Tag Archives: afraid of bankruptcy
- I Got Credit When I Turned 18 And Now I’m Considering Bankruptcy. – Melissa
“Dear Damon, I was completely clueless when I was younger. The second I turned eighteen, I got a credit card. And then another. And then another. And another. And now, with over 10k in debt, just out of a year of unemployment, I’m still floundering. The job I have now is barely above minimum wage, [...]
- My Husband and I Have a Crushing Amount of Debt Due to Mismanagement and Poor Budgeting. – Lisa
“Dear Steve, I posted this to the forum for Damon Day and he said we should set up a telephone consultation. Since we are having financial difficulties, we are a little hesitant to pay the fee. My husband and I, through general mismanagement of funds and lack of budgeting, have found ourselves with a crushing [...]
- Should I Go With Bankruptcy or Debt Consolidation? – Patricia
My husband has lost his job twice in the last 2 years. The first time it only took him 1 month to find a new job, so we recouped pretty quickly. The second time (which was just in February 2010) it took him 5 months to find a job. His new job includes a $10K [...]
- Credit Counseling and Debt Settlement Failed But I Do Not Want to Declare Bankruptcy. – Sue
“Dear Steve, My husband and I separated about 3 years ago, with that in mind we both did the most selfish thing- we spent on our credit cards. We racked up so much on our credit cards, that we did not even realize how bad we had put ourselves in debt. Fortunately we got back [...]
- Should I File Bankruptcy. We Are Hanging By a Thread. – Kellie
“Dear Steve, Husband and i both lost our jobs and we are hanging by a thread with child support and unemployment. My question is we have about 1300 a month in income and about 3000 a month in bills with credit cards mortgage lights food etc. that dies not include the 1000 of dollars in [...]
- When Doing What You Think is the Right is the Wrong Thing to Do During Financial Troubles
I am forever faced with people who tell me that no matter how bad their financial situation is they will never consider bankruptcy as an option. Now I understand to that person, the thought of bankruptcy is reprehensible. They feel it is morally wrong or against their religion. They feel it is a violation of [...]
- Debt Collector That Called People Loser for Not Paying Their Debts Just Went Bankrupt
I don’t think people who go bankrupt are losers or morally corrupt. Most people are just good people stuck in the middle of a really bad situation. But people do feel bad about the situation and often feel less than whole for having lived through the need to file bankruptcy. But I could not help [...]
- My Bankruptcy Case Has Been Filed and I’m Scared. – Traci
“Dear Steve, My bankruptcy case has been filed and I will be going to the meeting the the trustees in a couple of weeks. I did alot of cash advances and alot of withdraws out of my account. I am afraid they will think I am being fraudulent and not discharge anything. I am very [...]
- Our Monthly Payments Are More Than We Make. – Chelsey
Chelsey wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]