I just filed for 7 - after my husband lost his job, and he then moved out - leaving me with all financial responsibility - so I filed for divorce. Then I couldn't keep up with the bills and maintenance costs of the house anymore, plus, my employer implemented unpaid time off which means less income for me. And I had excellent credit for over 20 years and been most responsible all my life!
First I decided to negotiate my two mortgage loans - that's when my credit began to crumble. Not a nice feeling, but I knew this would happen. Next, my Chase credit card interest rate went totally up - that was unexpected and caused me frustration. I also had another loan and credit card from BofA. After some research, I decided to try debt settlement, signed up with a firm for that, and started to pay into an escrow account for that. Meanwhile, my first mortgage company was considering a modification - yeah - I was so hopful to keep my home!
So far so good, right? Nope - as soon as I signed up with the debt settlement firm, Chase mailed me legal papers - they were suing me! That was unexpected and that's when I began to feel awful. So now I had to contact a lawyer who suggested chapter 7 - and because of my good income, I will have to let the house go to even qualify! So now I am loosing my home and my credit for 10 years! I had to gather every statement, every bill, every expense, and sign legal papers and now I need to start packing to move as the house will be foreclosed soon. In the meantime my new boyfriend breaks up with me because I am a bit more frustrated than usual - and my cat just died so, my car needs a $1000 repair, and my family lives far away so I basically have little support.
Filing for bankruptcy is gut wrenching to me becuase I worked so hard for over 20 year to buy a home and build a perfect credit, and then within a year I see myself losing it all at once. I am hoping for the better times to come and pray to have my life back one day - but right now going through this is hurtful, frustrating and makes me feel rather lonely as I don't like to talk to anyone about it.