Tag Archives: going bankrupt

Emily Wants to Know “I’m Pregnant And Got My Hours Cut. What Do I Do?”

Emily wrote in to me at GetOutOfDebt.org to ask for help. Here is what she said. “I’m having some money problems. I’m having to struggle on making a payment on time and cause I’m pregant my hours got cut back at McDonald’s. Just trying to pay people back and stay on top with my debt [...]

Is It Bad to Go Bankrupt? What Does it Feel Like to File Bankruptcy?

Life is ironic some times. Here I was someone growing up that thought that people that found themselves bankrupt were messed up in some way. Yet in 1990 I found myself in bankruptcy. I learned that living through bankruptcy is a whole lot different and that for all those people before that, whom I might [...]

Is Bankruptcy Right For Me?

Bankruptcy Basics Most people think of bankruptcy as a process in which you go to court and get your debts erased. It’s not that simple. In fact, there are two types of bankruptcy: the familiar liquidation bankruptcy, where your debts are wiped out (Chapter 7 bankruptcy) and “reorganization” bankruptcy, where you partially or fully repay [...]

I Financed a New Demo Motorcycle Yesterday Even Though I Went Bankrupt.

Yesterday, Pam and I decided that we wanted to buy a new motorcycle that had been the 2008 dealer demo and only had a few hundred miles on it. We decided to buy a 2008 Honda Goldwing, a big touring bike but an awesome ride. We have some trips coming up that we are going [...]