Bankruptcy

[natedogg323]

I haven't posted on here much over the last month or so. I have been battling with depression and financial problems. Not too mention my job which has been increasingly sucky of late.

My financial situation has been bad for a long time and due to law changes in Michigan I assumed that I wouldn't qualify for Chapter 7 bankruptcy. So I delayed in my pursuit of filing for bankruptcy. Well on Saturday I was served papers for a law suit against me. I now have 21 days before they will pursuit wage garnessment against me. I have roughly 45 days before that will take effect. "IF" its sucessfull, which it will be, as I owe them money, I will have to move back home and quit my assistant managers job. Why you ask? Well simple I live check to check. I have really cheap rent as I live with a friend and not in a regular appartment here in ann arbor. I will not be able to afford to continue living out here. So I am now forced into filing for bankruptcy, which I found out today will cost me roughly $1200. I was going to buy a car with that money as i haven't had a car in over a year. Everytime I try to move my life in a forward, positive direction some bullshit comes along and knocks me off track. This whole thing fuckin sucks.
I mean I guess I could look at the situation with rose colored glasses and say that at least I'm taking care of something that was an enevitable in my life. Their was no way I would get out of debt without filling for bankruptcy. I'm in debt well into a 5 digit number. So its a positive in that reguard. I I'm sorry to be negative I'm just really upset and depressed and needed to talk to my jub friends.

 

[Croynan]

Are you filing this b/k on your own or with the advise of a lawyer? It is critical you know your rights, as certain things can be left out of a b/k.

One other thing, when it is time for you to go to b/k court - please make sure you have someone you know well and feel comfortable with go with you. Tis important for you emotionally.

I am truly sorry this has happened - the thing to try and deal with the most is not to let yourself fall into the trap that you are a bad person because of what you are doing. Be careful of that one.

eM.

 

[natedogg323]

Are you filing this b/k on your own or with the advise of a lawyer? It is critical you know your rights, as certain things can be left out of a b/k.

One other thing, when it is time for you to go to b/k court - please make sure you have someone you know well and feel comfortable with go with you. Tis important for you emotionally.

I am truly sorry this has happened - the thing to try and deal with the most is not to let yourself fall into the trap that you are a bad person because of what you are doing. Be careful of that one.

eM.

I had a consultation today with a lawyer and based on some info I gave him on some of my "biggies" I would most likely qualify for chapter 7 bankruptcy. I have really no other option at this point. If I don't file I will be garnished and unable to continue with my career at my company. Moving back home is NOT an option. Thanks for the rock solid advise. I never thought to bring somebody with me that I can lean on for emotional support. I'm not sure if I have that person here in my life right now. I was shaking at work today I was so stressed out. I'm not sure how I'm going to handle it, but its only been a day since I've made the decision to file and I have had a major headache all day.

 

[looseliam]

You might be stressed out for a while, but some of us have been there before. It will come to an end, and once again you'll be able to hold your head above water and breath.

Try and keep a positive outlook and try not to let it eat away at you.

All the best to ya, hun.

 

[GL]

Nate, I'm sorry to hear about your troubles. Now this is just me, but I think you've already done the hard part, you looked at your options and made a decision that will make your life better. Sure it sucks to be in debt, most of us all have to deal with it in some form or another. But in your situation you decided to take this head on and are moving in that direction. Good for you man. I have no advice I can give you that these fine gents haven't already said. All I will say is best of luck to you and feel free to lean on us when you need it.

 

[Yuki Sohma]

natedogg

Hang tough you are moving in the right direction.

When things would get tough for me, Al, a dear dear friend of mine, would always remind me that "This to will pass."

Good luck..............

 

[natedogg323]

You might be stressed out for a while, but some of us have been there before. It will come to an end, and once again you'll be able to hold your head above water and breath.

Try and keep a positive outlook and try not to let it eat away at you.

All the best to ya, hun.

Your right...I can't let it eat at me. Thats not going to do any good

Nate, I'm sorry to hear about your troubles. Now this is just me, but I think you've already done the hard part, you looked at your options and made a decision that will make your life better. Sure it sucks to be in debt, most of us all have to deal with it in some form or another. But in your situation you decided to take this head on and are moving in that direction. Good for you man. I have no advice I can give you that these fine gents haven't already said. All I will say is best of luck to you and feel free to lean on us when you need it.

Thank you. I will definitely need the help of my jub friends.

natedogg

Hang tough you are moving in the right direction.

When things would get tough for me, Al, a dear dear friend of mine, would always remind me that "This to will pass."

Good luck..............

Thats a awesome statement. I've heard that somewhere before. I'm not sure where but I like that. I will try and remember that as I'm going through this process.

Thanks to all that posted. Your positive comments really made me feel a lot more relaxed. I was soo afraid that I was doing something wrong and I felt like I was a horrible person, and second class citizen. After all your kind words I feel less like a dog and more like a person that has made some bad choices but is getting a fresh start to do the right things from here on out. I'm very lucky to have a place to come too where people truly care about one another enough to take time out of thier lives to help and support a person in need. I love you guys.

 

[antdak]

I had to declare bankruptcy 2 years ago. So I feel for you. I can be a very scary ordeal. It was beacuse when my wife left me, she was not paying on some medical bills, that i thought she was taking care of, but when they could not get ahold of her, they came after me, bacause we were still legally married. So when they threatend to garnish my wadges, I went to a Credit Counseling Service, but they could not stop the garnishment, but he did suggest, that I might be able to thru bankruptcy, he gave me a lawyers number, and had a consult with him, and most defiantly I was able to file. It did cost, but that amount is far less then erasing a huge debt. I'm glad I did, to be able to get a fresh start.
Hope things turn around for you soon, NATDOGG, it is a scary thing, but in the long run it will all be worth it. There is a light at the end of the tunnel!

 

[eddielee]

Just consider this as an unpleasant, but temporary event in the path of life. Money stresses can be the worst, so I really feel for you. Do what ever you have to do to get back on your feet. Allow other people to help and support you, emotionally and otherwise. You'll get back on course in due time. Almost everyone has had a period in life when everything comes crashing down. In starting over, you sometimes wind up with a better life than you had previously.

By all means, let it out and talk about it, as you are right now. Talking is good therapy. I am concerned about your depression. If you get too overwhelmed, please see a doctor, even if friends or family pay for it.

 

[Kurn]

Thinkin about you, Nate. Let us know.

 

[knotty223]

Dude you might want to visit this website/forum

http://creditboards.com/forums/index.php

I found that board not too long ago when I was looking for info on how to get my fico scores up to get the best possible rates for a car loan. Anyway they have a lot of info there that can help you like repairing your credit after a bankruptcy and/or dealing with your credit card providers and collection agencies.

 

[cocktales]

ND:

Sorry sweetie for all your problems.......

.........But, like you said, it was inevitable and now that it's finally happening, the fact that you have to file bankruptcy, then you can get on with your life!

OK, first, swallow that BIG pride of yours!

It's NOT the end of the world to file bankruptcy; but it does carry some long-time marks on your record..........I think 7 or 11 years.......whenever asking for credit, that is one thing you will forever have to admit, that you have gone through a bankruptcy.....NO big deal; but again ego thingy!

Babe, suck it up, you can do this........just tell it like it is to who ever asks and try NOT to be defensive about it, K?

I hope you know that you are among friends here at JUB and we will always be here to listen and support you my friend!

Now, you do what's necessary and keep that head held high!

 

[treanir]

Like others said before me: this will pass. It may be shit, but at least it's temporary shit. Not filing for bankruptcy means that you have to get out of debt yourself, which is hard, not to mention stressful. The repo man is always on the other side of the door. During your bankruptcy, you get your debts taken care of and (as far as I know - I don't live in the USA) when you're done, you're done. The debts are gone and you can start working on a new life with new financial options.

Make sure that you know how to balance a checkbook, even if it's extremely tight. Keep this in mind: it's temporary. It will go away.

 

[PieRules]

Sorry to hear about your financial troubles. It must be a really tough situation, but we care how you feel and don't view you anything less than what you are - a caring individual making his way through life as best as he can. Don't ever make yourself feel like a second class citizen because you aren't. It's all about perspective and learning from your mistakes. Keep that chin up.

 

[natedogg323]

Thanks to all of you that have posted. I will have to keep this thread near by. The kind words that ya'll have said really touched me tonight. I know I will need you through out this process and I will try my best to keep my head up and keep as positive as I can.
The depression I'm going through right now isn't just the bankruptcy. I was starting to talk to someone who "seemed" to really like me. We would talk on the phone for hours and he said that my weight was a non issue. He and I finally got to meet a couple of weeks ago and he has since told me that he's not interested in me anymore. 'I'm too fat" So sorry to get off topic but I really depressed and the whole bankruptcy thing is just another piece to my problems. Thanks for listening and I love you guys sooo much.

 

[looseliam]

I posted this in another thread this week, but find it apropos:

A man fall into a deep hole. A doctor walks by. He yells up to the doctor:
"He doc, I'm down here. Can you help me?"

The doctor writes a prescription and throws it down the hole and leaves.

A priest walks by. The man yells up:
"Father, please, can you help me?"

The priest writes a prayer and throws it down the hole.

Then his friend walks by. The many yells out:
"Hey, Dan, it's me. I fell down this hole. Dude, help me!"

The friend jumps into the hole with him. Puzzled, he asks Dan:
"Why'd you do that for? Now we're both stuck."

Dan replies:
"Yes, but I've been down here before and I know the way out."