"Settling A Debt After Summons" Discussion

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One of the things to consider is whether you could repay your current unsecured debt in 5 years if nothing at all changes about your income, the balances, or the interest rates. Of course, timing plays a role here too. It's not ok to run up more CC debt than one can handle and then turn around to file bankruptcy. But that's not the same thing as dealing with a mistake from your past by seeking protection in bankruptcy court now. 

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https://upsolve.org/learn/pros-cons-filing-chapter-7-bankruptcy/ is a good place to start! 

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Devyn, I commend you for being REAL! The first step is acknowledging that some poor choices were made along the way. Very few would admit that, yet we ALL have made some poor choices during our life journey. I am reading GREAT NEWS in your post because you KNOW who it is up to learn new habits, such as setting up a budget and STICKING TO IT.  Since I filed Chapter 7 in 2020, I have "raised" $30,000 by pivoting and working side gigs. Sure, I was the beneficiary of the Stimulus payments, but that same $25K (the debt you say you have) was "raised" in less than a couple of years' time. We are all different animals in how we live life, but I will give you a personal opinion based on your intelligent post that you can pay that off. That's just my opinion! Good luck in making your decisions ahead. :-).  P.S. There is a https://my.upsolve.org/rooms/19 forum section in this Community that just opened. I look forward to seeing you there!  

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Rebecca, I'm rooting for you. Thanks for coming here.

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Thank you so much Rohan, it really means a lot to hear that. 

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I'm so sorry about the loss of your parents and my heart goes out to you. Losing loved ones is so painful, and the pain of not being able to control everything around us just adds to the ache and sense of loss. I'm glad you keep hope in your heart. I always felt hope was a grounding factor, like a stabilizer. You can stand on hope when the world around you is swirling and it can help you see.  I'm glad you have a job and a place to stay, and I hope you find joy in fond memories and new adventures.  New adventures are bound to happen when you feel lost. :) I wish you much joy on your new path! Hugs! 

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Rebecca, I want to take your first SENTENCE and respond. Jacqueline and others have expressed condolences empathy for your recent loss. I join them. First, the OVERWHELMED word: It is so easy to get overwhelmed right now, especially after going through what you have but it is important that you take care of yourself and LOVE yourself. I mean it. Because it's the next word you use: ASHAMED, that I am asking you to drop. Life includes making mistakes at times. Sometimes we don't make the right decisions but what is left out so often is more often we do things RIGHT.  LIFE HAPPENS. There is NO SHAME in bankruptcy but if you feel you made some mistakes that led to your position RIGHT NOW, you can join ME and others in resolving to do something about it. You are going through a lot but this is YOUR OPPORTUNITY for a FRESH START -- a new day --- and you will need to do YOUR PART. This Community will help you conquer the bankruptcy "overwhelmed" part. Take this slowly and one step at a time! I don't know about you, but I can't focus or think clearly when I am deeply stressed! As for feeling ashamed, you will feel a lot better to be surrounded by folks who have similar stories and are rebuilding and learning how to control their finances through budgeting, setting up a "Life Happens Fund", and getting into a NEW HABIT of budgeting and knowing where every penny is! Even if you are paycheck to paycheck (like me), I sleep better at night because I can plan and live according to my budget. One more thing: budget doesn't mean just paying bills. That's boring. By retaking control, you will be able to restore joy and have some fun! Good luck! :-). 

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....and all of HIS is his responsibility, right? Setting expectations and sorting out finances while arranging lives together is a good idea IMO and shows organization and responsibility. I'm sure you are loving Upsolve! :-)

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Whether you list your spouse's information will still, generally speaking, depend on the bankruptcy laws and rules 

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You can learn more here! https://upsolve.org/learn/responsible-spouse-debt/ 

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That is good to know! Thank you!

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What fileing papers I have to fill out

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Date just that one sheet

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I'm sorry Walter - did you have a question?

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Do you know if you need your bankruptcy paperwork faster than the dates available due to an extreme situation is that even possible? Thanks, Tony 

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Also is there a link for setting up your email for the court notice? I tried to clink the blue lettering saying: Getting your bankruptcy court notice via email and it does do anything. Thanks, Tony 

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I fixed the second question. I opened the page. it was a setting.

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YES! I call it a "do-over" or "mulligan". No matter WHAT circumstances got us here, it's now our opportunity for a FRESH START and to learn strict budgeting, setting up a "Life Happens Fund" (rainy day), and getting daily control so wise decisions are made. Good luck --- plenty of karma pointed at you, Lisa! :-) 

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Love your energy, Lisa. Thank you for making this community a better place with it.

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So glad you're here <3