Hello!
Date: Thu, 03/05/2009 - 17:10
I've been borderline on the decision to file bankrupcy or not. Going back to school and quitting a very financially rwearding job has some very severe consequences. In the end it will be worth it, but the rewards are at least 2 years away. My car got repoed, my husbands credit cards are in default, one of his student loans is in default and our income tax was taken for that after we paid back the IRS. I've been mad at my husband over this because through it all we could have made his min payments but he chose to not tell me that he was behind until it was too late. I have a 5K hospital bill I am trying to get a grant for to get paid but it's not looking too hopeful right now. I have applied for government assistance and I think my caseworker hates me. My hours have been cut in half at work. the only thing I do have going for me is a healthy family, rent paid, my cc bills paid, and most basic bill needs paid. I am having to throw in any extra money we have into getting my husbands student loans back on track because even in bankrupcy those things don't get discharged. I'm upset to be even thinking about bankrupcy because my credit really don't suck, his does. If the car debt wasn't so big I wouldn't even think about it but I doubt I'm ever going to have 17k to just pay back even on a payment plan, well maybe if they decided to take 50 a month for the rest of my life. Husbands student loans are the debt to fix first then CC's. Hopefully this won't take me a million years to get fixed. I'm hoping on the inside of 6 months with the new budget I've worked out.
The sacrafices we have made for me to go to school and for my kids to have a good school is worth it,.. it will be worth it but the reward just seems to be too far away right now.
I'm just moaning and groaning here. I always think of something. This will work out through some hard effort and some more penny pinching.. This will all be worth it.
It's not all bad. My husband still has a very good job working for the state and he is much happier with out the stress of his old job. Our family as a whole is a lot happier and healthier. I just feel like I traded in one stress for another *lol*.
Thanks for listening!
Hiya FYI! So good to hear from you. Whoa, and so sorry to hear o
Hiya FYI! So good to hear from you. Whoa, and so sorry to hear of all your debt problems, I can relate! Take good care!
Hi!! Good to see you! I'm sorry to hear about your troubles.
Hi!! Good to see you!
I'm sorry to hear about your troubles. Thank God for your good fortune, though.
Here's a thought..In order to save your good credit, can your husband file bankruptcy in his name only and leave you out? Might save you some money and headaches in the long run.
I am truly sorry to hear about your situation. Everybody has dif
I am truly sorry to hear about your situation. Everybody has different situations but I do know what it feels like to be overwhelmed with debt and it certainly isn't fun. Hang in their. My prayers are with you and your family.
The only problem with only one of us filing is that the car was
The only problem with only one of us filing is that the car was in both of our names so it would be resolved on his end but not mine. I hate it that I've worked so hard to rebuild good credit. My credit cards are on time, my small personal loan from the bank to build credit is on time, everything else is on time on my end. Well except the car of course, and honestly that was my fault.
I can't make him understand the importance of good credit. He simply doesn't care and it is sooooooo frustrating for me!
Hi, Nice to see you again. I am very sorry to hear about
Hi,
Nice to see you again.
I am very sorry to hear about your debt woes. In this economic downturn, we all are passing through financial stringency. I can understand your problem. My prayers are always with you.
Don't worry. There is a new world in the morning waiting for us. I believe it.
Jason
Well, I have come up with a solution to have most of my debts pa
Well, I have come up with a solution to have most of my debts paid off before bankrupcy. I will have my 2 credit cards paid off (one next month), the other paid off by November and my loan with my bank I was told I could reaffirm (sp), but I hope to have even that mostly paid off (if not completely) by January 2010. I was mostly worried about this loan because I've worked so hard to build good credit with my bank because ultimately I want them to finance a mortage for me about 3 years after I graduate nursing school. The only debts of mine that will be included in the bankrupcy will be my repo car balance and some other old debts. I understand that bankrupcy will close even my good accounts but it's worth it to have them paid off on my credit report.
I decided to go ahead with the bankrupcy plan because it is going to take me over 1 year to get my husbands student loans fixed out to something that can be even remotely manageable. As is right now they have a hold on our income tax refund and I have having major difficulty with the new company that is handeling it. Also, with the addition of his total debt leaves me with no choice.
So, while I am not happy at all and quite embarassed over this entire situation it is the best solution.
FYI!!! IT is so good to see you, I have missed you! I am sorry a
FYI!!! IT is so good to see you, I have missed you! I am sorry about all your financial problems, been there, probably done that!
You know, you have to do what ever will help you out, and there is no reason to be embarassed about it. Times are tough, and people have to keep going any way that they can.
I am glad to hear your family, health and school are going good. You are right, in the end it will all be worth it for a better future, and it is hard to see that from where we stand.
Just keep putting one foot in front of the other and it will work out. It is kinda like our Christmas Parade. You watch the parade and know that it will be good at the end(because Santa will be there), but the parade is long and it seems like it will never end so you can see him--but the end comes and you find out it was worth waiting for all along!
Good Luck--you and your family will be in my prayers..KAren--I am here if you need to talk,,
