[boogiesmash]

So I'm contemplating bankruptcy. I am barely even if that on my monthly budget. Today I went food shopping and my card was declined. I was so embarrassed and confused as I had enough credit. Turns out it was a fraud protection that went off but I didn't get contacted till 10 minutes after I left the store. I felt so embarrassed. Got home and my cable is suspended and they want 400 dollars to turn it back on which I don't have. So now I'm in my house about to ball up feel so embarrassed a failure a loser and pretty much what in my life is going. I even tried to borrow money from my best friend God bless him but he had a bunch of bills to pay and said he'd lend it to me in two weeks.
Why am I even on this earth. I feel so low.

[Skeezyks]

{{{ boogiesmash }}}

[fishin fool]

Sorry you are having such a hard time.
Hang tough, things will turn around.
I am sure of it. Life is a roller coaster, ups and downs.

[Icare dixit]

You'll get through this. I don't know if bankruptcy is the best option for you, but don't be ashamed: many companies go bankrupt every day. It's how the economy keeps working. And your debts are (most probably ) nothing compared to that of most companies.

I don't know the regime when you apply for bankruptcy in the US, what the negatives are for you personally, but in the greater scheme of things it means nothing to the economy, like a drop of water in an ocean. It allows you to pay back by your productivity or what you add to the overall productivity of all in society. Could be anything: caring for someone, buying stuff, some charity, paid or unpaid work. Pretty much anything.

No need for any feelings of guilt. Those that feel none maybe should, some bankers or politicians, but not you, not us.

[Icare dixit]

One more thing: any credit not repayed is reflected in the price of the products and services you pay for. So never feel indebted due to money. Love is the harder currency.

If you won't lose your house or anything, but it only affects your credit score, I wouldn't worry too much (though I wouldn't know if life is easy without cheap credit in the US).

You might even want to go to a more decent country. Just kidding.

If only there were more bankruptcies, any debt would just disappear. So actually you help people in need by bankruptcy: you're like Robin Hood!

[hopeless2015]

Hugs

Sent from my SAMSUNG-SM-G930A using Tapatalk

[gina_re]

You're not a failure. You're not a loser. You are just going through a tough situation that you are trying to dig yourself out of. If you go forth with the bankruptcy, your attorney will be able to tell you what to do with your credit accounts once you retain him or her. Besides that, you seem to be doing well for yourself. Although it was a horrible experience, you're still out and about shopping for yourself. It's like pulling teeth for me to do that when I get depressed...I just order take out and sometimes can bribe my mom to bring me food. You go to the gym and work out. The only exercise I get is walking to and from my car and the train platform. You're making the effort to go out and meet new people at social events. These are all things that would take too much effort for me.
I work in the city, and every time I leave the train station I pass several homeless people with missing limbs or eyesight, sleeping on the streets or begging for change. When I pass these people, it puts life into perspective for me. It really can be much worse than where you are now.
You're trying your best to make things better, and if you keep making that effort, it will get better. It will take time and you have to be patient and committed. I was in your shoes about five years ago, and I've turned it all around. I filed a bankruptcy, but then I graduated (because I stopped stressing over bills), bought a house and leased a new car. Easier said than done but keep trying! Please take care of yourself

Originally Posted by boogiesmash

So I'm contemplating bankruptcy. ...I feel so low.

Boofiesmash - please don't feel you would be a failure if this happens. We run bad luck. And sure, being Bipolar doesn't help when it comes to money. That is just the way we are. So, don't beat yourself up.

Bankruptcy is not the end, it is the beginning of a fresh start. It is an opportunity.

My life was hell until I went bankrupt myself. I walked out of the office with a huge weight taken off my shoulders.

What did bankruptcy mean for me? It meant losing a few things that I realize now were only posessions. It meant having someone else set up my budget which I realize now wasn't a bad thing at all. It meant living this way and submitting receipts for a year, not a bad thing at all. After that year everything returned to normal. No one had to know unless I told them.

Going bankrupt was a relief.

[PumpkinPieHead]

You got this. Don't Worry. Earlier this year I sank into a deep depression because I thought I would fail statistics but look at me today I have an A in the blasted class and I'm feeling sille for all the time I spent thinking I was a failure. I wasn't a failure, and neither are you, keep your chin up, love.

[gina_re]

Bankruptcy also forced me to learn how to budget. My philosophy is, if I can't afford it, don't buy it. Whereas before it was buy buy buy! It will be dealt with later! Well later was thousands of dollars of debt between eight credit cards.

[boogiesmash]

Originally Posted by gina_re

Bankruptcy also forced me to learn how to budget. My philosophy is, if I can't afford it, don't buy it. Whereas before it was buy buy buy! It will be dealt with later! Well later was thousands of dollars of debt between eight credit cards.

8??? I had 12 before I entered credit counseling and still struggle.

[Icare dixit]

From what I read here, bankruptcy is really not that bad for you personally.

Does sound liberating. You could do this.

Creditors take a risk by giving credit, the risk isn't yours. That's why you pay interest. They knew/know the risk they were taking. What's more, the moment credit is given is when the prices of food and services go up to account for the risk.

All very technical, but it really means you have nothing to feel guilty about (if you do).

Love yourself. Love is important. Material things aren't in themselves: they're just a tool, not something that should define you. Your choice.

[boogiesmash]

Just spoke to a lawyer and he told me what to do. Feel liberating how much extra a month I'll have.

[gina_re]

I hope it works out!

(((Hugs)))

[boogiesmash]

Thanks everyone for your words.

[exasper8ed]

There is some good news. And the good news is this: you are not collectible. And that is the primary concern of your creditors - are you collectible. And so, what I would do is reveal your lack of collectibility to your creditors and ask them to resolve your debt for 5-10% of the gross deficiency and not file BK. You have a unique opportunity to rid yourself of a lot of debt by simply being uncollectible. I know that this is not where you want to be, but there is a silver lining to your situation. Good luck.