Bankruptcy

The bill collectors have to get paid

Some people obviously think no matter what, the bill collectors have to get paid. One of the books my bankruptcy lawyer gave me to read said that certain things ALWAYS come before the damn bill collector. Those few things include rent, utilities, car payment & insurance, student loan(s), medications and other things that are considered more important than adding to the bill collectors’ commission. I believe under certain circumstances such as your roommates, there should be some slack to allow for one to get back on their feet (if at all possible). Not everyone can live up to Arts idea of perfection when it comes to finances. After all, this is an imperfect world, which is why bankruptcy was invented – for the rest of us imperfect suckers. Also, you can become a vegetarian — that’ll cut the grocery bill in half! I think that some people file bankruptcy just…

Bankruptcy

Bankruptcy isn’t discussed here very often

Bankruptcy isn’t discussed here very often, but I am glad that it was. Almost everyone I have corresponded with online who has gone thru BK say the same thing you do.. that they wish they had filed sooner. Amazing how these predators don’t even wait til one has their discharge papers before they start stuffing the mailboxes full of offers for credit. Some of them are just dreadful with fee after fee. I guess they are hoping some people are desperate. Of course one of Capital Ones Vice President said the “newly bankrupt are itching to get their mitts on plastic and would swallow high interest to get it. Ha! Capital One is itching to get THEIR mitts on everyone’s money. They are not in my wallet! None of them are. I don’t trust them. I was listening to a financial expert on the radio yesterday. She talked about credit…

Bankruptcy

Bankruptcy isn’t called “protection” for nothing!

Bankruptcy isn’t called “protection” for nothing! Have you ever noticed on a newscast if they annouce a big co has filed bankruptcy? They always say “Delta Airlines filed for BANKRUPTCY PROTECTION today”. Can you imagine some CEO sitting at his desk crying and beating himself / herself up as a “terrible” person because they are in the hole ! Do they start eating a diet of beans and rice to save the business? Do they hold a yard sale and start selling on ebay? Do they go out and deliver pizzas? Hey, I don’t think so!!! They look at the numbers and do what they have to do to protect their business and that is exactly what people need to do. Protect themselves and their family and consider filing bankruptcy if they can’t pay off debt in a timely manner. That’s really a bummer the way you were treated. I…

Bankruptcy

Just a little personal note here

Just a little personal note here…. Several years ago I was looking at in the ball park of $30,000 in debt (credit cards, personal loans, medical bills,etc) because of no one’s fault but my own. I built of the bills and lived a very free spending life style. Well then I lost my job and was suddenly without any way of making my minimums or paying anything else. I tried very hard to, I went and talked to a lawyer about bankruptcy and was going to file for it, just to get a clean start and turn my life around (I was only 24). Well unfortunately my father suddenly passed away and I came into enough money to pay off all my debts, and I did. I called each creditor explained that I could pay them off, got current balances, did check by phones and mailed checks. What ever they…