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Bankruptcy America Online Bankruptcy Support Group

Bankruptcy
Welcome to the Bankruptcy category of the Bankruptcy Support Group. Are you considering bankruptcy? This is the place for discussions about Bankruptcy.
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Discussion: Anxiety...and sadness...Will it ever go away?  (Read 1466 times)
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« on: August 19, 2011, 10:20:37 PM »
firemom
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I was forced to file Chapter 7 last month. I am scheduled to go to court next week and I am scared to death! I am not sleeping much. I have anxiety attacks almost daily, and I am very sad. I am 53 years old. I have always paid my bills but in the last couple of years I have had to go through a divorce which was quite ugly, 4 surgeries for an injuired knee and foot, and last year I took a huge pay cut...17%, which was money that I depended on to meet my budget. This week my lawyer helped me find a car dealer that works strictly with bankruptcy clients only. I did get a used car at a low price but of course the interest rate is higher. I am sad that i will have to surrender my newer car, but grateful that I at least have a car to get to and from work. I am nerves about people asking me why I have a used car when I had a nice new car. I am worried about how creditors who might be in court will talk to me. I am just a bundle of nerves and want to know if this anxiety will ever go away? Will I ever feel better and will the stigma ever go away? HELP Please!!!
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« Reply #1 on: September 05, 2011, 06:52:09 PM »
Netter33
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You don't owe anyone an explanation. It's no ones business why you changed cars.
If you must, say you decided to downsize on the car because it was a gas guzzler and too expensive to maintain.

In court, the judge will ask you a few questions and then you're done. Your dismissal will come about 2 months after  that. I just gave all my papers to my attorney and am awaiting my court date. My attorney is Peter Francis Geraci and his staff is very good at what they do. I felt relief as soon as I had my first meeting with them.

{{{hugs}}}} stop worrying and eat some chocolate. Chocolate has endorfins and endorfins make you happy.  Cheesy
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« Reply #2 on: November 01, 2011, 06:55:42 PM »
Chapter 13
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Living life after filing bankruptcy has not been easy. I filed chapter 13 as a way to keep my situation under control and people from asking the same questions. It is no one business why you went from a new car to used car. Your reasons are your own and it it is all about your pocket book and downsizing to a used car was a step in the right direction. Life after filing is totally your own choice and from here on out once the creditors have stopped calling and you adjust the anxiety does go away and you will develop better habits. Smiley
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« Reply #3 on: November 14, 2011, 10:26:06 PM »
1st born
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I feel like you write. I know that life is much better without the debt and pressure. Of course, it is failure but not final. I believe it will benefit to talk about it to others who continue to deal with shame and a sense of failure.
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« Reply #4 on: November 21, 2011, 09:27:29 AM »
1st born
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Quote from: 1st born on November 14, 2011, 10:26:06 PM
I feel like you write. I know that life is much better without the debt and pressure. Of course, it is failure but not final. I believe it will benefit to talk about it to others who continue to deal with shame and a sense of failure.
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« Reply #5 on: November 21, 2011, 09:35:55 AM »
1st born
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I would think that the sense of failure you feel due to BK is to be expected. I cannot imagine going through it without an emotional impact. The thing that bothers me to being living with the thoughts and peripheral impact of having to do it. I realize that mine was necessary and no personal debts were neglected. But due to signing on my company personal guarantees resulted in me having to claim it all. It is good not to owe so much money. I am far from being one who blames others, but the banks made an investment because they thought it good to do so. They were expecting to make money. Now, they own the property and I do not--with that thought, who really lost. They can sell the property to recover their investment. I have none of it left to sell. It looks like I am the only one to loose.
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« Reply #6 on: December 21, 2011, 01:48:07 PM »
Netter33
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I just received my discharge papers yesterday or the day before.

I filed at the end of August 2011 and cashed in part of a 401K to pay the lawyers.  I asked him if he could lower the fee and he gave me a deal that if i paid him off in two months, he would take $200 off of the fee. I had him paid in a week and a half.

Aside from tons of paperwork, and one lawyer in the same office I didn't care for who I kept ended up with, The process was fairly painless.  The worst part was that I had to give up a credit card for a company that I loved and had for 19 years and wanted to continue paying, but they said I had to give them all up.

I was current on all of my bills up to the day I filed. That really killed me as I always paid my bills on time every month, but my losing my job 20 months ago meant robbing peter to pay paul and it got to a point where peter didn't have anything left to rob, so I had no choice but to file bankruptcy.  If I had gotten another job, I wouldn't have had to do this.

I still have my house since it's in both mine and my husband's names, but all my CC debt is gone ($68,000 worth) so that stress is gone. I still need a job though. *sigh*

BTW I used Peter Francis Geraci and their offices really know their stuff. The commercials are lame, but he's good.

 I am still anxious about not working, but I'm confident that God will show me where he wants me.
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