Comments on: Debt Update After Bankrupcty: $303,832.98

By: McCane

McCane — Wed, 04 Jun 2008 05:49:41 +0000

Disregard that last posting, I just read the “My Story” page…

By: McCane

McCane — Wed, 04 Jun 2008 05:45:04 +0000

Hm, I’m not sure if debt to your mom counts as “official” debt. How did you get so deeply in debt to your mother? Does that debt include the cost of every jar of baby food that you ate as a child? And the diapers? All of your food and living expenses though your 18th birthday? The rent that you were *supposed* to be paying but couldn’t during your High School years? Or was it “legitimate” debt for something significant? Is there a note with an interest rate? What was the money lent for? *IF* it does qualify as “legitimate” debt, it would definitely be “unsecured” as I’m sure that she was lending to you based on your Wonderful qualities, nice smile, trustworthy nature, etc. etc. etc. and she will probably be willing to forgive such debt based on the same.

By: Somas.

Somas. — Mon, 12 May 2008 13:14:52 +0000

Somas….

Somas….

By: Jason

Jason — Mon, 28 Jan 2008 06:57:24 +0000

Wow, I’d wonder how u managed to get 145k from your own mom and got a car loan at the same time. Your mom must be some rich executive who makes 6 figures. I’d figure that your mom would have paid for it…

By: Ricky D.

Ricky D. — Fri, 21 Dec 2007 02:20:14 +0000

I had some questions with respect with the wellsfargo creidt line. Do you know if they offer a hardship program and if so how do I go about getting into it. Do you know how long it was before the your personal credit report was effected by your late pays or did anyone report. Did your negotiate the payoffs or did the bankruptcy courts deceide for you.

By: Profiling Debt: Some Thoughts On Handling A Heavy Debt Load

Profiling Debt: Some Thoughts On Handling A Heavy Debt Load — Tue, 18 Dec 2007 16:39:08 +0000

[...] and lost money with stock plays, options and foreign currency trading over the last three years. Debt Kid has declared bankruptcy, but vows to turn things around while sharing his feelings over his situation via his blog. [...]

By: bill

bill — Tue, 11 Dec 2007 22:35:06 +0000

I’m sorry debtkid, I think I have torette’s. I didn’t mean to say such a mean thing. Hope your life goes better for you soon.

By: Lost Cause

Lost Cause — Mon, 10 Dec 2007 08:02:39 +0000

OK, DebtKid. When the going gets tough, the tough get going. Hopefully, a supportive girlfriend will help you overcome your situation. This might be a good test of your earning capacity, an important contribution to a happy family life.

You need to focus on one of these debts, and then cross them off the list.

Buy a used car or take public transit. Better yet, ride a bike. Insurance is not cheap, and neither is gas.

It is the end of the year, the perfect time to re-evaluate your strategy. No pain, no gain.

Once you pay off all of this, you can focus your hard-learned frugal habits into purchasing real estate or other commodities. You have been given a rare opportunity. You are a lucky man.

By: Jim

Jim — Sun, 09 Dec 2007 04:42:30 +0000

DK I’m interested in what your net worth might actually be. You have a ton of debt but what kind of assets do you have? That business and its profitability must stand for something. The vast majority of your debt is unsecured, and half of that appears to be owed to your Mom. Something has to be done about the car too because you’re in no position to make monthly car payments. For some time you had sacrificed by living in your office, how difficult would it be to get rid of the car?

Bankruptcy is probably the best thing you can do in your current situation. It won’t be able to help your Mom but it will take away other debt preventing you from paying her back. I don’t know what else you can do here but this mess is holding up your life.

By: debt kid

debt kid — Sat, 08 Dec 2007 08:48:53 +0000

Chris, I agree, I should know every penny that I owe. The issue with what I owe my mother is that I need to go through about 3 years worth of trading records. It’s going to take some time. I will get an exact number soon.

And my “dating” has been cheap. Tonite I just went to a Christmas party with the girl. (cost: free). Dating doesn’t need to be expensive. Heck, check out the post I did for Lending Club this week:

http://blog.lendingclub.com/2007/12/06/7-dating-tips-ideas-for-how-to-save-money/

Too be honest though….tonite was awful. I honestly just feel like crying. The girl I’m interested in is wonderful, it was just a really bad night, and I’m exhausted and frustrated. And I really want something to happen with this girl, but I just don’t know if it can because of how I feel about ALL this crap. I don’t know.

I think I may go back to the counselor I was seeing earlier in the year. Anyway, hmmmphh, I’m off to bed.