Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

Update... 10 weeks after filing

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Update... 10 weeks after filing

    OK, I figured that I would post an update...

    I have been operating my zero based budget since filing (started September 1, Filed late August), using my super duper home made Excel spreadsheet.

    My mortgage for September's payment was made Sept 11 (within grace), October's payment was made October 1, and November's payment was made on October 30. All thanks to the zero based budget allowing weekly mortgage amounts with each paycheck.

    All Utility bills are current...

    I have been setting aside monthly amounts for property taxes, homeowner's insurance, and other yearly or twice a year bills in this budget. I have close to $500.00 set aside for these already.

    I eliminated my Verizon cell phone, and replaced it with a Tracphone. I bought it online for $23.00, with double minutes. A 60(120) minute card costs $18.00, and will last me for three months.

    I have pretty much funded Christmas for my kids already. I have bought my son's and daughter's major gifts (purchased on sale, or used (I bought my 9 year old a laptop computer.) We will not be spending as much on Christmas this year by doing it smart, and the kids will be very happy still. This is going along with our new non-materialistic lifestyle.

    I have operated with a balance budget, underspending my income each month. This will allow the next goals if I can keep it up. I also have a goal to increase my income by 25% over the next year, and this is doable.

    We have set a goal of $20,000 to $25,000 in emergency fund savings by this time next year. The first part of that will come from December being a 5 week month, and income tax refunds will play a big part in the first of next year.

    We have a goal to pay off our house in five years (probably can have it done in four.)

    I am looking at expanding and diversifying income streams.

    And...

    I have NOT applied for nor received any credit cards...I really do not know what my FICO score is, and I do not care either. The way that this is looking, I should not need credit again.

    Yes, there is life after bankruptcy, if you make the changes that you need to make. It is possible! And, my life is better.

    I think Hub has it as his signature here... I've fallen, but I DID get up!
    Filed 8/08 - Discharged 11/08! Not tracking FICO.
    Pre-Bankruptcy Net Worth: -$72,000... Today's net worth: $142,000.
    If your FICO score just went higher than your net worth, and you are happy about this, you might have a financial problem!

  • #2
    Originally posted by Never_Again View Post
    OK, I figured that I would post an update...

    I have been operating my zero based budget since filing (started September 1, Filed late August), using my super duper home made Excel spreadsheet.

    My mortgage for September's payment was made Sept 11 (within grace), October's payment was made October 1, and November's payment was made on October 30. All thanks to the zero based budget allowing weekly mortgage amounts with each paycheck.

    All Utility bills are current...

    I have been setting aside monthly amounts for property taxes, homeowner's insurance, and other yearly or twice a year bills in this budget. I have close to $500.00 set aside for these already.

    I eliminated my Verizon cell phone, and replaced it with a Tracphone. I bought it online for $23.00, with double minutes. A 60(120) minute card costs $18.00, and will last me for three months.

    I have pretty much funded Christmas for my kids already. I have bought my son's and daughter's major gifts (purchased on sale, or used (I bought my 9 year old a laptop computer.) We will not be spending as much on Christmas this year by doing it smart, and the kids will be very happy still. This is going along with our new non-materialistic lifestyle.

    I have operated with a balance budget, underspending my income each month. This will allow the next goals if I can keep it up. I also have a goal to increase my income by 25% over the next year, and this is doable.

    We have set a goal of $20,000 to $25,000 in emergency fund savings by this time next year. The first part of that will come from December being a 5 week month, and income tax refunds will play a big part in the first of next year.

    We have a goal to pay off our house in five years (probably can have it done in four.)

    I am looking at expanding and diversifying income streams.

    And...

    I have NOT applied for nor received any credit cards...I really do not know what my FICO score is, and I do not care either. The way that this is looking, I should not need credit again.

    Yes, there is life after bankruptcy, if you make the changes that you need to make. It is possible! And, my life is better.

    I think Hub has it as his signature here... I've fallen, but I DID get up!
    What progress you have made is such a short time!!! Congratulations. You are right about the FICO score - you are doing EXACTLY what all of us desire to do - manage your debt, not your score. You are an inspiration!!
    Filed CH 7 9/30/2008
    Discharged Jan 5, 2009! Closed Jan 18, 2009

    I am not an attorney. None of my advice is legal advice in any way..

    Comment


    • #3
      Congratulations! You are doing something I usually state on here in some of my postings - you are learning or have learned to control your money and not let it control you. That is the main key to surviving after BK and should be remembered/utilized always as to your finances.
      _________________________________________
      Filed 5 Year Chapter 13: April 2002
      Early Buy-Out: April 2006
      Discharge: August 2006

      "A credit card is a snake in your pocket"

      Comment

      Unconfigured Ad Widget

      Collapse
      Working...
      X