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Complications of keeping BK private

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    Complications of keeping BK private

    I have told very few people about my BK because I do not like to discuss my private financial matters, even with people close to me like family. (and some of my family would be very judgemental if they knew I had filed, so I admit that some of my secrecy has been to save face, not just that I am a private person.)

    Anyhow, my husband and I both work decent jobs and make a good living, and my family/friends don't know about the financial problems we've had (some medical, big student loans, but mostly just living beyond our means for way too long). So Christmas was tricky because we just didn't have the money to spend that we usually do, but we managed by really cutting back on the stuff my husband and I usually get each other and then I got a little bonus at work that really helped, and then I was super careful about sales and getting the best prices on everything, so I don't think it was too obvious to anyone else that we weren't spending nearly as much as usual this year.

    But now we have a major event coming up, my oldest niece is graduating from law school in May. The whole family (siblings, parents, etc) are flying out to Phoenix for the big celebration. And this is my favorite niece, we're pretty close (I used to live out in Arizona when she was a kid growing up, and my oldest sister and I were her role models since we're the only ones in our family to go to college and I even went on to get an advanced degree so have been the one who could "relate" to her struggles in school over the years, etc.) But it's going to cost a fortune in airline tickets, hotel room since everyone will be there and there just won't be room to house everyone, a rental car, etc., and have to decide which is more important, my pride and "image" within the family, which will take serious hits if I tell them I can't go because I couldn't get my financial house in order and now all my disposable income for the next 5 years goes to the CH 13 trustee, or risking hurting my niece's feelings by not really explaining why I can't come. Actually, I could go if I used my tax return to do it, but it would leave us with nothing in savings and we have very old, high milage cars that constantly threaten to break down on us, so I really don't want to blow the little bit of backup funds we have now. And next year another niece in Phoenix is getting married... so even if I do scrape and scrimp to make it to the graduation I'm going to feel even more pressure to do the same to make it to the wedding next year or else the younger niece will think I'm playing "favorites" since I've always had more in common with her older sister.

    Oh well, not really looking for advice, since I know what my options are, I just have to bite the bullet and choose one. Guess I just wanted to get it off my chest and see if anyone else has gone through similar problems with trying to keep their BK private while dealing with family's expectations to spend money? Thanks!
    Filed CH 13 September 17, 2007
    Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013!

    #2
    What your family "expects" and what you can "afford right now" is two different things.

    Don't let your pride get in your way when it comes to your own family and what you have to do while in bankruptcy to survive the next few years.

    Your family doesn't need an explanation of "why" you don't have the funds right now to make this trip. All you have to say is "money is tight right now and we just don't have the extra funds to make this trip right now"..... Nothing more, nothing less. And it will be the truth too....

    If questioned by family just tell them it's something you don't care to discuss and leave it at that....

    I'm sure you don't know "all" your family's business, just like they don't need to know in detail about yours. Only tell them what you want them to know, nothing else.

    As far as your neice, I'm sure she would rather you stay home and congradulate her, then encountering a "hardship" on yourself by trying to make this trip and using up your emergency fund. She may be a lot more understanding than you think. Money doesn't grow on trees as most people know....

    So you have to make the decision....... do you stay home and take care of your own family OR make a trip just to please other family members? A trip that you really can't afford right now?

    Answer seems simple to me once you put aside pride and embarrassment!!

    My thoughts.....
    Minny

    "It's amazing the paths that our feet sometimes follow in life".

    My suggestions are from "personal experience" and research only. Do not consider this as legal advice. Each bankruptcy case is different.

    Comment


      #3
      Originally posted by Minnymouth View Post
      What your family "expects" and what you can "afford right now" is two different things.

      Don't let your pride get in your way when it comes to your own family and what you have to do while in bankruptcy to survive the next few years.

      Your family doesn't need an explanation of "why" you don't have the funds right now to make this trip. All you have to say is "money is tight right now and we just don't have the extra funds to make this trip right now"..... Nothing more, nothing less. And it will be the truth too....

      If questioned by family just tell them it's something you don't care to discuss and leave it at that....

      I'm sure you don't know "all" your family's business, just like they don't need to know in detail about yours. Only tell them what you want them to know, nothing else.

      As far as your neice, I'm sure she would rather you stay home and congradulate her, then encountering a "hardship" on yourself by trying to make this trip and using up your emergency fund. She may be a lot more understanding than you think. Money doesn't grow on trees as most people know....

      So you have to make the decision....... do you stay home and take care of your own family OR make a trip just to please other family members? A trip that you really can't afford right now?

      Answer seems simple to me once you put aside pride and embarrassment!!

      My thoughts.....
      Great advice!
      Schel
      Discharge 1/19/2009

      Comment


        #4
        Woeisme,

        We are in the process of filing also. In fact we meet with a lawyer today. I feel nervous!
        Anyways, I can relate on the not wanting everyone to know your business. I have not and will not let my parents know of what we are doing. The only one who knows, is my brother who also filed bankruptcy.
        It is certainly a challenge, this past week with our sons Blue & Gold Banquet for Cub Scouts is the time that they ask everyone to participate for the Boy Scouts of America for "dues."
        Every year weather we have had the money or not we have donated. This year we marked "ZERO" can't donate due to financial hardship. And of course everyone sitting around us are like how much are you donating? Well I waited until everyone was away from the table and filled out the form before turning it in.
        So I guess this is the first step in not spending moneys we do not have. I do realize it is hard.
        Good Luck to you in your decision.
        Schel
        Discharge 1/19/2009

        Comment


          #5
          Originally posted by Minnymouth View Post
          What your family "expects" and what you can "afford right now" is two different things.

          Don't let your pride get in your way when it comes to your own family and what you have to do while in bankruptcy to survive the next few years.

          Your family doesn't need an explanation of "why" you don't have the funds right now to make this trip. All you have to say is "money is tight right now and we just don't have the extra funds to make this trip right now"..... Nothing more, nothing less. And it will be the truth too....

          If questioned by family just tell them it's something you don't care to discuss and leave it at that....

          I'm sure you don't know "all" your family's business, just like they don't need to know in detail about yours. Only tell them what you want them to know, nothing else.

          As far as your neice, I'm sure she would rather you stay home and congradulate her, then encountering a "hardship" on yourself by trying to make this trip and using up your emergency fund. She may be a lot more understanding than you think. Money doesn't grow on trees as most people know....

          So you have to make the decision....... do you stay home and take care of your own family OR make a trip just to please other family members? A trip that you really can't afford right now?

          Answer seems simple to me once you put aside pride and embarrassment!!

          My thoughts.....
          Well said!!

          Comment


            #6
            It sound like one of the reasons you are upset about this too is b/c you are quite fond of your niece. Why not call her directly and explain to her that things are too tight right now to make the trip? Also, you could put together an inexpensive yet meaningful gift to send to her so she knows how much you mean to her. We have had a few situations come up that we have had to decline due to finances but it hasnt caused anyone to find out about the BK. Most of my family is feeling crunched right now and making changes to save a dollar so our absence at family functions has been understandable.

            That being said- have you thought of ways to make the trip as cheap as possible? What if you went alone and bunked with some other family members? You could also try a site like Priceline to bargain for the cheapest airfare and hotel rooms. The flights arent at the best time and the room might not be the greatest- but you may end up saving a ton. Just some thoughts- maybe some other travel experts will have some ideas. I absolutely love Arizona and would move mountains to get out there again if I had a reason to!
            Filed: 3/12/08
            341 Meeting: 4/11/08
            Last day to oppose: 6/10/08

            Comment


              #7
              I think a lesson in "reality" might be good for a college aged girl. Why not go in on an airplane ticket for her to come and visit you after she graduates? It would be cheaper. You could get a good bargain if you by the ticket in advance and go from and to major airports. It certainly would be cheaper than the trip you described. Perhaps your niece could use the time to interview at various places in your area, or check out businesses and opportunities there? I know that after graduating from college, I would have given anything for a relative to allow me to sleep on the couch while I looked for jobs in the area. (I guess this all depends on where you live, of course).
              Not all those who wander are lost....

              --J. R. R. Tolkien

              Comment


                #8
                To tell you the truth, when I graduated I really didn't have much time to spend with those that came. While I appreciated everyone who made the trip, now seven years later I couldn't tell you who was there for sure or not.

                I was busy trying to go out with my friends a last time, finishing up any coursework I still needed to get done, packing my room up, figuring out what I was doing next, saying goodbye to my friends, gettting applications out.

                So why I'm sure that she would appreciate seeing you, she may appreciate seeing you more at some occasion where she has the energy and time to enjoy your visit.
                Last edited by JollyGG; 02-20-2008, 11:08 AM.
                Filed: 10/26/2006
                Discharged: 03/05/2007
                Closed: 5/19/2008 - Asset case due to balance transfer and income tax refund

                Comment


                  #9
                  Thanks for all the advice everyone. You're right my4devils, part of what has me upset is that I want to go, I haven't seen my niece since a year ago Thanksgiving when she came out here to Ohio to see me. But everyone else is right too, I just can't afford to let my pride wipe out my savings, I have a 12 year old and a husband that I need to put first. By not going I will be able to use a smaller bit of the tax return to get her something nice for graduation. Actually, I can scrimp on a few things and try to put away an extra $25 or so a month from now until May and be able to get her something in the $100 range without touching my savings. I have pretty much made my decision about not going (e-mailed my sister-in-law and told her I wouldn't be able to make the graduation after I posted this morning) and it probably won't even be that part of my family that questions my decisions (they all have financial problems too, and my niece has tons of student loans from law school and knows I have big education debt too) it is more my Mother and oldest sister that are going to give me the big guilt trip about it, I am sure. My Mom because she lives here and will want me to go so she doesn't have to fly out there alone (she's in her 70's and doesn't like to travel by herself) and my sister (lives in another state so can't travel with my Mom) who is going to be spending the bucks to fly her family out there, so will be grilling me on why we can't afford it if she can. (She and her husband make about the same amount of money as us, but didn't have the student loans or medical debt we had that led us to start abusing our credit, which led to our CH 13.) I am going to use the excuse that my son will still be in school that week (which is actually true due to so many snow days this year that they need to make up!) and hope they don't think that excuse is too lame. Anyhow, thanks for the support, good to hear from those of you that missing a graduation won't ruin her day. Actually, when I graduated from college only my parents and the siblings that lived nearby came, not the Phoenix clan, and same thing goes for when I got my PhD, only my parents and one sister came, so maybe I'm making a mountain out of a molehill because I just feel so mad at myself for getting into this financial hole that is going to define my whole life for the next 5 years...
                  Filed CH 13 September 17, 2007
                  Plan Modified July 8, 2009 from $1100/month to $400/month due to change in income, finally discharged in July of 2013!

                  Comment

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