Had to File Bankruptcy - Forums at Psych Central



advertisement
Reply
 
Thread Tools Display Modes
Old 06-12-2019, 06:03 AM #1
LucyD's Avatar
LucyD LucyD is offline
Grand Poohbah
 
Member Since: Apr 2015
Location: USA
Posts: 1,762
LucyD LucyD is offline
Grand Poohbah
LucyD's Avatar
LucyD Summer is on the way...yech
 
Member Since: Apr 2015
Location: USA
Posts: 1,762

3 yr Member
1,641 hugs
given
PC PoohBah!
Question Had to File Bankruptcy

I am a nervous wreck and can't sleep since filing. I am on govt. benefits but I have quite a bit of debt. to try to get discharged. Not able to work at this point. Has anyone else been in this situation? I mean have you filed bankruptcy ever?
__________________
One way to get the best out of life is to think of it as an adventure.
William Feather


Medications: Risperidone-2 mg.daily, Propranolol-10 mg. daily, Gabapentin-900 mg daily, Melatonin-3 mg. at bedtime, Nicotine Lozenges-2 mg., Vape Liquid-3 mg., Women's One A Day Vitamins, 1 Potassium tablet
LucyD is offline   Reply With QuoteReply With Quote
Hugs from:

advertisement
Old 06-12-2019, 09:21 AM #2
TunedOut's Avatar
TunedOut TunedOut is offline
Member
 
Member Since: May 2019
Location: USA
Posts: 119
TunedOut TunedOut is offline
Member
TunedOut's Avatar
TunedOut has no updates.
 
Member Since: May 2019
Location: USA
Posts: 119 (SuperPoster!)

282 hugs
given
Default Re: Had to File Bankruptcy

Yes, I did. It was my fault because my attempt caused more that $300,000 in medical bills and I was also unable to work for a while plus I didn't want my husband (who is very financially responsible) to suffer because of me.

I am not proud that I didn't pay my bills. However, if we learn to be more responsible in the future--really examine our spending habits and mistakes then we deserve a 2nd chance. Bankruptcy gives people a second chance. Having a lot of debt causes a lot of problems making people less able to take care of themselves and others.

I recommend that you spend a lot of time looking at your expenses. For instance--can you downsize? Ie - Cut out your cable, move into a smaller place, rent a room, work to find a part time job (you can work on disability though it can cause you to lose it but we might be able to eventually make more money working than just being on disability). Take time while you are on disability to realistically assess how you can budget and eventually earn money. Don't start a job until you are ready. My anxiety does effect how much I can work. I can't handle 40 weeks as well as I used to but am now off disability and am trying to contribute to our family finances by earning some money. I am very lucky that my husband has a job but am trying to be a team player. If you are married, it is hard to become financially secure unless you work together. If you are single, it is important to figure out a way to put aside savings for a rainy day. It will be easier for you to save if you do not have debt. Putting at least $500 in the bank that you don't touch is a very important first step so you don't end up squandering the opportunity to start over financially.
TunedOut is offline   Reply With QuoteReply With Quote
"Thanks for this!" says:
Old 06-12-2019, 01:54 PM #3
LucyD's Avatar
LucyD LucyD is offline
Grand Poohbah
 
Member Since: Apr 2015
Location: USA
Posts: 1,762
LucyD LucyD is offline
Grand Poohbah
LucyD's Avatar
LucyD Summer is on the way...yech
 
Member Since: Apr 2015
Location: USA
Posts: 1,762

3 yr Member
1,641 hugs
given
PC PoohBah!
Default Re: Had to File Bankruptcy

Quote:
Originally Posted by TunedOut View Post
Yes, I did. It was my fault because my attempt caused more that $300,000 in medical bills and I was also unable to work for a while plus I didn't want my husband (who is very financially responsible) to suffer because of me.

I am not proud that I didn't pay my bills. However, if we learn to be more responsible in the future--really examine our spending habits and mistakes then we deserve a 2nd chance. Bankruptcy gives people a second chance. Having a lot of debt causes a lot of problems making people less able to take care of themselves and others.

I recommend that you spend a lot of time looking at your expenses. For instance--can you downsize? Ie - Cut out your cable, move into a smaller place, rent a room, work to find a part time job (you can work on disability though it can cause you to lose it but we might be able to eventually make more money working than just being on disability). Take time while you are on disability to realistically assess how you can budget and eventually earn money. Don't start a job until you are ready. My anxiety does effect how much I can work. I can't handle 40 weeks as well as I used to but am now off disability and am trying to contribute to our family finances by earning some money. I am very lucky that my husband has a job but am trying to be a team player. If you are married, it is hard to become financially secure unless you work together. If you are single, it is important to figure out a way to put aside savings for a rainy day. It will be easier for you to save if you do not have debt. Putting at least $500 in the bank that you don't touch is a very important first step so you don't end up squandering the opportunity to start over financially.
Thank you. I am not married. I learned most of what you said in the debt counseling courses they make you take. I get subsidized housing and cannot work now. I have besides my mental illness a physical illness where I only have so long to live. I was just wondering what happens in court and what the process is that happens. I am not proud of my bills either or the fact I can't pay them but have so many of them I was worried they might arrest me for having so many of them. Thank you so much for your efforts.
__________________
One way to get the best out of life is to think of it as an adventure.
William Feather


Medications: Risperidone-2 mg.daily, Propranolol-10 mg. daily, Gabapentin-900 mg daily, Melatonin-3 mg. at bedtime, Nicotine Lozenges-2 mg., Vape Liquid-3 mg., Women's One A Day Vitamins, 1 Potassium tablet
LucyD is offline   Reply With QuoteReply With Quote
Hugs from:
Old 06-12-2019, 04:43 PM #4
HappyCrafter's Avatar
HappyCrafter HappyCrafter is online now
I Am Craving FREE!!
 
Member Since: Jul 2017
Location: MO
Posts: 2,761
HappyCrafter HappyCrafter is online now
I Am Craving FREE!!
HappyCrafter's Avatar
HappyCrafter I am happy my blog is coming along nicely!
 
Member Since: Jul 2017
Location: MO
Posts: 2,761 (SuperPoster!)

1 yr Member
4,665 hugs
given
PC PoohBah!
Default Re: Had to File Bankruptcy

Omg, LucyD, I am so sorry to hear this! I wish I could help you out somehow. I am glad you are talking about it on here and have this place for support.

Girl, you are in my prayers! xoxoxoxox
__________________


https://inspirebullystop.com

https://myviciouspsychopathmother.com

https://www.recoveryinbalance.how/p/welcome.html

#bulliesinrecovery #inspirebullystop #inspirebullyheal
#sobrietyproud #alcoholrecoveryproud
#myviciouspsychopathmother #myfamilytaughtmehatred #myevilsiblings

Health issues: Happily Recovering Alcoholic, Complex PTSD, Clinical Depression and more...
HappyCrafter is online now   Reply With QuoteReply With Quote
Old 06-12-2019, 05:58 PM #5
TunedOut's Avatar
TunedOut TunedOut is offline
Member
 
Member Since: May 2019
Location: USA
Posts: 119
TunedOut TunedOut is offline
Member
TunedOut's Avatar
TunedOut has no updates.
 
Member Since: May 2019
Location: USA
Posts: 119 (SuperPoster!)

282 hugs
given
Default Re: Had to File Bankruptcy

Quote:
Originally Posted by LucyD View Post
Thank you. I am not married. I learned most of what you said in the debt counseling courses they make you take. I get subsidized housing and cannot work now. I have besides my mental illness a physical illness where I only have so long to live. I was just wondering what happens in court and what the process is that happens. I am not proud of my bills either or the fact I can't pay them but have so many of them I was worried they might arrest me for having so many of them. Thank you so much for your efforts.
I am so sorry to hear about your life being cut short. I have no idea how that feels but we all will eventually find out ). Please message me anytime.

Court will be simple, a few yes or no questions. Assembling the paperwork is the hard part. Your situation is exactly what bankruptcy is for--when your life is limited, no one should have to worry about bills, plus, you are tying up "loose ends" so it will be simpler when you eventually aren't with us.

A long time ago, when my mom was told she had 6 months to live--she stuck around for two more years. My sister who cared for her said there were some good moments they shared some of the time during her last two years (I lived on the other side of the country and my kids were babies). If you have been given a time period--don't believe it, they don't know for sure.

I hope you are not in pain. Try not to worry and watch some comedy whenever you can. I have been watching some Carol Burnett Show Skits lately:
Tim Conway Harvey Korman "Fire At Will" (the cannonball sketch)
YouTube

Do you have netflix? We are currently watching the movie RV (we watch a 1/2 hour at a time) with Robbin Williams and it made me laugh. If you have Hulu: a few scenes from the Orville really made me laugh. I think I would want to just relax and watch funny shows on TV with friends or family. Do you have family with you? Again, try not to worry about court, the dishes, or anything like that--I hope you have some help.
YouTube
TunedOut is offline   Reply With QuoteReply With Quote
Hugs from:
"Thanks for this!" says:
Old 06-16-2019, 10:55 AM #6
splitimage's Avatar
splitimage splitimage is online now
Moderator
Community Support Team
 
Member Since: Mar 2006
Location: Ontario, Canada
Posts: 9,649
splitimage splitimage is online now
Moderator
Community Support Team
splitimage's Avatar
splitimage has no updates.
 
Member Since: Mar 2006
Location: Ontario, Canada
Posts: 9,649

10 yr Member
25 hugs
given
PC PoohBah!
Default Re: Had to File Bankruptcy

I filed for bankruptcy back in 2012. I wasn't working, had racked up 44K in credit card debt and bankruptcy was my only way out. I know laws are different in Canada than the US, but I found the process pretty painless. The hardest part for me, is you can only earn a maximum amount, before any excess goes to creditors and so I had to submit a monthly income statement to my trustee. It was also hard learning to live without credit cards.


I found the mandatory credit counselling to be really helpful.


I'm now trying to rebuild my credit and have a couple of low interest, low limit credit cards, that I use and pay off every month.


It does wreck your credit rating, but for me it was definitely worth it.


splitimage
__________________


"I danced in the morning when the world was begun. I danced in the moon and the stars and the sun". From my favorite hymn.

"If you see the wonder in a fairy tale, you can take the future even if you fail." Abba



Had to File Bankruptcy



As some of you may know, my blog is currently off-line due to some problems at my previous site host. I'm working with my web master to rebuild and get back on-line.
splitimage is online now   Reply With QuoteReply With Quote
"Thanks for this!" says:
Old 06-18-2019, 01:47 PM #7
LucyD's Avatar
LucyD LucyD is offline
Grand Poohbah
 
Member Since: Apr 2015
Location: USA
Posts: 1,762
LucyD LucyD is offline
Grand Poohbah
LucyD's Avatar
LucyD Summer is on the way...yech
 
Member Since: Apr 2015
Location: USA
Posts: 1,762

3 yr Member
1,641 hugs
given
PC PoohBah!
Default Re: Had to File Bankruptcy

Quote:
Originally Posted by splitimage View Post
I filed for bankruptcy back in 2012. I wasn't working, had racked up 44K in credit card debt and bankruptcy was my only way out. I know laws are different in Canada than the US, but I found the process pretty painless. The hardest part for me, is you can only earn a maximum amount, before any excess goes to creditors and so I had to submit a monthly income statement to my trustee. It was also hard learning to live without credit cards.


I found the mandatory credit counselling to be really helpful.


I'm now trying to rebuild my credit and have a couple of low interest, low limit credit cards, that I use and pay off every month.


It does wreck your credit rating, but for me it was definitely worth it.


splitimage
Thanks. I have quite a lot of credit card debt, too. I plan on being much more careful once this is over with. I can live without credit cards.
__________________
One way to get the best out of life is to think of it as an adventure.
William Feather


Medications: Risperidone-2 mg.daily, Propranolol-10 mg. daily, Gabapentin-900 mg daily, Melatonin-3 mg. at bedtime, Nicotine Lozenges-2 mg., Vape Liquid-3 mg., Women's One A Day Vitamins, 1 Potassium tablet
LucyD is offline   Reply With QuoteReply With Quote
Hugs from:
"Thanks for this!" says:
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 11:59 AM.

Powered by vBulletin® — Copyright © 2000 - 2019, Jelsoft Enterprises Ltd.



 

advertisement

Psych Central Forums

Psych Central is the leading mental health website, overseen by mental health professionals since 1995.

 

Helplines and Lifelines

The material on this site is for informational purposes only, and is not a substitute for medical advice, diagnosis or treatment provided by a qualified health care provider. .

Always consult your doctor or mental health professional before trying anything you read here.
Please read the full disclaimer.