You know you're in bankruptcy when...

[alice0427]

1) You think things like, "Maybe after the bankruptcy is over, I'll get a part-time job."

2) You worry about having a garage sale because you might goof up your bankruptcy.

3) You think 15% would be a good rate for an auto loan.

4) You convince yourself that you really DO spend $600 per month on food.

5) You roll your eyes when you hear people talking about their good credit.

6) You roll your eyes and prepare to whack someone when you hear people ranting about those darn deadbeats who just give up and file bankruptcy.

7) You defend bankruptcy in public and try convincing other people that it's really not that bad.

8) You make a mental evaluation of all your broke friends' financial situations and decide that they should file for bankruptcy too.

9) You hope to God that your wealthy 98-year-old grandmother can just hang on until April 6, 2006. (Or six months after your file date.)

10) You hold your breath every time you check the mail or get a call from your attorney.

11) You have three dates circled in red on your calendar and you breathe a sigh of relief every time one of them passes.

12) You do the happy dance at the mailbox when you receive your discharge papers.

13) When it's all over, you feel good about yourself for not having any debt.

14) You're surfing the Bankruptcy Forum boards at 12:08 a.m. on a Friday night, making up stupid lists.



Yep, I'm really this pathetic. I think it's time for bed!

[Genenco]

1) You think things like,

1) "Maybe after the bankruptcy is over, I'll get a part-time job."

3) You think 15% would be a good rate for an auto loan.

5) You roll your eyes when you hear people talking about their good credit.

6) You roll your eyes and prepare to whack someone when you hear people ranting about those darn deadbeats who just give up and file bankruptcy.

13) When it's all over, you feel good about yourself for not having any debt.

14) You're surfing the Bankruptcy Forum boards at 12:08 a.m. on a Friday night, making up stupid lists.

Yep, I'm really this pathetic. I think it's time for bed!

Answers:

1. Have it now, not filed yet

3. Ummm..That's mine and yes, I think it's good..

5 & 6 Oh yeah, more then once have felt like it.

13. Yes, I did feel good that day, but didn't learn

14. No, that's something I remember well...the worry doesn't leave you for awhile now.

[JMKC888]

Sorry I'm new to this world of Bankruptcy. No I'm not bankcrupt yet. But I am interested in why people become bankrupt. Is it really just due to poor budgeting ?

Regards
MK

[Genenco]

Sorry I'm new to this world of Bankruptcy. No I'm not bankcrupt yet. But I am interested in why people become bankrupt. Is it really just due to poor budgeting ?

Regards
MK

In some cases, yes. In many, nope. Some reasons are:

Divorce

Medical Bills

Student loans (Which are not dischargeable) but paying them and $45,000 worth of CC debt is a bit hard, when you make only enough for the student loans and the regular expenses.

Gambling/Drug Addiction

Shopaholic

Preadatory Lending

Loss of work, spouse, child

Hurricane, or other natural disasters....

Don't EVER think of yourself as worthless. I'm still trying to somehow work it out with my creditors, but fear I shall be in court soon enough.

We all have our problems, it's not easy to actually point to one thing, when it's lots of reasons.

Welcome, hope you enjoy your stay

[pink_amulet]

Sorry I'm new to this world of Bankruptcy. No I'm not bankcrupt yet. But I am interested in why people become bankrupt. Is it really just due to poor budgeting ?

Regards
MK

NO

90% of our debt is UNEXPECTED medical bills, and YES we did/do have insurance, but when you have multiple surgeries, physical therapy visits, doctors, monthly sky high medications, baby in the ICU, and then to top it off "cut" income....things get thrown out of whack and you find yourself playing 'catch-up' and the fess just keep adding up!


good luck to you

pink-amulet

[JMKC888]

Ok. It's more complicated than I thought. The reason I'm in this forum is because I am currently working on a software program that you might find useful. It's still in development but will be ready soon (rushing it through). I really believe that the root to all this problem you are experiencing now is just very poor budgeting from the very start. We all need to anticipate unexpected expenses, but why do some of us cope well, and some not as well ? I think the answer lies in effective budgeting. Anyway when my program is ready I can show you the link. You can Download and use it for Free for 30 days (or maybe 21 days, still undecided) but only costs $10 USD to purchase. Anyway I'll let you know.

Cheers , help is on the way (I hope)
jmkc888.

[AAAArt]

Ok. It's more complicated than I thought. The reason I'm in this forum is because I am currently working on a software program that you might find useful. It's still in development but will be ready soon (rushing it through). I really believe that the root to all this problem you are experiencing now is just very poor budgeting from the very start. We all need to anticipate unexpected expenses, but why do some of us cope well, and some not as well ? I think the answer lies in effective budgeting. Anyway when my program is ready I can show you the link. You can Download and use it for Free for 30 days (or maybe 21 days, still undecided) but only costs $10 USD to purchase. Anyway I'll let you know.

Cheers , help is on the way (I hope)
jmkc888.

Effective budgeting, IMNSHO, would include budgeting money for paid advertising rather than trolling forums like this. Bring your cash or get your sorry ass off of here. Art

[Genenco]

Ok. It's more complicated than I thought. The reason I'm in this forum is because I am currently working on a software program that you might find useful. It's still in development but will be ready soon (rushing it through). I really believe that the root to all this problem you are experiencing now is just very poor budgeting from the very start. We all need to anticipate unexpected expenses, but why do some of us cope well, and some not as well ? I think the answer lies in effective budgeting.
jmkc888.

Well, I guess my welcome was a bit premature....Guess we'll have another judgemental person here along with one other....

I'm not going to waste anymore time with people like this....

[alice0427]

Here's that whole "wanting to punch someone" thing again.

Very poor budgeting, my ass. Go chew aspirin.

That WAS a bit out of line...sorry about that. Caught me at a really bad moment.

[edwards2]

Okay that response was totally unnecessary. We may not agree with her theory about the whys of filing BK but you can still disagree and be classy about it. Of course the reasons for filing are not totally budget driven and it sounds rather Pollyanna to think all you have to do is budget for emergencies. You have to have something to budget with and the majority of emergencies are many dollars beyond what is needed so that is extremely simplistic at best. To understand what we have gone through you cannot generalize nor judge. This board is an advisory board not a judgemental one and for the record they do not encourage selling products of any kind unless it is approved by the administrators of this board. We can appreciate your apparent willingness to help but you need to choose your words more carefully because you do come across as a financial know it all. You have no clue what any of our financial statuses were then or are now. We are perhaps hypersensitive to such criticism but given what we have all gone through or are going through now we are entitled.

[robivi3]

Uh, I'm kinda like AAAART, no interlopers...

[Genenco]

I think she got off easy

Okay that response was totally unnecessary. We may not agree with her theory about the whys of filing BK but you can still disagree and be classy about it.

Ohhhh..I think they are quite restrained in what they want to say.

Bad enough we're thought of as lazy, spendthrifts who have no thought of our debts, plans to repay or have no intention of repaying....

[alice0427]

I think the whole point of this thread got lost. I was poking fun at our bankrupt mindframe. Did anyone get that? LOL....

[JMKC888]

Sorry I didn't mean to offend anyone. I'm not here to SPAM either. I developed this low-cost budgeting program to help people who cannot budget. I need to charge a little amount ($10-$15 USD) because I need to cover for the tools, artwork, legal costs, equipment that I purchased to make it happen.

Would you know of any forums where I can reach people with budgeting problems ? I understand now that your problems did not result from poor budgeting skills. Maybe I do have a simplistic view on things. Sorry again if I have offended anyone.

Cheers
jmkc888

Software Architect

[alice0427]

I really feel compelled to point out that before you try to sell anything, you should take a class in marketing. Your tone is all wrong. Look how many feathers you rumpled just in this thread!

If you want to get someone to buy something, you can't make your pitch sound accusatory. "Hey guys, you all suck at budgeting, so why don't you let me take you by the hand and show you the RIGHT way to live your life." Your approach would be equivalent to someone trying to market diet pills by telling people they got fat because they have no self control. All it's going to do is make people MAD.

I suggest that you never say "poor budgeting skills" again. From now on promote your product as say, an innovative new budgeting software program that will help consumers plan for even the most unexpected disasters. You will be unsuccessful at marketing your product until you understand the delicate mindframe of your target market. You can't make any judgemental statements about how the problem started. Rather, you should qualify your product by showing consumers the advantages it holds for them in the future.

Like a previous poster said, get a budget for paid advertising. No matter how you wrap it, you're trolling this board. You came here with the specific intent to advertise a product without paying for your advertising. That will get you banned on most boards. You can do a Google search to find other bankruptcy boards. Call local consumer credit counseling agencies, see if you can add your card to new-parent packages at local hospitals, buy newspaper advertising in the money/finance section of your local paper. Make an extended list of all the people your program could help, then think of the most cost-effective ways to reach those people.