- 3 years ago
- Wedding: September 2016
Hi bees. I debated going anon for this but I’m not a huge huge poster, so whatevs I guess.
SHORT VERSION: I truly believe because how young we are and because a house is our goal but not going to be plausable for probably 7-10 years due to needing to finish school and build a savings and down payment, I believe filling chapter 7 bankruptcy is best for at least my FI, and potentially me as well, but definitely him.
AND I’m looking for input from bees who have filed.
Do you regret it?
How old were you when you filed?
When did you buy a house? Things like that.
LONG VERSION WITH MY PERSONAL DETAILS
I’m 21, FI is 24. I’m 5 months pregnat due Dec 21st; but expecting a Nov delivery due to many many complications, and I will likely be facing major major liver surgery after baby, I’m hoping to post pone until after 3 months when baby is a little better about eating and will take bottles good with daddy and such.
Im going to try to keep this short, but I’ll add any details you may request! FI has about 20k of a debt from medical bills due to no insurance and all before we met. He has a lawsuit against him from one of them that is requesting wage garnishments, and they were granted. They have been trying to take his money and have not been successful because of no steady income. He finally is working steady and they will soon refile and I’m sure be granted the money they are requesting, which will be devastating to us financially.
Due to money hardship, we have moved to a small small town to live with his gpa/gpa’s gf to save money. So we basically have no rent, 60 bucks for the increased bills she has to pay. I’m currently getting some food support due to being pregnant. I am hoping to hear back from a place tmrw about a part time job minimum wage 7.25 and anywhere from 20-40 hours a week.
I also have about 10k debt from credit cards and an old phone bill. plus about 15k from school so far.
Filling bankruptcy seems like the best option after speaking with a lawyer about it, he agreed my FI has the profile of a good candidate. With a child coming and the wage garnishments threatening us, we cant afford to lose that money. I also cannot imagine the payments we would have to make at MINIMUM, and never get anywhere… and to try and afford all that AND go to school to get a better income. It just does not seem plausable.
I’m open to any tips you have or experience in the matters. I would love to hear feedback from people who have filled.
When did you file? (age)
When were you able to buy a house/get a mortgage?
Do you regret it or was it the right thing to do?