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Bankruptcy |
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07-17-2007, 10:18 AM
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#1
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Short Shifter
fire83tug is offline
Join Date: Jul 2006
Posts: 112
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Bankruptcy
At what point do you just give up and just declare bankruptcy?
We did an addition on our house and our finances got all screwed up. Got myself into a friggin horrible mortgage because I didn't really read into it the way I should have. Never got some money back from the contractor that we expected to. Now I'm way over my head in debt and just freaking the F' out.
I'm at wits end. Anyone declared bankruptcy before? I hate myself.
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07-17-2007, 10:30 AM
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#2
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The Solution
Cakes206 is offline
Join Date: May 2005
Location: New Joisey
Posts: 8,105
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Hey Tug...sorry to hear...but things happen, don't beat yourself up over it(easier said than done I'm sure,) it'll just make things worse. Check out Suzie Orman, well know financial adviser, her books/tv show really help out a lot of people, puts things in an understandable perspective.
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Character is who you are when no one is looking.
The more you sweat in practice, the less you bleed in battle.
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07-17-2007, 11:32 AM
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#3
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BlackBerry Tech Support
njf4i is offline
Join Date: May 2005
Location: Central Jerzee
Posts: 2,357
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You really should meet with some financial advisors before you do anything. I mean i know that you have to prove to the government there is nothing else you can do before you file. But maybe you can get something setup with a debt consolidation plan.
Good luck with everything and hope it works out for you.
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nick
I use to dance like this--> Now I dance like this-->
MYSPACE MY WORK
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07-17-2007, 12:43 PM
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#4
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SBA Evangelist
PitsVtec is offline
Join Date: Sep 2005
Posts: 2,570
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There are things you can do and I know you have tried to get rid of that screwy mortgage of yours and it's a shame you couldn't. I would look into consolidating through a company that pays the bills off for you and you pay just one bill back per month. Claiming BK is a serious thing to do....I see many foreclosures, BKS, etc. on a daily basis as I work for a financial lending company. If you want, I could direct you to someone here that may be able to help you. Let me know.
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07-17-2007, 02:49 PM
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#5
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sponge mike square pants
Mike295 is offline
Join Date: May 2005
Posts: 1,747
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dont talk to me
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Originally Posted by ant
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Quote:
[Today 09:17 AM] Cakes206: Miss one comma, all of a sudden become gay lmao
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[Today 12:54 PM] Ant: omg it made me want to be illiterate
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07-17-2007, 03:09 PM
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#6
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Short Shifter
fire83tug is offline
Join Date: Jul 2006
Posts: 112
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Quote:
Originally Posted by mike295
dont talk to me
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Acually Mike you were on my list of people to get ahold of today. I just needed to vent, try and not kill someone, and not burn my house down before I did. I'm just so pissed at myself for letting it get to this point, even though I have been trying for a long time to try and get this straightened out. Looking back, I have no idea what the hell I was thinking when I got into this mortgage crap. Finally got the house I always wanted and now I can't pay for it. I suck.
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07-17-2007, 03:21 PM
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#7
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Shredded (Cheddar) Moderator
FigNewTon is offline
Join Date: May 2005
Location: GSO, NC
Posts: 1,600
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Sorry to hear Tug....but don't beat yourself up about it. It is real easy to get into these situations. Definitely meet with a financial advisor and weigh your options. A lot of time they can offer financial plans to work you through these times.
Keep your head up and stay positive. Things have a way of working themselves out for the best...Good luck
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"Using no way as way. Having no limitation as limitation."
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07-17-2007, 03:28 PM
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#8
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Short Shifter
fire83tug is offline
Join Date: Jul 2006
Posts: 112
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You know, It figures Rock had to friggin move to Baltimore a little while ago. I REALLY could stand going to the shooting range today and just blast off a couple hundred rounds.
Thanks for the support guys (and gals).
I just hate myself for this still though.
Who wants to buy all my stuff?
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07-17-2007, 03:43 PM
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#9
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The Solution
Cakes206 is offline
Join Date: May 2005
Location: New Joisey
Posts: 8,105
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Quote:
Originally Posted by fire83tug
Who wants to buy all my stuff?
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In all honesty, thats what you have to do...not everything...but unload anything that you're still trying to pay for, i.e. car/truck with a monthly payment, unload it and get a beater to commute in. Cut up any CC's with an outstanding balance...live on PB&J. Any bikes left, unload em(it.) Feel free to shoot me a PM dude.
__________________
Character is who you are when no one is looking.
The more you sweat in practice, the less you bleed in battle.
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07-17-2007, 03:47 PM
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#10
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Gear Nazi
Sue is offline
Join Date: Feb 2007
Location: Phillipsburg, NJ
Posts: 545
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Rock was here over the weekend and will be back again around Aug 1st. Hope that helps...at least you know you will/can see him soon.
The financial crap happens to alot of people. My brother and sister-in-law got into trouble after their second child was born. After all was said and done they finally ended up having to claim bankruptcy. They were able to keep the house & 2 cars. But, even after all of that they are still not doing great financially so in the long run it helped them and hurt them at the same time.
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07-17-2007, 04:14 PM
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#11
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Short Shifter
fire83tug is offline
Join Date: Jul 2006
Posts: 112
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I got a Yamaha Warrior quad for sale. Who wants it?
$62,000.
What a bargain.
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07-17-2007, 11:01 PM
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#12
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Short Shifter
acronut is offline
Join Date: Dec 2006
Location: Phillipsburg, NJ
Posts: 109
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Quote:
Originally Posted by fire83tug
I got a Yamaha Warrior quad for sale. Who wants it?
$62,000.
What a bargain.
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Dude are you nuts!!! I'd ask at least $85,000 for it. No wonder your in trouble givin shit away like that
Sorry man couldn't resist. Keep your head up and keep talkin to people. Good for you for takin responsibility and not blaming everyone else. That kind of attitude and responsibility will get you through it.
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Kendal
www.acronut.com
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07-17-2007, 05:11 PM
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#13
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Veruca Salt
SilverDragon is offline
Join Date: Sep 2005
Location: Central NJ
Posts: 1,240
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There's that sense of humor that will help get you through this! There's hope yet! Good luck dude! I'm trying to get my stuff together now too. I get mad at myself too, but hey what are ya gonna do! What's done is done! It's just a question of making it right from now on.
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07-17-2007, 11:30 PM
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#14
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Having Troubles w/His Wood
jcblitz is offline
Join Date: May 2005
Location: Yesterday
Posts: 1,608
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It may sounds stupid now, but keep a journal of everything you're doing/going through and blog about it when you're all done (or real time if you want). This way other people that get into a similar situation will know exactly what's going on and what to do. And if enough people are interested (I'm sure there are) you can even make some side money off of it. I read a story about this one kid that bought like 5 houses trying to become a millionaire flipper and went belly up fast. He kept a blog of everything and made a few thousand just from that.
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Knowledge is free. We are Anonymous. We are Legion. We do not forgive. We do not forget. Expect us.
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07-18-2007, 12:40 PM
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#15
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Lazy Ass
soda7o is offline
Join Date: Jun 2005
Location: Brooklyn
Posts: 2,242
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Quote:
Originally Posted by fire83tug
At what point do you just give up and just declare bankruptcy?
We did an addition on our house and our finances got all screwed up. Got myself into a friggin horrible mortgage because I didn't really read into it the way I should have. Never got some money back from the contractor that we expected to. Now I'm way over my head in debt and just freaking the F' out.
I'm at wits end. Anyone declared bankruptcy before? I hate myself.
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be very carefull with bankrupcy..
new bankrupcy rules and laws are a bit diff..
you still have ot pay off your debts and etc.. its not like the way it was back in the day... ask an accountant
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