Tsuga Posted May 8, 2015 Share Posted May 8, 2015 Sorry for the double post. Darn phone. Thanks to those who replied here. I'll C&P your replies into the other thread. Quote Link to comment Share on other sites More sharing options...
MomtoCandJ Posted May 9, 2015 Share Posted May 9, 2015 Dh and I declared bankruptcy 7 years ago, when we declared, we did the wage earners so that we could keep my old car. Now dh has a truck (just paid it off), we own our home (land contract) and I have a 2013 Ford Fusion (that we have decent interest on). To us it was worth it, we declared pre-kids (young and dumb as far as credit use went). 2 Quote Link to comment Share on other sites More sharing options...
Ethel Mertz Posted May 9, 2015 Share Posted May 9, 2015 First, hugs to you. Second, yes, bankruptcy is a viable option. Please consider it. Unfortunately, bankruptcy doesn't cover student loans, but it will cover other kinds of debt (medical, credit card, personal, etc.). Find a good lawyer. So many people need to do this and it is absolutely fine. This is why bankruptcy exists. It will give you a second chance. Put your pride aside. It will all be ok. You accidently posted two threads, so you might want to check both for replies. 1 Quote Link to comment Share on other sites More sharing options...
goldberry Posted May 9, 2015 Share Posted May 9, 2015 When the recession hit DH was unemployed for TWO YEARS. Both of us had worked for close to 20 years, but due to a quirk, DH could not collect unemployment. We had some nice savings and went through all of it - every dime. We still have not rebuilt any savings. I remember feeling very strongly that we were responsible, saving, working adults, and it made no difference at all. A lot of people who worked the system came out of it much better than we did. :grouphug: 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.