable to adjust your individual lifestyle in an attempt to live below your means, cut up the credit cards, begin to make your own produce in a small home garden, and start learning a craft or two to be able to provide a small humble product or service so that you can barter, trade, or trade in currency from a "community approach", because it will be a way of life soon.
I too am near bankruptcy. I have a disabled veteran wife and we have been battling the VA claim since 2004. Thankfully we now have secured legal counsel who is 110% engaged in the disability compensation for her service. BUT the battle may very be another 10 years which will be too late.
Bless you all and fight the good fight. Work smarter not harder.

Good luck to you all.