I posted a quick question in the Chapter 7 thread, but since it looks like most of the "action" is here I thought I would introduce my self and tell you all a little about our situation ( and it is a GodSend to have this place to do that)
We are in the process of completing our documents to file for Chapter 7 later this week. Reason, nearly 80,000 in cc and personal loans that we just can't handle anymore. How did I ever get myself in this situation. Then I look back over the last 10 or so years, flux in income, husband off of work for 8 weeks for surgery several years ago, a surgery for me 3 years ago, 2 teenage daughters...........you name it it all adds up.
To add (greatly!) to the problem I contracted with a Debt Settlement/Negotiation firm to try to settle some of these Debts over a year ago. What did I get? Well let's see, they got almost $4000 and I know have 5 accounts charged off, astronomical interest and fees added, phone calls from creditors ALL THE TIME and one has now served me a summons~ Up until the time I contracted with the firm I was barely hanging on but at least I was trying to make my minimums. I am not saying it's their fault, I know who is to blame, but they certainly made my siutation all the more desperate instead of helping.
We found a wonderful lawyer who has been so patient and understanding with us. I hate feeling like such a failure and she has helped us to understand that BK is there for people like us to make a fresh start in life. I am not proud to say I am filing for BK, but knowing I am not alone is a big help.
We had originally thought we would have to file 13, but after coming in under the state median and have only around $100 disposable income left we are filing for a 7. Our house and car are safe with PA exemptions so that is one thing we are very grateful for. We have taken our time and been VERY meticulous about filling out all the forms and schedules and are scheduled for a final review and to file sometime this week.
I AM SCARED TO DEATH! I try to tell myself it will all be okay, every i is dotted every t is crossed and I have been absolutley honest about reporting everything but I am still anxious and worried about everything.
I cannot tell you what finding this forum has meant to me. I have read so many threads and gotten so much information! I am sure I will have a ton more questions as things move along. But I know all I have to do is come here and someone will answer!
SO anyway, there it is, my BK story (sorry it's so long) You are all a great bunch of people and again, thanks for listening.
Connie
We are in the process of completing our documents to file for Chapter 7 later this week. Reason, nearly 80,000 in cc and personal loans that we just can't handle anymore. How did I ever get myself in this situation. Then I look back over the last 10 or so years, flux in income, husband off of work for 8 weeks for surgery several years ago, a surgery for me 3 years ago, 2 teenage daughters...........you name it it all adds up.
To add (greatly!) to the problem I contracted with a Debt Settlement/Negotiation firm to try to settle some of these Debts over a year ago. What did I get? Well let's see, they got almost $4000 and I know have 5 accounts charged off, astronomical interest and fees added, phone calls from creditors ALL THE TIME and one has now served me a summons~ Up until the time I contracted with the firm I was barely hanging on but at least I was trying to make my minimums. I am not saying it's their fault, I know who is to blame, but they certainly made my siutation all the more desperate instead of helping.
We found a wonderful lawyer who has been so patient and understanding with us. I hate feeling like such a failure and she has helped us to understand that BK is there for people like us to make a fresh start in life. I am not proud to say I am filing for BK, but knowing I am not alone is a big help.
We had originally thought we would have to file 13, but after coming in under the state median and have only around $100 disposable income left we are filing for a 7. Our house and car are safe with PA exemptions so that is one thing we are very grateful for. We have taken our time and been VERY meticulous about filling out all the forms and schedules and are scheduled for a final review and to file sometime this week.
I AM SCARED TO DEATH! I try to tell myself it will all be okay, every i is dotted every t is crossed and I have been absolutley honest about reporting everything but I am still anxious and worried about everything.
I cannot tell you what finding this forum has meant to me. I have read so many threads and gotten so much information! I am sure I will have a ton more questions as things move along. But I know all I have to do is come here and someone will answer!
SO anyway, there it is, my BK story (sorry it's so long) You are all a great bunch of people and again, thanks for listening.
Connie
to 
The poster children for BK Reform. NOT!! 
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