“Dear Steve,

Credit card debt after being divorced, unable to work, no income, but paying the minimum on it. I need out, it’s stressing me too much and hurting my health more, when I already have bipolar and clinical depression disorders. I used the sale of my car to pay off the one, but I am still $7000 in debt. I’m having panic attacks because of it, and so stressed all the time.

My ex got everything, because i couldn’t afford a lawyer, and the state would not help me because I was out of state for it due to having to move back home with my parents. My parents barely survive, and can’t afford to help me, which is what has been happening. Is there any other option besides bankruptcy? I can’t afford to lose my good credit score because some future things depend on that. Please help, I’m so scared, and so desperate, and have no idea what else to do. I’ve been reading through thousands of articles for several weeks now. Thank you.

Is there a way to get rid of my debt without filing bankruptcy, if I’ve been paying the minimum?

Kilandra”

The Answer:

Dear Kilandra,

Debt and depression are tied together and now when you add in bipolar disorder and panic attacks you’ve got a lot of moving objects to try to juggle successfully. The odds, without intervention, is that not much is going to change.

I hear what you are saying about your good credit score, but that can be rebuilt. If you took a hit to your credit score now by filing bankruptcy and that eliminated the debt and stress, the odds are that the panic attacks would greatly diminish and you would be more stable on your medication.

The best order to tackle this in is to put the debt aside for right now and focus on getting your mental health stabilized. Once you feel you are back on an even keel then click here to find a local bankruptcy attorney you like. Discharge the debt with bankruptcy and then we can focus on rebuilding the credit score.

This approach leaves you with a stable foundation, addresses the debt and leaves you in better shape to move forward with a happier life.

What do you think about that approach?

Big Hug!

@GetOutOfDebtGuy

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.

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Read the full article at GetOutOfDebt.org, click here: I Already Have Bipolar and Clinical Depression Disorders With Panic Attacks and Now Debt. – Kilandra

Rosie

“Dear Steve,

I worked as a teacher for sixteen years. I developed disabling panic attacks which would no longer allow me to work.

Soon after, I filed for bankruptcy. I later applied for social security disability in 2001 but was denied.

In 2003 I was forced to sell my home in order to have money to live. I began renting an apartment with a roommate and have managed to frugally live on the proceeds of the sale until now. I was able to reestablish an excellent credit record. But my funds have now been completely depleted and my credit cards have been my sole source of support the last several months. I have nothing left, no money and no family or friends that can help in any way.

I tried reapplying for social security disability recently but was denied again. All I have is some credit card credit left. But by next month, I will no longer be able to make my minimum payments, pay rent/utilities, or buy food.

My roommate was just laid off and cannot help either. I am 46 years old and facing homelessness and hunger. I am completely terrified. I am a good person and have always been a very good money manager. I suffer from extreme anxiety disorder and after many years of therapy and treatment, my condition just will not go away. I do not have the money for anymore treatment, and I have continually looked for work that I can do at home, but I just have not been able to find anything.

What do I do? I’m afraid I am a hopeless case. Thank you for reading this.

Rosie”

The Answer:

Dear Rosie,

I’m so sorry that you are living through this situation and a resurgence of your panic attacks. Debt does not help anxiety, it intensifies it.

The biggest issue is that for whatever reason, you have held off finding a solution for this terrible situation until the very last minute. Debt problems are not like a fine wine, they don’t get better with age.

I understand the limiting factors of your situation with the anxiety and panic attacks. I feel for you but that does not change the fact that you have no money coming in to live on, to safely shelter yourself or to keep you warm.

The reality of your situation is that once you started living on credit cards to get by, you were also living on very borrowed time. With cash gone, credit gone and soon, your apartment potentially gone, there is a good chance that you may wind up homeless.

The good news is that there might be some solutions to provide advice and assistance.

• Rent assistance advice is possibly available through the Housing & Urban Development agency.
• For medical care you quite possibly qualify for Medicaid. You’ll have to contact your state Medicaid office to learn how.
• You may be eligible for food assistance programs, like SNAP.
• Job location assistance and job directories are available online.
• You can contact your local city or county health department and let them know your situation and see what local programs may be available.
• I’d explore the Social Security denial some more. The DisabilitySecrets website has some good advice on it. Just because you have been turned down, does not mean that you are either not eligible or can’t get it. It may take a fight. You can also get a free case evaluation here.

Although disability claims based upon mental impairments may be harder to achieve an allowance at the initial and reconsiderations levels, these claims have a fair chance of allowance at the administrative law judge hearing. Therefore it would be sound advice to appeal your claim if you are denied at the initial and reconsideration levels of the Social Security disability process.

Specific guidelines for anxiety related disorders are found in Social Security’s Listing Of Impairments in Section 12.06. According to these guidelines an anxiety sufferer must have “a persistent irrational fear of a specific object, activity, or situation which results in a compelling desire to avoid the dreaded object, activity, or situation. Or recurrent severe panic attacks manifested by a sudden unpredictable onset of intense apprehension, fear, terror and sense of impending doom occurring on the average of at least once a week”.

Since the Social Security Administration approves panic attack disability benefits on a case by case basis, there is a formal application process. There are strict guidelines for average monthly income made year-to-date, case severity, and future work plausibility. However, for those stricken with debilitating anxiety and panic attacks that make work impossible, it offers a glimmer of hope and financial assistance.

But even with all these helpful tips we can’t take our eye off the primary issue, the lack of income. Establishing a source of income must be the number one priority. Without income you will not have many, if any, choices. I would suggest taking a look on Snag A Job for places that are hiring, right now, in your area.

Rosie, I think that if you put effort into exploring all of these options that out of it you may create at least an emergency solution that may assist you.

Big Hug!

@GetOutOfDebtGuy

The Answer:

Other Related Articles to Read

• Now That I’m on Social Security Disability Can I Stop Paying My Judgment? – Wendy
• I’m Moving Out. Will I Still Be Obligated for the Rest of the Rent? – Ross
• Clinton Wants to Know “Am I Doing The Right Thing By Repaying My Debt?”
• Money and Stress: How to Keep Your Money Worries From Killing You
• I Already Have Bipolar and Clinical Depression Disorders With Panic Attacks and Now Debt. – Kilandra
• My Visit to the Local Food Bank to Learn About How to Feed the Hungry
• Crystal is on a Fixed Income But Wants to Get Her Credit Cards Paid

Read the full article at GetOutOfDebt.org, click here: Roise Has Panic Attacks, Can’t Work, And Is Now Out of Money