One down, fifty-nine to go.

[sandlunatic]

We just made that first payment (had the BK court hearing) and am ready to kick chapter 13's backside. Our attorney wrote up a very workable plan, our tax return was exempted which gives us a very nice emergency fund which we haven't had in years. We foreclosed on our house, the second (home equity loan) came at us hard which is why we are on the 13 plan. I love being able to answer the phone now (no more creditors) and feel a huge weight has been lifted. I know there will be bumps in the road but I'm sure we can make it. We were able to put some money in the savings at the end of the month, can't remember the last time that happened. Luckily our 3 kids are still young (6, 5 and 3) so kid expenses and grocery bills are low. Good luck to all that have just started and I can't wait to post when my last payment has been made.

[jange]

Congratulations on your 1st step towards financial freedom!! 5 years is a long time, so plan and save for those emergencies and it will fly by.

[dmc-2008]

Yes you are very lucky the kids are young! Great timing!! Good luck ! Xoxo

[May2014]

We're just one payment in as well! May the next 59 months be good to us all...

[out4good3]

Will be making payment number 36 at the end of the month.

[wd2005]

Congrats as well. I'm making payment #7 today. It's been one of the best decisions I've ever made. What a relief to not have to worry about the phone ringing, the mailman coming and worst of all, a bank levy/wage garnishment. I just make my plan payment every month and keep counting down the months

[angel7821]

Congrats to those of you just starting your way to financial freedom. Plan for those bumps in the road cause they will certainly show up. You will all do fine and the time will fly by.

[LadyInTheRed]

We just made that first payment (had the BK court hearing) and am ready to kick chapter 13's backside. Our attorney wrote up a very workable plan, our tax return was exempted which gives us a very nice emergency fund which we haven't had in years. We foreclosed on our house, the second (home equity loan) came at us hard which is why we are on the 13 plan. I love being able to answer the phone now (no more creditors) and feel a huge weight has been lifted. I know there will be bumps in the road but I'm sure we can make it. We were able to put some money in the savings at the end of the month, can't remember the last time that happened. Luckily our 3 kids are still young (6, 5 and 3) so kid expenses and grocery bills are low. Good luck to all that have just started and I can't wait to post when my last payment has been made.

Welcome to Bkforum. I love your attitude. I know you will kick Chap 13's back side!

[moneyprobs]

I make my first payment this month too. I'm already feeling very relieved.

[dmc-2008]

I make my first payment this month too. I'm already feeling very relieved.

Paid #21, we are not counting though right? Xoxo

[spidge]

Paid #21, we are not counting though right? Xoxo

I'm counting!! Ready to be done!!!!!!!!!!!!

Sandlunatic. Sounds great and I do hope you have a three year plan as apposed to the five year. I am going bonkers but it does not help that I have been off work and on workers comp for 8 months now. Too much time on my hands to look for solutions and missing out on opportunities.

I agree that the kids are a good age as mine are young adults and my hands are tied in my ability to help them much. Downright depressing and upsetting. I will make up for it, and am thankful for such understanding kids. I have big goals to help the kids, and hope it shows them how patience pays off.

Be sure to keep adding to retirement and funds for the kids to make it easier to stay motivated. There has to be a personal payoff outside of avoiding the debts.