Bankruptcy - it won't happen -- don't worry!!
Posted By: nm on 2005-08-27
In Reply to: Anyone more updates on MQ bankruptcy? - Just me
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).
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Don't worry about it. In 5-6 years you'll have plenty to worry about!
A 10-year-old is never in a situation where anything can "happen," and they don't understand anything "happening" anyway. At this age they're only capable of "having a boyfriend" because that's what they see on TV - that's what the world "expects of us", to pair up and "like each other."
Her friends aren't talking about adult "things" to do in a "relationship" yet, and she doesn't even have those feelings, hormones, or needs yet so don't worry about it.
At 10, having a "boyfriend" is the equivalent to playing "dress up" or "make believe" and is just "sitting together in the cafeteria" at best.
Plus they move on to a new "boyfriend" in a week, a few weeks tops.
Relax, Mom. The part to worry about is yet to come and I wouldn't want to deal with that again for anything!
Best of luck and enjoy these years while you can.
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
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!
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
Please do not worry about it.
Sometimes, it seems as if we do everything the way we know it's right, but they nitpick about everything we do. I have proved my use of proper grammar documented with my college English books, but they come up with this, "That's how the client wants it" stuff. OK, so why isn't it on my account spec sheet?
I think the trick is to find a smaller MTSO, one who believes as we do style-wise. For example, I learned to use commas quite often. At one national I worked for, it was NO commas period. If you had two independent phrases connected by a FANBOY, you broke them apart into two separate sentences. I worked for two other nationals and a hospital, and they never had a problem with my work. It was just this one certain person at one certain national. You should see some of the other things I was corrected on. I wound up quitting because this person went against everything I learned in my MT course, at college, and in all my years of work experience. This was not a good QA person, and other people on this board have worked with her. (PRINCIPAL vs. PRINCIPLE)
However, the MTSO I currently work for gives me rave reviews. I don't have to relearn everything again. We evidently went to the same school of style! LOL Keep looking. You'll find your fit. It's no fun working in a constantly negative and nitpicky environment.
Of course, you don't worry. Don't want to get
qq
Not to worry.
When my husband was in the military and deployed, we had tons of "discussions" over finances. It's a control thing. He's gone and can't add his input into your decision making, so he feels a lack of control there. I kept spreadsheets and quicken files to prove where I did or didn't spend money. Then I'd send printouts to him so he could feel like he was part of it. Granted, you shouldn't have to prove that you weren't blowing his money at the mall! With my husband and I, our roles are reversed. I'm the critical one when it comes to budgeting, bills, and finances. My husband is more, shall we say, impulsive? He'd be deployed and go sight seeing and out to eat because he'd never left our state before joining the military. I'd be at home juggling the kids, the broken down car, the bills, my job, and everything else, so I'd get mad at him for having fun being the single guy. Granted, some trips were definitely not fun for him.
Let's see, you two are married, therefore, his money is your money, your money is his, etc. We had the whole his money, my money, our money thing going on as well. Have you thought about a joint account? Remember, he's responsible for supporting you and any kids you have, as well as for paying the bills. DO NOT let him make you feel guilty about spending money on bills or the household or about not working. I think the women of today have that problem. Women of the '50s were expected to stay home, clean the house, cook the meals, and care for the kids. Now, we're expected to do all that, plus work on top of it. I tried being SuperMom for the first 8 years of our marriage before I snapped. It's not worth it. Don't feel guilty because you DO contribute to the household even if you don't have a paycheck. He couldn't pay someone to clean the house, cook the meals, care for the kids, take care of your personal finances, and everything else that you do.
:))))) oh don't worry, I have
  
this ol girl has left the room
MQ kept wanting every year for me to invest more into providing profits
for them and yet never ever reacted to my inquiries of additional monies for
a line I produced. Well, I'm a business too. I need to increase my income to
meet my overhead and my cost of living goes up for me just as it did for them.
Yet all they could offer was "let me give you another account".......well, honey,
I told her--------there are only 24 hours in a day! or haven't you noticed.
 see ya
Don't worry. We all have to go through
the dreaded learning curve with any new job or account for that matter.
The more you work on the same account the faster you'll get so with you being full-time should help.
Oh and make sure you get plenty of samples for those difficult dictators and that you follow up on the blanks you have to leave them.
Is there another MT on the account that can give you some pointers?
Why worry.....
If you're going to get it, you're going to get it, and all the fretting in the world ain't gonna' change that. I mean, when you go out to check your mail, a car could hit the curb and run you down; are you going to worry about that, too?
I don't think you have to worry about any
subcontractors knocking down your door to work for you. You're generalization of "them" is what makes your posts so rude. We do not all look for excuses to not work. I work my shift every day unless I have an emergency. I do quality work. I do not bother my supervisor with stupid e-mails. After all, there are no stupid questions, only stupid answers. While I would agree that good MTs are hard to find, we are out here, and willing to work for a good company (which can also be very hard to find).
Don't worry. sm
Most of these little abnormalities are minor, not cancer. Don't lose sleep over this. Just follow your doctor's advice and don't worry!! This happens a lot, believe me.
Don't worry
It do believe that ADHD is real, but you need to exhaust all other possibilities before you go there. It is a possibility that she has just not matured enough to go to school and would maybe do better if held back a year. During that time you can set her up with a predictable routine and practice focusing on different activities for a period of time. A friend of mine did that and it worked. No one accuses her son of having ADHD anymore
Don't worry, not just you...
I have heard things being mentioned here and there that it is ridiculous and that things we really don't need to know are on the test. I took it around 5 years ago and it was not like that, I passed it easily. I also saw some sample questions in the JAAMT a while back. We type it, we don't diagnose it for crying out loud! I have not tried this, though. Where did you find the sample test. Is there a website? TIA!
Don't worry.... (sm)
 where one goes to EMR, there is another waiting in the wings for just the right transcriptionist. It sounds like you are good at heart, and good things come to good people! Maybe something even better will come your way!!! We are all rooting for ya' and hope something spectacular comes your way! 
Thanks - don't worry -
Yeah, I think it warrants a doctor visit. I'll get it checked out and get a real ibuprofen dose. (600 mg b.i.d.?) Okay, I'll stop doctoring myself!
WORRY NO MORE
I hear you! I am worried about my future also with transcription. I have been doing this for over 20 years, but found HEAVEN recently in a travel program. Go to www.teamresult.com and watch the short video, you will see what I mean. E-mail me if you would like me to call you to answer questions.
Michelle
manzotravel@gmail.com
I had this - nothing to worry about!
I had it about a year ago. It's called alopecia areata (I think). I didn't know what it was and I happened to see my hairdresser and she told me what it was. She said it can be caused by stress, or it come on for unknown reasons. Mine has grown back, although I have some nice short hairs there now! Not to worry!
No need to worry
MT is definitely not phasing out, but it is changing. MTs are now becoming editors like I am. I work for a hospital that uses EditScript, an amazing speech recognition program. Imagine putting out 500 plus lines an hour. That is how good it is. All the MT Editors use the same style and corrections and it remembers them and each time it recognizes the dictator better. Of course with that much production, we did have to layoff some MTs but because of the cost savings, accuracy and physician friendly program, this will be the future of MT. We will always be needed!
Should not be a worry
As long as the blanks are "good" blanks, you should not have to worry.
The company I work for would rather have us leave blanks than to guess, so even if we are "pretty sure" we know what they are saying but NOT sure, we are to leave blanks. - The same if we cannot verify something from a reliable source.
I have blanks every day. Some more than others depending on account and how well the dictators happen to be speaking.
Just do your best and don't fret unless they bring it to your attention.
we have to worry.
because of TAT, many companies are now outsourcing, not just for the price, but for the quick turnaround. and we also have to be concerned, as it impacts the amount of work available for the MT, when companies hire heavy for an account to keep the TAT and then the MT runs out of work.
yes, the eating while they dictate is my biggest peeve too.
Don't worry
Usually if you don't hear much about a company it's because there isn't anything to complain about.
Good luck with your interview.
don't worry about it. I take the sm
negativity and let it fly over my head!
The MTs that have been in this business for a very short time haven't had the experience to realize what you can do. It takes yeras and years and you really have to be a workaholic sometimes. They have already shown their attitude by the whole "I am not working weekends, holidays, nights, blah, blah blah" They don't understand this is what the job is.
My employers appreciate me also and let me know the same. It will never stop. There are always going to be MTs who rip the profession apart, say we don't what we are doing etc. etc. I would like to work along side of some of these MTs for a day or two and show them exactly how its done. I started when I was 22. to me that was pretty young starting from scratch and learning my experience.
Congratulations on your new job and I hope you love it!
And not like we don't all have enough to worry
about, but I keep asking myself that if this happens, what happens to our jobs? Will the government hire their own transcriptionists to do the work? Will they phase out all of the MTSOs (which in some cases may not be a bad thing, lol)? Will things stay pretty much the same, the MTSOs get grants from the government for doing the work, our pay go down even further (not like any of us can afford that either? Just things that I have wondered about since all of the talk about the government taking over healthcare.
Don't worry -- they are the unhappy ones...
doubt they will ever find satisfaction with their attitudes.
They should be pitied for their woeful disposition.
They are embarassing themselves.
Not to worry! You met my expectations!
nm
Don't worry about it. I used to cook like that, too.
I'd be so tired from working all the time that it was Hamburger Helper, fish sticks, or chicken nuggets. Our grocery bill used to be cheap, too. Hubby and I trade off cooking now. Honestly, we're trying to eat healthier to lose weight. It's a "hobby" that has helped bring us together more in our marriage. We find new recipes on the Internet all the time. Gotta have variety somewhere.... LOL
I wouldn't worry!
I was the same way in HS!! I am sure that she will grow out of it..it will just take time!
I agree - nothing to worry about. sm
But I did not find it faster than typing in the long run. When the doctor speeds up, the software starts skipping words, especially articles, and that takes a long time to stop every third and fourth word to insert a very short word that the software missed.
I don't want to worry about the IRS showing
up on my doorstep, so I have my taxes done by H&R Block. No guarantee that you still won't have problems with IRS, but it makes me feel better. I don't claim my house/utilities. I don't claim nickel and dime stuff either.
When my mother died exactly a week later I get a letter from the IRS stating she owed $25,000.00 - no explanation. I was freaking, not only was I grieving but having to worry about this. I wrote a very nice letter, sent them a copy of her death certificate, and said I thought the issue was a roll-over of an IRA. My mom didn't have much money and I knew that she had rolled over one so I was just guessing. They sent me a letter a couple of weeks later saying the situation had been resolved and no monies due. I don't know what the problem was, but 5 years later I still have that letter.
Don't worry, though I know that's silly to say.
About 20 years ago, I had an abnormal Pap. You probably will have what they call a punch biopsy next. Donein the office routinely. Just a little biopsy for further study. I actually had the idiot OB/GYN doctor call me at work as I was on my way out the door to tell me it was cancerous. Nearly died on the way home. It was nothing in the end. Normally if your punch biopsy is atypical, they will simply do a cone biopsy or LEEP procedure - done in same day surgery under anesthesia. Simple, painless, fast. They basically zap any abnormal tissue - very common in women, and normally simply the HPV virus. I had the procedure 20 years ago, was convinced that I would be dead by 40, but have had nothing but normal Paps for years since. Think positive. Hope I didn't freak you with details, but it sounded like you wanted to know what the next steps might be. They also will probably do a repeat Pap first, as LOTS of labs turn up false positives on Paps. Try not to worry - very common and the cone biopsy is not only diagnostic, but normally curative as well. Feel free to email me if you would like to talk more about it. Praying for you. Please keep us posted.
I almost wasted away with worry.
We probably should have run off to get married and forgone the big wedding, even though it wasn't all that big by today's standards. Just a church reception.
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