when do you regret having filed a BK???

[sbluesc]

I just have to add my response as well. The only regret I have is I didn't file a few years ago. I had lost a large amount of money trying to keep up with the minimum payments on my credit cards and loans. I had even tried debt management but the payments was just too high. Now, a year since discharge, I am much better off financially.

[Gigi1999]

No regrets, just a lesson learned. I will never, ever have another credit card EVER again. I don't trust myself with them. I start spazzing out when I get a medical bill for $200 in. I have to pay it off as soon as I can ~ I just don't want debt on me anymore.

[Fallonedward]

I don't regret filing a BK7. The only thing I'm hoping for is employment for hubby so we can get on with our fresh start. With a long term job loss, we had no other choice. I made a smart business decision and I'm not regretting it for one moment.

[discouraged]

I should have filed years ago but let the bank convince me that I could pay off my debts. RIGHT. Sure did a good job of that! Although, I may have never found this forum if I'd done that then, so for that I am thankful.

[Toby629]

We regret we didn't file sooner. We wasted our savings and retirement trying to keep paying credit card accounts with ridiculous interest and penalties and in the end we are out that money and still had to file BK. Had we filed sooner we could have protected our retirement funds even with BK. Learned the hard way.

[moneyblues]

I really like this thread because this was my major concern. REGRETS! I hate regrets. This thread has really helped me with my anxiety over filing. It's kinda making me want to run to the attorney's office..somewhat. I'll do it tomorrow for sure and thats' a promise to myself.

[moneyblues]

The only regret I have is not doing it a few years ago.

I like that! That has made me feel good about wanting to file and I hope that's how I feel when I jump in.

[lillymarlene]

I regret a lot of things that have happened in the past ten years, my sometimes mindless spending, overuse of credit cards for example and many other items that lead up to my BK. However, I don't regret filing for BK at all. More and more I see that it was absolutely necessary. I am grateful for this second chance.

[Detroit]

I regret not filing years ago. I regret denying I was in trouble long, long before I filed. If I'd filed sooner, I'd be at least halfway through, if not nearly all the way through, the time the BK will show on my credit report. However, I can't help but wonder if I'd filed sooner, if I would have learned as much as I did, having filed now.

I'm older and definitely wiser - I thought about it for two years before I finally took the plunge. It was when I was pulling my account statements for my attorney that I realized how much I may have saved, financially and emotionally, had I filed sooner. Just something I'll wonder about, but only for awhile. I'm glad I did it; I feel unshackled. Although the road ahead will be challenging, I'm looking forward to my "new" life.

Discharged 12/14/10

[DesiPula]

Never.
Cost me around $400 (pro see)
Wiped out over $ 45K medical and 15K CC bills...
Not getting call from Medical bill collector PRICELESS :-)

[screentest]

Never!

ST

[tobee43]

you made an excellent point helpme...i guess it's really time to really start looking out for what's best for us as individuals...but i know at first i felt guilt and shame and all the feeling that come along with filing. but, now i'm soooooooo over it.

[Mere]

I LOOKED AT THE TITLE OF THIS THREAD AGAIN. I haven't regretted filing BK for a second. The BK makes me think my life is sad and that I used to have it all including a very successful career, but as for BK being a mistake, no way, it's been the smartest move I could ever make. I don't feel ashamed in the slightest, I don't feel any sympathy for the creditors in the slightest. Anyone that feels ashamed or bad for the creditors needs to take a real life evaluation of their situation and the real world we live in and look out for their very survival!

Well said helpme2010, well said

[helpme2010]

I LOOKED AT THE TITLE OF THIS THREAD AGAIN. I haven't regretted filing BK for a second. The BK makes me think my life is sad and that I used to have it all including a very successful career, but as for BK being a mistake, no way, it's been the smartest move I could ever make. I don't feel ashamed in the slightest, I don't feel any sympathy for the creditors in the slightest. Anyone that feels ashamed or bad for the creditors needs to take a real life evaluation of their situation and the real world we live in and look out for their very survival!

[tobee43]

I agree with Mere- thank you all for sharing. It make me less stressed to read everyone's comments. Nearly 3 years ago we got to the point where we could no longer make our min. payments on the multiple cc we had. I had my hours cut back at work and we had increased expenses. The cc companies didn't want to work with us and our interest rates l went up. Without doing much reseach we signed up w/Freedom Debt Relief. Biggest mistake ever! I should run some numbers, but we are probably more in debt now than when we started with them even though we haven't incurred any new cc charges since then. Then my husband lost his job and was unemployed for over a year and they took our $ and dumped us b/c we could no longer pay them $700 a month for their "services" (or rather lack thereof). I wish we would have filed BK to begin with. We'd be so much better off now. We hadn't even considered BK until a month ago- we were very misinformed- we'd lose our house, our vehicles, etc and we didn't want to be one of "those" people that filed for BK. I'm over that now. We paid a retainer fee today to a BK lawyer that we met with for almost 90 minutes (free consult) and did a lot of research on. He's a little more than what my husband would like to pay but I feel comfortable that we made the right decision. I am confident that at the end of this we will be happy we did this- and happy (in reference to another post) that we put our family first over the banks (not to mention JDB!). Not sure yet if we will be in a 7 or a 13, which makes me kind of nervous (we are under median and also pass the means test, but have arrears on our 1st mortgage)- but either way it will be nice to get this weight lifted off of us- not cringing everytime the phone rings and everytime someone unexpected knocks at the door, or worrying about the next ball dropping- like the house or cars needing major repairs.

i know this is such a difficult time for you. it was hard for most all of us that had to go through this. believe me when i say, it really was one of the better decision we ever made. it's all such an emotional roller coaster...but you'll land on your feet!

best of luck to you and keep in touch!!!