Details – Got misguided by a con-artist mortgage broker. I was paying my mortgage on time and then refinanced because he told me I’d get a lower interest rate. The bank "forgot" to put an escrow account in my loan, unbenownst to me until nearly a year later. It jacked my payment up by 0/mo.

Anyway, tried restructuring with the bank and put my house on the market. I found two buyers but the bank has been unwilling to come down on their price, even though the house’s value has depreciated significantly.

I had a 722 score but now my credit is completely shot all because I made a dumb choice by refinancing and got taken. So… I really didn’t want to go through bankruptcy but only as a last resort. However, the house is still in limbo with the potential buyer (short sale) #2 if the bank agrees to an offer. Should I file bankruptcy now or when it gets closer to a court date? I get about 50 calls a day from bill collectors. I just leave my phone on silent and keep on working.

I know there’s never a BEST time, so when is the RIGHT time if someone is contemplating bankruptcy? And what will happen to me?

Technorati Tags: best time, bill collectors, con artist, escrow account, interest rate, last resort, limbo, mortgage broker, quot, refinancing, restructuring, right time, score, should I file bankruptcy

I am married to a man 14 years older than me and we have been married almost ten years & I married him at age 20. Through the ten years he was very mean, cold, and aloof but I had my reasons for staying mainly because I had a sick child with him and no help or place to go. I never stopped trying to work on my marriage & I never cheated. As our ten year anniversary approaches I am seriously considering leaving now. Although, he isn’t as monstrous as he was, he is still not loving or affectionate but more so nicer than what he used to be.

I thought things had gotten so much better between us & that there was hope. I stuck with this man through everything from him just filing bankruptcy to him being diagnosed with high blood pressure. I have catered to him and fought off bill collectors & so much more! However tonight I discovered something very hurtful.
He began attacking me earlier in the day by saying I don’t clean the house and this and that. To make a long story short I figured out how to open his work phone that he locks and I checked his text messages just to find a woman saying good morning sunshine last night was great and this morning was OMG with a smiley icon next to it. He was home all night and this morning but he knew the person because the number was programmed into his phone under a business name WALMART. Then another woman wrote and said that she can’t let 2009 go by without telling him she luvs him and how much he means to her life. He did not even delete it so it must have meant something to him. After giving my all I think its time to say screw him and his finance’s, his blood pressure and his whorish ways. I want to finally live for my child and myself. I have never lived before and now I know how much I don’t mean to him: )

Technorati Tags: amp, anniversary approaches, bill collectors, business name, filing bankruptcy, finance, good morning sunshine, high blood pressure, marriage, screw, sick child, smiley icon, text messages, walmart, year anniversary

I’m in a substantial amount of debt… Hospital and doctor bill mostly. No credit card debt. Plus, daily living expenses with an infant!!! Problem is — I am being hounded by bill collectors and one debt is about to be turned over to an attorney for collection. I feel certain that this could end in wage garnishment. We don’t have the money to make ends meet — let alone have any part of my wages garnished. I’ve tried making arrangements but we just can’t make the payments no matter how minimal. Should I file for bankruptcy? How can I avoid getting my wages garnished? I have no problem with paying the bills if I just had the money.

Technorati Tags: bill collectors, credit card debt, doctor bill, living expenses, money, should i file for bankruptcy, wage garnishment, wages