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I started my bankruptcy today.

Discussion in 'BlackHat Lounge' started by Celsius, Aug 26, 2010.

  1. Celsius

    Celsius Registered Member

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    Its been 2 years of lost battles and I decided the best thing for my family and myself would be to take this route. With a 100K in debt being sued by the 3 different cc companies and a wife home is medically disabled it was time.

    1. Wife started to have spinal issues neck and back. Lost job 70k gone.
    2. Whole dept was dissolved in merger. Lost job 60k gone.
    3. House was short sold and dog died of cancer. I loved that dog.
    4. Turned in one of the cars back to the dealer.
    5. Stopped paying on cc, they would not take a lessor offer.
    6. bankruptcy.
    7. For the next 90 days, I can't make any monies until its discharged. After that I am free to get back into the game.
    8. Rehired with exact same job, better manager.
    9. Starting over feels good.
    10. My kids are healthy, I am healthy, peace in my life again.

    Lesson to all of you, life is too short to suffer the winds of issue that you did not cause.
     
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  2. facebookdude

    facebookdude Elite Member

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    Keep looking up man :)
     
  3. zero811

    zero811 Junior Member

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    Chin up man. As long as you have your health, you
    can always make a come back. Just have to weather the storm. ;)
     
  4. bobbys

    bobbys Regular Member

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    Best of luck to you celcius, I hope you find a little light at the end of the tunnel.
     
  5. gonzomcribbinz

    gonzomcribbinz Regular Member

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    HELL YEAH! Keep your head up, bro! That's the story I love to hear. Other than your wife's health issues and your dog dying, your entire story is definitely NOT one to be ashamed of and definitely NOT one of failure. It's success.

    You made a business decision to file. That's what so many people don't get and it ticks me off. Businesses do it and it's a smart move. People do it and for some reason they're morally wrong in some people's eyes. Those people are idiots. You did the best thing in the world.

    Like you said, you all have your health and you're excited about life again. That's what matters.

    You're not your credit score. You're not your fucking khakis. Thumbs all the way up, bro. Your story put me in a better mood tonight!

    (but the part about the dog depressed me a little and I'm off to go pet my labs now)
     
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  6. djbankrupt

    djbankrupt Junior Member

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    Actually, you might laugh but that's how I came up with my dj name because I actually filed for bankruptcy my only advice is to just have one person in the family declare. otherwise everyones credit is screwed, but at least at the end of the tunnel you'll be cash rich if you still have a job.
     
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  7. Celsius

    Celsius Registered Member

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    Most states in America are community property states. Even if my wife would have Bk'ed they would have still come after me. I hired one of the best BK Law firms and did my research. I know someone whom works for a collection agency and I asked his advice. It would not matter if my wife or I did it, they would come after the person whom didn't file. He gave me court cases to reflect that they always win when people are dumb enough to do that.

    I didn't just decide to do this, its been 2 years and learning the ins and outs of bk in case I would end up here. The more screwed up thing is that I'm an excellent risk after I bk, I have no debt, none.

    I think the saddest thing is I know someone whom off'ed themselves because of debt.

    I'm 39, and I know a little bit more about life than some of you, believe me, if your going through hell, keep going it will end.

    My advice.
     
  8. flaktrak

    flaktrak Power Member

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    Good to see you are not letting it slow you down. We learn best from failure. At least I know I do.
     
  9. charmingkiddo

    charmingkiddo Newbie

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    If it makes you feel any better - i've never had 70k

    hell... never had 7k

    now I am making myself depressed

    goddamnit
     
  10. Celsius

    Celsius Registered Member

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    The debt collectors called and as they do every friday and I told them that I had started chapter 7. The thing about starting it is that its like driving off a cliff, once you file you can't un-file. I told them and said they said, well we can take 30%. Of the original debt, I told them, you should have offered this from the beginning. You are not going to get nothing.

    Here is the thing about paying the debt for a lessor amount its about 5% better than bankruptcy. So why not and go over the cliff and own nothing at all. I think I slept the best I have in two years since this all started. I spoke to a friend of mine whom I didn't even know she Bk'ed and she did a year ago. She told no one.

    The moment your bk is discharged you get credit card offered and can get a car loan, you don't have any other debt! Interesting spin on things. She also created a LLC overseas that has its own credit rating. Never again she said, I'll never have credit in my name again. If this happens again then the LLC will take the loss, not me directly.
     
  11. hateandbreak

    hateandbreak Supreme Member

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    LoL take it easy dude! and Celcius Keep going ;)
     
  12. supwd

    supwd Senior Member

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    good luck man I would have gone insane especially with a family to support.
    Posted via Mobile Device
     
  13. Chronos

    Chronos Junior Member

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    Last edited: Aug 29, 2010
  14. angelas111

    angelas111 Jr. VIP Jr. VIP Premium Member

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    you will be getting credit again in a couple of years. so just hang in there. i bet its a huge relief for you.
     
  15. bkind

    bkind Jr. VIP Jr. VIP Premium Member

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    One of the most beautiful things about america is bankruptcy... you don't pass debt to your kids.. you can't get credit for some time but still renting isn't that bad.. and the ability to try again is not known in many countries around the world...
     
  16. Celsius

    Celsius Registered Member

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    We are all here to make money, some black, some white and making money isn't hard. You just have to apply yourself and if it does not work, try something else do no keep doing the same thing and hope it works. It is or isn't going to work, hope has nothing to do with making money. I'll be back on the wagon soon, between now and when the bk is discharged I can't make any more money than I'm currently making every deposit is watched and so is your spending. So I get to research and plan my next move. I was really considering writing an e-book on the whole event.