Hi board, this is my first post here, been lurking for a couple weeks and basically scouring the internet for any talk about bankruptcy. My story is that up until this summer I have always had some debt...15K or so but always managable even though it took a long time to chip away. Well unfortunately I signed up to an online gambling site and quickly became addicted. Big wins and then huge losses and then made the mistake of thinking I could make up my losses. Before I knew it I was losing my mind and my sense of value of money, by the time I hit rock bottom and realized that I had to stop I had already probably contributed $45K to my debt in just a few months bringing my overall debt to $67K. Basically Ive been able skate by the past couple of months. I have stopped gambling after a couple of smaller relaspes. I plan on looking into some counseling, not sure about Gamblers Anonymous. Right now I feel with a plan I am going to have the right mindframe to stay away and also will be self banning as soon as I make sure that I can gain my account information for tax purposes.
However as a landscaper who makes in total about $44K a year and now will be headed to a seasonal unemployment for a few months, income will be less. I have kept up with credit card bills up until just missing a Discover and BOA this past month and I have 3 other cards due for smaller amounts that I think I will pay at the beginning of the month but then stop paying after that.
My questions revolve around the gambling...should I wait about 6 months...April/May to put some time between myself and the gambling...there was a brief gambling try the first week in October but I really have put my mind into that I can never go back. I opened up to my partner back in July and then have really had some in depth conversations since and he has promised to be strong for me emotionally and if he needs to chip in with money. Another thing I worried about is possible tax returns. So I have kept a rough draft on wins and losses but will go back to the site to figure out everything.....like I said I had huge highs and huge lows, I never really took out money more than a small amount. I imagine that my winnings probably are over $100K with losses over $100K...so i should be able to itemize everything where my losses offset the winnings. However very worried about how that might look to a trustee
Also one more question....so I work for my brother in a landscaping company. A couple years back our mower broke down and on short term we had to buy a new one that day. Unfortunately his credit was wrecked and mine was good at the time so the mower was put in my name.....it was about $9500 and now we have about $4K left on it to pay. I do not pay anything. He writes the checks out and sends it himself. Its a secured loan I believe...what will happen with that in bankruptcy
I realize I have to talk to an attorney and will try to do that sometimes next month. I am worried that before I file, collections might come down on me...could they sue within 6 months? I also realize my gambling problem was just insane. You guys wouldnt even want to hear it, its so embarrassing for me and such a low point so I know that I have to really be vigilient about that problem not coming back again.
Well thanks for listening to this ramble but its good to get it off my check
However as a landscaper who makes in total about $44K a year and now will be headed to a seasonal unemployment for a few months, income will be less. I have kept up with credit card bills up until just missing a Discover and BOA this past month and I have 3 other cards due for smaller amounts that I think I will pay at the beginning of the month but then stop paying after that.
My questions revolve around the gambling...should I wait about 6 months...April/May to put some time between myself and the gambling...there was a brief gambling try the first week in October but I really have put my mind into that I can never go back. I opened up to my partner back in July and then have really had some in depth conversations since and he has promised to be strong for me emotionally and if he needs to chip in with money. Another thing I worried about is possible tax returns. So I have kept a rough draft on wins and losses but will go back to the site to figure out everything.....like I said I had huge highs and huge lows, I never really took out money more than a small amount. I imagine that my winnings probably are over $100K with losses over $100K...so i should be able to itemize everything where my losses offset the winnings. However very worried about how that might look to a trustee
Also one more question....so I work for my brother in a landscaping company. A couple years back our mower broke down and on short term we had to buy a new one that day. Unfortunately his credit was wrecked and mine was good at the time so the mower was put in my name.....it was about $9500 and now we have about $4K left on it to pay. I do not pay anything. He writes the checks out and sends it himself. Its a secured loan I believe...what will happen with that in bankruptcy
I realize I have to talk to an attorney and will try to do that sometimes next month. I am worried that before I file, collections might come down on me...could they sue within 6 months? I also realize my gambling problem was just insane. You guys wouldnt even want to hear it, its so embarrassing for me and such a low point so I know that I have to really be vigilient about that problem not coming back again.
Well thanks for listening to this ramble but its good to get it off my check
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