We have our first consultation appt with an attorney tomorrow and I am so nervous. First, I think it is just laying all this out to someone else. My head knows that this person will have heard similar situations if not worse, but they haven't heard it about me, if you know what I mean.
As I look ahead at doing this bankruptcy, I am worried about questions I feel like I can't answer well enough or the poor choices we made. When I look back at our situation now, I don't understand why we didn't do more about our financial situation sooner rather than digging ourselves further and further into debt. The whole issue of we should have known at the time of incurring some of our debt that we wouldn't be able to repay it haunts me. We really should have known. I feel like we were just in this type of fog where we were trying to just make it thru each day and not looking ahead. But I am afraid it might look like fraud because anyone with a brain should have seen that we couldn't have paid the money back.
Our path here really has been due to a mixture of circumstances starting with money spent on infertility tx and adoptions a few years ago, my decision to stay home with our kids for a few years which has turned into long term due to ds being dx with special needs issues, dh having two periods of time off work for medical issues, ongoing medical expenses, the credit card companies raising our rates, the minimums going up, etc along with our not living within our means and adjusting when we should have.
The bottom line is that we can't go back and change any of it now. I really want us to move ahead and get it right. My husband's health is still pretty precarious and the thought of having all this debt on me alone has me so worried, etc..
We don't have a lot of luxury items. In fact, when I look at our debt and what we have as assets, it is pathetic. That worries me, too - that someone will think we must have hidden assets somewhere due to how much debt we have. We really don't. We drive older cars, no big tvs. etc. But we did spend money on family vacations which really has been our "escape". I know those were irresponsible charges to have made. I just honestly didn't see it at the time. That whole not looking ahead thing.
Has anyone been in a similar situation? I am trying to get myself calmed down before the appt tomorrow, so any words of advice would be really appreciated.
Also, we are below the median income for our state. Under what type of situations might we still have to do a 13 vs a 7. We do have a house (with no equity due to taking out a 125% 2nd mortgage) that we would like to reaffirm. We are current on our payments for that.
TIA,
reallynervous
As I look ahead at doing this bankruptcy, I am worried about questions I feel like I can't answer well enough or the poor choices we made. When I look back at our situation now, I don't understand why we didn't do more about our financial situation sooner rather than digging ourselves further and further into debt. The whole issue of we should have known at the time of incurring some of our debt that we wouldn't be able to repay it haunts me. We really should have known. I feel like we were just in this type of fog where we were trying to just make it thru each day and not looking ahead. But I am afraid it might look like fraud because anyone with a brain should have seen that we couldn't have paid the money back.
Our path here really has been due to a mixture of circumstances starting with money spent on infertility tx and adoptions a few years ago, my decision to stay home with our kids for a few years which has turned into long term due to ds being dx with special needs issues, dh having two periods of time off work for medical issues, ongoing medical expenses, the credit card companies raising our rates, the minimums going up, etc along with our not living within our means and adjusting when we should have.
The bottom line is that we can't go back and change any of it now. I really want us to move ahead and get it right. My husband's health is still pretty precarious and the thought of having all this debt on me alone has me so worried, etc..
We don't have a lot of luxury items. In fact, when I look at our debt and what we have as assets, it is pathetic. That worries me, too - that someone will think we must have hidden assets somewhere due to how much debt we have. We really don't. We drive older cars, no big tvs. etc. But we did spend money on family vacations which really has been our "escape". I know those were irresponsible charges to have made. I just honestly didn't see it at the time. That whole not looking ahead thing.
Has anyone been in a similar situation? I am trying to get myself calmed down before the appt tomorrow, so any words of advice would be really appreciated.
Also, we are below the median income for our state. Under what type of situations might we still have to do a 13 vs a 7. We do have a house (with no equity due to taking out a 125% 2nd mortgage) that we would like to reaffirm. We are current on our payments for that.
TIA,
reallynervous
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