Life Bankruptcy - Page 10

mcan · 10-13-2009, 09:16 AM

Anybody here ever do it? What was your experience with it? I have a lot of very old credit card debt that I couldn't afford to keep paying on, and a lot of student loans that I have yet to really start on. Got my degree (in theater = dumb). I was teaching guitar lessons for cash through most of college and living off of student loans, then I was out of work for a while and now I'm living back home at the age of 29 (ouch). I did get a job on the production line of a fiberglass company for now, but the job isn't supposed to last past November. Got my summons a few weeks ago for a Discover Card debt. They want their money, and I don't blame them. But man, I really don't want to get my wages garnished and bank accounts frozen. This is a HUGE hole. Need out.

Any advice?

**Iowanian** · 10-13-2009, 01:49 PM

Quote:

Originally Posted by mcan

Thanks for the advice Flop. Just called these guys and got set up on payments to avoid going to court. Looks like I'm taking the "plug away at it for years" route. This sucks. But, I made my bed.

You'll be glad in the long run. $10k is far from insurmountable debt. It'll be what you eventually spend on a deck on the house you own because your credit is repaired well enough to own a home in 5-10yrs.

**Mr. Flopnuts** · 10-13-2009, 01:58 PM

Quote:

Originally Posted by Iowanian

You'll be glad in the long run. $10k is far from insurmountable debt. It'll be what you eventually spend on a deck on the house you own because your credit is repaired well enough to own a home in 5-10yrs.

A million times, this.

el borracho · 10-13-2009, 07:26 PM

In addition to the military you may want to consider the following:
* go back to school and get a degree that translates more directly into a job (as an added bonus, your students loans would probably be deferred while in school)
* find a job that includes room and board (fishing industry in Alaska, waiter on a cruise ship, etc.)

stlchiefs · 10-13-2009, 08:33 PM

I only made it through 2 pages, but Penz cracked my shit up in this thread. Sorry about your bad fortunes mcan, good luck.

10-13-2009, 09:16 AM
mcan Apr 13,1949 – Dec 15, 2011 Join Date: Aug 2000 Location: Kansas City, MO Casino cash: $9996085	Bankruptcy Anybody here ever do it? What was your experience with it? I have a lot of very old credit card debt that I couldn't afford to keep paying on, and a lot of student loans that I have yet to really start on. Got my degree (in theater = dumb). I was teaching guitar lessons for cash through most of college and living off of student loans, then I was out of work for a while and now I'm living back home at the age of 29 (ouch). I did get a job on the production line of a fiberglass company for now, but the job isn't supposed to last past November. Got my summons a few weeks ago for a Discover Card debt. They want their money, and I don't blame them. But man, I really don't want to get my wages garnished and bank accounts frozen. This is a HUGE hole. Need out. Any advice?
Posts: 3,761

10-13-2009, 07:26 PM	#138
el borracho In Pat We Trust Join Date: Sep 2001 Location: Albuquerque, NM Casino cash: $2469148	In addition to the military you may want to consider the following: * go back to school and get a degree that translates more directly into a job (as an added bonus, your students loans would probably be deferred while in school) * find a job that includes room and board (fishing industry in Alaska, waiter on a cruise ship, etc.)
Posts: 12,278

10-13-2009, 08:33 PM	#139
stlchiefs Veteran Join Date: Mar 2007 Location: St. Loser, MO Casino cash: $10005674	I only made it through 2 pages, but Penz cracked my shit up in this thread. Sorry about your bad fortunes mcan, good luck.
Posts: 4,160