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LucyD
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Question Jun 12, 2019 at 06:03 AM
  #1
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?

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Default Jun 12, 2019 at 09:21 AM
  #2
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.
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Default Jun 12, 2019 at 01:54 PM
  #3
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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.

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Default Jun 12, 2019 at 04:43 PM
  #4
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

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Default Jun 12, 2019 at 05:58 PM
  #5
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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
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Default Jun 16, 2019 at 10:55 AM
  #6
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

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Default Jun 18, 2019 at 01:47 PM
  #7
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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.

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