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I Suffer From Depression, Anxiety, and Panic Disorder and Have Debt

By on July 20, 2016

Question:

Dear Steve,

I finally sucked it up and declared bankruptcy in 2012, but that opened the doors of hell since I did it with a paralegal and I lived in a few different states so people started reaching out to me saying I owed this in that.

Fast forward to 2014, I tried to finish school but instead fell apart mentally, emotionally and physically. I went from specialist to specialist trying to get a diagnosis. Desperately I overdraft accounts as I couldn’t work and needed books, but I even took out payday loans I couldn’t repay. Some snake of a car dealer put me into a truck I couldn’t afford with some private lender Veros Credit late 2014-December as I was getting kicked out unbeknownst to me.

In 2015 I was finally diagnosed with fibromyalgia, major depression, anxiety and panic disorder. I was living in the truck until the lender Veros harassed me into high blood pressure so they reposed it. I owe a ton in tickets but can’t locate them because the mail goes to a house I was kicked out of for being depressed.

I attempted to start a business back in 2014 also and some evil client got me to overdraft my business account when she showed up with no money to pay the vendors, the court couldn’t locate her for the small claims case I tried to bring against her. I have a tax Lien because I haven’t file state taxes and don’t have the money to now

To sum it up Steve, I already filed so I’m shit out of luck, I’ve screwed up royally my 2nd chance at a new beginning because I got sick, I was homeless living from shelter to shelter. I have a tax lien, repossession, more student loans, unknown amount of collections account and my income is state disability of $185. I suffer from major depression, anxiety, panic disorder and fibromyalgia. I want to get a small business loan so I can work from home as my symptoms cause me to isolate but I only have some furniture items I got from donations when I moved into housing. Can you help me with any advice please?

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Is there a way to apply for bankruptcy again, dispute the new bills or have repossession removed do to the snake dealer, who said I could refinance in 6 months of consecutive payments but conveniently disappeared after the 8 months of high interest? Please help Steve what can/ should I do.

Jaime

Answer:

Dear Jamie,

Thank you for writing me for help.

So let’s take this in steps. Regarding your 2012 bankruptcy, all debts from all states should have been discharged since it was a federal action. There are some exceptions to discharge but if those 2012 debts were unsecured debts, they were probably eliminated in your bankruptcy.

It sure sounds like you got screwed over by some of the folks after your bankruptcy. But like life, credit and debt are often far from fair.

The medical issues you mentioned certainly help to put into context why there were some not so great decisions made. Depression, anxiety, and panic disorder are not an excuse, but certainly a contributing factor.

There is no sense wasting a perfectly good mistake so I’d use this as a teachable moment and help you learn that just because someone will lend you money, that has nothing to do with your ability to afford it. You have to be the ultimate decision maker of what is right for you.

I think at this point it would be a long and nearly impossible uphill struggle to try and repair the situation. Since you can’t file for Chapter 7 bankruptcy protection just yet you should talk to a local bankruptcy attorney about Chapter 13 bankruptcy protection. They will often roll their fees, or some of their fees, into the bankruptcy payments.

The bankruptcy protection will stop the collection activities and give you a best chance shot at doing better moving forward. Considering your mental health issues, it would be both prudent and logical to consider this as a way to reach a stable place to build from.

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The chance you can or will get a Small Business Administration loan in your current situation, would be unlikely. But there are a number of SBA loan or government loan options. You can learn more about those here.

One place to look for a bankruptcy attorney in your state, is to click here.

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About Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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