Hello

[christopher80]

Hello,

I don't know what I am going to say.

I was college student until my parents decided to move. I was half way to finish with the college but my parents decided to stop support me go college. Since I have 3 credits card, my parents said thing will be ok. So I wasn't sure and wasn't prepare for anything since they left me here. What I mean they have not talk to me about what to do or asking for help.

They just left me here and figure on that track guide, "What to do?" I am disability and try to get college finish. One day, I got sick and health went out of control almost one year until I got thing back on track. Until my blue cross blue shield decline all the doctor I visit. The money got my debt become heavy. I search to find job and parents doesn't want help. They suspection that I use for fun but I asking for the food.

Today, I got 2 job and plan to go college in Spring. All my debt total nearly 20,000 due my health, food, and some bill for house.

My roommate see me all the thru that I am standing and told me, "Why can't you just simple Bankruptcy and do the number 7. They will not bother you for money. Just like you are walking free and start all over."

It is sound like joke because I learn that bankruptcy can effect all of our life. I know that can't get loan or new car for while to get one. I heard that can effect the job whenever I am looking for.

Sometime, I am blaming my parents because they told me before I graduated from high school. I don't know if that enough reason for me?

Please help me this one moment and what is going be happen to me.

I am only 24 years old. I might sound like whimp because I just don't know what do and even my parents said, "everything is gone be fine." What a good advise that are my parents.

[Dawn1970]

Hello Christopher,
Sounds like a very hurtful situation with your parents suddenly withdrawing not just financial, but emotional support when they apparently had previously been helping you to achieve your education. I don't know the story behind it but will say that it sounds like it was poor, and somewhat sarcastic-sounding advice of them to say "You have 3 credit cards; you'll be all right." But of course, I guess they figure you're 24, after all. What is the approximate sum total of your unpaid medical bills and credit card bills? Yes, filing a Chapter 7 would wipe all that out for you but like you said, it stays on your credit report for 10 years. I'm a little confused- you said you're on disability but then at another point you said you had gotten a second job? Or maybe I am just not understanding properly. If you complete your education and get a steady job I bet you could still qualify for a new car loan eventually despite a Chapter 7. One thing about Ch 7's, although many think this is unfair, once you have gone through one potential lenders are aware that your 'slate' is wiped clean and many will think that you might actually be a good credit risk because you certainly can't file BK again for another [is it 6 or 7 years?? can't remember]. Good luck. I hope everything comes together for you.

[christopher80]

Hello Christopher,
Sounds like a very hurtful situation with your parents suddenly withdrawing not just financial, but emotional support when they apparently had previously been helping you to achieve your education. I don't know the story behind it but will say that it sounds like it was poor, and somewhat sarcastic-sounding advice of them to say "You have 3 credit cards; you'll be all right." But of course, I guess they figure you're 24, after all. What is the approximate sum total of your unpaid medical bills and credit card bills? Yes, filing a Chapter 7 would wipe all that out for you but like you said, it stays on your credit report for 10 years. I'm a little confused- you said you're on disability but then at another point you said you had gotten a second job? Or maybe I am just not understanding properly. If you complete your education and get a steady job I bet you could still qualify for a new car loan eventually despite a Chapter 7. One thing about Ch 7's, although many think this is unfair, once you have gone through one potential lenders are aware that your 'slate' is wiped clean and many will think that you might actually be a good credit risk because you certainly can't file BK again for another [is it 6 or 7 years?? can't remember]. Good luck. I hope everything comes together for you.

Thanks for reply,

I am deaf as you can tell my grammer might not be clear or understanding this post message. I do have two job after I bankruptcy will effect my job? So my job can lay me off because of the bankruptcy? About the lender, I am not going to filling any loan or creditor for another 2 or 3 years because I want to focus myself.

So everything will be all right for me after bankruptcy that the person will not take away from my thing such as what I am wearing, computer purpose to use college, and another things? I am still keep car payment cuz it is less monthly.

I am just post this message again and see if I will be ok but sometime I wish that thing didn't happen to me as I will be one of those people.

[Dawn1970]

Christopher,
Don't feel bad about being "one of those people." I'm one of them and never thought I would be. My budget was already snug and then my daughter was diagnosed with Juvenile Diabetes and then my finances spiraled downward. Even though there was insurance coverage, the copays still stacked up and naturally I missed a lot of work due to insecurities about whether her babysitter could handle the insulin administration. I'm sure every person on here will tell you they were shocked to find themselves in bankruptees' shoes. So join us; we're an elite club, even if our membership was reluctant! ;)

Neither of your employers can fire you or demote you or discriminate against you in any way because of your bankruptcy. And no, they won't take away your clothes. That is part of the basic personal property that everyone is allowed to keep. It is doubtful that they will take your computer because by the time they pay somebody to come get it, what they can get out of selling it won't be worth their time. I can't guarantee you they won't come after it, but I doubt it. The older it is, the less the likelihood that they will want it.

And yes, if your car payment is up to date and you have proper auto insurance, I see no reason you can't reaffirm on it. Good luck to you. And welcome to the club!

[robivi3]

Christopher80,

They won't take your clothes. It would be in your best interest to affirm your Auto debt. That will help you credit wise and keep you in a decent car.
I am sorry that your Parents seem to have withdrawn help, I do not know the whole situation.

Your disability will hopefully help when it comes to the Trustee as they tend to be heartless. If you have no assets you should be OK. DO NOT over value your furnishings, clothes, etc... Work with your Attorney and place a bottom dollar garage sale value on everything.

In my case the Trustee up until the last moment threatened to take our clothes, wedding rings and furniture, I believe he was trying to force us to sell our home. If you are limited in assets you won't be touched. HE DOES NOT WANT USED FURNITURE OR CLOTHES!

Life puts some of us on a "left foot first" course. Some have obvious defects, some are hidden, but we all have them. I have an obvious defect from birth, it causes problems with people's perception of me ferquently, I know the frustration of being percieved as stupid right off by those with less class, less education and passing tolerance (enough to keep them out of the EEOC Office, but their attitude toward my defect lets me know that they would use the N or H word if they still could). Oddly I have always fallen in with highly educated people (or should I say very intelligent, though not always highly educated) so i have been fortunate. I can easily identify with your plight.

As for your grammar, don't worry about it. It takes guts to step out of a comfort zone and put yourself on the line. That is the difference between courage and cowardice. Ask any question you want without apologies.

[christopher80]

[Dawn1970]

Christopher,
I am 100% certain that they will not take away your clothes. And yes, I have been through there, done that. Got discharged in late Nov/04. How old is the computer and when did you purchase it? That could make a difference. Unless it's fairly new I have serious doubts as to whether they'll take it from you. It just costs them too much to send a man to haul it away and like I said, they can't sell it for much, with it being used and all. Owing $17,000 won't be a problem. Many, many, people have had Chapter 7s discharged with debts that were well into the 6-digit numbers and up.

After Chapter 7 you won't owe anything but your car payment, car insurance, rent, and utilities. If they do decide to take the computer from you despite the fact that you need it for school, heck, you'll be able to save up for another one in no time after your Ch 7 because you say you work full-time. Decent ones are currently selling for around $500 at Wal-mart and if worst came to worst, you could rent one from a rent-to-own place until you can afford to buy another one. I do hate dealing with those people, but at least that would be an option temporarily so you could have a computer at home.

[EdytaHome]

It is very nice to read all the heartful advise given to this young man! I wish you luck christopher80, I'm sure you'll be fine. File for BK and get on with your life...

[Tberry]

It Wil Be OK!

I am a student and I can feel your pain! I am currently working on my Master's degree and I have just filed for a Chapter 7 Bankruptcy. They did not take my clothes, my computer or my car. And I am still recieving student loans. Go ahead and file... You only have your debts to lose! You will feel better and you will be able to concentrate on your studies better. Good Luck!