Life Bankruptcy - Page 8

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?

InChiefsHeaven · 10-13-2009, 10:59 AM

Just out of curiosity, are your parents ready to kick your ass for all this yet?

Demonpenz · 10-13-2009, 11:01 AM

Quote:

Originally Posted by BigRedChief

We were piling up debt, not making much headway on old school loans, college tuition for the son looming, no retirement funds to speak of etc.etc. I was as high paid as anyone in the city for what I did, I needed a job in a better paying field.

I worked during the day, went to school at night, got home around 10:00 pm, studied until 2:00 am, got back up at 6:00 am and started it all over again. Did that for 2 years. Got ourselfs in a little deeper debt to do it also. But now I'm making twice what I was making then and potential for a lot more.

People have to take responsibility for their own station in life and try to change it for themselfs, not sit around and mope about your situation and expect the government to rescue you from your station in life.

any money and rent

Demonpenz · 10-13-2009, 11:03 AM

i don't want the government to rescue me i just want them to make good on their promise to me. I seem to remember a dancing penguin on ice telling me to "be cool, stay in school" now all the sudden they don't want to hit back with my money

**BigRedChief** · 10-13-2009, 11:04 AM

Quote:

Originally Posted by Demonpenz

any money and rent

?

vailpass · 10-13-2009, 11:06 AM

Time for the montly bankruptcy thread huh? Man it's a jungle out there right now.

Demonpenz · 10-13-2009, 11:07 AM

Quote:

Originally Posted by BigRedChief

?

it sounds like you were blessed alittle more than me and mcan. I remember when I went away to college it was very very expensive, I was taking 9 hours of classes up to my eyeballs in homework. My math class didn't even count for credit. math 000. there was no way I could survive I worked at a local bar 8 hours a week, but that didn't pay the bills AT ALL

Demonpenz · 10-13-2009, 11:10 AM

Semster 6 i finally graduated from college with my theature degree. I thought me playing lord tybolt would springboard my career. The schools newspaper called my preformance "adiquate" I thought I was going to be making good money, but the community I was in didn't pay much or anything for our preformance of dial m for murder

mcan · 10-13-2009, 11:13 AM

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.

**BigRedChief** · 10-13-2009, 11:14 AM

Quote:

Originally Posted by Demonpenz

it sounds like you were blessed alittle more than me and mcan. I remember when I went away to college it was very very expensive, I was taking 9 hours of classes up to my eyeballs in homework. My math class didn't even count for credit. math 000. there was no way I could survive I worked at a local bar 8 hours a week, but that didn't pay the bills AT ALL

Yeah my wife was working as a teacher and I was working as a Respiratory Therapist. So we were able to keep paying the mortgage without an issue. There were no student loans or financial aid. It was all paid for by us, out of pocket.

I was taking I.T. courses so I could take them at the local junior college, so that made it cheaper. I got all kinds of free software and hunted down deals on hardware for the late night "studying". We researched our options and came up with a plan and stuck to it. Now it was awful lucky that at the same time I'm doing this change in my life I discover a knack for computers and this new internet thingy is taking off with lots of new jobs being created.

Brock · 10-13-2009, 11:15 AM

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.

That's the smart move.

Demonpenz · 10-13-2009, 11:15 AM

Quote:

Originally Posted by BigRedChief

Yeah my wife was working as a teacher and I was working as a Respiratory Therapist. So we were able to keep paying the mortgage without an issue. There were no student loans or financial aid. It was all paid for by us, out of pocket.

I was taking I.T. courses so I could take them at the local junior college, so that made it cheaper. I got all kinds of free software and hunted down deals on hardware for the late night "studying". We researched our options andcome up with a plan and stuck to it. Now it was awful lucky that at the same time I'm doing this change in my life I discover a knack for computers and this new internet thingy is taking off with lots of new jobs being created.

no your boy gets sweet uni's here in st joe we had mesh hats and t shirt jerseys that rubbed my nips raw

**Scorp** · 10-13-2009, 11:16 AM

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.

Pussy

Demonpenz · 10-13-2009, 11:16 AM

no worries glad to help

tooge · 10-13-2009, 11:18 AM

Steal from some hardworking people that have made sacrifices so that they aren't in the same situation as you. It's the thing to do these days. Ask the govt.

Mile High Mania · 10-13-2009, 11:20 AM

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.

Seriously... keep them updated and your life will be easier.

So, the student loans people are coming after you?

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, 10:59 AM	#106
InChiefsHeaven Rockin' yer FACE OFF! Join Date: Feb 2003 Location: Omaha, Nebraska Casino cash: $525437	Just out of curiosity, are your parents ready to kick your ass for all this yet? __________________ We have a million reasons for failure, but not one excuse... Die Donks, DIE!! Holy Crap fellas!!! We did it!!! THREE TIMES!!!
Posts: 27,275

10-13-2009, 11:03 AM	#108
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $-463864	i don't want the government to rescue me i just want them to make good on their promise to me. I seem to remember a dancing penguin on ice telling me to "be cool, stay in school" now all the sudden they don't want to hit back with my money __________________
Posts: 54,961

10-13-2009, 11:06 AM	#110
vailpass Psycho Bag Of Squanch Join Date: Sep 2001 Casino cash: $9594244	Time for the montly bankruptcy thread huh? Man it's a jungle out there right now.
Posts: 69,591

10-13-2009, 11:10 AM	#112
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $-463864	Semster 6 i finally graduated from college with my theature degree. I thought me playing lord tybolt would springboard my career. The schools newspaper called my preformance "adiquate" I thought I was going to be making good money, but the community I was in didn't pay much or anything for our preformance of dial m for murder __________________
Posts: 54,961

10-13-2009, 11:13 AM	#113
mcan Apr 13,1949 – Dec 15, 2011 Join Date: Aug 2000 Location: Kansas City, MO Casino cash: $9996085	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.
Posts: 3,761

10-13-2009, 11:16 AM	#118
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $-463864	no worries glad to help __________________
Posts: 54,961

10-13-2009, 11:18 AM	#119
tooge MVP Join Date: Feb 2007 Location: Liberty, MO Casino cash: $544112	Steal from some hardworking people that have made sacrifices so that they aren't in the same situation as you. It's the thing to do these days. Ask the govt.
Posts: 17,242