Filing bankruptcy is always a hard way to handle your money problems but it can also be a blessing especially if you had all of your debts discharged.
The most important thing for you to do now is get your finances organized. Set up your budget and stick to it religiously. As a subscriber to The Budget Stretcher you have all of the tools you need to get started right away.
Please visit The Complete Budget and Bill Organizer at the below link:
Re: Just filed Bankruptcy
My thoughts and prayers go out to you and your loved ones at this stressful time busdriver1. Try to keep positive and remember that every cent counts - "nickel and dime your way out of debt" as the saying goes.
The most important thing is not to lose faith - in yourself and God. Your life is in your hands - just reaffirn to yourself that the most important things in life is not materialistic; so with that in mind, start building over - slowly but surely.
Dianakpd
Unregistered User
(1/17/06 6:41 am) Reply
It was good for us
It was one of the scariest things that I've gone through but I am so glad we did. We were recieving phone calls 24 hours a day from creditors. Our lives were in shambles. We couldn't make it anymore. That was 3 years ago. We haven't used credit cards in five years except for debit and don't plan to ever again. It was a blessing for us. Good luck.
busdrv1
Unregistered User
(1/20/06 10:57 am) Reply
Re: Your Bankruptcy
Can you tell me if you kept your property? How did they list it under your bankruptcy? I only filed Chptr 13 a repay plan so I could keep my house... But for some reason they are listing me under collections and my payments are on time? I was just wondering why this was and waiting on a phone call from my Lawyers office.>D
Re: Your Bankruptcy
One of the great pieces of wisdom : There is no failure if you learn from your mistakes.
Bankruptcy has a long road back to get to great credit, but you can do it. Pay your bills on time - #1 best advice. 35% of your credit score is for paying bills on time.Even utility and rent payments count when you want a loan.
Most places will give you a loan for a car in about a year, so be careful. FHA loans - government financing - will forgive a bankruptcy in about 3 years if you've cleaned up your act since you filed. If your bankruptcy was for medical bills - they will give you a loan sooner.
It is critical for you to keep ALL your records for the bankruptcy. Things will show up on your credit 10 years from now and you will have to prove that that particular loan was discharged with your bankruptcy. Your attorney WILL NOT keep track of this. It is yours to do, and rightly so. You don't want anyone else to be in charge of your financial health but you. My daughter and son in law filed for bankruptcy in 1994, and when they bought a house last year (second home they've purchased since the discharge), things had "popped up " on their credit reports and they had to dig through paperwork to find the supporting documents.
Don't go to a finance company for anything - it will reflect badly on your credit report. Even those " six months same as cash" deals through a store are actually a finance company.
Hope this helps, and remember - the race went to the tortoise.
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