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

  • #76
    Working for a very large telecommunications company here in Florida and was terminated unexpectedly. .Went from making 60K a year to working 9.00/hourly !! It's a crying shame !!

    With 2 children under the age of 4 we had no other choice. It was a very hard decision to make, but can honestly say now that it saved our marriage and our family ! It was the best choice with the situation we were in.

    Comment


    • #77
      How I got where I am....Real Estate

      Bought a house in November 2004 for 190K. 10% down. Did some fixing up then had to relocate....house would not sell. finally sold for 127k in 11/05
      about 2 days before final foreclosure judgement!!!!!
      Had to crank up the c-cards during the moving relocation period. Oh, I have 2 sons on the Autism spectrum and that has been expensive as well....so to sum up, real estate and medical.

      Comment


      • #78
        Dumb decision number 1: paid off medical (and pet medical) bills w/my cc to eliminate hassle of multiple payments in a month.
        Dumb decision number 2 and unforseen circumstance number 1: started grad school on an unsecure part time job for a law office with too many problems (got laid off due to downsizing, not eligible for unemployment)
        Dumb decision number 3 and unforseen circumstance number 2: signed a lease with a friend who was looking for a job (friend found job, out of state, and left me with the rent on my own).
        Dumb decision number 4: Supported myself on my cc while looking for work.
        Unforseen circumstance number 3: Landed a job working for the state of Louisiana. First day of work, August 29, 2005; Hurricane Katrina decided to take a shot at me. It worked, I lost the job.
        Unforseen circumstance number 4: Found a new part time job, but car wreck occured, motorist not paying attention. His fault, but no insurance. Took my insurance company 2 months to work out whether they wanted to fix my car or not (many many other claims filed during this time...go figure). No rental cars available due to hurricanes so I was therefore unable to transport myself to work (80 miles away).
        Unforseen circumstance number 5, or (light at the end of the tunnel?): Managed to file 13 (somehow!) with a part time job and no idea what I was going to do next. BUT, things are looking up now.
        Last edited by tictacsir; 07-28-2006, 10:32 PM.

        Comment


        • #79
          A couple of months after we moved into our new house my wife's job was terminated. She was in school at the time and pregnant with our second child. We basically lived off credit cards during 2 1/2 years. We figured we'd be able to start paying it all off after she graduated. This wasn't the case and now we have to file. Our future combined income won't cover our expenses! She starts in a couple of weeks and we plan on filing in a month.

          Comment


          • #80
            Irrespondsibility and living beyond my means

            I also have had a few bouts with depression, vertigo, 2 surgeries since January and a car accident. I missed alot of work and didn't get paid for part of it. Mostly it was my own irrespondsibility and not paying my mortgage.

            Comment


            • #81
              ~ $40k+ in student loans that i haven't even started repaying (graduated 5 yrs ago!)

              ~ high cc debt due to the way they "throw" any kind of credit at college students (my parents were never good with credit either so i only viewed cc's as money to spend - no long term plans for repayment - i didn't really know any better)

              ~ living with a roommate who convinced me it was "no big deal" for us to break leases at more than one place, therefore owing them for the rest of the year's rent

              ~ i chose an industry that is known for its low pay because it's what i was/am passionate about (non-profit/human services) so every job i have had is low-paying

              ~ high car payment for crappy car due to high interest rate b/c of my bad credit... but had to have transportation, and with bad credit all they want to do is put you in a new car... so of course that means being upside down for a couple of years at least

              ~ had a baby last year and racked up medical bills for me and her, and haven't worked since i can't find a job that justifies the cost of daycare

              hmm, what else... i guess those are the main factors! ignorance, employment issues, family financial situation, etc etc etc!!
              Last edited by monlyba; 08-15-2006, 12:27 AM.
              Monica
              planning to file Ch. 7 - soon!

              Comment


              • #82
                Working a great job, great pay, killer hours (three day weekends EVERY week)... Company sold out my job to India (or Pakistan... like it really matters). Moved away from area because of ZERO tech jobs, and Seattle was in a SERIOUS tech rut at the time, so I landed in Reno. Took six months (with requisite draining of savings account paying credit card bills) to find a decent job (read: 1/3 less than I was making before). Just didn't have the money to pay the two big credit card bills that weren't even a blip on the radar at my last job. Fast forward a year and a half, and MBNA doesn't even want to discuss payment plans, so they forward my account to a law firm (Mann Bracken) to do their dastardly business. They chose to drop a bomb, and now I've chosen to send a nuke their way. With the new laws we (the People) have given these credit card companies carte blanche to do whatever they want, so I personally don't give a hoot if they lose money. Period.

                I'm Steve, and I'm in Chapter 13. Proudly now, given the behavior and (in my eyes) unethical practices of two credit card companies. Screw 'em. My life will go on, I have plans to recover, and I'm not looking back. I also won't sign ANY credit application EVER AGAIN that contains this mandatory (ie, predatory) arbitration hogwash.
                09/13/06: -- C13 filed with Courts
                12/04/06: -- Plan confirmed!
                Payments left: -- 38

                Comment


                • #83
                  Factors:

                  1) 16 years of 0 child support...Never sought it...never complained. Can you say stupid?

                  2) 22 Years in the Navy...Saw the World/Priceless Memories/Never had the $$$ to qualify for a mortgage...See #1

                  3) 3 years as a franchisee...Nickled and Dimed to death...No good can come from signing a 200 page contract...


                  pv34pv3p(it's only money...)

                  Comment


                  • #84
                    Catchmeifyoucan, here: cuz i'm a gambler, and still am, i just don't have the credit cards to play with anymore.

                    catchmeifyoucan
                    July 2006: Filed Ch13 :blink:
                    Oct 2006: Converted to Ch7 :clapping:
                    Jan 2007: DISCHARGED :clapping:
                    Nov 2007: CLOSED :yahoo::yahoo::yahoo:

                    Comment


                    • #85
                      Job injury

                      We bought a house in September of 2005. In December 2005, my husband was injured on the job. He hasn't been able to work since then - so the bills piled up and we finally had to file bankruptcy. The company he worked for is still fighting us in court - they don't want to pay workman's comp. And he can't file for disability until the workman's comp thing is settled. So we filed bankruptcy because my husband hurt his back (4 ruptured discs) while working for a company he'd been with for 10 years, and they are being heartless . . . . . . . can't think of a word bad enough for them . . . . and because of that, we had to file bankruptcy or lose everything we have . . . .

                      Comment


                      • #86
                        My husband lost his job in 2001 and we sold our house and lived off that and his 401K. In the year that followed, we ended up with $100,000 in credit card debt (we had a lot when he lost his job already) plus we also had $550 a month in student loans. Over the next 4.5 to 5 years that increased to $120,000. When the credit card companies raised our minimum payments and interest, we couldn't make it anymore. We finally filed for BK after the bank seized our rent payment out of our accounts.

                        Comment


                        • #87
                          Hi Catchme! I too am a gambler. I didnt use CC because I didnt have any credit left on them! but, i became addicted to online gambling and used my debit card from my bank account. then when payday came around, i was falling short due to overdraft fees, etc. Then there was nothing left over to pay any of my bills. I am surrendering my house and have found a nice duplex where my daughter & I can start over again. I so want this ALL behind me!! I am filing chap 7 in december when my income shows at below the median for NY. I have absolutely NOTHING to show for all my long working years. I wish I could turn back time and live my life differently, but..I cant. All i can do is learn from my mistakes..and God willing..get a fresh start!

                          Comment


                          • #88
                            Excessive Credit Debt

                            Made horrible financial decisions and over spending! Started a business with 5 mouths to feed and no savings. All monies earned went to start up and personal living expenses and now outstanding debt gets worse everyday!

                            Comment


                            • #89
                              Excessive Credit Debt

                              I made some bad financial decisions, especially in terms of buying my first car. I couldn't afford the repairs it required, and I put them on the credit card.

                              I've suffered from mental illness for quite a while and started getting treated a few years ago. It's cheap sometimes, but it gets expensive at other times. I had a hard time finding a good, affordable therapist until this summer - when I finally found one.
                              DISCLAIMER: I am not an attorney. My posts are not legal advice. They are for information only. Please feel free to use them in an academic sense, as I simply wish to share with you what I have learned/researched.

                              Comment


                              • #90
                                Excessive credit card debt, 90-plus percent of which I was unaware of until August 15, 2006.

                                My wife handled the family finances and repeatedly assured me that all was well up until the day the bank called to tell me that we were $2700 overdrawn. At first I thought they were calling the wrong person but I ended up having to scramble and managed to cover the bank overdraft. That night my wife admitted to about $49,000 in credit card debt but the next day, while checking into a home equity loan, I did my first free credit check, which showed $94,000 in credit card debt. It eventually ended being $114,00 in unsecured credit card debt plus about another $3000 that I paid off to local businesses prior to our filing BK. In addition, I ended up discovering that our savings account only contained about 1/100th of what I had been led to believe. As best as I'm able to determine, there's nothing really to show for all of this debt; no luxury items, no hidden cash, the money wasn't gambled away- I think it just creeped up on my wife until it couldn't be kept a secret anymore and then it fell to me to deal with it.

                                It seems hard to believe that all this occurred without my being aware of it but I did like many of us do and took my spouse's word for it that things were OK. I found that she had gone to considerable lengths to keep the truth hidden from me; having CC's that I didn't know about, hiding mail from me, giving the CC companies her cell phone so that they wouldn't call our home phone, etc. For my part, I deposited the same amount into checking every payday, never used or even saw the checkbook or savings book, and covered my personal daily needs using a small amount of cash that I put in my pocket each payday. I only had one credit card that I personally used, which had a $1700.00 balance on it, which was used mainly to purchase parts to keep our vehicles up and running, with me doing all of the mechanical work myself.

                                Now my wife and I are separated and likely on our way to a divorce (with 5 kids ranging from 11 yoa to 21 yoa) although, thankfully, this did drive her to finally seek psychiatric help. We filed a Chapter 7 as a couple and it seems to be going well with a status of "awaiting discharge", with the final day for objections being Jan 2, 2007 and none expected to be made.

                                I was able to hire an atty to represent us in the BK and also paid off the local debts that we owed by my selling the lone luxury item I owned, a Harley that I had owned for 25 years (since before we were married). I now have my own checking and savings accounts and am saving regularly, despite paying all of the bills that accompany having a household with 3 kids still at home.

                                I am thankful that the chapter 7 seems to be going along without a hitch. I was raised to pay my way in this world, live within my means, and thought that I was doing so. I wasn't excited about the prospect of a chapter 13 as I know that it would fall to me to make the payments for 5 years and I just feel that I've taken enough of a butt-whipping in this already. All I want is the chance to stand on my own two feet again and provide for my family.

                                The mandatory debtor counseling was a joke- seemingly intended for slow 5th graders. The counselor asked me what I was going to do to avoind ending up in the same position some day and I replied, "I'm getting divorced!"

                                At work I'm a boss with 15 employees who manages a 1.1 million dollar budget to within a fraction a percent every month. I'm able to do so because I have the information necessary to make good decisions. I am achieving this again in my personal life and for that I am truly grateful.

                                Comment

                                Unconfigured Ad Widget

                                Collapse
                                Working...
                                X