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Tag Archives: going bankrupt

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

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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 with rent. How can i ... Read More »

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

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    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 have turned my nose up ... Read More »

      Is Bankruptcy Right For Me?

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      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 your debts. The reorganization bankruptcy ... Read More »

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

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        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 to love riding it on. ... Read More »

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