bankruptcy

[satchelmcqueen]

just curious if anyone here has a story to share about someone they know personally who has filled for bankruptcy even though they could have paid their bills anyway if they just tried.

i have someone very close to me who is about 55yrs old who spends their $13hr they make like they are a millionaire. this person is always going on trips, buying wine, driving everywhere, seeing plays, buying pictures, going out to eat several times a month etc.... yet they hav just filled for bankruptcy because they have finally saw that paying their bills will take very strict living and their fun will be gone for the most part.

this person makes a little more than me each month, yet i own 2 homes, 2 cars and have zero debt. this person has a new car, a home gave to them 15yrs ago, and has no kids or is married. she could stretch her money way more than me as i have kids.

im so disgusted by her filling that i am missing many points here in my post...its just hard to think through the anger, knowing that she files for this, yet NOTHING in her spending habits have changed!! i have done many side jobs for this person for very little money and then it turned into free work until i stopped. i just couldnt stand after i redone her hardwood floors for free (because i was guilted into it) that the next month she took a $900 trip to the southern part of the state.

the thing that burns me on this is that she put herself in all of this debt and now that it has come to her realizing she now must pay for it, she is going to just file and let someone else eat the costs. this person is a very close family member, but now i cant even be around her without almost telling her how sorry i think she is for doing this. enough venting i guess..


anyone else have a story?

 

[Ronin Truth]

The bankruptcy system is there in order to be abused, otherwise it would be handled much differently.

 

[tod evans]

anyone else have a story?

Not bankruptcy related but in tune with your floor story..

A couple from church was "down on their luck" and needed a new home with minimal income, one parishioner donated 10 acres and another his doser and labor and poof there's "improved property"....

Off the couple goes to the bank and borrows to install a well and septic, then to dig a hole and pour a foundation, many parishioners including myself either donated labor or materials or both inspite of our own hardships...

Well about the time these folks get ready to move in the wife gets into a minor fender bender but it's enough for the insurance company to total her car, nothing fancy but she carried full coverage. Within a week her car was replaced by a dealer demo, his truck by a 3 y/o 4-WD and she was languishing on the beach in Cabo sipping Mai-Tai's because building a house was so stressful.......

These people work for the church.......

 

[oyarde]

Not bankruptcy related but in tune with your floor story..

A couple from church was "down on their luck" and needed a new home with minimal income, one parishioner donated 10 acres and another his doser and labor and poof there's "improved property"....

Off the couple goes to the bank and borrows to install a well and septic, then to dig a hole and pour a foundation, many parishioners including myself either donated labor or materials or both inspite of our own hardships...

Well about the time these folks get ready to move in the wife gets into a minor fender bender but it's enough for the insurance company to total her car, nothing fancy but she carried full coverage. Within a week her car was replaced by a dealer demo, his truck by a 3 y/o 4-WD and she was languishing on the beach in Cabo sipping Mai-Tai's because building a house was so stressful.......

These people work for the church.......

Cabo San Lucas .WTF .

 

[satchelmcqueen]

yep on the same story...this person now has just had internet turned on at her house with a package i wouldnt spend the money on if i could. and next week shes upping her cable package. i was pretty much told this morning that i needed to go install her modem, because i knew how and she didnt have the money to pay for the install.

long story short, im sitting here typing this message by myself because i said no. warm blanket, cup of nice chocolate coffee, clear conscience.

fuck em i say lol

 

[KCIndy]

Not bankruptcy related but in tune with your floor story..

A couple from church was "down on their luck" and needed a new home with minimal income, one parishioner donated 10 acres and another his doser and labor and poof there's "improved property"....

Off the couple goes to the bank and borrows to install a well and septic, then to dig a hole and pour a foundation, many parishioners including myself either donated labor or materials or both inspite of our own hardships...

Well about the time these folks get ready to move in the wife gets into a minor fender bender but it's enough for the insurance company to total her car, nothing fancy but she carried full coverage. Within a week her car was replaced by a dealer demo, his truck by a 3 y/o 4-WD and she was languishing on the beach in Cabo sipping Mai-Tai's because building a house was so stressful.......

These people work for the church.......

As the old saying goes, "No good deed goes unpunished."

I know what sounds more than a little cynical, and many's the time I've caught hell from the wife for popping off with that quote, but after years and years of trying to do my best and help others when I can, I've found that motto to be ever so true.

I still do my best to help people. But I sure don't expect some sort of cosmic reward for my effort; instead I try to brace myself for the next kick in the nuts. If it doesn't come... well, so much the better!

 

[tod evans]

As the old saying goes, "No good deed goes unpunished."

I know what sounds more than a little cynical, and many's the time I've caught hell from the wife for popping off with that quote, but after years and years of trying to do my best and help others when I can, I've found that motto to be ever so true.

I still do my best to help people. But I sure don't expect some sort of cosmic reward for my effort; instead I try to brace myself for the next kick in the nuts. If it doesn't come... well, so much the better!

Oh I'll keep helpin' folks, that's just how I am...

The ones who shit on me won't get any more help though....

 

[VIDEODROME]

Is there no real consequence to their credit rating? Is the slate wiped clean to start all over again?

Seems like people need to stop offering easy credit to these people.

 

[KCIndy]

Oh I'll keep helpin' folks, that's just how I am...

The ones who shit on me won't get any more help though....

Same here.

I'm generally a "hope for the best, but prepare for the worst" sort of person, although I guess I do tend toward pessimism. This tends to aggravate my wife in a couple of different ways. It irks her when I'm cynical....

....and it truly hacks her off when it turns out I've guessed right!

 

[oyarde]

Same here.

I'm generally a "hope for the best, but prepare for the worst" sort of person, although I guess I do tend toward pessimism. This tends to aggravate my wife in a couple of different ways. It irks her when I'm cynical....

....and it truly hacks her off when it turns out I've guessed right!

She will get used to your being correct .

 

[Anti Federalist]

Is there no real consequence to their credit rating? Is the slate wiped clean to start all over again?

Seems like people need to stop offering easy credit to these people.

Hah, yeah right.

This whole rotten system is built on cheap credit and "easy terms".

Now, get out there and consume, damn you.

The banksters have convinced everybody that cash is passe, I see people swiping plastic for a candy bar.

And the banks nick a piece of every transaction.

Since bad credit ruins your dang-an, most sensible people try to pay their bills.

The relatively few deabeats that game the system are written off as "shrink".

 

[presence]

she doesn't owe you the money. why should you give half a shit.

she is going to just file and let someone else eat the costs.

NEVER. FEEL. SORRY. FOR. A. BANK.

 

[heavenlyboy34]

Hah, yeah right.

This whole rotten system is built on cheap credit and "easy terms".

Now, get out there and consume, damn you.

The banksters have convinced everybody that cash is passe, I see people swiping plastic for a candy bar.

And the banks nick a piece of every transaction.

Since bad credit ruins your dang-an, most sensible people try to pay their bills.

The relatively few deabeats that game the system are written off as "shrink".

FWIW, you can't assume every swipe is a credit card. I swipe a debit card all the time. I have zero CC debt. I have a CC, but it sits in my safe in case of catastrophic emergency.

 

[Anti Federalist]

FWIW, you can't assume every swipe is a credit card. I swipe a debit card all the time. I have zero CC debt. I have a CC, but it sits in my safe in case of catastrophic emergency.

The Visa or MC people still nick a piece of every purchase, charged to the retailer, that is just passed along to you as higher costs.

We pay enough as it is to mint money, why not use the damn stuff?

 

[heavenlyboy34]

The Visa or MC people still nick a piece of every purchase, charged to the retailer, that is just passed along to you as higher costs.

We pay enough as it is to mint money, why not use the damn stuff?

1) More convenient 2) Cash is easily stolen by a cop or any other sort of thug. (you've posted a few threads about cops robbing drivers carrying "suspicious" amounts of cash and other BS excuses) Debit cards are password protected.

I could also use checks, but those cost FRNs. I save those for bill-paying. Checkbooks are also annoying to carry around IMO.

 

[Carlybee]

I know someone who refused to get medical insurance (before Obamacare) and got really sick resulting in a long hospital stay. She has a huge hospital bill and pays them $20 a month yet just put a down payment on a $350,000 new home.

 

[Lindsey]

The people I know who have filed for bankruptcy, took on debt to start a business. The business didn't work out, in large part to onerous government regulations. Their "irresponsible spending" was the risk-taking to try to start a business. They claimed bankruptcy, and in a few years started another business. The second business has been open for about 10 years now. They never would've been able to start the second business if the were still paying on the first. Isn't this why we were given the right - so people take chances and grow the economy?

If other people have found that they can use it to escape credit card, medical bills or other debts, is the blame really on them for making use of the system they live in, or is the blame on the people who extend unsecured credit to poor credit risks?

 

[westkyle]

I know someone who refused to get medical insurance (before Obamacare) and got really sick resulting in a long hospital stay. She has a huge hospital bill and pays them $20 a month yet just put a down payment on a $350,000 new home.

What's wrong with that? Who wouldn't do the same thing? I mean, I'd buy a cheaper house to save money, but other than that I would do the exact same thing. American healthcare is to expensive.

 

[Carlybee]

What's wrong with that? Who wouldn't do the same thing? I mean, I'd buy a cheaper house to save money, but other than that I would do the exact same thing. American healthcare is to expensive.

I agree it's too expensive but kind of shitty to expect the hospital to write it off. It is a business. She was in the hospital for 3 months and they saved her life as she was on deaths door when she got there. I'm just saying a lot of people struggle to pay insurance when they can't afford it so they have some sort of catastrophic coverage. She and her husband make over $300,000 a year and I guess expect their healthcare for nothing. How long do you think it takes to pay a half million dollar hospital bill off at $20 a month? The hospital offered to cut the bill in half if she would increase the payment so it would eventually get paid off. Do you think she should get it for free? Apparently she does. Is the hospital supposed to operate on nothing and just give free care? That would end up being subsidized even more by taxpayers. Which makes it socialized medicine. That is exactly the kind of thing that gave legs to Obamacare. There is a charity hospital here..she chose to go to one of the best in the city and they didn't turn her away. Most hospitals will negotiate the bill. You can even claim indigent status and they will write it off but she is not indigent and can afford at least the minimum payment they arranged with her after drastically reducing the bill.

 

[paleocon1]

Stiffing a friend, family member, neighbor or any real person is a serious breech of good character. Stiffing a 14th amendment corporation, a bankster or a government strikes me more as self defense or retaliation for a wrong in many cases.