My boss went bankrupt 6 months ago. She tried to reopen her book store and start over now she is back in debt what can she do? Can she go bankrupt again so soon. Business has been so slow and she can’t make a loan. She has been discharged from her first bankrupt.
I am 27 and am a little over 83000 dollars in debt. I have 3 unsecured loans and 2 credit cards.
All of the loans are within the last 6 months.
My concerns are that I lied on all of my loan applications. I inflated my income to help me get the loan. Not just for the intent of getting the loan, but because my company I was working for kept promising that I would get these huge raises. My boss kept saying "you will get 50% more within the next couple weeks" so I assumed I was going to get the income increases so when I applied for the loans, I put down what I was supposed to be getting.
Now I left this company 4 months ago because of this crap. Also because I was uncomfortable in the environment. My boss was coming in drunk, (I hate alcohol), my coworkers were dealing drugs within range from me. I did not want to be a a part of that.
I started looking for a job right after I left. I was making 42000/year and I needed to make at least 90000/year to cover my bills. It all started with 2 personal loans I took out last November to pay off my credit cards. Then it turned into the "robbing peter to pay paul" and I had to take out another loan to help cover the differential from what I was making to what I needed to cover my bills.
The thing is, I want to be honest. If they ask, I will be fully open and explain why I lied on my applications. I was promised I would be getting those raises and I was depending on them. Now my boss has been recently let go as far as I heard last because of I am sure of things he has continued to do after I left. Even when I was there, I told HR about what he was doing, and they did not do anything.
How much trouble can I get into?
I am 27 and am a little over 83000 dollars in debt. I have 3 unsecured loans and 2 credit cards.
All of the loans are within the last 6 months.
My concerns are that I lied on all of my loan applications. I inflated my income to help me get the loan. Not just for the intent of getting the loan, but because my company I was working for kept promising that I would get these huge raises. My boss kept saying "you will get 50% more within the next couple weeks" so I assumed I was going to get the income increases so when I applied for the loans, I put down what I was supposed to be getting.
Now I left this company 4 months ago because of this crap. Also because I was uncomfortable in the environment. My boss was coming in drunk, (I hate alcohol), my coworkers were dealing drugs within range from me. I did not want to be a a part of that.
I started looking for a job right after I left. I was making 42000/year and I needed to make at least 90000/year to cover my bills. It all started with 2 personal loans I took out last November to pay off my credit cards. Then it turned into the "robbing peter to pay paul" and I had to take out another loan to help cover the differential from what I was making to what I needed to cover my bills.
The thing is, I want to be honest. If they ask, I will be fully open and explain why I lied on my applications. I was promised I would be getting those raises and I was depending on them. Now my boss has been recently let go as far as I heard last because of I am sure of things he has continued to do after I left. Even when I was there, I told HR about what he was doing, and they did not do anything.
How much trouble can I get into?
I am 27 and am a little over 83000 dollars in debt. I have 3 unsecured loans and 2 credit cards.
All of the loans are within the last 6 months.
My concerns are that I lied on all of my loan applications. I inflated my income to help me get the loan. Not just for the intent of getting the loan, but because my company I was working for kept promising that I would get these huge raises. My boss kept saying "you will get 50% more within the next couple weeks" so I assumed I was going to get the income increases so when I applied for the loans, I put down what I was supposed to be getting.
Now I left this company 4 months ago because of this crap. Also because I was uncomfortable in the environment. My boss was coming in drunk, (I hate alcohol), my coworkers were dealing drugs within range from me. I did not want to be a a part of that.
I started looking for a job right after I left. I was making 42000/year and I needed to make at least 90000/year to cover my bills. It all started with 2 personal loans I took out last November to pay off my credit cards. Then it turned into the "robbing peter to pay paul" and I had to take out another loan to help cover the differential from what I was making to what I needed to cover my bills.
The thing is, I want to be honest. If they ask, I will be fully open and explain why I lied on my applications. I was promised I would be getting those raises and I was depending on them. Now my boss has been recently let go as far as I heard last because of I am sure of things he has continued to do after I left. Even when I was there, I told HR about what he was doing, and they did not do anything.
How much trouble can I get into?
Recently my job has required me to travel much more than ever before. I am overseas about 50% of the time in stretches of four weeks or so. My wife has a full time job in sales and works from home. She works very hard and not just during normal business hours. Sometimes she’s up late at night doing quotes and stuff.
My job is much more stable than hers. I’ve never had to change jobs or been laid off. She’s had quite a bit of change. Three companies in the last two years, once laid off and one went bankrupt. So, what this means is my job provides a lot of stability for us.
We have two daughters in middle school, 7th and 8th grade. They are a lot easier to care for now being older. But, they still have to get help in homework and be driven to music lessons and such.
My boss can’t or won’t tell me how much longer this is going to go on. I think for a year or so. I miss them a lot when I’m gone and I think it can be hard on them having to do without me. Helping with driving the kids around, fixing things, etc.
So, my question is this. How much is this hurting us? Should I try to find another job, put my foot down with the boss and demand an answer? She says that she supports whatever I need to do for my job. She doesn’t say so, but, I know she doesn’t like it. And the girls hate it. I’m not that fond of it either, but, it’s not that bad for me other than missing their company, which I alleviate by calling them a lot.
Thanks Seth. I find that I don’t have as much time as I used to.
i work in montana and my boss paid me for part of april but missed two weeks in march and now owes me almost 800 dollars. i cant just walk out cause i have a newborn to take care of but how can i get my money!? they say they cant get it because of a bankruptcy they are filing but isnt it still illegal to not pay me and my employees??
If so would this protect you from being held in contempt? I filed bankruptcy because I lost my job when my ex wife cheated with my boss. She keeps saying she is going to hold me in contempt for not paying our mortgage that I could not afford since I lost my job.
I would like to know if my husband should file a complaint to the Labor Department, because of his boss… abusive behaviour; until a year ago… his boss was paying him a salary that was of $ 800.00 at the beguining to $ 1,000 dollars weekly, actually, this fixed salary was on for ten years, and now the boss…simply decided to stop paying this ‘fixed’ salary (currently 1,000 per week) blaming the national financial crisis, and put my husban on ‘commision’ for the cars he is able to fix…. in a week, the problem is some times he gives a car only 100 dollars of labor.. or only 20 hours of labor, and do not show the insurance company stimates on the cars, … and my husband ends up working the whole week (more than 40 hours) plus the saturdays too!.. just to earn 350.00 dollars!!! we are getting in bankruptcy soon because of this, this is a loss of more than 600.00 dollars… per week, and we can’t go on like this; the truth is he is working the same an even more hours… but he earns only 350.00 or 400.00 every week! this is after the change in the payment method from a fixed salary to ‘comission’, and I think it was a way of stealing his money!!. My husband is getting old and the boss is trying to abuse him by stealing him the money of salary. Besides the boss (mananger of car repai shop) blames the financial crisis for this change.. but he employed more people! and work production seems the same.. no less. My husband have been working in there for almost 14 years. My question is: Could he ’sue’ his boss… for discrimination, I think this discrimination is because of course my husband is not as young as he was when he started in this job of car repair technnician. He is certified technician… has to paid to his certification classes every year, and pays by himself a lot for tools.. and earning 350.00 per week is absurd!~… he hasen’t leave because first we want to know his rights.. but don’t know where to go. Also the boss cancelled his vacation week and said to him won’t paid the one vacation week.. my husband for many many years …usually had. No medical insurance. Nothing. WHere can he complaint??? can he sue his boss for abusively….. changing the conditions of payment and vacations?.
Thank Judith, yes I know he should start looking for a new job, the point is does he still have any rights to claim something legally.. despite there is not contract at all… I mean because we have civil rights I guess.. he has been discriminated because his age, he is not as young as 14 years ago when he started in that job… so of course he is not as productive as when younger. He never agree to the change of method of payment, he is pist off they cancelled his salary…. how can a company do this?.. there are not civil rights for employees?
I’ve made a big mess out of my life by making mistakes I could actually afford at the time. I had a great job making enough money that I could afford my own apartment and a brand new car. Life was great for about 2 years, all my payments were on time, and I had a little extra cash so I could go out with friends on the weekends. I met a guy and he moved in, and everything went straight down the tubes. My boss fired me and didn’t give me an explanation ("something needs to change and we think it’s you" whatever that means), and I found another job immediately but only making about half of what I was making when I got fired. This whole time, I was still paying all the bills for the apartment and car, even when I had a full time roommate because he didn’t contribute a dime for the first 5 months he lived with me. I used up all savings and started to borrow money from family and friends until they all cut me off ( reasonably stating that because I had someone else living there, they shouldn’t have to rescue me and I’m inclined to agree ). so at this point, I’m about 2 months behind on my credit cards and car payments, and my brain snapped and I told my bf that he had to start helping with the bills. at which point, he started "helping" with about 1/4 of the bills for the apartment ( i never expected him to help with the car or credit cards, but I do feel he should have had to help with 1/2 the bills for the apartment, especially since his kids were there on the weekends as well ). I quite stupidly started just flat out ignoring the harassing calls from creditors and collection agencies (hey, I couldn’t pay my bills just to live, sleep and eat much less give anything to the creditors, and they refused to work with me the first couple of times they called). I surrended my 2 year old car that I adored because the creditors told me they had reported it stolen (i don’t even know if they can do that, I was 2 months behind on payments). also adding to the misery, I had co-signed a loan for my brother to get a truck, which he also defaulted on and surrended. So to date, I have ,000 in debt and have no way of paying it back (at least not for the foreseeable future). I do have a job, making less than 0 a week with no possibilty of any overtime and / or supplemental income. last october, I was severely depressed and got behind the wheel of a car drunk, got arrested and charged with a dwi. so now, I have to pay rent, fines and surcharges, my car insurance went through the roof, and my phone bill. at the end of the month, I’m left with about , 0 if I’m really lucky. I talked to a credit counselor to try to get the debts under control, and she informed me that my ONLY option is bankruptcy. I’ve come to terms with the whole bankruptcy thing ( and believe me, I’m not thrilled about it ) but the biggest problem I’m facing now is trying to come up with the money to file for bankruptcy. The creditors are getting more aggressive, I’ve been sued at least twice, and they are threatening bench warrants and garnishing my wages. I can’t afford what I’m living on now! If they garnish my wages, I will not be able to pay for something (most likely fines and/or surcharges) and all of this is going to turn into an even bigger mess.
I’m at the point now where I understand all of my mistakes, realize that I have to pay for them. But I’m also at the point where I am extremely close to suicidal. I can’t eat, I can’t sleep and I can’t concentrate on anything. I’m ill at the situation I’ve created for myself, but I don’t know how to fix it. I don’t even know where to start. I quit drinking nearly 6 months ago after realizing what it had cost me. Is it too late? Am I doomed to be a mess my whole life? It seems like this situation never gets any better, it’s gradually just getting worse, to the point of just giving up completely.
This situation feels completely hopeless. No one has any advice for me. every one just says "that sucks". well, no kidding! I hate to sound so shallow, like money is the only thing that matters to me. I don’t just care about money ( in fact, I HATE IT ). The fact of the matter is that my whole life feels wasted, like I’ll never recover from any of this. I hate no longer being self sufficient, and feel like I will never be able to take care of myself again.
Is there anyone out there that has any advice for me at all? Steps I can take to improve the situation? Or possible jobs I could take on to try to make some extra cash so I can take care of all this with a less than stellar record? I just need some help and this is my last resort. I really don’t know what else to do.
And for anyone who has snarky remarks, IE: you’re on the internet ( so I must have $ right? no, I use my computer at WORK), you made your bed blah blah blah, please keep the comments to yourself. the purpose of my post is a last ditch attempt at trying to get some help, not lose any more of my self esteem, if there is any left.
Thanks