When I started this blog, I was happy to be sharing my experience of debt settlement with others. Obviously, with the economy the way it is and with the debt we had-it became impossible to save for any kind of settlement.
I got some good pointers and met some nice people along my journey with this blog. As anybody reading this knows, I have decided to file for Bankruptcy and start over. I did get a few emails and comments telling me that I was making a HUGE MISTAKE. At first I thought that too. However, after reading through other stories and blogs of people in similar positions, I realize filing Bankruptcy is the best option for us. Some people are doing great with their settlements and I applaud them. Some people have depleted their retirement and 401k’s to pay off creditors and it just confuses me. I don’t want to be 70 years old and depending on working and Social Security just to cover my necessities! I am 31 years old now and if I get through this Bankruptcy then I will have a fresh start. I will make sure to invest in our future and stay away from any kind of credit. I have learned my lesson!
Some people will say filing BK is taking the easy way out-OK I can take that. But before anyone judges ANYONE for filing, look at their situation as an individual. Most of us did not get here for frivolous spending but rather on medical and family emergencies/issues.
Right now the economy is very scary…very scary. I do not see it getting better anytime soon. I hope it would but that is just wishful thinking. I am very sad as I see small business owners closing shop and even the bigger companies closing it’s doors. Jobs are being lost everyday. People are losing their homes, their cars and their security. Times are very tough. I feel that writing this blog about my “debt problems” is minimal to what so many others are facing out there. I am filing bankruptcy and putting it behind me. There is not much more to write about on that.
This is my last post and eventually this blog will be deleted.
I wish everyone well and good luck in all your journeys! 
you probably won’t put all the money habits that got you there behind you. and that’s a reason to keep the blog going. why do you think i read all these blogs? learning to save is a work in prgress. bk won’t teach you what you need to learn.
John,
I always thank you for your comments and I know I took your advice on one smart move and that was not to move to a more expensive place! I am actually glad I didn’t because I actually found a cheaper place…a lot cheaper that includes most utilities. Unfortunately my lease does not expire until September. That will give me time anyway until the BK is discharged. Hopefully I can find an even better deal out there.
This blog definitely helps me out emotionally and helps keep me accountable. I just feel like with all that is going on in the world today, my debt problems don’t seem so bad. No doubt debt is bad-IT SUCKS but not having food or a roof over my head could be worse. I suppose if I don’t keep writing or reading the blogs-I could end up in financial trouble again. Given everything we have gone through-I don’t think so but you never can say never.
Maybe I will keep it up? Hmmm?
Thanks again for giving my the kick in my rear I seem to always need these days.