Filing Bankruptcy?

[improving]

Well, I do disagree with London - as others have. It happened to me, I wasn't cowardly in any way - I tried negotiating everything with everyone and no one would help or give it the light of day at the time. We had many medical bills not being covered by insurance and a huge deductible, etc.

Anyway, I do wish we would of still handled it differently and I don't know, continued to fall deeper into a hole?? It is extremely difficult to repair your credit and have a judgement such as a b/k is very hard - but NOT impossible.

I was pro-active and we took every step possible to prove our credit worthiness. We got pre-paid credit card and a regular one with high interest. We got an auto loan with a high rate as well. After 1 1/2 years we bought a house.

I make the above sound easy, but it wasn't. It still isn't. Some of bills were paid and they still lurk on our credit report, there still remains errors and duplicates on my report! The nightmare b/k is always there haunting us!

Because credit is much more important (I thought mid 600's was good, well, now that we need financing again, I'm finding out it is NOT good enough) so I'm being pro-active once again and trying to get rid of all the errors (I can't seem to get all the CB's on the same page no matter how hard I try!) keeping our balances low and see if I can see some more improvement soon.

I want to say " Don't do it! ". But, really it depends on each personal situation, IF there is no other way out and you have millions in medical bills, WHAT are you going to do? Especially if many won't settle for small payments. I had that happen, many wouldn't take less than $300 a month! Well, when there is 10 or more of them, what can you do? Really? Some people have no choice and it's not by any means their fault.

Hope this helps. Anyway, there is life after bankruptcy. (just not an easy one.)

[jjgross]

Originally Posted by improving

Well, I do disagree with London - as others have. It happened to me, I wasn't cowardly in any way - I tried negotiating everything with everyone and no one would help or give it the light of day at the time. We had many medical bills not being covered by insurance and a huge deductible, etc.

Anyway, I do wish we would of still handled it differently and I don't know, continued to fall deeper into a hole?? It is extremely difficult to repair your credit and have a judgement such as a b/k is very hard - but NOT impossible.

I was pro-active and we took every step possible to prove our credit worthiness. We got pre-paid credit card and a regular one with high interest. We got an auto loan with a high rate as well. After 1 1/2 years we bought a house.

I make the above sound easy, but it wasn't. It still isn't. Some of bills were paid and they still lurk on our credit report, there still remains errors and duplicates on my report! The nightmare b/k is always there haunting us!

Because credit is much more important (I thought mid 600's was good, well, now that we need financing again, I'm finding out it is NOT good enough) so I'm being pro-active once again and trying to get rid of all the errors (I can't seem to get all the CB's on the same page no matter how hard I try!) keeping our balances low and see if I can see some more improvement soon.

I want to say " Don't do it! ". But, really it depends on each personal situation, IF there is no other way out and you have millions in medical bills, WHAT are you going to do? Especially if many won't settle for small payments. I had that happen, many wouldn't take less than $300 a month! Well, when there is 10 or more of them, what can you do? Really? Some people have no choice and it's not by any means their fault.

Hope this helps. Anyway, there is life after bankruptcy. (just not an easy one.)

Life is not easy,you see your neighbors going on vacations that you can't go on.Maybe your kids have to wear Joe boxer for a while.If you have kids that's who suffers the most.The peer pressure is so intense we didn't have that much growing up.But as time passes life gets easier so the bankruptcy fades and just does not matter to some letters once you show that you are taking care of business.