In January 2006, my father sold his house to my best friend and gave me
$35k as a gift to help me out financially... since I was out of work and had lots of bills. It was to help me get a new start in life. Well, I decided to invest the money with my friend. So, I gave it to him to remodel the house and he would pay me back within a year with interest. But because I was out of work, the deal was that my friend would pay my bills and give me money when I needed it (subtracting it from the balance).
Last year, I traveled a lot to Turkey to visit with my husband and his family.
Which ate up a large chunk of the balance. I desperately tried to find a job, but couldn't.
By the time I was paid back in July 2006, I only had about $25k left. I used this to get work done on my car and new tires ($4000). The car was still having problems so I financed a new car (another $3500).
I finally found a job in October 2006, but by that time nearly all the money was gone.
I need to file chapter 7 because my husband is in the USA, but it will be some time before he'll be eligible to work. And I'm supporting both of us with only $1500 a month. We're living with my grandfather, who wants us out.
I'm curious... how is that large sum gift from my father going to affect my bk? How do I report it? I didn't spend it friviously... without working for a year, car problems, medical bills (no insurance), traveling to Turkey, financing my husband to come here, supporting him now and for another 6 months...
I also used that money to pay some of my credit card bills and payments on a judgement debt that I had from a couple years ago. But after January 2007, I couldn't afford to pay them.
I was going to school in Fall 2006 and this spring 2007. But needing to travel to Turkey for my husband's visa process and the commute to college (1 1/2 hrs from my work), it became too taxing... so I wasn't able to complete the semesters. The federal loans were cancelled and returned to the lender, and now I owe that money to the college. Can that be discharged?
$35k as a gift to help me out financially... since I was out of work and had lots of bills. It was to help me get a new start in life. Well, I decided to invest the money with my friend. So, I gave it to him to remodel the house and he would pay me back within a year with interest. But because I was out of work, the deal was that my friend would pay my bills and give me money when I needed it (subtracting it from the balance).
Last year, I traveled a lot to Turkey to visit with my husband and his family.
Which ate up a large chunk of the balance. I desperately tried to find a job, but couldn't.
By the time I was paid back in July 2006, I only had about $25k left. I used this to get work done on my car and new tires ($4000). The car was still having problems so I financed a new car (another $3500).
I finally found a job in October 2006, but by that time nearly all the money was gone.
I need to file chapter 7 because my husband is in the USA, but it will be some time before he'll be eligible to work. And I'm supporting both of us with only $1500 a month. We're living with my grandfather, who wants us out.
I'm curious... how is that large sum gift from my father going to affect my bk? How do I report it? I didn't spend it friviously... without working for a year, car problems, medical bills (no insurance), traveling to Turkey, financing my husband to come here, supporting him now and for another 6 months...
I also used that money to pay some of my credit card bills and payments on a judgement debt that I had from a couple years ago. But after January 2007, I couldn't afford to pay them.
I was going to school in Fall 2006 and this spring 2007. But needing to travel to Turkey for my husband's visa process and the commute to college (1 1/2 hrs from my work), it became too taxing... so I wasn't able to complete the semesters. The federal loans were cancelled and returned to the lender, and now I owe that money to the college. Can that be discharged?
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