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

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as 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: (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 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

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 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

To file or not to file?

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

  • #16
    Thank you for the clarification. It is helpful.


    • #17
      Filing a wage earners bankruptcy is very hard but full of lessons, there are many things I could have done differently and that is the reason chapter 13 is here. teaches us to live within our means and save our money instead of throw out to the sharks. Dont feel bad about filing, its a fresh start.. we owed 65 grand and paid half of that to date, one year from now we hoping to done with it.. its hard but gosh I can only imagine the day it ends. Without debts, with tools to be independant of the credit card companies. yeahhh... blessings and good luck
      100% unsecured/secured payback


      • #18
        Before we filed, we got about 35-40 calls a day. Keep in mind at this point, we were only 30-days late on our credit cards, however due to the new credit laws from 2009/2010, the first time we were 30-days late, our interest rates were increased to the max, i.e, one went from 10% to 29.99%, was this that made us realize were never going to get out of debt. Based on what we owed, we would have been paying into our 70s. The 13 offered us the chance to get rid of all debt before we turn 50 while paying off our tax debt in full (which was the monkey on our back). It has been 7 months of living without a credit card (it's not as bad as we thought). We have a's not always fun...but we try to remember what this will mean to us in year 5 when we are done.


        • #19

          We are in a real bad position. I have sought counsel from three different attornies and they all say that I am in a difficult situation.

          It has been almost three since I had to make a decision to stop paying on our unsecured credit cards which total quite alot. I have over the 300000 in unsecured debt, more than 1,1 million in secured debt. We have no savings, and no equity in any of the 5 properties that we own. We are getting sued in court for some of the unsecured debt and it is becoming very stressful. and on top of that we have been audited by the irS and they took away our deductions for my husband being the person to manage our properties because he didn't keep a log, so now we have irs debt. I cannot file chapter seven because we are trying to keep our properties that i am trying to catch up on two of them with payment arrangements, and chapter 13, we exceed the secured debt limits, and unsecured debt limits.. So what do we do. i have a job that pays me good money, my husband just manages the properties. Can we file two seperate chapter 13's to get the benefits limits for each of us? Or is there a way to eliminate all that unsecured debt and pay on the secured debt and keep our properties.... HELP,,, than I do not have the money for the attorney...I am so stressed out,


          • #20
            This sounds awful "ilovemyfam." I'm sorry to hear you're in such a horrible situation. I have absolutely no legal training, but from a book I read... I'm wondering why you'd want to hang on to anything material that is causing you so much trouble. If it were me, and obviously I don't know what properties to which you're referring, or what they mean to you emotionally... but I would want to let everything go, let them take it away, and start fresh... with kids/husband/family/health. That's just me. No advice on the 'above 300,000' in unsecured debt thing.


            • #21

              Has no one suggested an individual Chapter 11 bankruptcy to you? It is expensive but if you get to restructure your debts and can keep your properties - it would be worth it.

              It is too bad that the current limits for Chapter 13 are $360,475 of unsecured debt and $1,081,400 of secured debt and won't go up again until 2013.
              ~~ Filed Over Median Income Chapter 7: 12/17/2010 ~~ 341 Held: 1/12/2011 ~~ Discharged: 03/16/2011 ~~
              Not an attorney - just an opinionated woman.


              • #22
                Stupid things we did to delay the inevitable.

                Cashed out a 401K paid 36% penalty....needed the money to keep going.
                Refinanced in 2006 80/20 loan, to pay off other debts.
                Borrowed for student loans and took the refunds and paid other bills. Eh, those don't go away.

                So looking back, if we bit the bullet in 2005 or so, we'd be done now and have rebuilt some hopefully, have our 401K, have a better mortgage, have less student loan debt.

                Ah, if we only knew then what we know now!




                Unconfigured Ad Widget