Talk to me about personal bankruptcy

[Anonymous]

Anonymous wrote:

Anonymous wrote:1. Is this the listing with the spot? http://washingtondc.craigslist.org/doc/apa/4178472868.html It's a spot alright - a light spot from the odd shadows created in a dark basement. It's not a stain. I work in lighting design, so trust me on this.

2. I'm 95% sure that if you attempt to declare bankruptcy and it comes to light that you make enough to pay your loans, that you're actually saving a bunch of money, and that you have a steady job you won't be allowed to declare, let along discharge any debt. That's common sense. Otherwise, everyone who doesn't want to pay loans or debt would declare. Because that's what's happening; you don't want to pay it, you want to save instead. I get it, but it's not going to fly.

3. To that end, we have an $800/month loan payment on a $110 income, so I do get it. We just don't save. It sucks. It feels awful. But it is what it is. Bankruptcy isn't an option. But selling your car, moving to a place with communal laundry, or making other changes are all viable options.

4. Lose the 'tude.

5. Bitch bye.

So you have no experience with bankruptcy? Thanks for emmmm nothing.

I actually do, in that I was deluded and frustrated enough to look into it, and in short, the answer is that you'd never be allowed to declare. You make too much. You can afford to pay your debts. You're SO WELCOME! No problem!

[Anonymous]

Anonymous wrote:I've updated the possible monthly budget based on updated info on student loan payments, food expenses. I kept the $1500 apartment, as it's been shown many times over that she can find one in the city. I've nixed retirement savings. After expenses, she still has $1750 a month to spend. Maybe she is doing crack.

Student Loan Person Per Month
Gross Salary $10,833
Taxes - STate and Fed $2,956
FICA $745
Health Insurance $300
Net income $6,833

Expenses
Student Loans $900
Housing $1,500
Child Care $1,200
Food $400
Utilities $150
Car Note $350
Clothes $100
Gas $100
car insurance $83
Phone $60
MIsc $240


Total Expenses $5,083
Net $1,750

Nice try PP, but you're wasting your time with this one.

[Anonymous]

Anonymous wrote:I've updated the possible monthly budget based on updated info on student loan payments, food expenses. I kept the $1500 apartment, as it's been shown many times over that she can find one in the city. I've nixed retirement savings. After expenses, she still has $1750 a month to spend. Maybe she is doing crack.

Student Loan Person Per Month
Gross Salary $10,833
Taxes - STate and Fed $2,956
FICA $745
Health Insurance $300
Net income $6,833

Expenses
Student Loans $900
Housing $1,500
Child Care $1,200
Food $400
Utilities $150
Car Note $350
Clothes $100
Gas $100
car insurance $83
Phone $60
MIsc $240


Total Expenses $5,083
Net $1,750

I'm glad this is so funny to you. I'm terrified. FWIW you are still of by about 2k on my take home. Which makes me think my withholdings are off. What state are you using? What withholding fed exemption?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I've updated the possible monthly budget based on updated info on student loan payments, food expenses. I kept the $1500 apartment, as it's been shown many times over that she can find one in the city. I've nixed retirement savings. After expenses, she still has $1750 a month to spend. Maybe she is doing crack.

Student Loan Person Per Month
Gross Salary $10,833
Taxes - STate and Fed $2,956
FICA $745
Health Insurance $300
Net income $6,833

Expenses
Student Loans $900
Housing $1,500
Child Care $1,200
Food $400
Utilities $150
Car Note $350
Clothes $100
Gas $100
car insurance $83
Phone $60
MIsc $240


Total Expenses $5,083
Net $1,750

I'm glad this is so funny to you. I'm terrified. FWIW you are still of by about 2k on my take home. Which makes me think my withholdings are off. What state are you using? What withholding fed exemption?

My take home is 5200 with proper withholding, family health insurance is 420 a mo., also have dental at 26.
While the dependent care and heal are savings are optional every financial person I've spoken with in real life has said I need them. When I reduce my retirement savings it is eaten by fed tax.

[Anonymous]

Health not heal savings

[Anonymous]

OP I'm not sure you really want help. You want to complain. If you can afford to max out retirement, you can afford to pay your loan. You could move to a less expensive place but you find something wrong with every single one.

You won't be able to declare bankruptcy so you need to find and accept another solution.

Maybe you could try talking face to face with a financial adviser.

[Anonymous]

OP,

DH and I lived in a one-bedroom apartment in downtown Silver Spring with 2 young children... and a laundry down the hall, that I would walk to with my infant strapped to me or a toddler held by the hand. It's easy to do compared to all the other parenting issues you will face.

So buck up and do what you have to do.

[Anonymous]

Anonymous wrote:OP I'm not sure you really want help. You want to complain. If you can afford to max out retirement, you can afford to pay your loan. You could move to a less expensive place but you find something wrong with every single one.

You won't be able to declare bankruptcy so you need to find and accept another solution.

Maybe you could try talking face to face with a financial adviser.

I don't. I asked about discharging private loans. All the notitall chimed in with other shit.
And my actual questions, even when I followed up to the notitalls have been poo poo'd and mocked.
No wonder everybody hates DC.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:1. Is this the listing with the spot? http://washingtondc.craigslist.org/doc/apa/4178472868.html It's a spot alright - a light spot from the odd shadows created in a dark basement. It's not a stain. I work in lighting design, so trust me on this.

2. I'm 95% sure that if you attempt to declare bankruptcy and it comes to light that you make enough to pay your loans, that you're actually saving a bunch of money, and that you have a steady job you won't be allowed to declare, let along discharge any debt. That's common sense. Otherwise, everyone who doesn't want to pay loans or debt would declare. Because that's what's happening; you don't want to pay it, you want to save instead. I get it, but it's not going to fly.

3. To that end, we have an $800/month loan payment on a $110 income, so I do get it. We just don't save. It sucks. It feels awful. But it is what it is. Bankruptcy isn't an option. But selling your car, moving to a place with communal laundry, or making other changes are all viable options.

4. Lose the 'tude.

5. Bitch bye.

So you have no experience with bankruptcy? Thanks for emmmm nothing.

I actually do, in that I was deluded and frustrated enough to look into it, and in short, the answer is that you'd never be allowed to declare. You make too much. You can afford to pay your debts. You're SO WELCOME! No problem!

Well you are an idiot because we. All know plenty if people who have made a lot more that have filed because of a lot less.
I'm guessing you never actually spoke with an attorney. Please don't bother answering. As you so clearly pointed out I don't want guidance at least not from you.

[Anonymous]

We all know plenty of people...

[Anonymous]

Anonymous wrote:
OP,

DH and I lived in a one-bedroom apartment in downtown Silver Spring with 2 young children... and a laundry down the hall, that I would walk to with my infant strapped to me or a toddler held by the hand. It's easy to do compared to all the other parenting issues you will face.

So buck up and do what you have to do.

Oh so your husband watched your other child. I think your full of shit. You left the kids with him or he got the laundry. No way a hoity toity dcum WOH mom carried her kid to a building laundry room unless the kid happened to be asleep in its Bjorn.

[Anonymous]

OP- if you think everyone here is wrong, why don't you
sTop posting and go talk to a bankruptcy lawyer. That's the only way you'll get an answer you believe.

[Anonymous]

I am single mom also and what you want is a married lifestyle. So either get married or quit complaining and deal.

At $130k,in this area, married or single, everyone makes lifestyle choices and you will have to do the same. It's not financially possible for someone to rent in DC with a building with all amenities AND have affordable daycare AND have a hefty car payment AND save a lot for retirement,etc on just that salary alone. You need to stop saying that everything is not possible and instead list your priorities and take the top couple. If you must live in DC and just must have affordable child care, then you must be willing to give up something else. No amount of bitching, whining about your family who bailed on helping, snarking comments to helpful posters, etc will ever change the facts.

And yes, I understand that not having laundry in our home sucks with a toddler but it can easily be done. I know, I did it. It takes a bit of planning to get a routine but you figure out when you can do it on the weekends with kid in tow and you buy an extra outfit or two to make sure there is always clean clothes but no laundry in a unit is not the end of the world and you wont die and your kid wont be 2 forever.

And lastly, you won't likely make it through bankruptcy in the way you believe you could as you do have the ability to repay. As for your loan, through bankruptcy at your salary, they might give you lower payments but the won't discharge and if you can't deal with the comments here about budget and lifestyle, how will you deal with them from a lawyer and judge? To get through bankruptcy, you will need to detail your budget and assets and they can question your choices and decide for you that they you should spend x dollars on something and then calculate on those amounts.

[Anonymous]

OP, I did the budget for you (DC taxes). It shows that you have $1750 to do what you want with - now it's up to YOU to figure out how to allocate it. I'd suggest getting your retirement match, but that's it on retirement. I'd figure out with holdings once at the beginning of the year, and let it go. Your goal is to owe no taxes, and get none back. Don't waste time changing it every month - that's a waste of time and recipe for disaster, unless your situation changes (you buy a house, have another baby, etc. that affects your tax situation). I'd also pay off my loans aggressively.

That all said, it's up to YOU have to figure out where your money is really going. You can use Mint.com to figure it out easily. Then YOU have to make decisions on where to allocate it. You have plenty to make it all work.

And I'd suggest taking a serious look at yourself and why you are so angry and why you beg for advice and then won't take it. This attitude will be much more detrimental to your child than a little mold.

[Anonymous]

17:31 upthread asked me if I was white. Don't know if it was OP. I'm the Brookland poster. Yes, I'm white. So are the two people I have known who have lived in the Brookland apartments. Both have college or masters degrees too.

But OP has stated she does not want help with ber budget oe living situation, though its clear bankruptcy won't help her. Oh well.