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

Why Are/Have You Filed BK?

Collapse
This is a sticky topic.
X
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • #61
    I need to check more than 1 TOO!!

    We are still in the decision phase. Not yet contacted an attorney but feel a strong need to.

    Life expenses. Job Loss. COBRA payments (which worked out because of medical emergencies that popped up). New job out of state. Lower pay. More expensive benefits. Moves. Hubby moved first and the family followed 6 months later. Supporting 2 households for a year and the house still hasn't sold yet.
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

    Comment


    • #62
      Got injured from work. Lost valid work comp claim. Lost job and will likely go bankrupt unless I find job soon or win the lotto.
      Last edited by Lostmyjob; 01-07-2006, 12:36 AM.
      Going broke unless I get a job or win the lotto
      http://www.flalottomagic.net/?sponsor=Z1212

      Comment


      • #63
        Can't believe this is happening...

        Ultimately, I accept responsibility for my own success or failure. The events that I allowed to put me in this situation are:

        1. Unhappy Marriage
        2. Depression due to unhappy marriage
        3. Neglected my business due to depression
        4. Survived on LARGE credit lines due to lack of revenue from business
        5. Credit line debt too massive to pay back while trying to jumpstart business revenue

        Comment


        • #64
          For me the root cause was divorce. I tried to hold on for six years thinking I could get through it in time. Looking back on it now it was the toughest six years of my life and I have to admit that when I finally filed it was like a huge load was lifted off my shoulders. I contemplated the idea of a BK a few years before deciding it was the last option for me. My biggest mistake was obtaining most of the credit in my name only (I made the most and often times was the sole source of income for the household). My ex remarried and had little debt of her own. Her aim was to hurt me finacially and I let her for six years. Now I have filed and hopefully am on my way to rebuilding what I once had. My lesson learned is to recognize that I am responsible for my financial future and I will make decisions that are in my best interest no matter what the future will bring.
          waiting.....

          Comment


          • #65
            Purely my own fault. bad planning, bad choices, bad money managing skills. $100k in credit card debt.
            Filed Ch. 7 Pro-Se: 10/12/06
            341: 11/6/06 (went AMAZINGLY well!)
            Discharge: 1/12/07
            Closed:1/19/07

            Comment


            • #66
              Hey all---a newbie--thought this was the best place to put my first entry!

              I also have 3 of the choices as my final downward spiral towards bankruptcy-----the first being divorce and trying to adjust to my income after a nice six-figure joint income (not why I was with him but definitely an adjustment), losing a job with no job in sight for a long period of time, and misuse/use of credit cards---sort of a result of the 2 aforementioned problems as well as my own mismanagement of my income and credit cards.

              Meeting the bankruptcy attorney on Wednesday for the first visit and wish I had gone ahead and done this prior to 10-17-05 but was still trying to make the bills and see if a second job would help----no---just prolonged the agony and left me exhausted, sick, and just paying the bills not paying down the debt.

              Comment


              • #67
                Family illness, maternity leave, bad $ choices, unemployment....

                I had my son in oct 2003, decided to take care of him not counting that he too needed some support!!! My father got very ill (cancer) towards the beginning of '04 and he lived out of state. I chose to be with him because I was always his favorite daughter and he wanted to spend some time with my son. So, the only provider was my husband. I used my credit cards for my own and my son's expenses, and did not get a job until Sept 04 - already to late. So, finally, exactly a year later and after all these cranky and outrageous calls from our creditors we decided to go for ch 13, and boy do we feel much better now!!!

                Comment


                • #68
                  Originally had 30K in medical debt from a motorcycle accident. Transferred this debt onto 0% balance transfer deals on credit cards, so they would stop harassing me about the medical bills. For the next 2 years, lived in my parents basement, rode a bike to work, and paid every spare penny on the debt down to under 5K. Then came the job loss and economic downturn after 9/11, couldn't find work, ANYWHERE. A couple years of default interest, fees and bills being sent from creditor to creditor, I am back to 20k in the hole. What a waste of years of my life. Had I known this would happen, would have filed in the very beginning.

                  Comment


                  • #69
                    Most of the debts were from 5 or 6 years ago, and are finally catching up. Lots of medical bills from 13 y.o. daughter's suicide attempt, and 3 subsequent drug rehab stays. Wife and I were separated for about a year during that time, and the house got ransacked by the D's druggie friends, and most stuff worth anything was taken.

                    We were one of the first victims of identity theft, before anyone knew what it was, or what to do about it and how to deal with it. Check forgery, ATM card and credit cards went on their own little vacations at other people's pleasure. Not to mention those handy little cash advance checks that the credit card companies just love to send in the mail, for people to take out of your box. $2000 worth of them from Spiegels, of all places! Collect calls from the jails, a lot of them 3-way calls, and tons of long distance phone calls.

                    Wife lost her job during this time, and pretty much had a nervous breakdown. Our income was cut to about 70% of what it was, with a high mortgage payment, and no way to refi. Been waiting to get her on disability, but they, like the bk courts, are backed way up. Not sure if we're ever going to get her eligible.

                    I was doing pretty good at getting the smaller stuff paid up, but everytime I got rid of one, two more came in. The $2000 & $3000 cc bills turned into $6000 and $9000 with all the interest and late fees. The 7 year statute of limitations was coming up on most of these bills, and they were all hitting at once. I really made an honest effort to square things up with everyone, but I got overwhelmed, and couldn't take it anymore. I was on the edge of a nervous breakdown myself. Had been putting off going the bk route, but decided that it was time to do it before the laws changed. It'll be so nice not to have to screen our calls anymore.

                    Comment


                    • #70
                      As much as I would like to blame it ALL on my congestive heart failure, I can't. That was just the final straw. Ran up way to much debt in my early 30's, wife took a $12,000 a year paycut when she was laid off, and in June of 05 I was off work for two months thanks to a virus attacking my heart. My insurance covered a bunch, but cardio care isn't cheap, and I still owed a large sum as well. It just all piled up, and now we are here.

                      Comment


                      • #71
                        Stupid spending. Then the increase in minimum payments. Thought we had better file before the new laws took effect. We didn't want to spend the rest of our lives paying off 84k in credit card debt.

                        Comment


                        • #72
                          Can't Pin it on 1

                          Way of our generation - spend now, worry about it later! Divorce - I raised two kids on my own, had an okay job and always gave my kids a good life - figured when they moved out on their own, I'd be able to get my credit under control and save for retirement. Right........lost my job 1 month after my second moved out. 18 years on the job - here's your cardboard box, 3 weeks severance and best of luck for the future. Who's to blame. I guess I played a large part in it, but obviously by the number of posts here, I'm not alone. I've been in 13 for 2 years and 7 months. The budget I'm on is tight. Every day I get mail from over-eager creditors wanting to sink their teeth in me again. "Let us help rebuild your credit"......like they're really worried about my well being. I was over-extended on my credit.....don't think this was entirely my fault. I can't believe the amount of debt creditors had allowed me to accumulate! Never again I say. I'm paying back 100% and am learning to live on a cash-only budget - 1 year and 5 months to go on my 13 plan. What do I do to humor myself when I get credit card apps in the mail? It's fun..........you know how they give you a post-paid envelope? I write "take me off your list" on their app, then I stuff all my other junk mail in their envelope, seal it with duct tape and mail it back to them.

                          Comment


                          • #73
                            My reason is disability

                            That reason wasn't even on the list but here's my story. Nine years ago I was diagnosed with rheumatoid arthritis. Now I believe it was brought on by dealing with my husband's mental illness. I'd never known pain like that until then. He was getting so bad that I knew I'd have to find a facility to take care of him and didn't want to lose my home because of that. So I had him sign a quit claim deed and filed for divorce. His son discovered what we'd done and because I sent him back to Michigan to visit his son's, the youngest had him declared mental imcompetant and got legal custodian of him. Then he proceeded to countersue me for the settlement. In the end I was forced to settle out of court for $30,000 of which $22,000 went to pay his attorney. Then I had my attorney's fees to pay. Boy, do they ever make a lot of money!!! Right? Almost 2 years later he died and 3 years after that I was scammed into a debt elimination program costing me $12,000. Are you beginning to get the picture now? Presently I have 3 judgments against amounting to $64,000 which puts liens on my property title. They can't get my disability income but I can't do anything with my home without satisfying those judgments. And because I have a very small amount of equity in my home, I can't risk having that sold out from under me by filing Chapter 7. Where will this all end????

                            Comment


                            • #74
                              I we file, it will be b/c of charged medical bills, a medical loan, charging living expenses during DH job loss, and living off cc after I quit my job and before starting my home daycare business.
                              Filed 4-21-2008
                              7/16- DISCHARGED!!!!

                              Comment


                              • #75
                                medical bills ran up due to our lovely governments lack of making sure that working middle class has proper health insurance for our children. all caught up at once and created a big fat garnishment
                                filed 2/6/2006:aggress:

                                last day for objections 5/12/2006:yes2:

                                discharged 5/25/2006:yahoo: :clapping:

                                closed 5/25/2006 :yahoo: :yahoo: :angel: :clapping:

                                Comment

                                Unconfigured Ad Widget

                                Collapse
                                Working...
                                X