creditor objection one day before deadline

[Pinktiger]

Yeah, Lightning, tell us? How does it feel?

Or do you hide behind something called the "bankruptcy law"? Did you know that it was legal to keep slaves at one point? Eventually society agreed that it was wrong. Guess what? Society is starting to think that filing bankruptcy is wrong. How does it feel to be at the wrong end of the ugly stick?

I've never met you, but you are the ugliest person I've run into in a long, long time. I hope you enjoyed your time on this board, because I think it is about over.

[FoolAndHisMoney]

[QUOTE=Lightning]If you can't accept that spending more money than you earn is not a good thing, you will never be successful.


Sorry about keeping this alive people. Just want to explain that this statement is a lie. It's actually true for struggling people that load up on useless toys as we have all learned. If you happen to have a dream of becoming successful at what you love to do sometimes you have to work for free and live on borrowed money and even barter services. How many actors, musicians, small business people, etc. do you know that just went straight to the top? Creditors take risks on these people and these people take risks trying to achieve something great instead of taking the easy way out. Sometimes they succeed and sometimes they fail.

If you count on "you know who's" dumb statement then NO ONE would ever succeed except for the few people born rich.

[robivi3]

How many of our most succesful enteprenuers in this Country and others have gone through Bankruptcy several times before success.

Lines of credit are necessary in business. They have been around since the beginning when two men sacrificed a sheep and produced witnesses to make a binding contract. Credit has always been a necessity. True, loading up on toys is wrong and abusive but the law is supposed to act on that. Of course Best Buy continues to front credit to those loaded up on toys, not to bright in itself.

And Pink, you are right, I think Lightning's time is about over. Someone ping the poor MORON (as he calls us) and get his IP so that once banned he is can't re-register.

Why is someone (other than a moderator, and Todd is obviously involved in research or education) on this board who has never had financial problems. I really think Lightning is Mark234 come back to life. His comments are unconstructive, generally inane and stupid and he is at this point serving neither his purpose nor the boards in being here.

[djt]

I can't believe I once defended this Lightning character. It's obvious that he is prejudiced against us bkers. I would be surprised if he were a CC operative doing the only thing they can do to us, namely try to make us feel bad, as they can't make us pay the money back. Why doesn't he ask them why they lend money to people they know will have difficulty paying it back. If I have an income of $40k why will they give me 4 cards with $10k credit limit. I'm not saying I blame them completely, but they do share some of the blame. They are the ones who make the rules. Not us. So, Lightning, go to their chat boards and tell them how stupid they are too.

[Cali7]

I place the responsibility for reaching this situation completely on my own shoulders. From the outset, when I started building credit, I was a minimum credit risk. I was making nearly six figures in my day job when I started as a copywriter.

As FoolAndHisMoney noted, doing something I loved meant always working--even when there wasn't the option to pay me. When I lose a big client I could just sit on my sofa doing nothing until another call comes in. Or, I could go out and do freebie work for friends or on low budget, yet still interesting projects. One is lazy and the other is proactive. While I'm not making income in either case, by being proactive I continue to expand the body of work in my portfolio. In the long term that usually helps me find more well paying gigs.

Because of the way I positioned myself and my lifestyle, my debt burden would go a little higher every time I got into one of these situations. It was a cycle--work, lose work, charge expenses and increase debt quickly, find good work, pay down debt but never quite to where it was before, lose work again. It went on and on like this. Eventually I realized that my way of dealing with things wasn't smart. By declaring bankruptcy, instead of paying down debt in times of strong work, I can contribute to savings. When things get lean, I can live off of savings.

Was I acting irresponsibly? I don't think so. I always anticipated that I would get things paid off because I knew well paying work was always around the corner...it just never worked that way. My salary during good times was well above what would be expected for someone carrying my debt burden. So despite their claims otherwise, I never lied on credit applications to get a larger line of credit. The problem is that as the debt inched up, it became harder and harder to survive the tough times. The creditors would continue to raise my limits. Again, I looked great on paper. I never maxed out the cards, but in the two years prior to filing my credit limits across three major cards increased a combined total of $25,000. Plus, since I always viewed these problems as temporary, I made every effort to never miss a payment. While I did come close several times, I successfully kept up w/ all my payments. In tough times this would usually be at the expense of other bills. But the steady payments just made me look better to the creditors.

Was I not thinking things through? Absolutely. Until it was too late, I never stepped back to get a clear picture of how sustainable my financial strategy was. This would become the essential thing that I learned throughout this process. I no longer make assumptions and I have a strategy for the worst that extends beyond just hoping for the best. I no longer have the fear of financial turmoil over my head. I never learned any of this as a kid. My parents didn't teach me how to handle money and they constantly battled credit issues. Fortunately, my children will have a better head start in life because I'll know how to steer and guide them regarding personal finances.

I think in the long run my great attention for never making late payments will only help me. All my accounts that are in the petition are now reporting IIB or discharged on all three reports. (Including Citibank, which filed the complaint.) I still have a few that say IIB/Charged off that I will be disputing. But even with that, as of today my scores are 650-685. This puts me in a much better position than I ever anticipated I would be in at this point. I've already been getting countless pre-approvals for unsecured credit cards. (And I'm tossing every one until I'm formally discharged.) I have to assume that this head start I have now can be almost entirely attributed to my payment history.

I have a feeling I'll end up paying this bill and that's OK. As long as I have the opportunity to present my argument against the slanderous comments found in the complaint, I'll be happy to abide by and understand whatever it is the judge decides. My only real fear is not having the opportunity to respond. To me that would indicate that the judge isn't taking both viewpoints into perspective and to me that's not fair.

This board is wonderful with many great contributors. Even before I posted, turning to this board had calmed my anxiety more times than I can count.

Thanks again for the help and insight. I'll be sure to update what happens.

[FoolAndHisMoney]

Thanks again for sharing this with us! Great reading!

I don't want to tell you what to do since I'm not a lawyer, but if you think that you will have to pay back Citi, then it maybe cheaper for you to bite the bullet and have your lawyer negotiate favorable terms. I'm only saying this because even though you are upset at their offensive letters it may cost you the 1600 anyway plus their legal fees. At least it's better to only cost you the 1600 or less with possibly no interest. Find out from your lawyer if you even have to pay their legal fees if you lose. You would have to pay your own legal fees if you lose and that's not cheap.

Good luck

[edwards2]

Cali7 - I totally agree with FoolAndHisMoney...your situation made for great reading and the way you have told your story certain suggests you are a gifted writer. I think you will get your day in court. And just for the record had my husband and I not had ours I dont think our case would have been discharged. Our attorney told us afterwards that our one on one with the trustee with the trustee being able to put a face with a case was the reason we won our case. I hope yours produces the same results. We are all here pulling for you. Please keep us posted.

[brokemama]

I just help people with money problems.

That's it.

Maybe one day you too can have some so you can help others.

If you want to play the metaphor game, then let's. Since you think it's okay to take money from someone without paying it back, you must also think it's okay to take someone's life and property without giving any compensation.

Or do you hide behind something called the "bankruptcy law"? Did you know that it was legal to keep slaves at one point? Eventually society agreed that it was wrong. Guess what? Society is starting to think that filing bankruptcy is wrong. How does it feel to be at the wrong end of the ugly stick?

I've been hanging out on this board for several months now and have noticed one thing, You have got to be the biggest jerk I've even heard!!!! I work in a inner city ED (and have been an "educated person") have seen and heard many that fit this catagory, but I do believe you take the prize. you have already made the assumption that everyone that has filed for bankruptcy, had done so because of spending issues. well let me tell you, that isn't always the case. As I've told you before in the past, some of us have had either ourselves or family members have catastrophic illnesses that has obliterated our saving, checking and 401 accounts. That was my case. I didn't overspend, unless you consider the medical expenses that my daughter encoutered after being born 11 wks premature and spending 4 months in the hospital on ventilators, bypass pumps and IV therapy. But of course you might call this an indulgence, right!!!! It was of course, only my daughter, not like it was anything major, right. as for your comment about insurance, my reason for filing bankruptcy was due to the greater that 200,000.00 medical bill, that I was unable to pay. Yes lightning, this was after the insurance company paid "their reasonable expenses". We even had 2 separate insurance policies. so I'm tired of everyone being nice to you, you can take you nasty attitude and stick it so far into your hindend that it will never seek the light of day again. you are not worth it anymore. I've never said this to anyone, but I really hope one day that some major medical or trauma issue happens to you, that takes you out of the fake reality that you have. Go somewhere else, your replies are not wanted or helpful to anyone!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Minnymouth]

Okay Folks,

You have fell under Lightenings "spell" again - AND HE LOVES IT!!!!!

Me, I just "consider the source" and go on with my day......

My grandpa would say "the only thing worse than an Ole Fool and a Young Fool is an Educated Fool..............

And Lightening STRIKES AGAIN!!!!

PLAY NICE -

MINNY

[987654]

Lightning~

Perhaps you could enlighted us to why you are even in the BK forum in the first place. It would be interesting to know if you've ever had a financial difficulty, or simply lead such a shallow life that attacking people is the only way you can get your jollies.

OP~I hope everything works out. $1600 isn't too bad in the scheme of things...maybe if you can show you were making extra payments in the preceeding months it will sway the judge. After all, if you *hadn't* been making those payments you'd have had some or all of the money in savings to pay for this You could also try settling it for pennies on the dollar: even if it is set aside, you're a no asset case so they have no guarantee of payment coming in, so they may been keen to accept half or less to settle it now. So if you do make an offer, make it low (1/4 or so) and negotiate it out.

Good luck!

[mystery]

Lightning

We all know that Lightning is dealing with the short man complex, can't get a date to save his life, and only knows how to manage his idea of "success and wealth." He's probably from a conservative state (like ohio or indiana) doesn't have many or any friends and probably has that abusive or "stalker" type personality. I'm sure there's been restraining orders issued on him and just wish he'd post his picture next to his name on this forum so we can just sit there laughing at what a little person he actually is!!!!!!!!

[robivi3]

I would agree up frontto pay the $1600.00. That is only me talking. My last charge was about six to eight months prior while we waited for income that never materialized. Bad mistake. Trustees were beginning to get strict then, today is a new ball game.

Like the Bible says, "agree with your adversary while you are on your way to Court", you will likely lose this one. I would get my Attorney ASAP, even go by his office. I don't get this unreachable lawyer stuff, my experience was utterly different. Do remember one thing, you ONLY contracted for the BK, the complications are extra, mine were.

Mystery, I'm a Red Stater and have always pressed R and likely always will. I have other issues that i vote on that are of great importance to my family. I do not support all that they do, nor do i hate all Dems and i have alot of respect for Hillary (some will chastise me I know) especially after reading that book on BK and families by Randi Segatore. the truth is that while First Lady Hillary trashed the BK Bill, thankfully, but as Senator Clinton she supported it and voted in favor of it, shame. That being said BK has been horribly abused. There does need to be some shame attached to it. We have attempted to remove shame from everything as a society and we are paying the cost heavily.

It is not Lightnings statements that are always so disagreeable. It is the manor in which he says them and some of them are peppered with a heavy dose of ignorance. I don't necessarily think he is stupid or mean, just wrong. Also, factor in anonimoty, that plays apart in all of our posts. And believe me I've trashed Lightning alot lately, unashamed and not apologizing. The purpose of the Law in BK is grant relief to those who find themselves in this situation. You do not forgive and then hound someone to Hell for a mistake or for falling into a bad medical problem. I would run up any debt to save a family members life, no question. But, in a Biblical sense so to say there has to be an avenue for redemption for those caught in such a situation. Hence BK laws

[FoolAndHisMoney]

Well said robivi. I too am from a red state and never considered bankruptcy political. Dems, repub's are no different. They/we all do things that may require forgiveness from the courts. Whether it's Enron, Kmart or simply J.Q. Public living on Main Street someone may need relief. I'm actually more discusted with the media over the change in laws. I speak of this subject to co-workers and they all say the same things that "Bush just caused us to be slaves for the rest of our lives with this law". They got their news from the local paper and not as we here do by researching others situations and legal descisions. There isn't one thing in the new law that will prevent anyone honest from getting relief. The very worst case is that 3% more people that file will have to pay back pennies on the dollar for 5 years instead of 30 years as the credit card companies want. The only negative I have with the new law is it was written by people that don't live the way we have to. Hence trillions in Government debt/high taxes.

[robivi3]

And actually the US Government has declared BK several times! George or Hillary never gave me one debt. The President mainly makes executive decisions and many things aren't his fault and some are. Politics is dirty on both sides. Stay out of debt is the best way. The law was never intended to relieve abuse, laws never are. The only time i will be a slave is when i hand over my Gun or i am denied access to the Courts, then my ability to defend my freedom is gone and all my rights will be up for grabs, yes, some things are worth dying for. that ain't political, but hey i grew up on Henry V and had a father who made me read the Bill of Rights and memmorize Longfellows "Paul Revere's Ride". Speaking of that, shouldn't Longfellow be taught in school today along WITH Maya Angelou (and yes, she is a great poet and has an amazing testimony)?

[FoolAndHisMoney]

Well said again!!!