Filing for Bankruptcy

By

sandcanyongal

My husband is a consumer bankruptcy attorney. Don't ever be embarrassed or ashamed in any way! No, no, no. There are many reasons why you loose your ability to pay bills. The economy plays the major role in forcing people into bankruptcy. Loss of overtime, loss of work hours, loss of job (s), medical bills, adjustable mortgage, missed mortgage payments that leads to modification hell.

During the hey day of the housing bubble, our own government told the people that if your home was worth $250,000 then you were a quarter of a millionaire. Use that money to take the trip you always wanted, buy up, fix up your home, buy a new vehicle. Many people did just that. Then the housing market crashed. Our economy has NOT recovered at all. To the contrary, it is still sinking.

Bankruptcy gives the person or couple a fresh start. I have noticed that a few of the folks that file, had a previous bankruptcy in the last 5-10 years. It's possible that either they we never able to recover financially or they repeated the same practices that led them to file the first time.

Many celebrities file for personal bankruptcy. Do a google search and be shocked!

Hope this helped to shed the stigma of the tragedy of experiencing the loss and having their security ripped right out from under them. It is heart-felt.

By

cett

My marriage broke up because of something like this and the shame and humiliation besides the suffering my kids had to go through is just not worth it! If you want to stay married, then you must insist your husband shows you bills and whatever else necessary for you to make decisions. if not, then you don't have much option but to speak to a solicitor and get out of this relationship pronto!

By

phyllisbarton

You need to consult with an attorney immediately! Is this new behavior for your husband? My husband did this to me. It was early stage of Alzheimer's disease. He made poor business decisions and the first sign was that he ran the business into the ground. When I was finally able to get him to the Dr he could not perform simple math calculations. They will hide things from you and will lie to cover up what is wrong. It may be necessary for you to take over the business. I had to go to court and have my husband removed from the business and control given to me. By then it was too late and I had to liquidate it.

By

T&T Grandma

Ask your bank for advice and see a lawyer, maybe for divorce as well as bankruptcy. Hiding behind lies of debt that you are responsbile for is dangerous.

By

Lilac

I would like to add that you are responsible for all the debts he makes while you are married. You need some really serious legal advice and soon.

By

Lilac

Are you sure you want to spend the rest of your life with a man who is spending money that belongs to both of you and won't let you see where it is going? I feel your biggest problem is not the bankruptcy but your deceptive husband. Bankruptcy will not change him.

I had to file chapter 7 bankruptcy 3 years ago due to becoming disabled. Now when I try to get a debit card from any bank I am turned down.

Does anyone know if, and what you have to pay to file for bankruptcy? If there is a fee, are there any circumstances where it can be waived?