SavingsTalk.com

briansol · 09-04-2009, 09:56 PM

Filing Bankruptcy is the START of true financial problems. You're pretty much screwed with whatever you own now for the next 7-10 years before you'll get approved for ANY loan again.

James · 09-05-2009, 07:26 AM

Oh I know. I don't plan on needing any loans in the next 10 years. With that much money being saved, I can afford a new engine/transmission for the car, or the water heater for the house outright, etc. My whole point is to get my expenses to go down and stay down and build up a savings. I want to take German so I can learn some of the native language of Germany, which is one of my long term goals.

sjoslyn · 09-21-2009, 09:13 PM

I guess I've never really studied about bankruptcy, but it sounds like you will not be responsible for any of the 25k in debt that you currently have after this has been dispositioned? How does that weigh on you emotionally? Just curious, thats all.

James · 09-23-2009, 02:16 PM

It does hurt. I've always been able to pay back what I borrow, but in the long run I just need to get out from under the rock because I feel like I'm being crushed. I literally can't go out and do anything. Roommates want to go to bars, want to go bowling, want to go to car/truck shows, and I just can't afford the 12 bucks that takes for the week. Basically I get paid and then it's paid to creditors and I'm eating cheap frozen food constantly.

I hate that I would do that to a company, but "we're here to help" means you pay us or we'll sue you and garnish your wages. I'm done with threats and I'm done not being able to do anything when I want to.

getnick · 09-23-2009, 04:27 PM

well then congratulations man. it will be a relief when you don't have to deal with that stuff anymore. i used to HATE having my phone off because of all the calls. eventually my phone just got shut off too. lol

James · 09-29-2009, 05:08 AM

Back taxes are paid up, and actually overpaid. The mortgage payment went down and the exemptions are in place now.

I'm getting a check back for 430 some dollars, along with the 680 I got back from the debt services company, this bankruptcy is almost all paid for. Then its time to start saving.

I'm not telling the roommates, and nobody tell BDN yet. I need to get a little extra cash for the month until this all goes through. I'll let them know come the first of the year. Maybe.

briansol · 09-29-2009, 10:05 PM

its yoru house. just because you re-fi'ed and your house costs you less doens't mean you should change your rent.

getnick · 09-29-2009, 10:15 PM

Quote:

Originally Posted by briansol

its yoru house. just because you re-fi'ed and your house costs you less doens't mean you should change your rent.

so true. just because your cost goes down doesn't mean it should affect them. how do you think renters profit? you refi'd to benefit you, not your living companions. lol

James · 09-30-2009, 05:00 AM

I didn't refinance though, rent went up because of taxes that weren't accounted for or paid by me so I had to make them up. They were made up and now the mortgage is going back to where it was.

Your responses though are kind of intriguing. I felt guilty about not telling them, now I don't feel so bad.

It'll be nice to have the extra 100 a month though. Maybe I'll be able to get the chase card paid down so that Verizon will stop shutting off service for non payment when their debit doesn't go through because I'm a penny short on the card.

briansol · 10-05-2009, 11:46 AM

keep it and bank it aside for a rainy day when THEY are hard up and need a break for a month or something. or, buy some pizza for the house every now and then on you. it all evens out in the end.

James · 03-04-2010, 01:47 PM

So they garnashed my bank account. I always thought a garnashment meant a percentage of my money went to them, leaving me enough to at least be able to eat or do something. Nope. Out of the $1059 in my bank account. They took every last penny. In fact, it made me overdraw by 9 dollars, because they took it without notice.

I just flat out haven't had the time to actually get to filing the bankruptcy. I can't get to my paystubs with my dad here.

How the fuck is that legal? To just take every damn penny available?

briansol · 03-07-2010, 03:59 AM

Who is they?

James · 03-08-2010, 01:22 PM

GE Money. One of the three I'm doing the bankruptcy on. They attached to the entire amount in my bank account.

09-04-2009, 09:56 PM	#26
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 29 Posts: 693 Rep Power: 10	Filing Bankruptcy is the START of true financial problems. You're pretty much screwed with whatever you own now for the next 7-10 years before you'll get approved for ANY loan again. __________________ Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker.

09-23-2009, 04:27 PM	#30
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 743 Rep Power: 5	well then congratulations man. it will be a relief when you don't have to deal with that stuff anymore. i used to HATE having my phone off because of all the calls. eventually my phone just got shut off too. lol __________________ visit my site...www.obamacies.com This post does not express the opinions of the website, it's members, or its owner. Always invest with caution and do proper research. If you have questions, consult a paid, investment professional.

09-29-2009, 10:05 PM	#32
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 29 Posts: 693 Rep Power: 10	its yoru house. just because you re-fi'ed and your house costs you less doens't mean you should change your rent. __________________ Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker.

10-05-2009, 11:46 AM	#35
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 29 Posts: 693 Rep Power: 10	keep it and bank it aside for a rainy day when THEY are hard up and need a break for a month or something. or, buy some pizza for the house every now and then on you. it all evens out in the end. __________________ Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker.

03-07-2010, 03:59 AM	#37
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 29 Posts: 693 Rep Power: 10	Who is they? __________________ Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker.

09-05-2009, 07:26 AM	#27
James broke n' stuff Join Date: Jul 2007 Posts: 52 Rep Power: 3	Oh I know. I don't plan on needing any loans in the next 10 years. With that much money being saved, I can afford a new engine/transmission for the car, or the water heater for the house outright, etc. My whole point is to get my expenses to go down and stay down and build up a savings. I want to take German so I can learn some of the native language of Germany, which is one of my long term goals.

09-21-2009, 09:13 PM	#28
sjoslyn Greenhorn Join Date: Mar 2009 Posts: 14 Rep Power: 0	I guess I've never really studied about bankruptcy, but it sounds like you will not be responsible for any of the 25k in debt that you currently have after this has been dispositioned? How does that weigh on you emotionally? Just curious, thats all.

09-23-2009, 02:16 PM	#29
James broke n' stuff Join Date: Jul 2007 Posts: 52 Rep Power: 3	It does hurt. I've always been able to pay back what I borrow, but in the long run I just need to get out from under the rock because I feel like I'm being crushed. I literally can't go out and do anything. Roommates want to go to bars, want to go bowling, want to go to car/truck shows, and I just can't afford the 12 bucks that takes for the week. Basically I get paid and then it's paid to creditors and I'm eating cheap frozen food constantly. I hate that I would do that to a company, but "we're here to help" means you pay us or we'll sue you and garnish your wages. I'm done with threats and I'm done not being able to do anything when I want to.

09-29-2009, 05:08 AM	#31
James broke n' stuff Join Date: Jul 2007 Posts: 52 Rep Power: 3	Back taxes are paid up, and actually overpaid. The mortgage payment went down and the exemptions are in place now. I'm getting a check back for 430 some dollars, along with the 680 I got back from the debt services company, this bankruptcy is almost all paid for. Then its time to start saving. I'm not telling the roommates, and nobody tell BDN yet. I need to get a little extra cash for the month until this all goes through. I'll let them know come the first of the year. Maybe.

09-30-2009, 05:00 AM	#34
James broke n' stuff Join Date: Jul 2007 Posts: 52 Rep Power: 3	I didn't refinance though, rent went up because of taxes that weren't accounted for or paid by me so I had to make them up. They were made up and now the mortgage is going back to where it was. Your responses though are kind of intriguing. I felt guilty about not telling them, now I don't feel so bad. It'll be nice to have the extra 100 a month though. Maybe I'll be able to get the chase card paid down so that Verizon will stop shutting off service for non payment when their debit doesn't go through because I'm a penny short on the card.

03-04-2010, 01:47 PM	#36
James broke n' stuff Join Date: Jul 2007 Posts: 52 Rep Power: 3	So they garnashed my bank account. I always thought a garnashment meant a percentage of my money went to them, leaving me enough to at least be able to eat or do something. Nope. Out of the $1059 in my bank account. They took every last penny. In fact, it made me overdraw by 9 dollars, because they took it without notice. I just flat out haven't had the time to actually get to filing the bankruptcy. I can't get to my paystubs with my dad here. How the fuck is that legal? To just take every damn penny available?

03-08-2010, 01:22 PM	#38
James broke n' stuff Join Date: Jul 2007 Posts: 52 Rep Power: 3	GE Money. One of the three I'm doing the bankruptcy on. They attached to the entire amount in my bank account.

SavingsTalk.com

Your guide to saving money and making smart investments!