RE: New to the blog and have some questions

I don’t believe they can touch your retirement, but with the BK laws changes recently, that might have also changed. If it were me, I would not touch my retirement money. This is all you have for the future and he has already shown he can’t be responsible for spending control. It seems he wants a quick fix to avoid working on his own impulses, but there is a chance he’ll run those credit cards up again as soon as they are paid off. He’s already done it after you were married. I have made the past mistake of borrowing from my 401K at work, but never realized I was double taxing myself by paying for it with after tax money. I was broke, in school, and desperate for money to pay my bills. Of course, I still ran up those bills even after taking out the loans. So, I just borrowed money to finance my out of control spending.

I filed for BK in 1990, when I was 22. It was a hard lesson to learn. That BK haunted me for 10 years.

I would contact Credit Counseling Services. They will help get your interest rates down and work out payment plans with creditors. I had a friend who did it and she was almost paid off with everyone. I will never file for BK again. The stats show that if someone has done it once, they are more likely to do it again…not me.

Is he willing to let you take over the finances? Maybe that would help ease his mind a little. I control all our finances because my husband can’t balance a checkbook. If you handle the money, you might be able to make everything work out.

Good Luck! It’s tough to deal with debt. Suze Orman says if you owe twice what you make, you’re essentially Bankrupt. Well, that applies to my husband and me, but I’m still fighting to pay everything off.

I am sorry if my email wasn’t what you’re looking for or if I stuck my nose where it didn’t belong, I would just hate to see you lose your retirement money.

CONSULT AN ATTORNEY BEFORE YOU RISK YOUR SAVINGS, AND FROM EXPERIENCE CREDIT CARD COMPANIES WILL MAKE A SETTLEMENT!

Sounds to me like, if your finances have always been seperate, that he is the one who accumulated that debt in his name only, right? In that case, I would not compromise the retirement plan in your name. Leave that alone. Your suggesstions to cut back on unneccessary expense are the best route to go to avoid bankruptcy (if that’s what you’d prefer. He sounds like he isn’t willing to pay the piper now that the debt has bombarded him. Living without cable, highspeed internet and other luxury services is doable- I still live without all that hooplah and I’m not even in debt anymore. I also did the very thing with cutting down on food costs and eating less – so I lost weight and got healthier while paying off my debt. I filled my life with other activities to make me happier than I was when I thought I needed all that “stuff”. And you seem like you have more financial sense and wisdom than he does. Don’t compromise your assets – since he is doesnt sound willing to change his debt situation by doing the work. Getting him out of the jam will more than likely cause it to occur again a few years from now. I’ve seen it happen in other marriages.

After you get a sense that the debt can be paid off by both of you pulling together as team and gaining a trust in your finances together – stop seperating your marriage financially. And don’t let him say anyhing of the sort that he is the one who earns all the money. You have a fulltime job as a SAHM especially with one autistic child. Could your husband possibly work a part-tine job along with his full-time job to earn added income?

Need help with court date

My background info: I’m going through a divorce and need to file bankruptcy, but I haven’t been able to start because I have to pay the attorney $1300 so I’ve been making monthly pmts to him. Most of the creditors stopped bugging me when I gave them his phone number, but…

**I have one creditor taking me to court. It’s not even that much, a little over $1,000.

So I just wanted to know, what do I bring with me to the trial? Should I bring proof of everything that I owe, and the paperwork I got that shows that our house is being forclosed on? Will any of this help? Can I make an arrangement with them at the trial, or will the court say I am too late and give them permission to garnish my wages?

Anyone been through this before?

Trial is tomorrow morning, and although I would love to bury my head in the sand and pretend it isn’t happening, that’s not an option. I need to call up my inner warriors lol.

Thanks for your help!

courtCall your lawyer, if you are making payments to him he should at least tell you what to do, if not call the court clerks office, explain your situation You may be able to file an extension.

After you file BK all judgements, liens and garnishments are stopped. So hurrry up to get the lump sum to the lawyer, I’m assuming you aren’t paying any other creditors.

Are you chap 13 or 7, if its 13 why isn’t the lawyer just putting his fee into you chap 13? Hope that helps, good luck, go warrior go,:)

Maybe your attorney can help you and give you advice??