All Posts Tagged With: "Debt"
Got It Done……
Completed the pre-bankruptcy paperwork that we will need at the lawyer’s office in the AM. I ‘think’ we have everything set up and ready to go. LOL, I am going to miss screwing with the collections people, but am quite sure that they will keep calling anyway. Oh well.
It is truly amazing when you really sit down and put every creditor on paper. When the paperwork printed out, there are 5 pages with 5 slots per page to list creditors……I needed a separate sheet of paper. Looking at the bills, 90% are in my wife’s name only. Of the $100k or so, @ $26k is actually in my name, but that definitely brings about a decision that many people will simply not make: I married my wife and said vows that included verbage about “in good times as well as in bad”. This is a bad time in our lives and the support that we have shown each other has been simply amazing. Looking back on it, I should have been more aggressive with our debt pay down plan. I should have achieved my wife’s ‘buy in’ more harder and I should have been on top of things much more……BUT, I wasn’t. So……tomorrow, 10am EST is the first step.
D-Day is this Saturday….
Our first meeting with “Lawyer #2″ is Saturday at 10am (#1 was over a year ago). Still have to get the paperwork filled out, but that isn’t that difficult. There are still times when I look at things and go “ya know, we can still get out of this hole”, but it is too deep. With our credit ratings not even coming to a decent number when added together, we have admitted defeat. I mean, what is the point? We pay everything in full and have crappy credit ratings OR declare on everything and have crappy ratings? Don’t know about you, but I am voting for option #2.
It’s also hilarious that we have both received raises at work within the past couple of months. While we are making more money than ever, it still isn’t enough. So, as before, what is the point? Tennessee leads the nation in bankruptcies filed……and is one of the few states that does not have a State Income Tax. Go figure lol. Oh well, wish us luck and stay away from the Trudeau book.
Yet another car problem and no emergency fund
Same song and dance…..we have been scrambling since my wife last got salmonella poisoning while eating salmon at a TGI Fridays. Losing that one entire paycheck hurt. We had actually gotten back to the point where we could almost breathe……then her truck broke down. LOL, figures. We had it towed to a repair shop, they worked on it and we paid $390……..two days later, the SAME EXACT problem crept back up…..had it towed back to the idiots to fix it this time, of course they discover a new problem…..$403 in order for us to drive it home……
One Last Dive before the D-Day…..
Recieved our tax refund check and we just got back from a week’s vacation in Florida…..was able to clear our minds somewhat and are facing bankruptcy head on. At the moment, we are trying to configure our gameplan to receive our IRS $1500 check and then file. After all, strategic filing is the best option 
But, how can we do that and not have to cough up the money? Easy, the $1500 is already gone
Our Trip to the Consumer Credit Counseling Service (CCCS)
Life and the CCCS
We had our pow-wow with the CCCS (Credit Card Company Services, ahem, Consumer Credit Counseling Services) today……for a measly $692 per month we can pay off our credit card debt and doctor bills in as little as 46 months. OK, first some background for those that are unaware as to what the CCCS is.
The CCCS is the only US of A accredited pre-bankruptcy counseling service. If you ever want to file Chapter 7 or 13, guess who you MUST see twice? Yep. OK, with that said, who helps maintain the CCCS as a 503-non profit organization. According to the yellow piece of paper that I signed, the CREDIT CARD companies
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