Do you regret filing?

[magic13]

Never, I can think of $250,000 reasons

[tic1975]

Thank you so much! I just read so much doom and gloom on a lot of the post. My husband took a drastic paycut last fall. We did meet with an attorney who suggested we try to wait 6 months. Our appointment is tomorrow and I just hope I am doing the right thing. A good part of me knows it's right because we will never be able to pay off our debts without it. Time to be realistic!

[klandsb]

I have never regretted filing and wish I would have done it sooner . I filed due to credit card debt. I was making so many minimum payments every month & getting no where fast. It was a weight lifted off my shoulders of worrying what & when to pay everyone. The stigma of having filed was a worry for me at first. But I made the right choice and am so happy too have the opportunity of a fresh start debt free .

[dmc-2008]

I think the top answer is "wish I did it sooner"! It comes with worry and it's not easy, but it is a solution!

[jange]

I never regretted filing. I always regretting getting into the position that I had to file, wasting so much money that I could of been saving and also not doing it sooner. 5 years later looking forward to my final years of working, socking away retirement money and enjoying our debt free life!

[out4good3]

Regret Filing.....

I never regretted filing. I always regretting getting into the position that I had to file, wasting so much money that I could of been saving and also not doing it sooner. 5 years later looking forward to my final years of working, socking away retirement money and enjoying our debt free life!

Absolutely not.

As far as I am concerned, it is payback for them putting me in the position that I had to file anyway.

While I know I do bear some responsibility for getting myself into that position, I was one of those who were paying everything on time with little trouble in the foreseeable future, until the financial crisis of 2008 hit. What did I get for being a good customer......well all of those low interest credit cards I had jacked their interest rates up to damn near 30%. When I refused to pay one bank in particular tried to coerce me with temporary and short lived options that would've only benefit them ( like an offer to freeze the interest rate only until I was caught up on the account).

I stopped paying them.

They sued?

So I filed BK and hung them all out to dry.

Filing BK put more money in my pockets that would've went to them. And I've got a pretty sizeable cushion now as a result.

[dmc-2008]

I just wish i could find a cushion!!!

[tic1975]

Very similar to us...never paid late but we weren't making much headway either. Then when the economy fell, our payments skyrocketed.

[spidge]

I never regretted filing. I always regretting getting into the position that I had to file, wasting so much money that I could of been saving and also not doing it sooner. 5 years later looking forward to my final years of working, socking away retirement money and enjoying our debt free life!

To add to Jange's response and add to my own.

I wish I did not wait so long. I fought to the point of taking form my retirement account on many occasions to keep my pride in tact, but when I realized I was at a point where I may never be able to assist my children in life I decided to file. Is it a struggle, yes, and I hope the land at the end of this rainbow is swell. I don't know what it is like to not live check to check, but I made a goal to do so and am damn determined to obtain that goal. BK is one tool that will help me be where I want to be.

[jange]

To add to Jange's response and add to my own.

I wish I did not wait so long. I fought to the point of taking form my retirement account on many occasions to keep my pride in tact, but when I realized I was at a point where I may never be able to assist my children in life I decided to file. Is it a struggle, yes, and I hope the land at the end of this rainbow is swell. I don't know what it is like to not live check to check, but I made a goal to do so and am damn determined to obtain that goal. BK is one tool that will help me be where I want to be.

Spidge I took from my 401K retirement account at work, several times, trying to keep afloat. Of course it didn't work. Just ended up deeper in debt, with $400 less a month since I took a loan. We were being sued, we consulted one attorney and he told us to get a bk attorney and file. Before that I never really thought about it.

My 401K loan has been paid back and I now put $600+ a month into the 401K. Last year I also opened Roth IRA for my husband and I, wish I could have done that sooner. My husband was unemployed for the last year and then officially retired last month so between the $1200 I am not paying the trustee and my husband's ss which starts next month, I will be truly ahead of the game for the 1st time in a very long time, so long that, I don't actually remember having real extra money.

Spidge good luck to you! The last few months will go by quickly.

[minan]

Initially yes but realized it was the best decision for us. No regrets now.

[JessMN]

Not for a minute

[lvmilizia]

Only days like today when I have to pay in my annual work bonus to the trustee!! I am not to my 1st year down mark yet, in May, so today was bonus one of 5 paid to the trustee!! But I know in the end it will all be better, and life will be much easier, I just have to keep telling myself that. And I have to keep telling myself it is our own fault for being here anyway.

[dmc-2008]

I feel your pain! I tried to break even in taxes but really screwed up And my trustee gets my refund of over 2000. What a bummer!

[switch625]

Spidge I took from my 401K retirement account at work, several times, trying to keep afloat. Of course it didn't work. Just ended up deeper in debt, with $400 less a month since I took a loan. .

Another regret I have..raiding the 401K for hardship withdrawals pre BK. That also put us in the tax hole, since I reduced tax withholdings to cover the CC debt and everything else.