It would be nice to see your personal list of creditors and amounts for everyone

[debtmonster]

I didn't buy a brand new Escalade. I bought a 4 year old one with 80K miles on it. After all was said and done, my original loan amount was $21,500. Now, the Escalade will be rounding 100K miles anyday now and I STILL owe $19K on it.

I'm sorry, but going from a $270 monthly payment to $460 was a huge jump for us...One that I'm STILL kicking myself for.

Well, what can I say? You bought a Saturn. 'Nuff said.

My husband, the one who actually goes to work everyday (and drives 100 miles a day round trip) drives a beater car. He has my old car, that I got brand new for graduation....a 1998 Chevy Camaro. It has almost 190K miles on it and it has to last us at least another year or 2.

Regardless, I hate my Escalade, wish a million times over that I had gotten rid of it when I had the chance. I don't feel "entitled" to it. I feel ashamed of it, embarassed, and wish everytime I get behind the wheel that I didn't have to "pretend" that I have money. I'm tired of putting on the "act". <sigh>

Gotcha. I didn't know it was old. I've owned many Camaro Z28's in the past. I used to get leaks. Is it a 6 or 8 cylinder Camaro? I remember that Camaro having a sticker price of about $18,000 for the 6-cylinder. My Z28 was $25,000. I was paying $500/mo. on that back in 1999. I had a job paying $33/hr. back then.

Yeah, that would be upsetting to owe all that money on a car with 100,000 miles. Those things are so upside down now, it's not even funny.

What was the household income at the time for the big jump in payment?

[Stilltheone]

$460?!?!? THAT'S ALL!?!??! How did you get it so cheap??! Are you nuts?! My BMW payment was $740! If my payment was only $460, I would eat Ramen noodles for years to be able to keep it if I had to.

I didn't originally start out with the BMW. I had a Saturn Vue Hybrid that I was paying $600/mo. on. It broke down 9 times in the first year. It left my wife stranded 3 times where we had to get the tow truck and tow it to the dealer from electrical problems. After going back to the dealer all of those times, that's why I was like, "Awe what the heck, for $130 more I could be driving a Bimmer and not deal with this BS." When you're making $7000-9000/mo., $740/mo. payments is not an issue. Just look at all of the people in California who are paying $3500/mo. for rent when they are making $10,000/mo. Same difference.

I can have a cheap beater car just as long as me or my wife DO NOT HAVE JOBS. Once you have a job, you need something reliable when you're driving 70 miles per day. Being that both of us are gonna be unemployed, now we won't need the BMW anymore. I found an old 91 Nissan Sentra for $1500. Something like that would have to make due for a while. Once my BK is over and they take both of our cars, I'll get something cheap like that.

I learned my lesson with the BMW. For now on, I will buy one "USED" instead of paying $43,000 for a brand new one. I can get a nice 5-year old BMW 3-series for the same price that we paid for our Saturn Ion. That makes me sick. While a 5 year old Saturn has major squeaks and rattles, a 5 year old BMW still drives like a brand new car (unless it was wrecked.)

I didn't buy a brand new Escalade. I bought a 4 year old one with 80K miles on it. After all was said and done, my original loan amount was $21,500. Now, the Escalade will be rounding 100K miles anyday now and I STILL owe $19K on it.

I'm sorry, but going from a $270 monthly payment to $460 was a huge jump for us...One that I'm STILL kicking myself for.

Well, what can I say? You bought a Saturn. 'Nuff said.

My husband, the one who actually goes to work everyday (and drives 100 miles a day round trip) drives a beater car. He has my old car, that I got brand new for graduation....a 1998 Chevy Camaro. It has almost 190K miles on it and it has to last us at least another year or 2.

Regardless, I hate my Escalade, wish a million times over that I had gotten rid of it when I had the chance. I don't feel "entitled" to it. I feel ashamed of it, embarassed, and wish everytime I get behind the wheel that I didn't have to "pretend" that I have money. I'm tired of putting on the "act". <sigh>

[debtmonster]

The sales guy at the dealership pressured me into the Escalade. Our payment is $460.

$460?!?!? THAT'S ALL!?!??! How did you get it so cheap??! Are you nuts?! My BMW payment was $740! If my payment was only $460, I would eat Ramen noodles for years to be able to keep it if I had to.

I didn't originally start out with the BMW. I had a Saturn Vue Hybrid that I was paying $600/mo. on. It broke down 9 times in the first year. It left my wife stranded 3 times where we had to get the tow truck and tow it to the dealer from electrical problems. After going back to the dealer all of those times, that's why I was like, "Awe what the heck, for $130 more I could be driving a Bimmer and not deal with this BS." When you're making $7000-9000/mo., $740/mo. payments is not an issue. Just look at all of the people in California who are paying $3500/mo. for rent when they are making $10,000/mo. Same difference.

I can have a cheap beater car just as long as me or my wife DO NOT HAVE JOBS. Once you have a job, you need something reliable when you're driving 70 miles per day. Being that both of us are gonna be unemployed, now we won't need the BMW anymore. I found an old 91 Nissan Sentra for $1500. Something like that would have to make due for a while. Once my BK is over and they take both of our cars, I'll get something cheap like that.

I learned my lesson with the BMW. For now on, I will buy one "USED" instead of paying $43,000 for a brand new one. I can get a nice 5-year old BMW 3-series for the same price that we paid for our Saturn Ion. That makes me sick. While a 5 year old Saturn has major squeaks and rattles, a 5 year old BMW still drives like a brand new car (unless it was wrecked.)

[Stilltheone]

When you got it did you think you could afford it? Or did you buy it just because it was an Escalade?

We traded in our Pontiac Montana van. Our payment was $270.

The sales guy at the dealership pressured me into the Escalade. Our payment is $460.

I think it was a little of both. I had the sales guy and my husband, saying "You can afford it", but it scared me to death. Yet, at the same time, I wanted it BECAUSE it was an Escalade.

Now, I can't even stand to look at it. If my husband didn't drive 100 miles a day roundtrip to work, I'd let him drive it and I'd take his clunker.

[Cali]

When you got it did you think you could afford it? Or did you buy it just because it was an Escalade?

Ya know, I thought that too about my Cadillac Escalade. "I want it, I gotta have it". Didn't matter to me that my payment almost doubled, didn't matter that gas and insurance went up. I just "wanted it".

Funny thing is when my husband's pay got cut, my first thought was "Why did I buy that damn Escalade?"

Now, after filing bankruptcy, being brought to a new low, I don't think I'm "entitled" to my Escalade anymore. In fact, it somewhat embarasses me to drive. (hence the reason I have been trying like HECK to trade it in on a Chevy minivan)

When I get behind the wheel, I don't feel as if I "deserve" it. I don't feel as if I've "earned" it. I feel like I am lying to the world around me. In fact, everytime I get in it, I hit it (lightly) with my fist because it has been such a thorn in my side. I hate it with a passion. It signifies money and power and I'm tired of pretending I have both. <sigh>

I know you're trying to "lighten the mood", but bankruptcy is a serious matter. It's not something to laugh about.

[Stilltheone]

I'm entitled to drive that BMW. Other people who have one are no more special than me. Everyone should have one, or at the very least a Porsche Cayenne Turbo.

Ya know, I thought that too about my Cadillac Escalade. "I want it, I gotta have it". Didn't matter to me that my payment almost doubled, didn't matter that gas and insurance went up. I just "wanted it".

Funny thing is when my husband's pay got cut, my first thought was "Why did I buy that damn Escalade?"

Now, after filing bankruptcy, being brought to a new low, I don't think I'm "entitled" to my Escalade anymore. In fact, it somewhat embarasses me to drive. (hence the reason I have been trying like HECK to trade it in on a Chevy minivan)

When I get behind the wheel, I don't feel as if I "deserve" it. I don't feel as if I've "earned" it. I feel like I am lying to the world around me. In fact, everytime I get in it, I hit it (lightly) with my fist because it has been such a thorn in my side. I hate it with a passion. It signifies money and power and I'm tired of pretending I have both. <sigh>

I know you're trying to "lighten the mood", but bankruptcy is a serious matter. It's not something to laugh about.

[debtmonster]

Primary Residence
160k
Rental 1
80k
Rental 2
73k
Rental 3
116k
Credit cards
BOA: 17k
CHASE: 11k
AMEX: 10k
CITI: 8k
TOTAL: 475K

nice to see some people in my shoes...

Goodluck to everyone!!

Yep! Welcome to the BK club. Did you go BK on all of this already? Contimplating? Or is it in process?

[FU2MI]

Primary Residence

160k

Rental 1

80k

Rental 2

73k

Rental 3

116k

Credit cards

BOA: 17k
CHASE: 11k
AMEX: 10k
CITI: 8k

TOTAL: 475K

nice to see some people in my shoes...

Goodluck to everyone!!

[hereforinfo]

You're entitled to drive that BMW until the repo man takes it away! After that, I hope you charged some nice Reeboks on that Macy's card cause you're gonna need them for the 56 mile round trip commute to Mickey D's.

[debtmonster]

For starters, most people would learn from their mistakes if they've been laid off even once, let alone as many times as you claim. If you have such a history of losing jobs, why on earth would you purchase a BMW @$740/month (not even inclusing the insurance and gas!)?? You are the epitome of what is wrong with our society today and why our economy is in this terrible mess. Where do you get this sense of ENTITLEMENT?

I recall from your previous post that you just got health insurance via your wife's job. Yet, you are considering having her quit her job and giving up those benefits because her take home pay is "too small." I guess it's better for her to sit on her rear all day and make nothing while you continue to complain about having no money. You've also said you haven't found a day job in 3 years. Have you applied at Mcdonald's? How about the mall? Stop whining and do something to change your situation.

McDonalds is 28 miles away from here. It wasn't me who made that stupid means test. There's millions of people who are pissed off about it and think it's ridiculous. I'm sure we're not the only one who had one or both people quit their jobs to pass the means test.

I'm entitled to drive that BMW. Other people who have one are no more special than me. Everyone should have one, or at the very least a Porsche Cayenne Turbo.

[hereforinfo]

It wasn't a matter of being financially irresponsible. It as a matter of signing an agreement and then having an employer lay you off with no control on your part. And then you go apply for jobs like a mad man while unable to find any. WHAT ELSE ARE YOU SUPPOSED TO DO?!?!

For starters, most people would learn from their mistakes if they've been laid off even once, let alone as many times as you claim. If you have such a history of losing jobs, why on earth would you purchase a BMW @$740/month (not even inclusing the insurance and gas!)?? You are the epitome of what is wrong with our society today and why our economy is in this terrible mess. Where do you get this sense of ENTITLEMENT?

I recall from your previous post that you just got health insurance via your wife's job. Yet, you are considering having her quit her job and giving up those benefits because her take home pay is "too small." I guess it's better for her to sit on her rear all day and make nothing while you continue to complain about having no money. You've also said you haven't found a day job in 3 years. Have you applied at Mcdonald's? How about the mall? Stop whining and do something to change your situation.

[debtmonster]

I had a similar situation with I belive around 1 mil in debt....Everything went fine. Nobody ever even looked at a Bank Statement or Tax return.

You're so lucky to have a trustee who just wanted to push things through. That would be nice if I could have smooth sailing like that. I think these people are going to want 2 years of bank statements and hound me... just because. I always have bad luck.

[Overmylimit]

Ugh,

which Chp did you file and were there any objections?? I am really getting nervous the closer I get.

[Ugh07]

Hmmm I think too many to post but here is the overview.

1st Mortgage GMAC 650k
2nd Mortgage SLS Loan Servicing 177k

2 Rental Properties

1st GMAC 53K
2nd Ocwen by the way Ocwen is the worst company on Earth 16k

1st Indy Mac 56k
2nd Indy Mac 14k

Unsecured Business lines of credit:

Banco Popular 51k
Bank of the West 100k
B of A 3 accounts total 49k
Citi 16k
Wachovia 50k
Wells Fargo 30k
Wamu 2nd worst company on Earth 50k
Cal Bank & Trust 50k
Advanta 29k
Discover Business 4k
Capital 1 5k

And a few misc that I am forgetting, so like 1.4 mil......


I appreciate all the advice this board has given me, I will be filing soon I am just trying to put time between $$ being spent and BK.

As you can see my #'s are very big, thats why sometimes even after reading other posts I just don't think my case will be smooth sailing like many of you. I will be the guy they make an example of...............do they still do public hangings? Lol

I had a similar situation with I belive around 1 mil in debt....Everything went fine. Nobody ever even looked at a Bank Statement or Tax return.

[GreenInkOnPaper]

It wasn't a matter of being financially irresponsible. It as a matter of signing an agreement and then having an employer lay you off with no control on your part. And then you go apply for jobs like a mad man while unable to find any. WHAT ELSE ARE YOU SUPPOSED TO DO?!?!

You need to lighten up. I am getting read to lose my house and both vehicles and have no idea where I will be next year or how I will even get a car and you don't see me getting all upset over it. I have had so many things taken away from me many times from layoffs that I am NUMB from the pain already. Maybe it was your first time at going BK, but I have felt like I have gone BK like 15 times already.

So please stop getting pissed off. You offend me when you do that. It's only material stuff. You didn't come into this world with it and you won't leave this world with it neither, so stop making such a big deal about it. You can always make more money and buy whatever you lost all over again, or after the economy comes back.

I just heard that the Dade County school board is giving the axe to people there. They planned this a long time ago. Maybe you should go and tell them how irresponsible they will be once they are evicted as well.

Stop pointing fingers unless you know the full story. You were not in my shoes at the time I was left homeless so you have no right to judge me.

I try to be uplifting in my posts and get a smile. I don't need you to post nasty comments during these bad times. I'm already going through enough stress as it is without people like you getting offended at my posts. Stop being offended. That offends me when you get offended, so knock it off fast.

Thanks and good day.

Uplifting??? YOU???
Puh-lease!