Bankruptcy, after the fact...
Posted By: anon on 2006-06-28
In Reply to: bankruptcy (sm) - anyone filed now or before new laws?
I would do everything you could, credit counseling, combine debt, anything but file for BK. It is so hard after that if you ever need anything that depends on your credit. Most things you CAN get, but at outrageous percentage rates. Some things you won't even be considered for. Right after I filed I had to take my dog to the vet and she needed surgery that cost about $2000. They give credit to people... with good credit. I had to borrow money from my dad on that one. I don't know what would have happened if he wasn't there for me. Then my A/C broke down... again, no credit. I was struggling to make my credit card payments, but I knew I could keep paying them down until a family member told me how easy it was to file BK, so I did. I still regret it.
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- bankruptcy (sm) - anyone filed now or before new laws?
- Bankruptcy, after the fact... - anon
- okay - anyone filed now or before new laws?
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No, actually they don't. You guys run on emotion, not fact. And when fact is presented,
c
MQ-Bankruptcy
I don't think that you would have to worry about MQ going the bankruptcy route but I would think that they would be bought out by someone else. I don't know what numbers that other person is looking at and giving such a rosey picture about MQ but all you have to do is read the latest SEC filing report that MQ put out on Aug 19th . Due to their problems with the SEC, all financial manners need to be made public so this info is out there for anyone to see. They clearly stated that they expected their revenue to continue to decline and it also states the millions that are being spent on lawyers for the 6 lawsuits and the amount of money spent on buy out contracts for the higher ups, the amount is unbelievable and keep in mind that as far as I know, now of the lawsuits are settled so the lawyer fees will continue rising. Go to Yahoo stocks, put in Medquist and you can read all this yourself. I think their stock is under MEDQ. If anything they are setting themselves up to be bought out by someone else. Anyone else have any thoughts on this???
Bankruptcy or not??
I am deeply in debt after the birth of my son with a pending law suit. Have any of you declared bankruptcy to later regret it. Right now it looks like a good option but I am not quite sure I am ready to give up quite yet. Any options or advice would be appreciated.
Thanks
Bankruptcy
We just filed bankruptcy last year, chpt 13. The only regret I have is that I put myself in the situation of being in trouble. We were about to be sued also, but a company that we were actually making payments to and I was in contact with them every week. I previously did collections, so knew communication was key, or so I thought. I do not regret filing it, as it is a lot less, a whole lot less stressful since we filed. I just have guilt about being in that situation. I think you have to realize that the relief of the stress of a bad financial situation can be very good. My husband and I were on the edge of a cliff called divorce, my kids were suffering the "bad moods" that all the financial stress put us in, and then I had surgery so our payments to everyone had to go down during my 6 week recovery and that is when they got nasty. Bankruptcy helped to save my marriage, and gave me peace to be able to spend more quality time with my kids too. No regrets about filing! I would do it again in a heartbeat to reap the peace that came from it. Believe me the peace far outweighs the guilt I feel for being in a bad situation. I hope this helps. Financial stress is the worst!! Just to add, if you do decide to file, just remember the important thing is to learn from the experience. I have a friend who has filed 3 times and has not learned a thing:(
Bankruptcy
Bankruptcy is never a good option. Not only does it stain your credit, it is not honorable.
bankruptcy (sm)
I'm becoming overwhelmed in debt. I have taken a pay cut at my job, am in school for a new trade, and have been using my credit cards to pay bills, on top of usual cost of living and upside down on car loan, and student loans are looming. I feel like i'm going to be swallowed up, i'm a single income. I have a panicky feeling about this, i'm around 35K in debt, and this year i'm going to make around 30K (if that). How hard is it to file? What do I need? Any personal stories? Is it easy? I need relief from this Any advice welcome!
Bankruptcy
Both my daughters had problems and went through Consumer Credit Counseling Service--not one of the so-called credit agencies floating around that aren't legal, the CCCS is pretty good. Also, in Ohio, where I live, don't know if this is everywhere or not, before you file you have to attend a counseling session to see if you are even eligible!! And then perhaps go through the court system to try to pay off debt in three or four years instead of a complete bankruptcy. My grandson is going through this now. I personally have not ever filed but do feel empathy for anyone in your position. Perhaps you have a relative or friend who could help temporarily?
Bankruptcy. sm
Contact your credit card companies and try to work out a lower interest rate. Tell them (honestly) that you are on the verge of filing. A friend of mine did this and rates were lowered considerably.
bankruptcy
any suggestion what to do then?
bankruptcy
I will do that now. All communication has been through e-mail. I have the bounced check of $8196 with me.
When she sent two checks last time, she said someone at courier company must have tore the envelope and took out one check and insisted that she sent two checks only. I received only one.
Not only this, she is an expert in fooling and now it seems I am an expert in getting fooled!
Anyone more updates on MQ bankruptcy?
 When I read that note on this board a week or two ago, it got me really worried. I'm working really hard right now training on a new MQ account, and the thought of losing my job in the near future makes me want to cry. Any feedback out there? Does anyone know what's going on?
CH 13 bankruptcy & tax refund? anyone know? sm
Do you get back ANY of your tax refund? Who asks how much you got? and then what?
Bankruptcy vs counseling
I went through an ugly, expensive divorce - after 22+ years. He had the girlfriend but he wanted me to loose everything and fought through several attorneys. I tried the counseling -- finally went through Christian counseling as their fees were the lowest and they seemed the most honest -- but after everything and to keep my house did file Chapter 13. I feel better doing the Chapter 13 as at least I am paying back something to everyone and did not leave them all hanging. Am paying back 25 cents on the dollar to credit cards. Just be careful should they offer you to cut down the balance if you will "pay in full" as what is not paid will be considered "income" and you have to pay income tax on it. I still do not feel good with doing the Chapter 13 and don't understand how a lot of people can do this several times as I saw in court when I went there. It is not easy to walk away from the debts that you made and truly owe but there are some circumstances that make it necessary. I for one am glad of the new laws as I don't think it is truly unfair to make people make an attempt to pay back what they owe, at least partial. Some of the counseling groups I talked with -- the ones with the best reputations-- were going to charge anywhere from $100 to $150 to handle my money and I could be putting that on a payment to a credit card and so Iooked long and hard. You can also negotiate directly with your credit cards but they put a "stop use" on them and you cannot be late with one payment. But make an attempt and you will feel better about yourself. Just my thoughts and experience. Patti
He files for bankruptcy -- that's how
I have heard that he filed for bankruptcy a couple of times-- therefore not forced to pay the IC people. However, enough of this crap has continued on and Toth should be shut down!
Bankruptcy - it won't happen -- don't worry!!
MQ is strong, improving, and moving forward in a confident way. Look -- i've been through the worry-mill over this, plenty enough for both of us -- did some figuring, consulted some business people -- took on a second job awhile -- and finally came to the conclusion, all is well and there was no need to worry about things that would likely never take place. Believe me, if there was good reason to jump ship, i'd have been long gone. Relax, you'll do a better job and be happier. Its going to be fine, and i'm not a better, but i'd bet the farm on that (literally).
This is the worst thing you can do, next to bankruptcy...
Any accounts included in a consumer credit counseling plan will show as "closed by creditor" on your credit report and will really pull down your FICO score. Also, CC companies normally will not lower your interest rate unless you are at least 90 days delinquent. They will then because at 90 days you are close to a charge-off. If you go 90 days delinquent, of course you have just damaged your credit.
Occasionally, people with a top credit rating can negotiate a lower rate, but only if they have a relatively small balance and threaten to close the account.
It all started with a discussion about bankruptcy or something like that.
With this new board format, the name and email automatically get carried over to your next posts. Honestly, it doesn't matter to me what name someone uses. Sometimes you have to let people on these boards know your areas of expertise or else they'll keep on arguing even when they know nothing about the topic of discussion. I happen to like fbm (former bank manager) because she's real and knows what she's talking about.
Bankruptcy is not that bad- filed earlier this year and
bought a truck 2 months ago and I am currently working with Lending Tree to buy a house and hope to close in the next month. So there is life after bankruptcy.
I can't do bankruptcy as I own some property with people (my only asset) and I don't - sm
want to have to sell that or even have them know my problems. I know my meager Roth IRA and car would be safe, and I have no assets to speak of and really don't want to sell all my belongings though it would neaten up the house some (not my house). But as I said 3-5 more years tops and it will be gone then I will be doing quite well as long as no more disasters strike in the meantime. Feel like all I do is work but it will be worth it in the long run and I just don't want to deal with bankruptcy. I had a friend do it and she has done well. Has since bought a new home (had a $25K settlement from a car accident after her bankruptcy) and is doing okay, scraping by but managing. Has bought several cars (used) after the bankruptcy, had a killer interest rate though, that is where they get you. You have very high interest on any loans for a while until you can prove yourself. Do what you need to do for yourself.
Some info on credit counseling vs bankruptcy
This is just a heads up for those that were questioning about your choices. I was doing some research on a cancellation of debt form - 1099-C that I am doing for my ex-husband as he never paid me the $9720 he owed me and found on a web page that some of the people that are going through Credit Counseling now are getting 1099-C for some canellation of the debt from credit card companies. If they forgive this debt, then you have to claim it on your income tax as "INCOME" so think about this in your situation. If you are going through a counseling agency ask them if any of your accounts can give you a 1099-C for anything that they forgive you and the only way that they can't is through Bankruptcy. So that is another consideration when wondering which way to go. As for me, I have a signed promissory note signed and it is not a verbal agreement, was not in the divorce and he just never paid. So I get to put on 12 years of interest at 10% plus late fees and he will end up paying the IRS instead of me but I get a tax deduction of $3000 per year until the 21K is used up. So that is fine, he doesn't have to pay me and I will cancel out his debt, but Uncle Sam is not as forgiving as me. But I wanted everyone to be aware of this as it tempting to pay a credit card company only 50% of what you owe them but thing of putting that other 50% on your income tax forms. Patti
You need to consult a bankruptcy attorney on that one. Good luck...
I can't ever remember a question of bankruptcy on an employment application. They usually just as
s
Talk to an attorney. The bankruptcy laws have changed considerably in recent years and you need to s
x
not just the fact of being PT, but sm
she claims to work two jobs! Who has that much time. I don't believe it's physically possible to work that much, but that's just IMHO, of course!
I don't do it all day either - in fact,
I worked around parts of Louisiana in hospitals as a Transcriptionist in the past! Now I come to NOLA to vacation. I'll be there for a few days in September and then again in October and then again maybe in November.
IT IS A FACT
The DocQmanage program has a page where the managers can select or deselect anything they want to be counted, i.e. spaces, letters, numbers, headers, footers, (a whole page full of things). BUT: The main thing is this - they can put whatever number they want in there as a DIVISOR to divide the number of characters by; and the characters are almost always not counted correctly because they have selected to "not count" spaces, headers, footers, numbers, etc, etc. THEY ARE CROOKS.
Its a fact - CM
Hi CM - can you e-mail me? thanks.
IT IS A FACT
They did not tell us this, as far as the F9. I just checked it and you are absolutely right. They told us where we could find our line count. What a bunch of BS. Do you happen to know if every company has their own "computations" to reduce line counts? How sad this is :<
Oh, I'm with you there. In fact, I
if anyone ever feels like just giving up on EVERYBODY in their live and walking away and starting a new life with a clean slate? All my kids have already left home or are close to leaving home age. One is doing horribly in school and won't put any effort into it. One was a bitch on wheels this morning and is in trouble for underage drinking. One is doing better than the other 2 but just informed me it's going to take 2 more years to get through college (she's a junior now) and we can't afford another year. And DH wet the bed last night and I am just beside myself. The only time he has ever done that is when he was drinking. He swears he hasn't been drinking (he's an alcoholic). Yah right. I feel like I am the only one who halfway has it together.
And financially - let's not even go there.
I feel like taking the cat and driving off into the sunset and never coming back.
They are asking how you know this for a fact?
It was a big stink on another board some time ago about how people claim to know things FOR A FACT.
Yes, and let's not get into the fact that most sm
daycares all over the country are "state regulated" not state-run, but receive millions of dollars a year from moms and dads who get their childcare paid for by the state (our tax dollars) so that they could work out of the home.
When people gripe about us moms who stay at home with our children they should be glad that we are working AND taking care of our children and not depending on the state or grandma to do it!!!
was the fact that she was gone even
Was an explanation given as to where she was and if she'd be back? I don't watch that show, all those women grate on my nerves, but I am curious as to know if they even broached the subject of the missing Star! (She's so tacky...tried to get her whole wedding for free, puhleeze...)!!!
no that's not a fact
I've been using AT&T CallVantage for about a year without a single problem. In fact, when I signed up I told the rep what I did and he said it was not a problem.
That was not me. In fact, I actually
and that is why I posted to the person who did that, letting that poster know that the original poster did not post twice. However, your message and placement of same sure did indicate that you were *speaking* to me.
do you know this for a fact?
nm
In fact, I may (sm)
email you when I get around to this, if you don't mind!
No, in fact
although I could originally connect to the VPN client, after a short while I could not. So I was disconnecting and reconnecting the router when I needed to do any work and now - for the red herring - I can't even use the wireless now. It doesn't recognize my modem.
As a matter of fact just today - I had been too busy to fool with it - I tried to get in touch with a really good tech support networking guy I used to know who knows transcriptionists. I am waiting for him to call me back. Hopefully I can bring him in to solve this mess. I will update you. I will say that other poster was right about the Belkin being about a thousand times easier to hook up than the Linksys, you wouldn't think there would be that much of a difference but it was so much simpler.
The fact is ...
no one even knows who we are, so it must be our own insecurities that allow us to be upset by those critical people.
I guess on top of that though, it is simply frustrating and hurtful that others want to lash out about such nonsense. The truth is, those people are probably upset about something in their own lives. It would be better for all of us (especially them) if they would look within a little bit more.
We'd all be better off if we spread a little more sunshine.
this is not FACT
actually this is opinion based about them being bad employers... they did a WHOLE story on it... wal mart is not as bad as some think from the gossipy rumors!
Did anyone ever think about the fact sm
that if a huge outcry is put up about medical records being transmitted electronically, that just might put an end to the capability of working from home? Many of us work out of the comfort and convernience of our homes and, of course, since we also transmit those records electronically, how would that affect us?
I was referring to the fact that (sm)
it's free, unlike other sites, to post messages and such here. That's what FREE I was referring to! 
I agree. In fact, when somebody says....
that their marriage is heaven and their spouse is fabulous, I get suspicious. I have a great marriage, but in 14 years there have been times when he (and I) have acted like a bonehead. One HUGE fight I recall was the day he got off the phone with his brother and told me that he was going to the races. There I was with 2 babies in my lap (less than a year apart) and it was Saturday. I'd already gone through 5 days with him at work with those 2 babies in my lap, and I wasn't too keen on him tooting off to have fun while I sat there yet again with the kids. I just wanted the courtesy of him asking if I minded if he went, but instead he just assumed he could take off without a care in the world. He felt I was asking him to give him permission. Anyway, it was a mess. It didn't mean he was a bad husband deserving divorce papers (he's considerate about 99% of the time), but it was a "bad day." It happens. Nobody is perfect.
And in view of the fact that........
women often present with atypical symptoms of a myocardial infarction, and the fact that she would have sued their PANTS OFF if she had been dismissed as having heartburn when she in fact had an MI, what is the alternative here?
The fact that you have stayed with them
for so long amazes me. You must be a saint! Good luck to you. I hope you find what you are looking for.
No. I would work just like I do now. In fact,
they probably do random checks that we don't even know about.
I'm not saying that isn't fact ... I just don't believe rumors until
fact is presnted.
I guess I will find soon enough.
I know for a fact MQ has been bought out
I'm the one who bought it, and i've decided as the owner of MQ, you all get a life time supply of chapstick. enjoy. 
It is a fun fact and very motivational (sm)
I used Weight Watchers to lose about 75 pounds. Whenever someone was discouraged because they "only lost a pound," our instructor would recite that fun fact and it's incredible how that 1 pound doesn't seen so small any more!
Good luck to you and keep up the good work!
ASR reduction is a fact
I have a letter in hand with my new base pay rate which has been reduced by 20% for ME (ASR) work. I am under the Baltimore CSC office and am an SE. I was told I can opt out of ASR but the work is low and MTs who have already opted out are running out of work. So, it is not speculation and if I had a scanner hooked to this computer, I would prove it.
They are angry. They don't want or need fact,
if they weren't so abrasive, offensive and racist it would actually be quite sad.
Even more sad is the fact that there doesn't seem to be - sm
the support network or help out there for parents of kids with this kind of behavioral problem.
Until I can help her find some more information, I have called her back and suggested that she call Tater's psychologist for an "emergency" meeting and see if she can offer anything else to them.
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