Everyone seem so nice and informative and already I am very grateful for you all...I know everyones story is differnent, difficult and complex. Mine is no different. My screenname says it all...I am sleeping alittle better, but most of the time, I feel like I'm ready to dive off a cliff. You know that aweful gut retching feeling called anxienty?
Where to start? I have my own business and my business is down about 50%.Bikini wax or gas? Facial treatment or feeding the 4 kids? Tough decision but most of my clients are passing on me. I've been in business over 26 years and it is who I am..Thinking of closing my doors makes me cry. Im almost 59 and starting over? OMG!! How did I get here? I lived in a condo on the beach where I rented for 18years and my rent was riduculiously cheap.My landlord died and I had to move out. I guess this is where all hell broke lose. I had just purchased land in Mexico 2 months before this happened. Part (35%) in my IRA and the rest I borrowed from my Moms estate. Thinking I would beable to pay her back in the stock market...WRONG! I put it up for sale immediately when I knew my life was about to change. Well my property that I planned on retiring on was not valued anywhere near what I paid for it. I wanted to sell it for more and pay off one of my credit cards. Didnt happen.
I found an apartment my rent went up 5 times what I was used to paying. My health insureance went to $620 a month. Tried to find a roommate and I did have a couple that were hell to live with. Now Im doing the balance transfer thing on my credit cards. My credit score was 800 in Jan. It's probably alittle lower now due to debt to credit ratio. On the first of every month I pay the minimum for the month. When July came and I paid all my bills, it finally hit me like a ton of bricks... I have no more money left. I'm underwater every month and I have about 2k left to my life.
I have 79k of credit card debt. I own a 2001 Honda CRV, my business tools and some products that I use in my salon and sell retail.
Ok another problem...I lied on my income to get the cc 0% interest. Who would have thought I would be in this pickle..not me. So now Im afraid of being put in jail for fraud and they take my property away and I lose my Moms money..Crap!!! I really dont think like could get much worse right now. Oh and I lost all my money in the stupid stock market.
So now Im on the hunt for a BK attorney and cry like a baby everytime I try to talk to one. Went to the first two and they didnt even know you can buy property in and IRA, Roth, or 401k. Which you can and I did. So I move to the next. I found this one in L.A. that is really inexpensive and he says not to worry, just stop paying on your cards (two of them bal.trans. that are way within the 90 rule), since your property is in your IRA which is protected we wont even list it...Holly Hanna!!! Part of me is happy and the part is saying I dont think so....I give him a check for $175 and $200 cash and sign a retainer. Getting this guy or this paralegal to call me back is like pulling teeth. At least the paralegal says to wait the 90 days on the cc's. But both of them say no biggie on the property.
So I went to this guy in Beverly Hills and he is a BK specialist and charges $2900 including filing. He totally agrees with me and says this guy is steering you into fraud. He says he doesnt know if I will beable to keep my property or not but that I absolutely need to list it. I paid $135k for 1/4 acrea of land. Mexico is having a tough time also and my property may get sold for $80 or $85k (which 35% of that goes back to my IRA) but after the Mexico sales tax and the commision and the major pain in the butt to try to sell property of the US. Im hoping the trustee may see this as "cumbersome" and let it go. So sorry to make this so long but it is what it is.. Any thoughts, comments? Opinions? Qualudes? Im just sick
to my stomach...
BTW Im in Ca. Thanks for listening..
R2P
Where to start? I have my own business and my business is down about 50%.Bikini wax or gas? Facial treatment or feeding the 4 kids? Tough decision but most of my clients are passing on me. I've been in business over 26 years and it is who I am..Thinking of closing my doors makes me cry. Im almost 59 and starting over? OMG!! How did I get here? I lived in a condo on the beach where I rented for 18years and my rent was riduculiously cheap.My landlord died and I had to move out. I guess this is where all hell broke lose. I had just purchased land in Mexico 2 months before this happened. Part (35%) in my IRA and the rest I borrowed from my Moms estate. Thinking I would beable to pay her back in the stock market...WRONG! I put it up for sale immediately when I knew my life was about to change. Well my property that I planned on retiring on was not valued anywhere near what I paid for it. I wanted to sell it for more and pay off one of my credit cards. Didnt happen.
I found an apartment my rent went up 5 times what I was used to paying. My health insureance went to $620 a month. Tried to find a roommate and I did have a couple that were hell to live with. Now Im doing the balance transfer thing on my credit cards. My credit score was 800 in Jan. It's probably alittle lower now due to debt to credit ratio. On the first of every month I pay the minimum for the month. When July came and I paid all my bills, it finally hit me like a ton of bricks... I have no more money left. I'm underwater every month and I have about 2k left to my life.
I have 79k of credit card debt. I own a 2001 Honda CRV, my business tools and some products that I use in my salon and sell retail.
Ok another problem...I lied on my income to get the cc 0% interest. Who would have thought I would be in this pickle..not me. So now Im afraid of being put in jail for fraud and they take my property away and I lose my Moms money..Crap!!! I really dont think like could get much worse right now. Oh and I lost all my money in the stupid stock market.
So now Im on the hunt for a BK attorney and cry like a baby everytime I try to talk to one. Went to the first two and they didnt even know you can buy property in and IRA, Roth, or 401k. Which you can and I did. So I move to the next. I found this one in L.A. that is really inexpensive and he says not to worry, just stop paying on your cards (two of them bal.trans. that are way within the 90 rule), since your property is in your IRA which is protected we wont even list it...Holly Hanna!!! Part of me is happy and the part is saying I dont think so....I give him a check for $175 and $200 cash and sign a retainer. Getting this guy or this paralegal to call me back is like pulling teeth. At least the paralegal says to wait the 90 days on the cc's. But both of them say no biggie on the property.
So I went to this guy in Beverly Hills and he is a BK specialist and charges $2900 including filing. He totally agrees with me and says this guy is steering you into fraud. He says he doesnt know if I will beable to keep my property or not but that I absolutely need to list it. I paid $135k for 1/4 acrea of land. Mexico is having a tough time also and my property may get sold for $80 or $85k (which 35% of that goes back to my IRA) but after the Mexico sales tax and the commision and the major pain in the butt to try to sell property of the US. Im hoping the trustee may see this as "cumbersome" and let it go. So sorry to make this so long but it is what it is.. Any thoughts, comments? Opinions? Qualudes? Im just sick
to my stomach...BTW Im in Ca. Thanks for listening..
R2P
* Pre-Filing Fico Score - 643 * 
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