Bankruptcy is not that bad- filed earlier this year and
Posted By: fleming on 2005-08-31
In Reply to: This is the worst thing you can do, next to bankruptcy... - Former bank manager . . .
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.
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I have never filed BK, but I would
do everything possible to avoid it. You didn't get in debt overnight and you aren't going to get out overnight. I believe it is morally/ethically wrong to file BK because you managed your finances poorly. I've made some bad financial choices in my lifetime, but it was my fault and my responsibility to pay them.
I have filed not too long ago due to
unfortunate circumstances. Employer never did a credit check and due to needing some time to get things together let them know thatI was filing etc. They were very kind and it has never affected their attitudes towards me etc. Still have a great relationshipt with them. If you need to go ahead and file. I dont think it will affect your employment opportunities at all. Good Luck !
depending when you filed,
I used to Efile with them every year, and it was always the 2nd Friday from when I filed that I got my refund, but if it was towards the end of the week, thurs/fri, it may be the 3rd, which would be about 2 full weeks.  Good luck!
She hasn't filed for a divorce yet -
Because the state she lives in does not recognize legal separation, she had an agreement drawn up by her corporate atty. This agreement handed the house (quick claim deed) and business over to her, while her "future ex" draws his pension and moved to warmer weather (California). This all happened when things were friendly. Now she wants a divorce so she can get on with her life (with her new beau she is buying the house with). BAD idea since she has not filed for a divorce. Anyway, thanks everyone. I think I'll be visiting her in jail.
And if there were charges filed and case goes
to court then it would be beneficial to have "rape" documented. I still can't believe that anyone thought it was necessary to change the wording.
I filed in February and had mine within
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Glad you filed a complaint and that you're okay.
student loans can be filed on after 10 years
of no payment. I did it. Unfortunately.
Filed complaint with Better Business Bureau against MTSO
for nonpayment after 90 days. Requested payment multiple times to no avail. Nothing but empty promises. Has anyone ever been successful getting paid after going through the BBB?
I did. I never have regretted it. We filed 7, I beileve. All unsecured debt was wiped out. Kept my
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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!
I filed for an extension and paid nothing until August 15th. No penalty for that, just interest. nm
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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
Bankruptcy, after the fact...
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.
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.
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
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someone earlier was referring
to the TV show, The Apprentice, with Donald Trump. That's the only postI've seen on here regarding apprentice.
there's and earlier post about that below...nm
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Question about earlier
post. I see that one of you would not give your son's SS# to the high school. How would this work if you were registering your child for Kindergarten? They told me it was the law that they had to have it. Is that not true?
They were there earlier this morning.
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Somewhere on this board earlier in the
past 1 to 2 weeks someone wrote that they had gotten the Antivirus 2009/2008 on their computer and that McAfee now has a service where they will dial in on your computer and repair it for $40 to $80 for viruses, spyware, hijackers, etc.; which is a lot cheaper than taking it in to a repair shop and dropping it off. I am not sure if you have to have a subscription or now to McAfee for them to do this, but would be worth checking out.
Talk to an attorney. The bankruptcy laws have changed considerably in recent years and you need to s
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It went up to $2.29 yesterday, was $2.16 earlier this week...
I'm glad I work at home!
If it worked earlier in the document SM
the paintbrush on the toolbar - highlight a paragraph (including the paragraph mark itself) that DOES work, click painter, then click in the paragraph you want to reformat and it should add that tab (as well as any other embedded formatting in the paragraph you copied from).
thanks, you're right and right -- what's getting up three minutes earlier? (nm)
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Hmm, my earlier post, which was quite polite, is gone now.
We'll be having DEER STEAK kabobs for dinner tonight, though!!!!! MMMMM, Bambi on a skewer dripping with BBQ sauce. 
Could you start 1-1/2 earlier so you'll be done for the
d
like I said earlier...birds of a feather
geez! You call it reality. I call it rude and obnoxious. and if you think that's great, then you are one of her birds and I feel sorry for you.
Okay...um, earlier when you said you had accounts from Haiti.
I thought you meant you actually had clients from Haiti, like in the country Haiti. Boy am I feeling really dumb right now! LOL!
sorry.."an" earlier post...nm
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I responded earlier to this poster
I am also an IC for a company I started with in March and confused as to why I would need a credit card for business purchases, etc.
and that I am not to worry about paying quartly? My accountant told me to do this and that was it.
I have only been taking 20% out of my pay and sending it in to the U.S. Treasury. Is that wrong? It sounds like I should be doing a lot more. A little confused and nervous.
I had the same problem for a short while earlier in the day
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Me, too. I was going to post earlier, but didn't
have the energy. I had the twitching thumb first about a year ago, now aches and pains every week that move or migrate all over, too. Numb legs, butt that kills me - seriously, I nearly cry when I sit down or stand up. Then it moves to my neck, or shoulders, and then back to legs. It is horrible pain, and I'm getting really worried that I'm not going to hold up for this job much longer. Its so pathetic - sitting in a chair and falling apart. I was wondering if it could be fibromyalgia-type symptoms. Horrible. You are not alone! I have also bought so many ergonomic things - chair, keyboard, mouse "platform", and forget it. Oh yes, even lighting, and I still am in pain all over the second I sit down in this chair. 
Had issues earlier this morning,
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Autocorrect question earlier
I meant AutoText. How do you transfer all that to a disk?
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