It looks like bankruptcy is imminent (long)

**Daisygirl** · 12-27-2010, 05:44 PM

I used to post on here often, but I've dealth with a lot over the past year and pretty well vanished. To introduce myself, I'm a single mom of two girls. A couple of years ago, I would have said that I had it "all". Despite a nasty divorce, I had purchased a cute little house on my own, was leasing a current model year vehicle and had a great job.

One thing piled on top of another, leading me to the place I am now. They said the average North American is only 2 paycheques away from homelessness and I say there but for the grace of God go I.

First, my beloved dad got sick. I took a leave of absence from work to help take care of him on two seperate occasions turing his illenss. I began to get behind on my bills and put aside paying my property taxes to try and catch up.

After a 6 months illness, dad passed away. I took another leave from work to help my mom get settled after his loss. When I went back to work, I was miserable and crabby and my performance declined dramatically. At this point I was even further behind on my bills than ever.

I made the terrible decision to borrow $40K and start a business, whichh was the beginning of the end for me. Instead of starting the business while still working full time, I got ticked off and walked out of my job. I now had no income whatsoever.

My business failed abysmally in a record-setting 3 months. My depression had plummeted to new levels of lows and I could hardly function. I went on welfare.

It took me another six months to pull myself out of the horrible depression I was in. During that time, I realized I was really in trouble and put my house on the market. I got rehired at my old job, tank goodness, and now had an income coming in again.

But it was all too late to save my financial situation. My house has been on the market since May but hasn't sold. I gave back my leased vehicle and bought a cheap $1000 vehicle to get back in forth to work. The whole world seems to be taking collection actions against me and I owe over $170,000. I bring home just over 2400 a month and have left my house - I don't want to be "escorted out" by the sheriff when the bank forecloses.

So, that's my story. Right now, I'm living like a criminal, as off the grid as possible so the bill collectors don't find me again. The bill collectors - they are like terrorists - scary threats and complete humilation is their stock in trade. Don't even get me started...... I also feel like a criminal because all of that money was money I promised to pay back. Life sure doesn't turn out how you plan.

**thesightofoneself** · 12-27-2010, 05:54 PM

sorry to hear about all your trouble. i hope fv can help you find your way

**MissSeetonFan** · 12-27-2010, 06:00 PM

Good luck with it all. Sounds like you've had a bum deal!

Even if you declare bankruptcy, you will probably still be dealing with the creditors to some extent. Does Canada have the similar laws on debt collections that the US does? Harassment and humiliation shouldn't be allowed. Dave Ramsey recommends that when debt collectors call and act like that, you quote the law back to them and if they still act like that you tell them straight up, "I'll talk to you when you are polite" and then hang up. Also demand everything in writing by certified mail. If they know you are serious about documenting things including their treatment of you, then they may clean up their act a bit.

**rskmom** · 12-27-2010, 06:40 PM

(((hugs))))

**McD** · 12-27-2010, 07:38 PM

Glad you are back Daisygirl. We missed you around here and I thought about you and your girls often.

No good words of advice, just glad you are back.

**joyofsix** · 12-27-2010, 07:50 PM

I've wondered about you lots of times. Sorry things have been so bad

**mamachop** · 12-27-2010, 07:56 PM

I hope things turn around for you soon! Until then, sending hugs & prayers your way!

**auntie2many** · 12-27-2010, 08:04 PM

You have been missed here on FV. Here is a (((hug))) for you and your two beautiful children. I will say a prayer for you tonight before bedtime.

A2M

**Daisygirl** · 12-27-2010, 08:05 PM

Thank you for the warm welcome back!

I'm doing better in a lot of ways - it's time to pull myself together and get back on my feet. I've done it before and I can do it again. This is just the tough part - the "giving up."

**{Jenny}** · 12-27-2010, 08:28 PM

So sorry to hear all that you have been thru. My best wishes to you.

**onencgirl** · 12-27-2010, 08:51 PM

Hang in there sweetie.

**Mom23boys** · 12-27-2010, 09:05 PM

Originally Posted by Daisygirl

I'm doing better in a lot of ways - it's time to pull myself together and get back on my feet. I've done it before and I can do it again.

Yes you can! You are a strong woman that has been able to get out of a bad situation before and will get out of this bad situation as well.

**dcompton** · 12-27-2010, 10:19 PM

Oh, Daisygirl, I am so sorry. I've missed you here and have often wondered how you and the girls were getting on. It's distressing to hear you have had such a nightmare of a time.

It seems that when troubles start, they come in heaps. All I can say is ... one day at a time. You will get through this, as horrible as it is right now.