A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Does anyone have experience with bankruptcy

Posted: Nov 22, 2016

I am looking at filing bankruptcy soon and am looking for any insight anyone can give me. I'm not sure I will even be able to file as I have no assets. I don't own a house or a car. I just have massive credit card dept. Years ago I made almost 70,000 a year. Now I'm barely making one-third of that. Most of my credit card dept is groceries, through over a year ago I purchased a washer and drier, and had a ramp put on the front of the house I live in (live with a friend) so I could enter and exit safely as I can not longer manage stairs. I don't know if you are able to file bankruptcy if it is only for credit card dept. Please, no judgment. I know I screwed myself up. I don't know whether to file bankruptcy or reorganization (or whatever it is called). Anyway, any input from your experience would be greatly appreciated. TIA.

;

Been pretty close because of credit card debt - nn

[ In Reply To ..]
I don't know if it varies from state to state, but as far as I know, you can file for bankruptcy on credit card debt. I was pretty close a few years ago because this field has gotten so bad, pulling cash advances off one card to pay the bill on the other, but by the grace of God and family, was able to get myself together somewhat. A lot of mine was groceries on credit cards too - those costs rack up fast, especially with 2 kids! I say go sit down with a bankruptcy attorney, or 2 or 3 like I did, and discuss your options. Usually the consultation is free and it will give you great peace of mind to have an idea of where you need to go from there. And please don't beat yourself up over it! There are so many in this profession who have been were you are and everyone feels like they are in over their head sometimes! The best of luck to you and God bless!

Thank you for your reply and wishes, they are truly - appreciated (nm)

[ In Reply To ..]
nm

assets - Effie

[ In Reply To ..]
Bankruptcy works fine for people with no assets. I declared about 15 years ago and I would do it again in a heartbeat if I needed to.

Chapter 11 - bankruptcy

[ In Reply To ..]
My advice, go to a bankruptcy lawyer and file Chapter 11 ... no paying anyone back. You will need money for the lawyer though to file. Over the next 7 years, you can rebuild your credit. It's not your fault, it is the fault of businesses in this country turning us into slave laborers.

Yes. I filed about 8 years ago and sadly on the verge of - filing again.

[ In Reply To ..]
Google attorneys in your area. There are some who will take payments or start the process with a partial payment. Of course, there is much info online and you can file yourself but it doesn't seem worth it to me (scared to mess it up). I filed after a divorce, he kept everything except the kids, I had nothing but debt. I filed chapter 11. Over the last 8 years, the only thing it really affected was my ability to get a decent rate on an auto loan.

The process was simple. I had to pull credit reports, fill out paperwork listing all debt and assets, take a state mandated budget "class" online (about 45 mins), and show up on the court date. The judge asked if there were assets not listed on the paperwork (there were none lol) and that was it. A few weeks later, a letter arrived via USPS legally discharging debt and soon thereafter the credit card offers started rolling in. Love America! ;)

Good luck. It's a bad situation to be so stressed financially. I've been in this field for 15+ years and it seems like income decreases every year. I'm sole support for 3 kids, and at under 30K/year, things have been tough!

How do you do it with 3 kids at under $30k? Have you considered a second job? sm - Curious

[ In Reply To ..]
I am not saying this as bashing, so please do not take it that way. I've been where you are, but there are ways to earn extra money to be able to have what you need and not have to declare bankruptcy. I understand the first time; divorce financially destroys so many people, but not the second. There are a lot of options, especially this time of year, including retail, Uber driver, waitress. I wouldn't just accept making under $30k and BK.

I'm sorry that you are stressed (with three kids!) but there are ways to work around that. One or two nights a week working at Chili's or somewhere like that could put an extra $200-$300 cash in your pocket each week, adding an additional $10,000-$15,000 a year to your household.

Stop blaming this business. That doesn't solve anything. sm - Get A Second Job

[ In Reply To ..]
I am so sad when I read that people feel trapped and blame the industry for their financial issues. Get a second job. Be a waitress, be an Uber driver, deliver pizzas, work at Walgreens. There are ways to earn money outside of transcription and everywhere I go, it seems there is a sign for help wanted. Think of it as temporary and use the money to get out of debt, pay bills, etc. Stop saying that it isn't someone's fault because it is. You don't have to work for peanuts, and if you do choose to, work double with something else to make more peanuts. I like heat and air conditioning and electric and food, so I make sure that I do what I have to do.

I know this sounds harsh, but it's reality. It's up to us to pay our bills, feed our kids, etc., so it's up to us to make sure that we earn enough to do so.

Stop blaming this business - noname

[ In Reply To ..]
Would you like to pay for my vehicle to be fixed or buy me a new vehicle so that I have transportation to find another/2nd job?

No, it is not necessarily soley the MT businesses fault, but when you are working harder and doing more for half or less of what you used to make, which isn't even minimum wage in a lot of cases, there is NO ONE else to blame but the MT business.

I used to support 5 people on what I used to make, so don't tell me to stop blaming the business. I sure as H-E-double hockey sticks didn't decrease my pay! Not everyone is able to get or work a 2nd job, get to another job, get to school to try to learn a new/better career, etc.

Please put yourself in my shoes and tell me how you would do things better!

Similar Messages:

Jun 03, 2016
Does anyone know if you can file bankruptcy on a judgement that has been taken out on you by a hospital? Working as an MT leaves NO money to be able to pay on a hospital bill and of course, $5.00 isn't an acceptable amount to send them. The "law firm" handling this (debt collection office bogus law firm) is a joke. Money from my county's property taxes goes to help support the hospital, but I make too much to qualify for their hospital authority assistance (but not enough to ...

Aug 08, 2014
Is there a way to do it without losing your cars or home? I won't bore you with my sob story. Are there legal fees, etc? Thanks ...

Jun 09, 2015
I just flunked my second audit (99.35) and now I have to go to a program and acknowledge that I've failed again and am put on a performance management plan...which means I'll be out the door soon because I cannot seem to pass this high standard of 99.65. Have you filed bankruptcy before? How bad is it? I'm a single old lady with 2 years and 2 months to go before I can retire. I really don't want to retire early because I have no savings and planned on ...

Feb 13, 2012
ever done this? I want to do it myself so as not to have to pay an attorney because (as usual this makes no sense to me) if I cannot afford my bills, I sure cannot afford an attorney. Just wondering if anyone knows of a good site to look at for this info. Thanks! ...

Sep 03, 2011
http://newsbusters.org/blogs/noel-sheppard/2011/09/03/nbc-and-msnbc-completely-ignore-solyndra-bankruptcy-filing ...

Jun 28, 2011
I am finally to the point of having to consider bankruptcy, mainly for medical bills. There's quite a bit, having had two surgeries in the recent past in one year with no insurance. I am trying to decide if I should move from the rental home I am in first or move after I file. I am not sure whether you can rent at an apartment complex with a bankruptcy or whether I should try to find another rental home? Or should I just not file until I move? We need a bigger ...

Jul 19, 2013
Run by Democrats for how many years? ...

Sep 23, 2014
I asked for advice on here a few months back. I was terrified but soooo glad I went!! I think I am going to file chapter 7 alone. My husband owns property from an inheretence so we want to avoid that being taken. It is like a huge weight has been lifted off my shoulders. I will admit I was addicted to credit card use. Then I had an accident in 2011 and medical bills started piling up. It will be nice to start over and NOT be dependent on credit cards. I ...

Jul 27, 2011
We have been in chapter 13 for a year. Our payment keeps going up. However, I found some interesting information from the IRS for expense list that my lawyer did not include in our expenses and we have for expenses. Has anyone dealt with this? If so, what could you include in expenses? Did your lawyer include these expenses later? Sorry to sound stupid, but just trying to get some help. Believe me, we did not want to file but had no option. ...

Mar 20, 2010
I'm sure liberals will not be surprised that a conservative would be happy that ACORN is going under, but the reason will surprise them: I'm happy about the prospect of ACORN's demise because it will make room for better social aid organizations that operate with greater integrity. Anyone who believes that there are not still citizens of this country who need help in gaining access to basic services, who need help in navigating their way into the "main stream" of American soci ...

Sep 23, 2010
He owes DH $2300, which is minor compared to others who are owed 5 figures, working without pay since last year. Why did they let it build up that high? The guy always paid on time until last year. Then it got sporadic. DH onlyl worked a couple days for him this year then stopped when he heard the guy wasn't paying. He put a claim in at Small Claim's Court last month and his hearing is on the 29th, but I doubt he will come home with a judgment to pay. He has to travel 100 ...

Nov 15, 2012
Subcommittee Investigation Reveals Decisions by Corzine Led to MF Global Bankruptcy and Missing Customer Funds Full report of Financial Services Oversight and Investigations Subcommittee to be released Thursday Washington, Nov 14 - Decisions by Jon Corzine to chart a radically different course for MF Global and try to turn the 230-year-old commodities broker into a full-service investment bank were the cause of the firm&r ...

Oct 19, 2014
NM ...

Jan 24, 2011
He grasped me firmly but gently just above my elbow, guided me into his room and quietly shut the door. We were alone. He approached soundlessly from behind and spoke in a soft voice: "Just relax." Without warning, he reached down and soon I felt his strong hands start at my ankles, gently probing, moving steadily upward along my calves. My breath caught in my throat. I knew I should be afraid, yet somehow I just didn't care. His touch was experienced and sure. As his hands moved up my thig ...

May 28, 2015
After ten years of having the Wound Care Clinic at the place I work for being my primary account, last week they just disappeared. I wouldn't have had any warning except that in the body of one report a few weeks ago one of the docs told the patient that they were switching over to EMR. I know it sounds like nothing, but I have typed for these four physicians for Ten Years, almost exclusively! I know they don't know that only one person was doing their transcription, ...

Oct 23, 2015
Last month, someone charged 300+ in nutrition products to my charge card exactly ten days before it expired, then a few minutes later tried it again. The card company noticed it and texted me. I told them that I did not make the charges, so they charged the first one back to the nutrition products seller and declined approval on the second one, and cancelled the card. The online seller, a fitness company, has now submitted their evidence. They claim I bought it and they shippe ...

Sep 09, 2011
Although I'm making a pretty decent income between my full-time and part-time IC jobs, I'm looking to not only make a bit of extra money but also just to have something fun (and a bit more social) to do on the side. Without naming names (which I believe is against board rules here), I'm checking into two Swavorski crystal independent distiributorship opportunities. I can't name names, but I believe someone on this forum posted a few months ago about repping for one of ...

Jun 06, 2011
Anyone ever have a person in their past that they miss and can't get out of their heads; you just wish they would somehow walk back into your life just to be near them again if only for a moment to feel what you used to feel? Does that sound pathetic? If you tell someone this they tell you to let it go, but you really don't want to - you just want to hold on. ...

Jan 20, 2010
Have hooked up with a dietician at my doctor's office, want to get some weight off and feel that is the best way to do. She wants me to do some exercise and have heard of Curves. Anyone else go there? ...

Jul 04, 2012
I got interested in this after hearing a radio show about fermented foods and the recipe seemed simple, cabbage, salt, let it sit out for 4 weeks or so and there you have it. My cabbage has been sitting out for a couple of weeks now and is actually sort of looking like the sauerkraut you get in the cans. Has anyone ever made this, eaten it and lived to tell the tale? Thanks and happy 4th! ...

Jul 21, 2012
I recently said on another board I was glad I did not have any friends because no one can say do it for the kids. Well, when I talk about my anxiety and depression, I get very sick and tired of people saying it is because I do not have enough faith. Believe me, I do. Or I did anyway. I have asked to be filled with the holy spirit. I have begged for a miracle. Not sure what else to do, but it is CHEMICAL. Has nothing to do with faith. Off soapbox ...

Jul 20, 2013
Here's how the Motor City got here, and where bankruptcy could take it MATTHEW O'BRIENJUL 19 2013, 6:05 PM ET 0in Share More Reuters After decades of decline, Detroit is broke. On Thursday, the Motor City filed for the largest municipal bankruptcy in U.S. history on its $18 billion of debt, and faces a future where only one thing is certain: lots of people are going to get much less money than they were promised. Now, I don't like to say th ...

Dec 25, 2011
My mother, age 92, with dementia, just passed away. My estranged brother coerced her behind my back, to leave her retirement condo near me to move in with him. I am the executrix of her willl, and everything was to be divided equally between my brother and me. I just found out that he's taken most of her money and put it into a couple POD (pay on death) accounts in his name. She has a couple small accounts that amount to maybe $67k. The estate is wort ...

Oct 27, 2010
My daughter has a 7-week old. She is breast-feeding and all is going well. She is a special ed administrator/teacher and will have to go back to work in December. There will also be 2 short overnight trips for work. She wants to continue the breast milk by pumping and have the nanny give the baby the bottle of breast milk. The problem is, the baby absolutely refuses a bottle. She wants the breast or nothing. It is truly a fight a ...

Mar 17, 2010
My 11 YOS is really struggling this year (5th grade). I know it's late in the school year, but I'm wondering if anyone has any experience with Sylvan or Huntington Learning Centers. I've tried desperately to work with his teacher, but am getting nowhere fast. He has ADD, which she is fully aware of, and he is on medication, but he is still struggling. I'm considering one of these facilities and would like any info anyone has about either one of these centers...thanks! ...

Jun 28, 2011
I recently discovered that some old money I have had for decades is actually worth something. Most of it is US silver coins, but I have some old foreign money both coin and banknotes that are selling on EBay for thousands times their face value. I know there is a difference between what a coin dealer will give you and what the money retails for, but I really can't invest the time in putting them up for auction myself. But, I don't want to give them away.&nb ...

Jun 27, 2012
We have a male stray we want to get neutered. Has anyone ever worked with a stray cat and get this done for them? Here is our situation (I am the poster below that asked about searching for movers). So, our situation is we are going to be moving to a location four hours from us. We have a stray male cat we have been caring for for the last 3 or 4 years. He depends on us for food and a warm place to sleep at nights. He eats here 2 times a day (sometimes more) a ...

Sep 02, 2013
I'm not thinking about taking them because I don't have good reactions to meds but I am definitely curious. ...

Mar 31, 2014
I am considering this. Does anyone have any comments regarding experience, suggestions, satisfaction, or ideas as to cost? Thanks. (I typically sit in the dentist's chair and literally tremble). I want to do this, but I am terrified. ...

Nov 27, 2015
Has anyone had experience with the passage that goes something like this, "I will restore the years of the locust many times over." That is not the exact phrase, but I am not good with exact ones, just the gist of them. I have waited decades for that one and I have given up. ...