Filing Chapter 7 : ( - Page 2

Markwallace · 03-19-2008, 08:22 AM

Quote:

Originally Posted by StudentMom

The personal products you purchased.. Can you sell some of them? The unnecessary ones? (I know ALL of my CC debt was because I bought stupid, unnecessary stuff) Pick up some extra work? Tighten your frugal belt big time? Or is this about you wanting to get rid of the debt by declaring bankruptcy? IMHO, you should find a way to pay them off. Call the CC companies and make a deal with them. Good luck!

I don't mean to be trite. But why? All credit is good for(and should be used for) is houses and cars. I have no need for a house. The car is something you save up for and pay cash.

So when it gets ruined and nobody in their right mind will give me a credit card... is that a bad thing?

jdp · 03-19-2008, 08:23 AM

Mark - good luck to you if you think you can go through life by paying for everything with cash and not needing any "good" on your credit. EVERYTHING uses credit now. Jobs for selection, cable for eligibility even sheesh, how are you going to reserve hotel rooms or flights or cars. I hope you always have a job with good benefits because if you ever need a doc (non-emergency) or dentist then yes you better have some cash up front if you can't sign on for their payment plans through lending co's (and that kind of $ isn't going to be saved up on $9/hr). If you want to turn into the hermit on the hill like you post then sure why not because you are only messing up everyone BUT yourself - the companies that gave you $ in good faith and the rest of the world who has to pay for your shortfalls. And just because you have these beliefs now about homes, cars, kids, college etc. doesn't mean you will 5 years from now. Karma is a *b*.

*Ir*regardless of how you feel now you should think about how things are heading to where everything wants a 'check' on you.

I'm not anti-bankruptcy at all but the lack of accountability the new laws were meant to address obviously aren't cutting it but making it harder for the people who do need it.

Markwallace · 03-19-2008, 08:27 AM

Quote:

Originally Posted by Frugal Fannie

If you are looking for the legal ramifications of declaring bankruptcy, then you need to consult an attorney. That should run you about $200 an hour which would be better spent paying back your debt.

I can tell you that employers look at credit reports and you may lose out on a job because of bad credit. You will also pay more for insurance. Since none of us can see into the future, you don't know that you won't need a CC at some point. What would you do if you had an emergency and needed an airline ticket but didn't have the cash but would have it in two weeks?

I'm going to go on a limb and say I will have enough in savings to pay for an airline ticket.

I have been at my job for 10 years, dont plan on leaving. I have the best health insurance.

Sorry, I just see ZERO reason to pay these down when I can have it all wiped. I know it hurts your feelings and you think it is wrong, but I simply don't have any love loss for these billion dollar credit card companies that buy sports teams and private jets. I understand that I am passing the costs on to people like you ultimately, shareholders, etc. But, well... frankly I'm sorry to say I just don't care. I'm not going to live paycheck to paycheck for the next 5 years just because I, and others like me, might have contributed to your stock portfolio losing .01%.

Frugal Fannie · 03-19-2008, 08:37 AM

jdp - I have to wonder why someone who wants to scam the system for personal gain would post on a website that seems dedicated to frugality and personal financial responsibility??

khorrell · 03-19-2008, 08:47 AM

I considered a long and thoughtful post on all the reasons why a good credit score is important even if you don't intend to use credit. (insurance, utilities, jobs, etc.) However, the OP doesn't actually seem to want to listen to our opinions. I also wonder about his motivation in this posting if he does not want to hear multiple points of view.

There is no way it is ethical or right to declare bankruptcy if you have any other choice. It sounds like the OP has other choices, he just doesn't like them. Life isn't easy, and it especially isn't easy if you are over your head in debt. However, just because life isn't hard doesn't mean you should shirk your responsibilities. You bought the stuff, now pay for it.

Harsh, I know. But true.

jdp · 03-19-2008, 09:40 AM

Quote:

Originally Posted by Frugal Fannie

jdp - I have to wonder why someone who wants to scam the system for personal gain would post on a website that seems dedicated to frugality and personal financial responsibility??

I was actually thinking he sounds like a politician or the government

But that'd be a whole 'nother thread.

Markwallace · 03-19-2008, 09:50 AM

I'm a disabled veteran. Who are any of you to judge me like you are doing?

You dont know me, you dont know the hardships I have been through.

For you, you go out to dinner one night less a week to "sacrifice" and pay down your debt. For me, for entire weeks I only eat rice for dinner. Rice and water for an entire week because I will overdraft my checking account because of the amount of credit card debt I have.

I am not proud of it, but I have had to go to my neighbors in the middle of the night a few times to siphon gas out of his car so I would have at least enough to get to work.

You tell me about sacrifice, you don't even know the meaning.

yourbeginnings · 03-19-2008, 09:55 AM

Time for me to buy a locking gas tank cap! just kidding.

Mark -- The situation sounds rough.

It sounds like your mind is already made up regarding the bankruptcy. From what I have read since your initial post, with the bankruptcy laws changing more judges are giving re-organizations plans rather than total liquidation. Especially if the person filing has a job.

Markwallace · 03-19-2008, 10:06 AM

Quote:

Originally Posted by yourbeginnings

Time for me to buy a locking gas tank cap! just kidding.

Mark -- The situation sounds rough.

It sounds like your mind is already made up regarding the bankruptcy. From what I have read since your initial post, with the bankruptcy laws changing more judges are giving re-organizations plans rather than total liquidation. Especially if the person filing has a job.

you are an idiot. i know more about then you ever will, mostly because I dont just spout off and run my mouth without any knowledge to back it up.

ever heard of the means test?? I pass. therefore chapter 7. idiot.

also, MORON... there is no JUDGE... you think you sit in a court room and some guy goes over your finances?? maybe if you over 100,000... and its tied up in properties and personal loans.

dude, just shut your mouth. ok? before I embarrass you again on here. pwned.

yourbeginnings · 03-19-2008, 10:17 AM

I think you are probably embarrassing yourself more than me.

03-19-2008, 09:55 AM	#18
yourbeginnings Senior Member Join Date: Mar 2008 Location: Atlanta, GA Posts: 121 Reputation: (41)	Time for me to buy a locking gas tank cap! just kidding. Mark -- The situation sounds rough. It sounds like your mind is already made up regarding the bankruptcy. From what I have read since your initial post, with the bankruptcy laws changing more judges are giving re-organizations plans rather than total liquidation. Especially if the person filing has a job. __________________ http://www.yourbeginnings.com - Free Genealogy Hosting Software

03-19-2008, 10:17 AM	#20
yourbeginnings Senior Member Join Date: Mar 2008 Location: Atlanta, GA Posts: 121 Reputation: (41)	I think you are probably embarrassing yourself more than me. __________________ http://www.yourbeginnings.com - Free Genealogy Hosting Software

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03-19-2008, 08:23 AM	#12
jdp Senior Member Join Date: Jan 2008 Posts: 204 Reputation: (24)	Mark - good luck to you if you think you can go through life by paying for everything with cash and not needing any "good" on your credit. EVERYTHING uses credit now. Jobs for selection, cable for eligibility even sheesh, how are you going to reserve hotel rooms or flights or cars. I hope you always have a job with good benefits because if you ever need a doc (non-emergency) or dentist then yes you better have some cash up front if you can't sign on for their payment plans through lending co's (and that kind of $ isn't going to be saved up on $9/hr). If you want to turn into the hermit on the hill like you post then sure why not because you are only messing up everyone BUT yourself - the companies that gave you $ in good faith and the rest of the world who has to pay for your shortfalls. And just because you have these beliefs now about homes, cars, kids, college etc. doesn't mean you will 5 years from now. Karma is a b. Irregardless of how you feel now you should think about how things are heading to where everything wants a 'check' on you. I'm not anti-bankruptcy at all but the lack of accountability the new laws were meant to address obviously aren't cutting it but making it harder for the people who do need it.

03-19-2008, 08:37 AM	#14
Frugal Fannie Member Join Date: Feb 2008 Location: Adirondacks Posts: 40 Reputation: (10)	jdp - I have to wonder why someone who wants to scam the system for personal gain would post on a website that seems dedicated to frugality and personal financial responsibility??

03-19-2008, 08:47 AM	#15
khorrell Senior Member Join Date: Jan 2008 Posts: 424 Reputation: (60)	I considered a long and thoughtful post on all the reasons why a good credit score is important even if you don't intend to use credit. (insurance, utilities, jobs, etc.) However, the OP doesn't actually seem to want to listen to our opinions. I also wonder about his motivation in this posting if he does not want to hear multiple points of view. There is no way it is ethical or right to declare bankruptcy if you have any other choice. It sounds like the OP has other choices, he just doesn't like them. Life isn't easy, and it especially isn't easy if you are over your head in debt. However, just because life isn't hard doesn't mean you should shirk your responsibilities. You bought the stuff, now pay for it. Harsh, I know. But true.

03-19-2008, 09:50 AM	#17
Markwallace Junior Member Join Date: Mar 2008 Posts: 10 Reputation: (10)	I'm a disabled veteran. Who are any of you to judge me like you are doing? You dont know me, you dont know the hardships I have been through. For you, you go out to dinner one night less a week to "sacrifice" and pay down your debt. For me, for entire weeks I only eat rice for dinner. Rice and water for an entire week because I will overdraft my checking account because of the amount of credit card debt I have. I am not proud of it, but I have had to go to my neighbors in the middle of the night a few times to siphon gas out of his car so I would have at least enough to get to work. You tell me about sacrifice, you don't even know the meaning.