I'll finally be able to buy some guns this year! Have to pay cash, though.
I love you, Glock 27! I'm sorry I ever parted with you. I'll be there soon! It's OK!

I committed bankruptcy back about 8-9 years ago. You`ll get a bunch of credit cards offers at enormous % rates, dont do it.
All in all it helped me and being in California I dont mind getting a little back from the gov.

It's to bad you could not have paid back your bills with the 'cash' you will be spending on  guns.  'We' will be paying it back for you. (not the state of CA)

A little rain on this bankruptcy parade . . . doesn't Salt's bankruptcy cause MY interest rates to go up?  Grrrrr . . .

In other words I can afford to put fewer guns on the plastic because some people can't manage their credit.  :(

yes, C Ranger....it does.  The rest of us who 'pay' our bills make up for those wh don't.  The only way to avoid this is to pay your ballance off every month.

To me, Bankruptcy only 'rules' when you have to declare it for Medical Bill/Health reasons.........

There are other reasons to commit BK.
I lost my a$$ in real estate crash of 1990. I was spec building and the prices dropped in half. I lost 70,000 dollars. in one deal. I have and had a family and it was the only way I could see out of a bad business deal. I want to personally thank you for the money that came out of your pocket to bail me out. Btw no credit cards were erased as I never use them for anything other than emergencies. I have never taken money from welfare or unemployment and do not take lightly taking money from the gov. I bought zero weapons for 5 years after trying to get back on my feet.

Managing has little to do with it. Chevrolet has a large part to do with it. I got majorly screwed on an extended warranty I purchased with my Chevy 1500 in 1998. The entire engine crapped out at 74,000 miles (I always took excellent care of the vehicle). The new Vortec engine cost me $4,000.00, none of which the 'extended' warranty covered. Also had major repairs on a Ford escort, and large expenses on the house. All of this occured in 2000. These do not sit well when you live paycheck to paycheck.
Like Rich314, I have never taken from the Welfare or Unemployment systems. Life has not been perfect for me, but I'm happy that I get a fresh start. And you can bet your sweet a$$ I will replace my Glock by the year's end. In cash.

When my first son was born he weighed 1 lb 12 oz. and was 12" tall.  Stayed on a ventilator for 1 month before he could breath on his own. 3 months in the hospital.  No insurance.  Made "too much" for welfare help, I won't start that arguement.  $212,000 bucks owed afterwards.  I couldn't pay that even in payments.  We are talking about 22 different doctors, hospitals, surgeons, all kinds of bills.  None of these including my wifes bills.


I had the entire vaginal birth pregancy paid for when this happened.



You CANNOT plan for everything and when you need a break like this, sometimes bankruptcy is the only option period.

Been there, done that!

Several years ago, I was critically injured in a mountain climbing accident ([i]it wasn't the fall, but rather than landing![/i]).

The medical bills completely wiped out our savings and were still coming in faster than we could possibly keep up.  Not being able to return to work for several months, we were forced to live on plastic...

We filed for "protection" which allowed us to erase our medical bills, yet work with the other creditors to re-pay them, without interest, over an extended period of time ([i]much the same as Consumer Credit Counseling negotiates[/i]).  We went so far as to even pay for the debts our attorney told us not to deal with, because it was OUR debt.

Did we like having to do that..?  Hell no!

Am I glad we did..?  Hell yes!

7 years after the fact, we now have re-established credit, own a beautiful home and look back everyday to where we once were.  We learned from our mistakes, but medical catastrophies simply can't be planned for.

The medical bills from 3 days in "Neuroligical ICU", LifeFlight, CT Scans, Trauma Team and Specialists were well in excess of $30,000 dollars.  That was just the first 3 days before being released!  Twice a week we had to drive the 300 mile round trip to a Specialists office in another state, due to the severity and type of injury to my spine and leg.  This went on for months, and the bills kept piling on!


* Unfortunately, from what I have heard from others, the path that we took through the bankruptcy system is no longer available.  It's a total sweep other than home/auto, without the "re-negotiation" option that we utilized.

"You CANNOT plan for everything and when you need a break like this, sometimes bankruptcy is the only option period."
Thanks GWIGG.
I am just happy becuase the dread of going to the mailbox, writting checks, playing the answering machine when I got home from work, and the feeling of being completely overwhelmed and not being able to buy groceries is gone. It had taken its toll on my blood pressure, my heart, and my marraige.

I negotiated my house and vehicles.  And When the phone rang I gave them all my lawyers phone #.  That felt good!

Our attorney told us that typically anything under $17,500 is a total waste to file on...  It will destroy you when that "small" amount is barely considered having any debt.  We were in the high 40's, and they still considered that to be relatively small!

We were told horror stories of guys that would go all out on the construction of a new home in the $300k range, park a couple new $40k cars in the driveway, then file 6 months later, like clockwork!  Total charge-offs, but where your home and autos are untouchable.