Time to bite the bullet and file Chapter 7. Googled for all the necessary "should I? Really" and after a glass of wine and a phone call to mom, I need recommendations
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I picked a random guy out of the phonebook, based on how close to home he was. Really, Bankruptcy Attorneys don't have a tough job. I'd reccommend the guy I used in the tower at 520 Pike, but there's a bunch in that location and I don't remember his name (I'm just about at the 7th year mark). It wasn't hard at all, and the anxiety going into it was way worse than the whole process. I kept my car, my piano, and anything else of value.
Congrats on being close to your 7th year :). I'm just in the process of filing and I couldn't be happier :). I love telling all the creditors that call me to call my lawyer :).
I'm counting down until the new shopping center opens and I can get jamba juice OR coffee. And perhaps go on daily Target runs, thereby limiting my ability to get an iphone, seeing as apple didn't design the original mini to withstand constant usage (really, now!) I'm ARCO's #1 customer, making daily drives to Northgate and back. My little SUVs a great gas guzzler, let me tell you.
Funny story is I never made it to that shopping center. Left the area before it was completed.
But it's true, here I am now. And like I told my mom...I don't have anything to show for it. I may have used a credit card for gas when I was flat out broke (and it's true, the CR-V is a great gas guzzler) but I really wish I had an HDTV or a great pair of boots or an amazing handbag to show for my debts.
Instead, it's a shitload of medical bills and more interest than I can keep up on. And the occasional need for groceries that I can't buy with my daily income because it goes to all my debt.
true, alive, and healthy...after 5k in bills for a suspected ectopic pregnancy (it was just gas, lol really) and what was probably swine flu that created and led to other financial problems.
I'm into 5 digits in consumer debt...well into double digits in the rates. Haven't really touched my cards (I have four) in two years and they(well, 3 of four) maxed themselves out aside from the 5k in ER bills (not on a card, got a loan to cover those bills) and the thousand I just recently billed to them for other various medical problems (the flu, and routine expenses I just couldn't afford because I was out of work.
if you're only in about $10k - filing bankrupcy is like hosing you credit for the rate of only about $1400 / year - seems kind of silly. may also hurt the insurance rates on your SUV (hmm... wonder what that would sell for...)
further - if you already aren't paying on some of these cards - you might be able to pay them off for pennies on the dollar (just get any settlements in writing - and pay them with a cashiers check - don't let them in your bank account)
She hasn't delivered a total, and I wish she would, because like you I'm not that shocked by "five figures of debt" having escaped $45,000 in my own debt.
really sounds like $5-$6k of medical plus another $5k in credit card debt.
from looking at the laws - it seems like they'll just hand out a chapter 7 to anyone making less than median income after they get "credit counseling."
part of the problem is when people don't dig themselves out of their messes when they really can - is that they never learn good financial habits....
I'm having this psychic vision - it's the year 2012 - someone is signing a loan for a used Toyota RAV4 at a car dealership on Aurora... the interest rate is 37%....
my ER visit and necessary monthly prescriptions weren't a fault of bad financial habits.
Like I said, it's not like I went on nordstrom shopping sprees or extravagent vacations. I live a very humble life. Just sucks I need to buy gas sometimes and eat occasionally, too.
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Best of luck.
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I'm counting down until the new shopping center opens and I can get jamba juice OR coffee. And perhaps go on daily Target runs, thereby limiting my ability to get an iphone, seeing as apple didn't design the original mini to withstand constant usage (really, now!) I'm ARCO's #1 customer, making daily drives to Northgate and back. My little SUVs a great gas guzzler, let me tell you.
And here we are.
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But it's true, here I am now. And like I told my mom...I don't have anything to show for it. I may have used a credit card for gas when I was flat out broke (and it's true, the CR-V is a great gas guzzler) but I really wish I had an HDTV or a great pair of boots or an amazing handbag to show for my debts.
Instead, it's a shitload of medical bills and more interest than I can keep up on. And the occasional need for groceries that I can't buy with my daily income because it goes to all my debt.
Chicken or the egg?
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Have you pursued credit counseling?
How much do you owe, and at what rate(s)? It's not my business but I find it interesting.
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I'm into 5 digits in consumer debt...well into double digits in the rates. Haven't really touched my cards (I have four) in two years and they(well, 3 of four) maxed themselves out aside from the 5k in ER bills (not on a card, got a loan to cover those bills) and the thousand I just recently billed to them for other various medical problems (the flu, and routine expenses I just couldn't afford because I was out of work.
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I'd call someone with Clark Howard for some free general advice:
http://clarkhoward.com/ (look for the phone number by "ask team clark")
if you're only in about $10k - filing bankrupcy is like hosing you credit for the rate of only about $1400 / year - seems kind of silly. may also hurt the insurance rates on your SUV (hmm... wonder what that would sell for...)
further - if you already aren't paying on some of these cards - you might be able to pay them off for pennies on the dollar (just get any settlements in writing - and pay them with a cashiers check - don't let them in your bank account)
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from looking at the laws - it seems like they'll just hand out a chapter 7 to anyone making less than median income after they get "credit counseling."
part of the problem is when people don't dig themselves out of their messes when they really can - is that they never learn good financial habits....
I'm having this psychic vision - it's the year 2012 - someone is signing a loan for a used Toyota RAV4 at a car dealership on Aurora... the interest rate is 37%....
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my ER visit and necessary monthly prescriptions weren't a fault of bad financial habits.
Like I said, it's not like I went on nordstrom shopping sprees or extravagent vacations. I live a very humble life. Just sucks I need to buy gas sometimes and eat occasionally, too.
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His office is a block away from the courthouse.
You can check his vitals here: http://www.linkedin.com/pub/shane-anderson/5/a61/713
He handled my bankruptcy with skill. He also uses google calendar for appointment scheduling.
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