I personally own 4 properties. Each of these are in my name. I have a private loan set up from a hard money lender on each of these properties. one of them is my main residence. The others are rented out. I use the money from the renters to pay the lender. He is a nice guy, and will let the loan ride out as long as I need to. I’ve been working with him for years. I’ve borrowed on each of these homes about half of their value. But through the years, the prices/equity has been cut down, so now there is probably only about 10K profit on each house.

On top of these 4 houses, I have 3 homes that are currently in my name as well, but I am working on remodeling/reselling. My dilemma is complex. I have two other business partners. My dad, and my husband. We’ve never had problems working together, its just we’ve run into problems in the finance dept. Currently, we have a business account for the three of us. We only have enough money for our business to run for one more month. Currently, our bills run about 9K a month. We’re waiting for a house to sell, its valued at 80 but we’re trying to take ANYTHING that will keep us going…so maybe around 60/etc….I dont even know exactly what we’ll take for it, or if it’ll even sell b/c of the economy. We’re trying to pull a loan on it instead to keep things going. But the problem with that, is that we have to use the money we’re going to pull on a loan to remodel another property (we’ll call property #2). We already pulled an 80K loan on property #2 for 80K but its coming in two draws. We spent the first draw on business expenses to keep the business running, and as soon as we spend 20K on the house #2 (its a big time fixer in the napa, ca vacation community) we can get the second draw of 40K, of which, we will have to spend maybe 30K on the house.

All and all, this is the worst case scenario we’ve ever been in. We even have a small rinky dink house #3 tied into the loan of house #2 to protect the investors. House #3 is only worth about 20K….thats why we didnt mind backing it against the other one.

On top of worrying if we’re going to have enough money to survive financially, once we get the napa vacation house (#2) on the market, we dont even know if it will sell at a low/fair market price. We just want to get rid of the house and get rid of the loan and hope to keep business going with the bills.

Also where it gets weird, and concerning the bankruptcy talk….there is an attorney who I owe some money to. At first he was kind, we got along great, and he saw a lot of potential in myself, the business that I do. A few years ago I was needing money so he lent me 20K at 80% interest. I knew that where I placed the money would help me to continue working, and would be worth it in the long run. It was….its just, I havent paid him back yet, so he’s already made about 20K off of the loan, and im continuing to pay him 1,200 per month of interest. He tacked on an old attorney bill from his other firm, but at one point he said he discounted it, but now he’s charging me again. All and all, and please, without judgement of me or him, nothing has been written on paper, and I know there is that saying that a verbal contract is as good as the paper its written on. So all an all. He’s screwing me in several ways. He practically ‘but kindly’ demands that I send several leads to him, to where he’ll make 50-100 on residential properties that are sent his way by ME.

The positions for goes as follows:
My dad has been in charge of the finances and working with the attorney.
My husband has been doing the computer work and finding leads
I have the bank account in my name, go to court, and use MY name on EVERYTHING. Everything that we do between the three of us is open for all 3 of us to see on paper. There is no money laundering or anything strange between us. We are all best friends.

I am just REALLY REALLY freaking stressed. Mainly because I am so young, and worry about my future. If I were to file bankruptcy couldnt I put the houses in a trust or my sisters name and bankrupty off the attorney? I know its ridiculous but we dont even know how much we owe him. It could be 50K or it could be 100K.

If the business fails, what precautions can I take before hand??? I may only have a month or two before it hits the fan….I was thinking of opening a second bank account at another bank, it case we go broke with the one, and get into check systems, at least i’d have another account, b/c once you go into it you cant open another account. Im so scared. And not that I want to make this a focal point of my storyline, but my dad has a 400K life insurance policy. He said that if something ‘happened to him’ and he died, we would get it. Im worried about our business, my ‘name’ in general, losing my family, my future….im stressed and need advice. On ANYTHING. Im young and fragile righ

Technorati Tags: big time, business account, business expenses, business partners, dad, dilemma, draws, economy, enough money, finance dept, hard money lender, investors, napa ca, nice guy, private loan, remodeling, rinky dink, vacation community, worst case scenario

I personally own 4 properties. Each of these are in my name. I have a private loan set up from a hard money lender on each of these properties. one of them is my main residence. The others are rented out. I use the money from the renters to pay the lender. He is a nice guy, and will let the loan ride out as long as I need to. I’ve been working with him for years. I’ve borrowed on each of these homes about half of their value. But through the years, the prices/equity has been cut down, so now there is probably only about 10K profit on each house.

On top of these 4 houses, I have 3 homes that are currently in my name as well, but I am working on remodeling/reselling. My dilemma is complex. I have two other business partners. My dad, and my husband. We’ve never had problems working together, its just we’ve run into problems in the finance dept. Currently, we have a business account for the three of us. We only have enough money for our business to run for one more month. Currently, our bills run about 9K a month. We’re waiting for a house to sell, its valued at 80 but we’re trying to take ANYTHING that will keep us going…so maybe around 60/etc….I dont even know exactly what we’ll take for it, or if it’ll even sell b/c of the economy. We’re trying to pull a loan on it instead to keep things going. But the problem with that, is that we have to use the money we’re going to pull on a loan to remodel another property (we’ll call property #2). We already pulled an 80K loan on property #2 for 80K but its coming in two draws. We spent the first draw on business expenses to keep the business running, and as soon as we spend 20K on the house #2 (its a big time fixer in the napa, ca vacation community) we can get the second draw of 40K, of which, we will have to spend maybe 30K on the house.

All and all, this is the worst case scenario we’ve ever been in. We even have a small rinky dink house #3 tied into the loan of house #2 to protect the investors. House #3 is only worth about 20K….thats why we didnt mind backing it against the other one.

On top of worrying if we’re going to have enough money to survive financially, once we get the napa vacation house (#2) on the market, we dont even know if it will sell at a low/fair market price. We just want to get rid of the house and get rid of the loan and hope to keep business going with the bills.

Also where it gets weird, and concerning the bankruptcy talk….there is an attorney who I owe some money to. At first he was kind, we got along great, and he saw a lot of potential in myself, the business that I do. A few years ago I was needing money so he lent me 20K at 80% interest. I knew that where I placed the money would help me to continue working, and would be worth it in the long run. It was….its just, I havent paid him back yet, so he’s already made about 20K off of the loan, and im continuing to pay him 1,200 per month of interest. He tacked on an old attorney bill from his other firm, but at one point he said he discounted it, but now he’s charging me again. All and all, and please, without judgement of me or him, nothing has been written on paper, and I know there is that saying that a verbal contract is as good as the paper its written on. So all an all. He’s screwing me in several ways. He practically ‘but kindly’ demands that I send several leads to him, to where he’ll make 50-100 on residential properties that are sent his way by ME.

The positions for goes as follows:
My dad has been in charge of the finances and working with the attorney.
My husband has been doing the computer work and finding leads
I have the bank account in my name, go to court, and use MY name on EVERYTHING. Everything that we do between the three of us is open for all 3 of us to see on paper. There is no money laundering or anything strange between us. We are all best friends.

I am just REALLY REALLY freaking stressed. Mainly because I am so young, and worry about my future. If I were to file bankruptcy couldnt I put the houses in a trust or my sisters name and bankrupty off the attorney? I know its ridiculous but we dont even know how much we owe him. It could be 50K or it could be 100K.

If the business fails, what precautions can I take before hand??? I may only have a month or two before it hits the fan….I was thinking of opening a second bank account at another bank, it case we go broke with the one, and get into check systems, at least i’d have another account, b/c once you go into it you cant open another account. Im so scared. And not that I want to make this a focal point of my storyline, but my dad has a 400K life insurance policy. He said that if something ‘happened to him’ and he died, we would get it. Im worried about our business, my ‘name’ in general, losing my family, my future….im stressed and need advice. On ANYTHING. Im young and fragile righ

Technorati Tags: big time, business account, business expenses, business partners, dad, dilemma, draws, economy, enough money, finance dept, hard money lender, investors, napa ca, nice guy, private loan, remodeling, rinky dink, vacation community, worst case scenario

I personally own 4 properties. Each of these are in my name. I have a private loan set up from a hard money lender on each of these properties. one of them is my main residence. The others are rented out. I use the money from the renters to pay the lender. He is a nice guy, and will let the loan ride out as long as I need to. I’ve been working with him for years. I’ve borrowed on each of these homes about half of their value. But through the years, the prices/equity has been cut down, so now there is probably only about 10K profit on each house.

On top of these 4 houses, I have 3 homes that are currently in my name as well, but I am working on remodeling/reselling. My dilemma is complex. I have two other business partners. My dad, and my husband. We’ve never had problems working together, its just we’ve run into problems in the finance dept. Currently, we have a business account for the three of us. We only have enough money for our business to run for one more month. Currently, our bills run about 9K a month. We’re waiting for a house to sell, its valued at 80 but we’re trying to take ANYTHING that will keep us going…so maybe around 60/etc….I dont even know exactly what we’ll take for it, or if it’ll even sell b/c of the economy. We’re trying to pull a loan on it instead to keep things going. But the problem with that, is that we have to use the money we’re going to pull on a loan to remodel another property (we’ll call property #2). We already pulled an 80K loan on property #2 for 80K but its coming in two draws. We spent the first draw on business expenses to keep the business running, and as soon as we spend 20K on the house #2 (its a big time fixer in the napa, ca vacation community) we can get the second draw of 40K, of which, we will have to spend maybe 30K on the house.

All and all, this is the worst case scenario we’ve ever been in. We even have a small rinky dink house #3 tied into the loan of house #2 to protect the investors. House #3 is only worth about 20K….thats why we didnt mind backing it against the other one.

On top of worrying if we’re going to have enough money to survive financially, once we get the napa vacation house (#2) on the market, we dont even know if it will sell at a low/fair market price. We just want to get rid of the house and get rid of the loan and hope to keep business going with the bills.

Also where it gets weird, and concerning the bankruptcy talk….there is an attorney who I owe some money to. At first he was kind, we got along great, and he saw a lot of potential in myself, the business that I do. A few years ago I was needing money so he lent me 20K at 80% interest. I knew that where I placed the money would help me to continue working, and would be worth it in the long run. It was….its just, I havent paid him back yet, so he’s already made about 20K off of the loan, and im continuing to pay him 1,200 per month of interest. He tacked on an old attorney bill from his other firm, but at one point he said he discounted it, but now he’s charging me again. All and all, and please, without judgement of me or him, nothing has been written on paper, and I know there is that saying that a verbal contract is as good as the paper its written on. So all an all. He’s screwing me in several ways. He practically ‘but kindly’ demands that I send several leads to him, to where he’ll make 50-100 on residential properties that are sent his way by ME.

The positions for goes as follows:
My dad has been in charge of the finances and working with the attorney.
My husband has been doing the computer work and finding leads
I have the bank account in my name, go to court, and use MY name on EVERYTHING. Everything that we do between the three of us is open for all 3 of us to see on paper. There is no money laundering or anything strange between us. We are all best friends.

I am just REALLY REALLY freaking stressed. Mainly because I am so young, and worry about my future. If I were to file bankruptcy couldnt I put the houses in a trust or my sisters name and bankrupty off the attorney? I know its ridiculous but we dont even know how much we owe him. It could be 50K or it could be 100K.

If the business fails, what precautions can I take before hand??? I may only have a month or two before it hits the fan….I was thinking of opening a second bank account at another bank, it case we go broke with the one, and get into check systems, at least i’d have another account, b/c once you go into it you cant open another account. Im so scared. And not that I want to make this a focal point of my storyline, but my dad has a 400K life insurance policy. He said that if something ‘happened to him’ and he died, we would get it. Im worried about our business, my ‘name’ in general, losing my family, my future….im stressed and need advice. On ANYTHING. Im young and fragile righ

Technorati Tags: big time, business account, business expenses, business partners, dad, dilemma, draws, economy, enough money, finance dept, hard money lender, investors, napa ca, nice guy, private loan, remodeling, rinky dink, vacation community, worst case scenario

I personally own 4 properties. Each of these are in my name. I have a private loan set up from a hard money lender on each of these properties. one of them is my main residence. The others are rented out. I use the money from the renters to pay the lender. He is a nice guy, and will let the loan ride out as long as I need to. I’ve been working with him for years. I’ve borrowed on each of these homes about half of their value. But through the years, the prices/equity has been cut down, so now there is probably only about 10K profit on each house.

On top of these 4 houses, I have 3 homes that are currently in my name as well, but I am working on remodeling/reselling. My dilemma is complex. I have two other business partners. My dad, and my husband. We’ve never had problems working together, its just we’ve run into problems in the finance dept. Currently, we have a business account for the three of us. We only have enough money for our business to run for one more month. Currently, our bills run about 9K a month. We’re waiting for a house to sell, its valued at 80 but we’re trying to take ANYTHING that will keep us going…so maybe around 60/etc….I dont even know exactly what we’ll take for it, or if it’ll even sell b/c of the economy. We’re trying to pull a loan on it instead to keep things going. But the problem with that, is that we have to use the money we’re going to pull on a loan to remodel another property (we’ll call property #2). We already pulled an 80K loan on property #2 for 80K but its coming in two draws. We spent the first draw on business expenses to keep the business running, and as soon as we spend 20K on the house #2 (its a big time fixer in the napa, ca vacation community) we can get the second draw of 40K, of which, we will have to spend maybe 30K on the house.

All and all, this is the worst case scenario we’ve ever been in. We even have a small rinky dink house #3 tied into the loan of house #2 to protect the investors. House #3 is only worth about 20K….thats why we didnt mind backing it against the other one.

On top of worrying if we’re going to have enough money to survive financially, once we get the napa vacation house (#2) on the market, we dont even know if it will sell at a low/fair market price. We just want to get rid of the house and get rid of the loan and hope to keep business going with the bills.

Also where it gets weird, and concerning the bankruptcy talk….there is an attorney who I owe some money to. At first he was kind, we got along great, and he saw a lot of potential in myself, the business that I do. A few years ago I was needing money so he lent me 20K at 80% interest. I knew that where I placed the money would help me to continue working, and would be worth it in the long run. It was….its just, I havent paid him back yet, so he’s already made about 20K off of the loan, and im continuing to pay him 1,200 per month of interest. He tacked on an old attorney bill from his other firm, but at one point he said he discounted it, but now he’s charging me again. All and all, and please, without judgement of me or him, nothing has been written on paper, and I know there is that saying that a verbal contract is as good as the paper its written on. So all an all. He’s screwing me in several ways. He practically ‘but kindly’ demands that I send several leads to him, to where he’ll make 50-100 on residential properties that are sent his way by ME.

The positions for goes as follows:
My dad has been in charge of the finances and working with the attorney.
My husband has been doing the computer work and finding leads
I have the bank account in my name, go to court, and use MY name on EVERYTHING. Everything that we do between the three of us is open for all 3 of us to see on paper. There is no money laundering or anything strange between us. We are all best friends.

I am just REALLY REALLY freaking stressed. Mainly because I am so young, and worry about my future. If I were to file bankruptcy couldnt I put the houses in a trust or my sisters name and bankrupty off the attorney? I know its ridiculous but we dont even know how much we owe him. It could be 50K or it could be 100K.

If the business fails, what precautions can I take before hand??? I may only have a month or two before it hits the fan….I was thinking of opening a second bank account at another bank, it case we go broke with the one, and get into check systems, at least i’d have another account, b/c once you go into it you cant open another account. Im so scared. And not that I want to make this a focal point of my storyline, but my dad has a 400K life insurance policy. He said that if something ‘happened to him’ and he died, we would get it. Im worried about our business, my ‘name’ in general, losing my family, my future….im stressed and need advice. On ANYTHING. Im young and fragile righ

Technorati Tags: big time, business account, business expenses, business partners, dad, dilemma, draws, economy, enough money, finance dept, hard money lender, investors, napa ca, nice guy, private loan, remodeling, rinky dink, vacation community, worst case scenario

a few months ago i was jobless and homeless and ended up in the hospital in a state that i was not a resident of and the hospital sent me to like a psych ward/rehab place and that place wouldnt release me because they had nowhere to release me to until they got a hold of my parents and my parents came and got me and i got two bills from the hospital and one bill from the other place and i have a job but i dont get many hours and there really arent many options for jobs where i live i made payment arrangements with the hospital for two bills and i can just barely make the payments each month and the other place didnt send a bill until just recently and its over ,000 and they wont give me a payment arrangement that works for me they want almost ,300 a month for 4 months which i cant do i make less then 0 a month right now since that payment arrangement doesnt work they want me to get a loan from a bank but i dont have a credit history and no one would cosign and i dont make enough money to afford another bill each month my mom says that i should just file for bankruptcy my parents dont have the money to loan me and refuse to cosign anything for me or really help me in any way i dont want to have to file for bankruptcy because i dont want bad credit to start my credit history and i was hoping to go to college in the next few years (which would require loans) im only 19 and i have a daughter whos 10 months (she lives with her dad – she was not with me when i was homeless and all of that) and i want to be able to set the best example for her as i can and ive already messed up so is bankruptcy the best option or does any one have any ideas on what i should do?

Technorati Tags: 10 months, 4 months, bad credit, bankruptcy, credit history, dad, enough money, job, jobs, loans, mom, parents, payment arrangement, payment arrangements, psych ward

I just lost both of my cars that I was paying a total of 1/mo. on. My wife is going to be quitting her job because of childcare issues, tension levels in the family, and all the stress that’s been building up from playing "tagteam" with watching the kids over the past 2 months. I get at least 15 calls a day from credit card companies asking where their money is. I incorrectly filed my taxes in 2005 (filed a Schedule K-1 online with Liberty Tax, and apparently I was missing a Schedule E form), so now I have a tax debt of almost ,000. I will be making just enough money to pay my mortgage, utilities, food, and gas for commuting to and from work (70 miles a day). I am behind on every credit card I have, a Home Depot Consumer Loan, student loans, medical bills, everything. I also live in a suburb of Austin, TX in case anyone was wondering. I don’t know the bankruptcy laws well enough in Texas, and I need major help. Should we file for bakruptcy, and if should which kind of bankruptcy?
I believe most people are thinking that I’m a big spender, but I’m actually more of a tightwad. I don’t buy latte’s at all or have any weekly or daily habits with spending money on food, my wife cannot work due to the fact that everything she makes goes towards paying for childcare, and even still we’re short. I am a general manager of a restaurant, on salary, and I cannot get another job because I have to have open availability. I lived on credit cards and did things like paying my water and electric bills with them, not going out and buying a big screen tv or anything of that sort. Like I said,I am relatively frugal, it’s just childcare mostly that screwed me and now I’m up to my ears in debt because of the decision for my wife to stay at work.

Technorati Tags: austin tx, bakruptcy, bankruptcy laws, big spender, childcare issues, consumer loan, credit cards, electric bills, enough money, home depot, latte, liberty tax, medical bills, screen tv, spending money, student loans, suburb, tax debt, tension levels, tightwad

I had filed bankruptcy 4 1/2 yrs ago and was approved. The I got back into debt because of unforseen occurance befell me. I have medical bills that need to be paid, I have students loans I need to pay off, but are on deferment or forberance, and interested has accumlated, I got laid off my day job, working part-time evenings (14 to 15 hrs a wk, 7.50hrly) been looking for fulltime work for 2 mths, tried filing unemployment, owe the bank 0.00 because my accnt is a negative, I am behind on my gas utility bill, my car is in the shop for the 3rd time in 4 mths. Spent already 790.00 total in last month on car. Yes, I live by myself and have been looking for a roomate, because I can’t afford to renew my apartment lease when I’m not making enough money to pay all my expenses. Would I still be able to file bankruptcy with out any hassles? I want to file Chapter 7, I just don’t see any other way out right now. Please give me your answer…….

Technorati Tags: apartment lease, bankruptcy, chapter 7, day job, enough money, evenings, hassles, loans, looking for a roomate, medical bills, mths, occurance, part time, unemployment

I am married and have accumulated credit card debt from when I was not working in order to stay home with my young children. Now that I want to pay off debts, the rates are so high, I am afraid it will never happen. I would like to file bankruptcy but am afraid. I am making all payments but have just barely enough money for gas and food. Anybody experience filing bankruptcy?

Technorati Tags: credit card debt, debts, enough money, filing bankruptcy, gas and food

I received a notification in the mail that my wages are being garnished by a credit card company, for an outstanding debt. I cannot afford for this to happen because I am a single mother of my daughter. How much or what percentage can be garnished? I live in Maryland. I read on a website that they can take all but 0 of my check a month. Is this true? I am currently unemployed but I have had numerous job interviews. I assume that once I become employed my wages would be garnished immediately. I am thinking of filing bankruptcy because I have other credit card companies that will be coming after me for money that I do not have. I heard bankruptcy can be filed online to save money for a lawyer. I do not have money to pay a lawyer. PLEASE HELP!
Yes, I did have a court date but I did not go because I knew I owed the money and I did not have the money for a lawyer.
I’m afraid if I don’t file bankruptcy I will have no money left to raise my daughter. I owe about 00 to different credit card companies. Can they all garnish me at one time? If so, I may not have enough money to get my daughter what she needs.
thank you so much for your responses. It is a huge weight lifted off of my shoulder. So you think I should not file for bankruptcy? How long do you believe it would take me to pay off the 00 debt? Once it is paid off, will my credit go back up, with time? I have a car loan but it is on time.

Technorati Tags: car loan, credit card companies, credit card company, enough money, filing bankruptcy, job interviews, lawyer, mail, single mother, wages

I’m 20 years old, 21 in July.
I currently have about 10k in debt—I know it’s not a lot, but I also know I’ll never be able to pay it back.

I had–NO CHOICE–but to move out on my own at 18. I survived off of 4 credit cards for a while and was paying them when I had a "normal" job.

In the past year I have been laid off, I now work for tips at a hair salon which gives me enough money to live but not pay my debt.

I also have about 2.5k that is due to a college I was going to…and 1.75k to Washing Mutual because I fell for one of those money order scams a few months back–whats even worse is that the person that scammed me was using a stolen idenity so I can’t even go to small claims court. I have reported the scam to the government but they can’t help me.

So my question is…Should I file Bankrupcy? I already can’t use my bank account so not being able to do so won’t be a major shock.
In addition, my bank account which is now closed due to the scam, was joint with my boyfriend..My account, I added him later…if I file, will it clear the bad account from his name?
Thanks to those who answered, but it seems you are not getting the point.

Everyone keeps telling me to pay it off slowly, NOT POSSIBLE. AS I SAID:

I make enough money to pay my rent and my ulilities, nothing more.

I can’t file a FASFA because my father chose to claim me on taxes although he doesn’t support me, I’m not about to sue him though or report it.

Secondly, telling me to sell my 6 year old computer isn’t going to get me jack.
Third, ITS NOT A STUDENT LOAN. I would have said it was a loan.
AND…..

AS for the scam, I was between jobs and was told I was working for a charity, being that it was around the holidays I was caught up in the whole holiday spirit and thought I was helping children. I am not one to sit on the internet all day and had no idea that this was such a common thing, I thought I was working.

Technorati Tags: charity, credit cards, enough money, fasfa, hair salon, helping children, holiday spirit, holidays, job, jobs, money order, old computer, scams, shock, small claims court, student loan

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

Technorati Tags: 5 months, apartment, bf, boss, brain, brand new car, car life, car payments, collection agencies, credit cards, creditors, enough money, extra cash, family and friends, full time, misery, roommate, sleep, tubes, whole time

i have several rental property, i am renting them and i am bearely getting enough money to pay the mortgage., this year i gota pay taxes insurance close to 36k in taxes, and i dont have that money., should i file for bankruptcy? should i let the houses just go foreclosure? what is worst? pls help

Technorati Tags: enough money, foreclosure, insurance, mortgage, rental property, should i file for bankruptcy

My fiance recently got his credit report and has about ,000 in debt that he was unaware of. He’s been drawing disability for several years and has medicaid and medicare. The majority of his debt is medical bills that he thought the insurance paid for, but obviously it didn’t. About ,000 of it is basically identity theft. His former roommate opened up two accounts in his name and ran the bills up. We know he did it, but we have no way to contact that person. Well, my fiance decided his only way out of this is to file bankruptcy. However, he doesn’t have enough money to get a lawyer. Would he just totally be screwed if he filed himself? He doesn’t have any assets. No car. He rents his house. So, I’m assuming it wouldn’t be as complicated as it would be for someone with assets. However, I’m sure it’s no easy task either. Yes, I’ve heard the saying that if you represent yourself, you have a fool for a lawyer or whatever.. but we just don’t know what else to do. We have to get this taken care of before they start getting his pay check. He just started working again and isn’t drawing disability anymore so we’re really tight on money. Is there any way a lawyer could help him file bankruptcy and then we just pay the lawyer payments? I’m sure that seems pretty contradicting, but we could afford payments for the lawyer if we didn’t have all this other crap that we’re paying on.

Technorati Tags: assets, bankruptcy, credit report, disability, enough money, fiance, fool, identity theft, insurance, lawyer, medicaid, medical bills, medicare, other crap, roommate

I filed a Chapter 13 bankruptcy, then dismissed it when I was not able to get a helpful deal from the creditors. I was able to get enough money together to settle with them after the case was dismissed. I have received the tax forms from them claiming that the debt might be considered income. Since this was debt settled after the case was dismissed, is it consider taxable income?

Technorati Tags: chapter 13 bankruptcy, creditors, enough money, tax forms, taxable income