I went bankrupt today

[unloadonme]

Crikey Lukeee!

http://en.wikipedia.org/wiki/Bankruptcy

 

[Telstra]

people should learn not to use credit cards if they don't have any savings.

 

[maxpowr9]

people should learn not to use credit cards if they don't have any savings.

Sad but true. AmEx is notorious for this. If you don't pay your balance in full (which you should do with all credit cards), expect to get fees up the ass.

While it may be a relief to be debt free, it makes it difficult to get an apartment, any credit line or even a job. While it is rare, when companies background check you, they will see the bankruptcy and that will have to be something you will need to explain to them.

 

[Audio Tech]

Let's say you help finance something.

The person defaults and declares bankruptcy.

There are no assets for creditors after the secured creditors take what little there is.

You lose 30 grand.

They, of course, feel better because they now have no debt.

I've been on that side too. It sucked. It that case, they filed bankruptcy to dump credit debt. In my case I was forced into it after loosing a good career due to health problems. In MY case, I am very glad that an escape was possible, and I could heal and start over. But yes, a lot of people totally abused the system. That's why they made it much tougher now.

 

[roadtripboy]

I've been on that side too. It sucked. It that case, they filed bankruptcy to dump credit debt. In my case I was forced into it after loosing a good career due to health problems. In MY case, I am very glad that an escape was possible, and I could heal and start over. But yes, a lot of people totally abused the system. That's why they made it much tougher now.

Sorry...but the reason they made it tougher was: the banking industry spent a lot of money getting the then Republican controlled Congress to change the law. They only maked it tougher for consumers, not business.

 

[Telstra]

How can i borrow 1 billion dollar and filed for bankruptcy ?
I'm interested

 

[mxpxl199]

How disappointing that people are saying "congratulations" on the bankrupcy filing. I would say, sorry to hear it. It's terrible for the vendors, for all of us consumers who will pay for it with higher interest rates, fees or higher prices in general, and it's terrible for the person filing because he or she is renigging on a promise to pay for the goods or services purchased.

I would like to say Congratulations to all of the people on here who are living below their means, busting cash into savings even when they really would like a new this or that, and then using that savings when the unexpected happens instead of filing for bankrupcy. Congratulations to you...good work.

 

[bluedragon4]

Ballsy statement, coming from a grown man who had to turn to daddy to save him from his own financial shortcomings.

I come from an Italian family. We help each other out. My family loves me very much and I have a fantastic relationship with them. Thank God my dad could help me out. I spend my life taking care of mentally challenged adults. People who can't tie their shoes or wipe their butts. Some can't even communicate or feed themselves. I have been dedicating my life to them for 15 years. I have a crazy good heart and I know what's important in life. It's disgusting you would try and tear me down. You spit in the face of all the handicap people I have helped who can't afford to pay me. I lost 15% of my pay like I said above. Should I have walked away from my clients? Clients who trust me and need me? What should I have done Mr. Smarty pants? What good have you done for the world? All I have seen from you is some stupid jokes and a bullshit thread on how if people play your games you will out them but only if they follow your rules. Go do what I do and see if you can last one day. I bet you couldn't. do for others and then do for yourself. That's how I got in financial trouble. And to some of the rest of you take into consideration that it goes beyond frivolous spending.

 

[bluedragon4]

I think his point was, you were so eager to rub salt in the wound of another that dealt with the side effects of bankruptcy, all the while having a bail out for your situation. What you do for a living - commendable as it may be - is wholly irrelevant(and in my humble opinion, those that do this kind of caring and compassionate work don't throw it up in peoples' faces as a "trump" card).

By the way, you shouldn't really talk about his thread in the celebrity section, seeing as both of you play at speculation - you with your blind items and him with his flat out temptations. Neither are better than the other. Both are a game.

I didn't get bailed out. I did file. That is NOT a bail out. It was not a easy decision at all. My dad helped me when it was over. I can't win on this site. No matter what you say or what you do people jump on you. It's not just me. I see this all the time. It's not fair to jump on this guy or me for filing. I am simply saying there is more to it than frivolous spending. My profession comes into play. How is it irrelevant?!!!!!!!! I lost 15% of my pay?!! What part of this are you guys not getting? I need a sledgehammer. Ridiculous that no one gets this. It's all about my line of work! Trump card!!!! WOW!! Maybe it is me. Maybe I see more into people's hearts and have compassion. I see little compassion on JUB. And the blind items I post are not knowledge I have. He claims to really know.

 

[bluedragon4]

Precisely.



That would be rather arrogant of me to answer.

I'll let others decide.

I get it, nothing. You keep getting thrown off JUB so you must be a shady character.

 

[roadtripboy]

I didn't get bailed out. I did file. That is NOT a bail out. It was not a easy decision at all. My dad helped me when it was over. I can't win on this site. No matter what you say or what you do people jump on you. It's not just me. I see this all the time. It's not fair to jump on this guy or me for filing. I am simply saying there is more to it than frivolous spending. My profession comes into play. How is it irrelevant?!!!!!!!! I lost 15% of my pay?!! What part of this are you guys not getting? I need a sledgehammer. Ridiculous that no one gets this. It's all about my line of work! Trump card!!!! WOW!! Maybe it is me. Maybe I see more into people's hearts and have compassion. I see little compassion on JUB. And the blind items I post are not knowledge I have. He claims to really know.

Not all of us lack compassion. I know from experience this is not a option you choose lightly. If the shoe was on the other foot, these folks would be singing a different tune.

Don't let them drag you down. You did the only thing you could and what the people here think about it doesn't matter.

 

[bluedragon4]

Not all of us lack compassion. I know from experience this is not a option you choose lightly. If the shoe was on the other foot, these folks would be singing a different tune.

Don't let them drag you down. You did the only thing you could and what the people here think about it doesn't matter.

Thank you It was hard decision. I had great credit. It was hard to let it go. I was not late on any bills till my lawyer told me to stop paying. Even that was hard for me to do.

 

[bluedragon4]

Not shady enough to post blatant lies about my fellow JUBbers.

I've been thrown off JUB one time, for a very brief period of time, and under very unique circumstances.

Huh? I have no clue what this means at all. You were thrown off. There is a whole thread on it.

 

[bluedragon4]

Good Lord, are you dumb...and you're continuing to lie/smear.

Let's break it down...

Lie #1:



Again. This only occurred ONCE. What you're saying here is that I'm a repeat offender, which is flat-out untrue.

Lie #2:



My banning was referenced in many threads, but I certainly don't recall there being a thread about it.

If you have a link, by all means, please share.



Now...you wanna do us all a favor and stop with this bullshit?

http://www.justusboys.com/forum/showthread.php?t=324996 I'm sorry who is the bullshitter? You forget this already? It was just a few days ago.

 

[bluedragon4]

How imformative!

Didn't you ask me to post it it? I must be dumb because you are really odd. Good luck to you.

 

[bluedragon4]

I'm kinda annoyed that I even posted my thoughts in the first place. I don't have time for these firefights anymore; when people begin to depress you, you've let them in a little too much. My mistake!

I'll just remember to do what i've been doing; one credit card, live within means, save save save, splurge once and month and show big bank asshats that i can pay it back quickly.

...and pray nothing out of your control happens. That's where the problems set in.

 

[wooffy]

...and pray nothing out of your control happens. That's where the problems set in.

Yeah, like when your household income drops to 30% of what it used to be!

 

[star-warrior]

Being of farming stock, dad always impressed on us the importance of making '"last season's crops lasting until this season's crops".

Budgeting is my advice - save aside for a rainy day. I usually place loose change and coins in a tub so I don't have to carry around the weight.

Need and want are what you'll have to choose between. If you can do without something, forego it. If you actually need it, save up for it rather than buy on credit. IT makes it all the more worthwhile than instant gratification of credit card purchases.

 

[bluedragon4]

Yeah, I asked you to post the link to this supposed "whole thread about my banning" you mentioned.

And you gave a link to a thread that chace OP'd about petitioning to bring me back...even though I already was back, hence my being able to get the first response.

It then quickly turned into a conversation about JUB nicknames, not my ban.

But alright. Maybe you're not dumb. Perhaps you just get easily confused.

Are you sure you didn't fall into bankruptcy from, like, mixing up commas and periods every time you wrote a check?

Double-check your carbon copies...



In a nutshell, the best advice in this thread.


That said, for the vast majority of Americans, it's becoming nearly impossible to do so. Even if they budget carefully and live cheap.

Credit card debt is quickly becoming an absolute necessity for almost everyone in this fucking criminal-enterprise country we live in. The lower and middle classes are getting raped.

But things still aren't bad enough that one can't keep things in control enough to avoid something as severe as bankruptcy, as long as they use some basic financial common sense.

Not bad enough...yet.

LOL, u make me giggle. You are like a clown in a circus. You think more of yourself than you should. And you glossed over EVERYTHING I said. You just pick what you wanna talk about. You won't even address anything. DEFLECTION is the word of the day kids.

 

[frankfrank]

There's some good advice here, but I'm very disappointed to see all the vitriol, back-biting and attacks going on in here. Yes, there are some who "game the system" to their advantage, but that's become rather rare, especially in the nowadays world with laws making it FAR more difficult for INDIVIDUAL PEOPLE (or couples) to declare bankruptcy than it used to be.

Can't some of you please lay off others in here, and accept that some of the people in this thread had bankruptcies, and there was a reason for them, whether you can actually relate to the reason or not?

On the other hand, the law which got a far higher proportion of Republican votes includes sort of a "Corporations, PLEASE go bankrupt!" provision which, as I understand it, lets corporations go bankrupt rather easily with very few consequences. This approach seems to prevail in the Bizarro World politics of the 21st Century in this country.

I fear for my IRA retirement pension if too many Republicans are entirely able to set policy. Them and their allies DEFINITELY WANT to steal my retirement! If it becomes entirely deregulated, there won't even be any consequences or penalties, and companies will be able to do whatever they want...

I'm very happy for both of you, StS and bluedragon4, that the worst of your ordeals have already occurred. The really sad part about bankruptcy is that it doesn't allow a person, after the fact, to decide (and act) on compensating friends, and perhaps mom-and-pop businesses, whose debts were also excused. I guess it can be done secretly, but if you owed a lot of money to a major bank credit card and they somehow find out that you paid your friend the $650 you owed him and you paid the plumber the $422 that you owed them, I guess they can come back at you.

I don't really know how this works, but I've heard that it's not a good thing if word gets out on something like this.

All who shared, thank you for sharing and reminding us that it can happen to anybody. StS, you've said a little about it to me in person, but it isn't and wasn't my nature to ask and pry about it, because I could see that it caused you some distress.

In early 1998, I came AWFULLY close to losing everything. Within 57 weeks, the two of the three most important inventory buys of my lifetime occurred, and that was $60,000 in that short while...ALL of which I needed to run up on credit cards. I am not sure, but I believe my credit card debt MAY have briefly reached $100,000in early 1998. I busted ass for a few years, and got it all paid off by summer 2003. I was able to get it paid off, partly because of the quality of what I had bought in those two huge job-lots.

The THIRD of the three important buys was spread out in two parts, in consecutive ends-of-September 2008 and 2009 in Los Angeles which, in fact, was what put me in the position to go to the two western JUB meets...