Bankruptcy almost destroyed me!

Hi there Guys.

I’ve been reading a lot of your postings just now about financial problems and bankruptcy, and a number of them really remind me of my experiences. Been there, got the t-shirt! I know that a lot of you at present must be feeling very low and depressed, but take it from me, things will get better!

I was born in the US, but moved to the UK when I was 15 with my parents, as my father was forced to move with work. 3 years later we moved back to the US full time, and that’s were my money problems really began. 7 years later, I was in a horrible mess financially, and it’s only been in the last 3 months that things have improved for me!

To be honest I was very low. And I felt really frustrated as I had no clue what most of the ‘bankruptcy terms’ meant! The more I tried to get advice on the matter, the more I was drowning in a sea of procedures I had no clue about (chapter 13 or 7, how many years does it really take, etc!!)! I helped me a lot by reading those official bankruptcy leaflets you can get. It may or may not help you.

There area a few websites also which are really good. I can’t remember the address of the one I visited all the time at the moment though, but i’ll have a look in my folders later and get back to you with the address.

But, as I said before, you can come through this experience in your life a better and stronger person. Please feel free to contact me if you want. I know what your going through!

thanks for the encouragement, i am very depressed now sue to my credit card debts and burdensome interest charges, our APR is 42% my net earnings is not enough even for our very basic needs , how can i reduce my almost US$15,000 debt.