Well, after 8 months of quiet desperation, I am having to face the reality that bankruptcy may be the best option for me right now. I’m very depressed about. I have a call into an attorney to schedule an appointment. After that I hope to have better information on making a realistic decision. It’s such a shattering decision. I have no assets, almost no money in the bank, a mountain of debt, and it will take years for me to recover the pay loss that I’ve suffered. If I do this now, I feel like I can at least start making steps towards recovering, instead of continuing to live on the verge, and fearing things get bad enough that my wages get garnished. I don’t know how I’d make ends meet if that happens. I feel like I need to focus on rebuilding, getting my savings back up, and repairing my credit rating, instead of this constant, endless, stress.

I hate that you are depressed about it. In the long run, it maybe the best thing for you. You will get the opportunity to start anew and re-organize your finances, during this time of being in bankruptcy. I recent filed and it’s been the best thing I could have done, financially, I recently divorced and the house we purchased together, he wanted, knowing he could not afford it.

Needless to say, he lost it. So, it’s not a bad decision, just not one we like to make, but it will help you in the long run.. Just think of how well it’s going to be to have great credit when it’s over and your ability to start fresh. But during the time of being bankruptcy, think of saving and how to handle spending, priority of needs or wants.

Bankruptcy is not as bad as people continually try to make it out to be. I still have a hard time understanding this. My spouse and I filed nearly 10 years ago and it was the best thing we ever did and less then two years later we qualified for a mortgage, we did’nt really need it and decided against taking it, but we qualified. We also purchased a new car which is now paid for. Our credit took a hit but it has never been THAT bad. We needed cash badly, and 3 banks rejected our application. Luckily we got approved for $1000 loan by WeGot1000.com! Their installment loans helped us a lot – learn more from this article if you are not familiar with this type of credit. You can find it useful for you as well.

Well, about credit score – the lowest was in the 500’s in the beginning but on average its been in the high 690’s and could have been better but we’ve each had a couple of medical things show up due to insurance problems and red tape and nothing that we cant manage to correct and probably remove at some point.

Our BK will fall off of our credit reports this year and I expect to see both of our scores go up quite a bit and well over 700. Its been a long 10 year journey but we’ve learned alot and it was never something either of us has regretted doing. Not once.