Exam debt bankruptcy 2004

Manpasand was an accounting fraud with beverages on the side

2024.05.17 10:17 tareekpetareek Manpasand was an accounting fraud with beverages on the side

Manpasand was an accounting fraud with beverages on the side
Original Source: https://boringmoney.in/p/manpasand-an-accounting-fraud (my newsletter Boring Money. Do visit the original link and subscribe if you'd like to receive similar posts directly in your inbox)

Let’s say you’re a company that wants to commit an elaborate fraud. What is the most egregious fraud that you can think of?
Maybe let’s not start with egregious. Let’s start with something simple! Here’s something that’s reasonably common:
  1. Pay people to buy your product (or like give them huge discounts or whatever). Inflate your revenue. Lie about your actual customers.
  2. Hype your company up. Do an IPO, take your company public. Sell some of your own stock.
  3. Slowly try fixing your numbers. If you happen to succeed, that’s great! You win. If you don’t succeed, you still win? You’ve done your IPO and sold some stock. That’s a lot of money.
This is the simple kind of fraud, which also makes it difficult to identify. You might have to talk to the company’s customers, read the fine print in its disclosures, do sanity checks of its financials, that sort of stuff. It’s tough to catch the simple kind of fraud, which is also why so much of it exists in the form of whispers and rumours without ever getting proven.
Now let’s go egregious:
  1. Why pay people to buy your product? Hell, why even have a product? Just manifest in your imagination that there are hundreds of thousands of people buying whatever you’re selling and write it down.
  2. Hype your company up! Do an IPO, sell some stock. This part remains the same.
  3. Don’t bother fixing your numbers. Instead, keep publishing imaginary revenue figures. Keep selling stock to public investors. Publish your financials every quarter with whatever numbers you like.
If you do this, there’s only so far you can go. Eventually, your hype will attract attention and someone might figure out that both your customers and product were creative imagination.
Here’s a SEBI order from late in April about Manpasand Beverages. Manpasand used to be a beverages company based in Gujarat. In 2019 the company shut down because it got caught in a bunch of frauds. It’s only now that SEBI published the details of what was happening. Probably best summarised by fund manager Amit Mantri: [1]
https://preview.redd.it/o85shr8p3y0d1.jpg?width=603&format=pjpg&auto=webp&s=26ace208d28eae2bb2401449f9b1dcc6bd1eefd0

Fake it till you make it (or don’t)

Manpasand faked its revenue (of course). It also faked its expenses, customers, vendors, tax liabilities, etc. How did it get away with doing this stuff? I don’t know, someone’s gotta ask Deloitte. They were Manpasand’s auditor for eight years, resigning only in 2018. The company’s fraud came out officially in 2019—Deloitte, whose job was to make sure the books were right and also had access to all the inside information, figured that something was off only a year earlier!
Anyway, SEBI appointed its own auditor to figure out what was wrong with Manpasand’s accounts and the auditor came back with a bunch of stuff. [2]
Here’s the bit about Manpasand inflating its revenue. From SEBI’s order:
… CGST vide letter dated July 07, 2019, inter alia, informed that Manpasand had shown inflated sales figure in its balance sheet by way of receipt/ supply of fake invoices without actual receipt/ supply of goods. It was further informed in the said letter that Manpasand had floated 38 bogus/paper firms to inflate its turnover and that inward and outward transactions made with such bogus firms amount to Rs.188.48 Crore and Rs. 691.30 Crore, respectively.
Manpasand created 38 different companies and it both “sold” its products to those companies as well as “bought” stuff from some of them. Basically, Manpasand created real companies to play the role of its customers and vendors.
… it was observed that the parties with whom transactions amounting to Rs.29.84 Crore were entered into, were not registered for dealing in the said goods/products being manufactured by the Company. Further, there was non-receipt of sale considerations and debtors balance were adjusted by passing journal entries
Manpasand was a beverages company that was selling stuff to its customers. Traditionally a company like Manpasand might have distributors as customers but Manpasand’s customers were registered as something else entirely (I do wonder what, the order doesn’t mention it). These are fake customers that Manpasand created out of thin air. Establishing companies is quite a bit of effort! Why half-ass the part where you select the “business type”? I sort of understand though. I’ve done it too. Put so much effort into something that you’re bored by the end that you muck it up.
I’m kidding! The real reason is probably that Manpasand wouldn’t have actually created these fake companies itself. There would be a middleman who would have them made in advance, all ready to go whenever needed to do fraud.
Manpasand propped up its sales as well as its expenses by pretty much just funnelling money around from one entity to the other. In some instances, it wouldn’t even move real money around. It would just note down that it had to pay one company, and had to also collect payments from another company, and then cancel each other out. Manpasand was running its accounts on Splitwise.
In general, there is nothing wrong with a company having such set-off arrangements. If you know your creditor owes money to your debtor, sure, cancel those transactions out. But how likely is it that a company’s suppliers and distributors know each other? And transact with each other?
This post is public so feel free to share it.

All except death and taxes

If you’re planning to do some accounting fraud, here’s something to keep in mind. I mean, I’m not not recommending that you do fraud, but if you do have your mind made up I might as well pass this along. Fake your sales, that’s fine. Fake your expenses, that’s fine too. But don’t fake your taxes, those guys will come after you.
In 2019 right before Manpasand shut down, GST officials raided its offices and arrested the CEO, CFO and a director. If you think about it, one of the reasons Manpasand got away with its fraud for as long as it did was that its accounts looked reasonably realistic. Deloitte made sure of that! Manpasand didn’t just arbitrarily put in fake numbers, oh no. It showed transactions to back them up with actual companies.
But any sales or purchases bring with it a cute goods and services tax, and the GST folks don’t care all that much about the fact that your sales are real. They’d like their share anyway. And not the GST you owe them, but because of how GST works, they would also want the GST your vendors (and your vendors’ vendors) might owe them.
GST has this magical thing called “input tax credit” which is basically the GST council giving you magic points every time you pay GST as a customer. Say, you buy some glass to make some marbles. You pay GST when you buy that glass, and you get some magic points. When you sell your freshly manufactured marbles, you collect GST from your customers and can redeem those magic points which you got earlier to reduce the GST you actually pay. (This isn’t tax advice so don’t come after me if you mess up your taxes because of anything you read here.)
These points are nice because they help save tax. But a basic requirement to use these points is that the company you bought your glass from has to have paid their fair share of GST in the first place! You only get the points if they’ve paid their tax! In Manpasand’s case the vendors it was dealing with existed solely for the purpose of enabling accounting fraud. Of course they weren’t going to be paying any tax. And yet Manpasand was claiming the magic points and reducing the GST it paid. These fake magic points is how the GST people figured out that there was something very wrong happening.
If the GST raid hadn’t happened, would Manpasand have survived as a company? Absolutely not. But would it have survived longer than it did? Probably.

Roll over, it’s a takeover

Things have already been a bit bizarre but what follows next is absolutely basket case. Here’s a section of Manpasand’s response to SEBI. From SEBI’s order:
The Company is a victim of a pre-planned, fraudulent scheme and conspiracy perpetrated by Finquest Financial Solutions Pvt Ltd (FINQUEST) wherein under the garb of promise to provide working capital worth Rs.100 Crores, six documents were executed by and between MBL & FINQUEST. Within a span of two and a half months, it was clear that this entire so called transaction of providing working capital loan was nothing but a mere play to gain the entire control of MBL which is having asset base of around Rs.625 Crores…
Finquest is an NBFC that lent money to Manpasand right after the GST raid happened and its officials were all in jail. Manpasand is claiming that Finquest’s goal wasn’t to just lend to the company and earn an interest income out of it, but to take over the company itself. Manpasand claims that Finquest defrauded it and even calls whatever they did a “hostile takeover”.
Let’s humour this idea for a bit. If you’re a listed company worried about a hostile takeover, you’d look at who’s buying your stock. That’s the normal way for hostile takeovers to work. You wake up one day to realise that Elon owns 9% of your and immediately fall into a state of panic. If you don’t own enough of your company, Elon just might.
Another hostile takeover could be by a distressed debt investor. You may have taken a loan from some banks or whoever some time back. The banks would’ve sold your loans to outside investors. But then because you’re in tough times, the investors would want to rid themselves of your loans at a discount. This distressed debt is then caught by investors trained in the art of recovering dollars from pennies. If you can’t repay your loans to these guys, they would be more than happy to squeeze it out of you.
This is what happened with Byju’s US unit. But really, hostile takeovers aren’t common with distressed debt investors. They don’t want to run your company! They want their money back with some (a lot) of interest. [3]
Finquest lent to Manpasand, it didn’t buy its stock. So maybe this was the second kind of hostile takeover, the distressed debt kind? Well, here’s Abhishek Singh, then director of Manpasand in an interview with Business Today back in 2019:
Business Today: Dhirendra Singh [the CEO] has accused Finquest of a hostile takeover bid, while Finquest claims that it was always mentioned in the term-sheet that the company will be managed by a professional team until its money was parked with you. It will be nice to get your side of the story.
Singh: Whatever amount has been transferred by the Finquest in the bank account of MBL was done in the new account opened by FFSPL's representatives in the name of MBL. The control of this new bank account lies with FFSPL's representatives. FFSPL was allowed operational access to business of MBL and not financial access, as per the term sheet dated July 3, 2019.
…As per the term sheet dated July 3, 2019, FFSPL had right to nominate two directors on the Board of Directors of MBL, which shall constitute minimum one-third strength of the Board. Pursuant to this clause, FFSPL appointed three directors instead of two. The total strength of the board became six directors, one-third of this comes to two. Thus, one more director being a nominee of FFSPL was appointed.
… What? Manpasand borrowed money from Finquest but the bank account where the money came in was controlled by Finquest? And Finquest got “operational access” (whatever that means) as well as a third of Manpasand’s board seats? This isn’t a hostile takeover! It’s a lamblike takeover.
Honestly, I get it. Manpasand’s CEO and others were in jail. The company needed money. The only lender willing to lend to a shady company whose executives are in jail would be a shady lender. And that shady lender was Finquest—which, by the way, had done something similar before—but Manpasand took what it got.
If there’s a second “don’t do this if you’re doing fraud” lesson in this, it’s this. Don’t borrow from a loan shark!
Footnotes
[1] A nice factoid is that Amit Mantri was the first to point out that Manpasand was manipulating its numbers all the way back in 2016. They did some really good on-ground research!
[2] The auditor that SEBI assigned to do this, Chokshi & Chokshi, came back with 12 findings from Manpasand’s accounts. But I think I found a couple of mistakes? It wouldn’t in any way affect SEBI’s conclusion on Manpasand, but I find it funny that a story which is essentially about an auditor’s massive failure to do its job also has an auditor that probably wasn’t too careful themselves? I’ll probably write about this in a future post.
[3] A distressed debt investor would prefer to take over a company to be able to put it into bankruptcy so that it can sell the company’s assets and recover its money. That’s very different from what the kind of takeover that Elon did of Twitter.
Original Source: https://boringmoney.in/p/manpasand-an-accounting-fraud
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2024.05.17 09:50 Scared_Fix_1552 Random Thought Bubble

26 y/o male here (out of two younger sisters) - for a lack of immediate depth and clarity, I sometimes feel as if my brain is, quite frankly, a Lvl. 45 Pokémon in my otherwise full party of normally leveled mons (in this case, other organs? IDK, my poetically 'PogChamp' metaphor kinda fell off after a certain point, admittedly enough, lol...) and because I don't have any 'gym badges', or rather, notable enough ones on 'this' profile to attain the respect of said OP 🧠 (dry reincarnation joke for ya) like anything above an associate's college degree, to where in which I've been shamelessly punishing myself for ever since. All in a familial structure founded off my Father immigrating here from Iran at 17 due to an ongoing war at the time, proceeding to speed run his ability to speak and understand English, and ultimately earn his Doctorate degree at UT Austin in Mathematics by age 24/25 y/o. My Mother, also having immigrated to TX from around the same area/time period to that of my father, learned most if not all of her English and Math by dad, eventually earning her own highly marketable and prestigious degree, allowing her to work as a laboratory scientist within an established Hospital ever since) I wake up each day with ~75-80% chance of my emotions/seemingly invisible yet unapologetically frictious (made up word of the day) force of my own nature steering me not just off course with regards to tangible progress in most faltering facets of my life, but 180 degrees, straight-up in the opposite direction entirely; no matter how hard I may try and/or far I may get, there just always happens to be this same (assumedly) suspect layer of my consciousness to whom in which takes it upon 'itself' to fully assess and ultimately execute some seemingly crucial decision/deduction 'for me', frequently working so far ahead into the future that I lose damn near any/all opportunities to act authentically, evenif said authentic action(s) is/are the more difficult/tedial (made up word of the day, and an unnecessary one at that yet way more satisfyingly sounding than 'tedious' imo xp) decisions out of all answer choices, almost never allowing me a proper build up of 'dharmic momentum', if you will, when that in of itself would likely prove valuable. I believe this behavioral pattern in particular has made it exponentially more difficult to break my current bad habits in insomnia(-l?), burn out, depression, and consequently to these aforementioned, my biggest demon of them all ATM: productivity paralysis - all in which I've been experiencing this past year. For example: my mom telling me we have to go somewhere I don't want to in the morning, my replying 'consciously', usually in agreement in an attempt to avoid further arguments/conflicts, trading authenticity for emotional convenience, be it for better or for worse, only then for my 5Head brain to do what it likely does best (at least with regards to consistency) ala subconsciously 5Head'ing the situation in the background like an antivirus program would after downloading a sketchy Switch emulator onto one's hard drive, it's way of 'resolving' it's self proclaimed virus by having me stay up all night to where there's no way I can go after all, trading my misery for a more preferable, oftentimes comfortable solution as well as rebellion, especially towards those whom I feel can't look past their own selves when offering advice/ideas, which is one thing, but also forcing said solutions onto those concerned, be it due to frustration, which I can't blame them for given my like-mindedness towards my own self and scenario. Slightly more context in that I've always been told I'm super smart, 'could' be one of my best students if... (you know the rest ✌️🙂‍↕️), blah blah blah, but have genuinely been able to achieve things I seriously haven't heard of a single other person accomplishing especially with regards to my passions and career choices, tend to for whatever peculiar reason attract highly successful and oftentimes famous individuals i.e. content creators, musicians, general artists - weirdly/oftentimes VERY well known ones - into my life on both friendly and romantic levels (ironically, seeming to have had a strange ability to attract the upper eschalon of high functioning individuals from not much interesting initial interaction(s) from my perspective, in OR out of schooling, admittedly enough, always hoping I would become one myself, likely as a coping strategy/defense mechanism/compensatory coalition with respect to my lackluster grades/overall effort in highschool despite taking and consequently passing every advanced course possible in relation to my corresponding grade level i.e. AP Calculus in Senior yeaAP English/Government/History, you get the idea, and which was the case from 6th grade onwards, even getting into Health Careers HS upon making an exceptional grade on the entrance exam, along with pure luck I suppose, which, again, pretty prestigious or should have been if I cared, to which I basically had to provide my parents one of my first ultimatums of what would be many: 'I'm gonna get all zeroes if you don't let me go to designated Public HS', likely because it didn't resonate with me at the time - part of me regrets it looking back tbh - and/or I didn't feel like I deserved it/belonged there either) just off my personality alone, which is a lot more humble and sweet than the tonality of this passage provides, often times declared by sources external to that of my own, however believable or on the contrary at face-value. What's crazier is how empty I feel on the inside in spite of everything I've accomplished with regards to, well, again, all facets of my life. Ex: Getting fired at my Banking job last year after the initiation of the divorce for inconsistent attendance, which is fair enough, then getting a new job later at the start of July only to get promoted off my performance by the end of the month, which, for better or for worse, has generally been my same song and dance with regards to my numerous occupations likely due to my need for validation/even 'consolidation' for not having it in me to pursue a Bachelor's degree, only to then go on leave for, frankly, no longer 'having it in me' despite my undying (and disgusting) desire to still push and/or power through in an effort, forevermore, to - not even emotionally amymore but physiologically, at this point - cope with this seemingly snowballing shit-storm of a situation that is and has been 'life' as I know it to be (admittedly/notably, taking the break DID feel good as I haven't really prioritized my own wellbeing like that before) but however eventual/inevitable, got fired for repeatedly giving a date for my return each time my manager reached out to check in on my well-being, only for my first ever and repeated semblance of a panic attack arising in spite of wanting to will myself, tooth and nail, out the house each of those individual instances, ultimately preventing me from following through with my now broken promises to aforementioned ex-manager - all part of this fuck-headed prophecy. :) In an effort to wrap this very real, very frustrating fool's fairytale up, it's important to note I've been jobless ever since that day, locked in my room, still more productive in many important aspects barring perhaps socially, but I'm in huge debt, especially since I had to fire my divorce attorney last year around August for having a 30% response/hit rate for anything that wasn't the bill - I wish I was wrong - though, I was hired at a coffee shop back in February as my mom thought (and still thinks/pushes this notion) that my problem is 'I need to get out there and into the world', welp, I listened albeit after weeks of conflict/disagreements/yelling (which actions in of themselves make me feel terrible since I once took great pride in being the family peacekeeper (and from a reasonably young age too, unfortunately enough) like any good son whom in which values their own mother's reasonable enough hypothesis would, except for, well, that job too, eventually and inevitably (in my mind) 'I' ending up quitting due to - long story short - unruly junior managers and their annoyingly asinine egos'.
Wrapping up, between going through a divorce with my wife, having been forced to live back with my forever faulty family, namely, with regards to my stubborn mother and father (however much I love them to pieces, to which I feel I express well enough, consistently enough, though at the same time think is fair holding back a bit affectionately given the frequency and intensity of my current circumstances, frankly). Thankfully, I have been able to maintain my well above average athleticism/physique (my words, sure, though genuinely intended with as little ego as possible, in fact more often than not mentioned by someone other than myself, and consistently so at that ever since the 10th grade when I initially started lifting/getting into Nutrition) through daily weighted pushups of 55 lbs in a sturdy backpack, along with my self taught singing voice (worded that way to emphasize I had to basically fight my mom and dad on investing time/energy into that back during HS as well, only to, like my fitness discipline, attaining a very high level on my own and in spite of the needless and unnecessary friction provided by family), along with, and perhaps most importantly, keeping up with my mental and spiritual literacies through many renowned online University lectures, free programs, videos by Dr. K-ing himself, etc. - all to say I'm at a point, currently, where this once 'Superman' persona that I suppose never existed in the capacity seems way closer to that of a depressed, worn down Clark Kent than ever before...
Sigh
(P.S. To my 🧠: Thank you, sincerely, for giving me the courage/chutzpah to finally deliberately declassify, denote, and deliver this deconstruction of my mind, however flawed, over the internet. Further, it's imperative that I mention my confirmed diagnoses of ADHD/Borderline/Childhood & Family Trauma, along with a pending/potential Bipolar disorder as the metaphorically 'maniacal' cherry on top. I'm seeing a psychologist ATM and am prescribed Adderall which helps me tremendously, both with regards to mood and my ADHD symptoms. I've been taking medication for over 2 years now. Random but relevant side note: my insomnia started after the initiation of the divorce and again, I've basically slept once every other night throughout this whole duration)
(P.P.S. Forgive me for any inconsistencies/poor grammaseemingly unfinished statements and/or scenarios. I've had a couple hours of sleep the past 30ish hours, which has, give or take, been the case since June of last year.
(P.P.P.S. Crazy to acknowledge that I intended on sharing the first few sentences of this post when 'I' made the decision to write out this random Reddit post - I wonder, however hesitantly, what notable 'tomfoolery' my brain has planned as the potential outcome to this output and a half.)
(P.P.P.P.S. That's not even the full story LuL. Though I must mention I appreciate anyone bored/mad/strong-willed enough to muster their way from start to finish of my madness. I love this community with all of my heart, truly, and I'm sorry for coming across as brash or unapologetic at particular points, just not really feeling it ATM. Love and peace, always
Kindest regards,
Anotha One
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2024.05.17 07:54 VisibleApartment897 Ecommerce with $1.5M in Revenue

Hi all, I started an ecommerce business in June of 2020 selling Asian snacks, groceries, and food products. Despite having no business background, web experience, or heavy marketing skills, here is our revenue breakdown:
I have struggled with cash flow due to Merchant Cash Advances taken during difficult situations. The business is profitable, with a 12% NET profit in 2022 and a 9% NET profit in 2023 (15% without the high interest debt schedule). However, the burden of daily and weekly payments has become overwhelming, and I am considering filing for bankruptcy. I have personally guaranteed all the MCAs totaling $380K.
I am now looking for an Angel to help me consolidate all my business debts. I have a house in Los Angeles area with about $100K in equity you can put a lien on. Home is valued at $950K on Zillow. OR sell the entire business to move on from this stressful situation. If anyone is interested, please DM me. I am located in the Los Angeles area
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2024.05.17 06:22 Brighteyedwoman22 What's the better option? Bankruptcy or pay off collections at a reduced pay off?

Backstory - Sister became I'll last year and she missed a lot of days of work and they fired her as some of her sick days were input into the system as FMLA. Anyway, so when she was feeling ok, she would go out doordashing. But barely doing that, she stopped paying most of her credit cards or went on a payment plan. Well on April 12the, one of the worst things happened. She was involved in a major accident and almost lost her life. She had multiple surgeries and is currently in a transitional hospital to continue her recovery and will likely still need other surgeries for quality of life.
So now she can't pay any bills, her bank account was so overdrafted they closed her bank account and many of the credit cards have either gone into pay full amount or it will be sent to collections. Others have already been sent to collections and one is even sent a letter to move to legal action.
She can't even make any payment plans because she can't work and won't be working for a long time.
She recently received a letter from one of the collection agencies stating they are willing to offer a payment of $625 to payoff a $2,500 debt.
Now, we could use her GoFundMe money to pay it off, but I'd rather not use those funds for debts.
But it got me thinking, should we wait until she is out of the hospital/care homes and file bankruptcy or should she wait for offers such as above and pay them off at a reduced fee?
She has over 25k in credit card debt in or heading for collections.
Thoughts?
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2024.05.17 04:00 Ironhead95768788 Im overwhelmed I’m debt!

I’m about 90000 in debt! 36000 in credit card debt! I owe 36000 on my truck. I pay 550 in child support. And I have 401k loans that is around 23000. I don’t have anything that is really worth anything! So what is the most realistic type of bankruptcy I could file!
submitted by Ironhead95768788 to Bankruptcy [link] [comments]

2024.05.17 03:15 ArsArcanum_ Need help/advice for paying off debt

Hey guys,
I need some advice and guidance on what to do with my current financial situation.
I currently owe a total of $43,000 in debt:
My credit score used to be 800, it has since dropped to around 650 due to my debt.
Salary: guaranteed $4,000/mo, with overtime +500-800$/mo.
I have learned to budget and spend less/cut expenses however it has been difficult to repay this amount back with paying so much interest.
My current expenses:
Rent 1475, Car insurance 210, student loan repayment 334, ...+ total expenses is around 650
i pay about 500$ into my mastercard, $500 into amex, 200 into loc 1, and 100$ into loc 2.
With everything said and done, i'm barely scraping by and have 100-200$ left over for the month.
Is it worth declaring bankruptcy at this point?
Any advice is appreciated , thank you
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2024.05.17 02:43 l00ky_here Law regarding credit cards while filing for bankruptcy

I am having a hard time getting an answer from my lawyer about this.
I filed last month. My hearing is next week. However, in June/July I need to rent a car to go on scheduled medical trips out of the state. I cannot get there any other way. I need to rent these cars, and each time I do (for up to three trips), I need to have money on a credit card to "hold" the car. Some kind of insurance they release once they get the car back. As it is I am going to be paying more than I normally would because my Chase card would have covered the additional insurance, but now I am going to have to pay out of pocket.
What used to be about $50 total is now going to need at least $500 in resources. I want to apply for one of the credit cards I am getting solicitations in the mail from. I asked my attorney about this and all he says is that I cannot incur debt while in bankruptcy.
What does this mean? Is a hold a debt? Is paying the card off immediatly after use considered debt?
Could someone please let me know? This isn't about trying to go around the law, this has a practical aspect and I need to know soon so I can either apply for the card or continue to save money.
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2024.05.17 02:13 RelativeHearing2967 I really need advice on how to proceed.

I recently got a dream job with better pay but it required me to move into a region of the state that is super expensive to live in. Here's a breakdown of my current financial situation
Take home pay after taxes - $4700
Rent- $1600
Utilities $100
Car (one i use for work) $950
Truck (used by my elderly father) $222
Dirt bikes $223
CaTruck insurance $105
Internet $57
The above bills are what I consider my essential bills. Lets round this total up to $3300. Now I am going to list out all my unsecured debt and this is what's really killing me.
Card #1 - $3300 balance with 28% interest $80 going to interest each month on a payment of $114.
Card #2 - $3164 balance with 29.24% Interest $67 going to interest each month on a payment of $150. I
Card #3 - $12063 balance with 12.9% interest. $130 going to interest each month on a $247 payment.
Card #4 $7279 balance with 10.65% interest. $65 going to interest each month on a $150 payment.
Card #5 $1035 balance with 31.74% interest.
Card #6 $687 balance with 29.99% interest
Card #7 $272 balance with 31.99 interest.
I am bringing home about $550 after everything is paid off and this does NOT include food for the month or gas to get to work. Can I live on $550 a month? Yes, but I am not seeing a way out of this credit card debt. I have applied for a couple personal loans but I am not going to be able to get approved due to my high utilization so that option is out. I have not missed a single payment in over a decade on any of my current bills so going the credit relief path is not something I want to do.
Should I just stop paying all my credit cards and use the additional income to negotiate with each creditor MYSELF to pay them off for a lesser amount?
Should I file for bankruptcy?
Quiet literally I feel awful as I have been so good for so long about managing my debt but where I live now it's just too expensive and I can only afford to make minimum payments on these shitty cards. At least the car and truck will be paid off after X amount of time but the cards can take decades making only min payments.
Any advice? I am In CA.
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2024.05.17 02:02 ApprehensiveQuote76 Debt/Collections Lawyers?? Please Help....

I'm in desperate need of a lawyer that can handle my false collections case....I have asked for proof of my debt in writing via certified mail to an address that is listed on their BBB account.
Turns out, they've changed their address 4 times it seems since 4 different locations (2 BBB, 1 Experian, 1 Transunion) show different addresses in different cities. I sent this out on the 22nd of April, and it's the 16th of May. Track the postage and turns out it's back en route to me since I'm assuming this address isn't even real.
I've submitted BBB Claims stating these things, then requesting validity/verification of debt, and all they do is provide me an old lease and nothing stating they own this debt and no acknowledgment from myself or anything in writing by me in ties with them.
This is originally from an old apartment complex in Denver that is no longer in Business anymore and they appeared to disappear from the map (bankruptcy most likely).
All of this is extremely shady and honestly, this along has ruined most of my adult life and if I don't get this solved now I don't know what to do.
I can't even get a new place for rent cause of these scumbags since it appears that I owe them a 5 figure amount for som b/s.
I thought with me going through these channels would be able to build my case and provide the MOST documents to an apartment complex, but all these shady place use A.I (realpage) to screw us over more and don't have a heartbeart internally or just don't care.
I am at the place now that this has caused me so much distress over the last 3+ years that I want to litigate this and get a resolution.
Anyone able to help? I don't have much funds but I have nothing else to do and have lost hope....I'm praying for a friend.
Thanks for coming to my Ted Talk (Sob Story)
Edit: This collection agency now resides in Tennessee. Which I also made a complaint to the Tennessee State Attorney General
submitted by ApprehensiveQuote76 to indianapolis [link] [comments]

2024.05.17 01:38 BK-13-ThrowawayAcct Just made my final Ch 13 payment!

I feel a sense of accomplishment and other emotions today, thinking back on the bad and good choices I've made to get to this point, and how this will change future behaviors and habits. I ran up a lot of debt on credit cards via cash advances gambling, and brushed it all aside since I was getting raises/bonuses at work pretty regularly, but it was never enough to keep up with my problem there. Getting divorced (surprisingly not related to this situation) really got me to the point I needed to file though, as I was essentially paying for two households at that point, and couldn't keep up with even min payments on all the debt.
But I wised up, found a good ch 13 lawyer who knew the local system/trustees/etc, and followed the lawyer's advice, word for word.
Now the waiting game to get the discharge complete paperwork. 60 months later, it started off slow but flew by the last couple years. Once you adjust you get used to it and keep looking at the light at the end of the tunnel, so to speak.
Lessons learned...
You really re-learn how to deal with money, it forces you to. Not sure if 5 years is necessary, I probably could have "figured it out" in 6-12 months, but I get they want to get as much of their $ back as they can. But re-framing how you see money is the real goal here, right? I get some people will get discharged and go right back to doing whatever they did before, but I think this is the main lesson learned.
It's been an interesting 5 years, especially since I've gotten numerous raises and bonuses (most of which never saw my bank account) - that's been the hardest part for me. I would have liked to have taken the family on some nicer vacations or upgraded some things at home, but, I get the way this works.
My lawyer set me up with the TFS auto-payment system, instead of getting a wage order at work, so as not to potentially draw attention to the bankruptcy, and it was very easy. Just like an auto-payment coming out of my checking account the same day every month, plus a few bucks tacked on for convenience factor. If you work in a job where reputation is important, you may want to consider this and ask your lawyer if it is possible to use TFS instead of garnishing wages. I know the lawyer had to make the motion/request/whatever it's called and get that approved early on in the payment plan after I had been making direct/manual payments through the trustee's website up til that point.
Overall it was the best choice given my circumstances - which I will hopefully never need to deal with again.
Now on to buying a house...
submitted by BK-13-ThrowawayAcct to Bankruptcy [link] [comments]

2024.05.17 01:30 Busy_History_4531 Acted is a joke

Flashcards and ASETs aside.
Honestly, half of the struggle with these exams is not the actual knowledge itself. But knowing how to study for each exam / how to learn. They don't help with that either.
Please can someone compete with them
submitted by Busy_History_4531 to u/Busy_History_4531 [link] [comments]

2024.05.17 01:29 Busy_History_4531 ActED is a joke

Flashcards and ASETs aside.
Honestly, half of the struggle with these exams is not the actual knowledge itself. But knowing how to study for each exam / how to learn. They don't help with that either.
Please can someone compete with them
submitted by Busy_History_4531 to ActuaryUK [link] [comments]

2024.05.17 01:15 ClimbOn2YourSeahorse My CH 13, 100% Repayment Experience

This thread has been super helpful to me, so I hope my experience can help others. I never had any debt, had an 800+ credit score, and over $150K in accessible credit.
Unfortunately, a series of events led me to find myself in significant, crippling debt late last year. Over $100k in debt, lost clients, lost work, house in construction that encountered issues that set me waaaaaay over my budget.
Anyway, in March I filed for Chapter 13. The means test meant I had to go into 100% repayment plan. I own the house I built free and clear, no mortgage, and owned my car outright.
Well, over $40,000 in my Creditors did NOT CLAIM! Only 6 of my 13 creditors filed claims, bringing my owed amount to just shy over $80K. The best decision made was to file for bankruptcy. My financial situation is slowly improving and this will be behind me soon. If you're on the fence, do it! Get that second chance.
submitted by ClimbOn2YourSeahorse to Bankruptcy [link] [comments]

2024.05.17 00:57 Hot-Effort5615 need advice, am I overthinking things or is this a red flag? (21F/31M)

TLDR: my boyfriend (31M) is asking about marriage (21F). We've never met and I'm scared that I'll be financially responsible for him. I also think it's too soon to consider marriage seriously. Yes, I want a marriage eventually but the thought of getting married in the next 2 years scares me. Is this a red flag? He's going through a huge career change and I feel like he thinks marriage will solve all of his problems. Or am I overthinking this? Is it a cultural difference?
I (21F) was introduced to my boyfriend (31M) through my cousin. My cousin is a computer vision engineer, he travels often to teach at conferences. He met my boyfriend twice in 2023 when he was teaching in Seoul and asked if he could give my now boyfriend my info. We started talking in June 2023, started dating in November 2023. We are 'nevermets.' He was supposed to come to the U.S in January for his job (about 3 hours away from me) but that was pushed back as he was assigned to another project as a project manager. He was then supposed to come in April but quit his job in February due to long work weeks 70+ hours. His manager quit a few weeks before him which only added to the stress of his job and it was the last straw. He told me he's not able to work for other automotive companies as a computer vision engineer as the software he worked on is confidential, lol something along those lines.
Since then he's been without a job but has enrolled in a firefighter academy where we only get to talk on the weekends, which has been difficult with the time difference. He's not able to bring his phone in and he sleeps at a dormitory at the academy. We're planning to meet early 2025 as I just graduated with my B.S so I need time to save to go to Korea and he says he plans to visit me sometime in April of next year once he takes the firefighter exam. I'm also applying to teach English in Korea for 2025, it's been a dream of mine to travel and I have the credentials to apply, but I know this job is not guaranteed.
He brought up the topic of marriage earlier this year and told me he wants to marry me and move to the U.S so we can be together. I realize this would be a huge sacrifice as he's leaving his family and friends to start a life with me but the thought of it is overwhelming. For starters, we've never met and yes, I do love him but I'm also realistic and I know things could change when we meet in person. I'm afraid he'll ask me to marry him the first time we meet. I would feel a lot of financial responsibility taking care of the both of us until he can start working in the U.S. Even then he says he's fine doing anything for work, that doesn't make me feel better. My parents are first generation Mexican immigrants and we've struggled a lot, so the thought of financial instability as an adult scares me. I plan to apply to masters programs and then PhD programs as my career goal is to become a clinical psychologist, this in itself is costly and I'll likely be in debt because of these programs into my late 20's.
Is this a red flag? He's going through a huge career change and I feel like he thinks marriage will solve all of his problems. Or am I overthinking this? Is it a cultural difference?
submitted by Hot-Effort5615 to LongDistance [link] [comments]

2024.05.17 00:53 AstralObjective Anyone use Turbodebt?

A family member sent me a link to this and says in 2024 there is a debt relief thing going on? Idk but I’m about 40k in debit and was going to declare bankruptcy but wanted to see if anyone has used this? Thanks!
submitted by AstralObjective to Debt [link] [comments]

2024.05.17 00:02 statewide_jason What are my options for getting rid of my business?

I own a service franchise in Tennessee. In December a tornado destroyed my warehouse (I was renting), a ton of inventory, some equipment, and damaged my truck. I immediately stopped operating and got a different job, as I didn’t know how long it would take to replace my stuff. Turns out my insurance sucked, so I can’t afford restart the business. I’m still shutdown 6 months later. I have about $250k business debt. I make enough to make the monthly payments, but it will obviously take a long time to pay it off. About $180k of the debt (some SBA, some HELOC) is tied to my house.
I’ll try to sell it in the next month or so, but I’m not confident I’ll be able to sell for anything near what I owe. I’m just trying to figure out what my options are. If I file bankruptcy will i lose my house? Franchisor will probably try to take my territory back if I don’t do something soon. I’m not currently paying any of the franchise fees, which they are not very happy about.
Appreciate any advice.
submitted by statewide_jason to legaladvice [link] [comments]

2024.05.16 23:27 TwistRepulsive6518 [OTHER] The Obey Me! Anime but as a 'Mockumentary'

[OTHER] The Obey Me! Anime but as a 'Mockumentary'
This is part 3 of stealing stuff from other franchises (LOL), but this time I'm writing about the anime because I was bored and had another thought that needs to be set free onto the world.
I want to preface this by saying I LOVE the anime, its funny and cute; its very 'slice of life'-ie and the boys are all so silly in this version. but I want something different, and hopefully longer episodes.
So, what is a 'Mockumentary'? essentially its a mix of the words 'Mock' and 'Documentary'. Google defines it as 'a type of film or television show depicting fictional events, but presented as a documentary which in itself is a subset of a faux-documentary style of film-making.' Think of shows such as 'Modern Family' and 'The Office'.
i'm going to try and follow some of the plots in the actual anime but trying to get it to fit 22 minutes which is how long episodes usually are of this type.
i try to keep it condensed or we'd be here all day <3
I tried my best
i've decided to write episodes down with a formula of:
  • Ep 1- No Motivation to Study. (All brothers)
  • Ep 2- Ruri-Chan Viewing Party. (Leviathan)
  • Ep 3- For Whom the Belly Rumbles. (Beelzebub)
  • Ep 4- Princess Asmodeous is in Another Castle. (Asmodeous)
  • Ep 5- Mammon and the Dog. (Mammon)
  • Ep 6- Detective Satan. (Satan)
  • Ep 7- Camp Lucifer. (Lucifer)
  • Ep 8- A Trip for 7. (Belphegor)
  • Ep 9- Beach Babes (All brothers)
  • Ep 10- A Bunny Boy's New Years' (All brothers)
Also, i thought it would be funny if MC was the one doing the interview portions; of course, we'd never see MC, but it is alluded that they are behind the camera.
https://preview.redd.it/uy8662dtvu0d1.png?width=860&format=png&auto=webp&s=ab6d3a4476a5eb719f5c26ddf8a9a611e2514a18
Ep 1: No motivation to study
Main Plot points:
  • A plot- The brother's are studying for an exam
  • B plot- Mammon's makes the 'miss em' doll
Story flow:
Plot A:
  • The brothers are introduced
  • the brothers are studying for an exam
  • Mammon is slacking off as usual
  • the brothers cant concentrate as they keep getting distracted
  • they want MC to come back to the devildom
  • The brothers goof off
Plot B:
  • Mammon makes the Miss 'em dolls and sells them
https://preview.redd.it/cuhqesmwvu0d1.png?width=861&format=png&auto=webp&s=ae51753feb6bf22ff52b9ac44b3c376a000d368b
Ep 2: Ruri-chan viewing party
Main Plot points:
  • A plot- Levi grabs all the dateables for a viewing party
  • B plot- the rest of the brothers are hiding from Levi
Story:
Plot A:
  • Levi squeals in excitement which means there's a new Ruri-chan movie.
  • he tells the camera in the 'interview' how much he LOVES the movie he wants to show them today,
  • he continues talking and talking
  • Levi tries to find his brothers around the house but can't
  • he decides to find ANYONE who will listen
  • He finds Simeon who was badly hiding behind the couch, Simeon rats Luke and Solomon out.
  • Levi even takes Diavolo and Barbatos
  • keeping the dateables in his room, not letting them leave
  • he over-explains everything to them
  • He stops them from leaving multiple times, Luke even tries to fake an illness to get out
  • Even Levi's snake hides from him
Plot B:
  • All the brothers try to tiptoe around the house, trying to avoid Levi who is constantly listening to find people who would listen find others
  • The brothers express in the interviews how they love Levi... but they cannot stand another one of his movies
https://preview.redd.it/gvoz3gpxvu0d1.png?width=861&format=png&auto=webp&s=185df70575469bbd6dc9f1d488b8e08701140be5
Ep 3: For whom the belly rumbles
Main Plot points: (I got inspired by the episode of 'Modern Family', 'Connection Lost')
  • A plot- Beel is lost in some sort of island. the whole ep takes place on the DDD interface.
  • B plot- Lucifer, Satan and Asmo are at Diavolo's castle
  • C plot- Levi, Mammon and Belphie are in the HOL
Story:
Plot A:
  • Beel scrolls through apps on his phone, somehow having internet access
  • he then opens his contacts and dials Lucifer on facetime
  • Asmo pops into facetime on Lucifer's laptop
  • Beel dials Belphie who is asleep, then he dials Levi who is always on his phone.
  • they all try to find out what and where Beel is
  • they offer suggestions but Beel keeps getting distracted
  • All it ends up, is that Beel accidentally sent himself into a game world after eating a game disc
Plot B:
  • Lucifer has to give a speach on behalf of Diavolo
  • when Beel calls on Lucifer's laptop, Lucifer was going over his speach as Asmo does his makeup and Satan was checking who attended.
  • they try to help Beel out of where he is before Lucifer gives his speach
Plot C:
  • Levi was chasing Mammon around the house when Beel calls
  • Belphie was asleep
https://preview.redd.it/fyv5634zvu0d1.png?width=861&format=png&auto=webp&s=bd70e971dc5f1bd69819f2426d0a87b1233597f2
Ep 4: Princess Asmodeous is in another Castle
Main Plot points:
  • A plot- Asmodeous gets sent into Levi's game as the princess, he loves it a little too much
  • B plot- Lucifer giving Mammon a driving lesson
Story:
Plot A:
  • Asmo and the other brothers are sent into a game
  • at first, Asmo is annoyed but then he realises he is the princess and forces everyone to do his bidding
  • he wants to be saved in a certain way, dressed in a certain way, etc
  • Asmo likes it
  • Asmo becomes like an evil dictator
  • the brothers revolt against the prince and they win the game
Plot B:
  • Mammon got a parking ticket and it turned out his license expired a few months ago
  • Lucifer gives Mammon a driving lesson
https://preview.redd.it/ka3ec6m0wu0d1.png?width=861&format=png&auto=webp&s=28ed20fd957abab588ae74d7512669c91b497ea7
Ep 5: Mammon and the Dog
Main Plot points:
  • A plot- Mammon was turned into a dog, and Mammon runs away
  • B plot- Levi and Asmo had a previous fight but also Satan and Belphie had a previous fight
Story:
A plot:
  • Starts with Mammon having a dumb look on his face, his lips not moving but he is talking with the camera zooming into Mammon's face, Mammon then says "Hey over 'ere!", the camera zooms out and shows Mammon sitting next to a dog. Mammon is the dog.
  • Dog Mammon explains how he got cursed and then it plays out like the anime for the first 5 minutes
  • The brothers go out to eat dinner where they tease Mammon like usual
  • Mammon mishears something Lucifer said
  • Mammon leaves when no one was looking
  • The brothers in groups look for Mammon (Group 1: Levi and Asmo, Group 2: Satan, Belphie and Beel), they go to Casinos, clubs, bars to try look
  • Lucifer finds Mammon in MC's bedroom, they talk
  • Everyone resolves their conflicts by the end
B plot:
  • Asmo and Levi are fighting because Levi didn't include Asmo on a stream
  • Satan and Belphie are fighting because of an understanding when talking about the Anti-Lucifer defense league
https://preview.redd.it/y3fmhc26wu0d1.png?width=861&format=png&auto=webp&s=3683c5288fe8e380e6f91b0081e93a328af798a5
Ep 6: Detective Satan
Main Plot points:
  • A plot- Detective Satan with the younger brothers
  • B plot- Mammon, Lucifer and Levi are taking Mammon to his driving test
Story:
Plot A:
  • Satan solves his brothers mysteries, expanding on 'Detective Satan' 1 and 2.
Plot B:
  • Lucifer and Levi take Mammon to the driving center
  • When Mammon is having his exam with Little D no. 2 as the examiner, Mammon is chased by a guy who he owns a debt to
  • Mammon tries to out drive the debt collecters
  • Levi and Lucifer chase after them in a third car
  • Mammon somehow passes his test
https://preview.redd.it/8ol0e2o7wu0d1.png?width=861&format=png&auto=webp&s=8f2a5de1e356903ef86cc1a39bf5e9275498f256
Ep 7: Camp Lucifer
Main Plot points:
  • A plot- Lucifer takes his brothers to a camp
  • B plot- Mammon and Asmo want to go to a party instead
  • C plot- Levi, Satan and Belphie just want to go back home
Story:
Plot A:
  • Lucifer is overzealous about camp, he's doing everything
  • All the brothers gather around the campfire, and each brother wants to get away.
  • When Lucifer goes away to deal with an argument Beel caused because he ate the next door camp's food
  • When he comes back all his brothers except for Beel have gone
  • Beel is eating all the food at the campfire, Lucifer pets him on the head
  • after a while of Lucifer and Beel alone, where Lucifer is just watching Beel eat, Lucifer goes away to wash his hands
  • the rest of the brothers feel bad, and return
  • Lucifer returns and sees ALL his brothers back around the campfire again roasting marshmallows
  • Lucifer joins them
Plot B:
  • Asmo and Mammon have big plans to escape for the night because they heard that a devildom celeb was at a club
  • they sneak out when lucifer is distracted
  • but eventually they return after a while
Plot C:
  • Levi, Belphie and Satan hide in the tents wanting to just rest and get away from all the insects and flies
https://preview.redd.it/bmmqdjz8wu0d1.png?width=861&format=png&auto=webp&s=3c3f49a685734d06baab64c08bc4258f000e1bc8
Ep 8: A trip for 7
Main Plot points:
  • A plot- Belphie is sad because his brothers are treating him different
  • B plot- Road trip with all the brothers in a caravan
Story:
Plot A:
  • Part one and two of 'A trip for 7'
  • Belphie is just watching as his brothers interact
  • but most of the trip takes place in a caravan as they going to their destination
Plot B:
  • The brothers have a pillow fight and play cards without belphie because things are still awkward with him
https://preview.redd.it/a8c41zduvu0d1.png?width=860&format=png&auto=webp&s=f2edbb84dba7933efc5b7abd1b5e2c4cfadabd60
Ep 9: Beach Babes
Main Plot points:
  • A plot- Mammon trying to get pics of Lucifer shirtless
  • B plot- Asmo takes Beel as his wingman to pick up some 'babes'
Story:
Plot A:
  • Mammon wraps up each of his brothers to help him in his endeavours
  • he asks Levi to dress like an octopus to catch Lucifer off guard
  • he asks Satan to place a curse of Lucifer that raises his body heat until he is so warm he wants to take his shirt off
  • he asks Belphie to create an elaborate trap but Belphie just throws crabs at Lucifer while not even moving from his place under the umbrella
Plot B:
  • Asmo takes Beel with the promise of food to find some 'babes'
  • Asmo tries flirting with some people but Beel is somehow doing better than him
  • Asmo finds someone from behind
  • the 'babe' is actually Solomon
https://preview.redd.it/xcs8i01vvu0d1.png?width=860&format=png&auto=webp&s=a54c13f20c370b6282757e5c94987f0dcf4f97c7
Ep 10: A bunny boy's New Years'
Main Plot points:
  • A plot- Brothers as Bunny boys
  • B plot- the dateables come to the Bunny boy restaurant for New Years
Story:
Plot A:
  • the brothers have to be bunny boys to make up for Mammon's debt
  • they attend to the dateables
Plot B:
  • Season finale where the dateables recap the whole season
Yh... idk what this one was- i think i hallucinated half of it <3
submitted by TwistRepulsive6518 to obeyme [link] [comments]

2024.05.16 23:04 Independent-Storm756 Covid eild 200k no personal guarantee

Hi , wondering if anyone has successfully dissolved and closed a business and how they handled their eidl loan? I sent email to sba letting them know of closure and this is what i got back … not sure what they can come after since the loan was not personally guaranteed? Any information is greatly appreciated. I also spoke to a bankruptcy lawyer and had him review my loan docs and he also said their is no personal guaratee.
Thank you for contacting the U.S. Small Business Administration Customer Service Center regarding assistance related to your SBA loan. We regret to learn of the closure of your business.
However, we must advise that a business closure does not extinguish the debt to the SBA. The debt remains the obligation of the borrower, co-borrowers, or guarantors.
Your file is with your loan servicing center. We recommend you email that office directly at covideidlservicing@sba.gov with any questions related to your present circumstances. Please include the SBA Loan Number or other identifying information with your request.
If you have additional questions or require further assistance, please call 1-833-853-5638 (Monday through Friday from 8:00 am to 8:00 pm Eastern Time) or, if you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Sincerely,
Office of Capital Access, Customer Service Center U.S. Small Business Administration
submitted by Independent-Storm756 to EIDLPPP [link] [comments]

2024.05.16 23:02 punkbish Tips and a very honest analysis of why I failed the bar two times before passing the third time.

Tips and a very honest analysis of why I failed the bar two times before passing the third time.
It took me three attempts to pass the bar exam and here is what I did differently that seemed to help.

July 2022

The first time I coasted through Barbri videos while planning my wedding, then I was shocked to receive a 257 (insert eyeroll at overly confident and naive past self). I only did 700 Multiple Choice and I didn't understand some concepts, but I hoped I could skirt through like some of my peers. What killed me though was my anxiety. I didn't sleep for two days before the exam and I had two panic attacks during the writing day so I left two essays only half finished and one of my MPT's sucked. Also, because I was so tired, I missed HUGE issues. What I'm saying is that, in hindsight, I absolutely deserved that 257. I hadn't done enough hard work and I hadn't worked on the parts of myself that were self-destructive (procrastination, multi-tasking, anxious-avoidant habits).

Feb 2023

The second time I was so embarrassed and depressed about failing the first time, I self-sabotaged again. I had to work full time so I had to start studying immediately and aggressively, but I didn't take rest days or do anything to take care of my mental health. Instead, I drank too much and watched a lot of Sisterwives while building a massive color-coated outline. The outline was great, but I didn't ACTIVELY study enough. I did about 900 multiple-choice questions and reviewed the Barbri videos on the topics I didn't understand. Some of the lecturers would go on tangents that were not helpful, which made me panic about wasted time, then angrily pour myself a tequila soda. so stupid. (Sidenote: this was also my first Alaska Winter and I was unprepared for the Alaska version of seasonal depression)
Again, I couldn't sleep the nights before the exam because I didn't think I was ready, even though I had done about 10 practice MPTS, 50 practice Essays, and built an impressive collection of study guides, outlines, and flashcards. I did not have a panic attack during the exam this time, but I did make a rookie mistake and waste a bunch of time formatting an MPT answer (self-sabotaging unintentionally?) I received a 255. I drank, cried, puked, ate dumplings, moped around, took a week off work, then picked myself up and got my shit together.

July 2023

Now I was really in my head. I couldn't stop thinking about that stat that suggests the more times you take the bar the less likely you are to pass. I started to think I was an idiot that my law school had bamboozled me into giving them federal loan money even though they knew I was too stupid to pass. I started to do a lot of introspection here. I knew the material after the second attempt, but I couldn't get the points. I had blown off friends, family, my husband, my life for over a year and I was struggling to stay positive with the looming debt and continued failures.
I started going to therapy in March. I read The Mountain is You and Fck The Bar. I listened to podcasts about the science of learning and memory retention. I saw more sunshine. I drank much less. In May, I built a realistic but aggressive study schedule that coordinated with my work schedule. My boss agreed to give me a month off before the bar exam. I had weekly meetings with the Bar Instructor from my University. I started the first month with ten multiple-choice questions per day and 1-2 Essays. I kept a log of the questions that I got wrong and WHY I got them wrong. I was anxious, but things were going well and I was determined.
But then, shit really hit the fan. One of my best friends died out of fucking nowhere. I took a week off to fly home for his funeral, which I ended up organizing because his family was barely keeping it together. I came back to work and told my boss I couldn't do it but he pushed me to keep going. Thank the lord.
I got it together. I focused on staying positive, which somehow I was only able to do with an odd grief-stricken nihilism. This is a test. This is just a stupid test and we could die at any moment. It finally clicked for me: I still am valuable if I can't pass this exam and I can't waste my time being alive beating myself up for my failures. Maybe some of you already learned this in your childhood, but I didn't learn it until this summer.
I bought the John Grossman videos and adaptibar. I drilled multiple-choice questions, totaling 1,300. I reviewed my progress tracking document with all the questions I missed each night. I didn't drink during the week. (I'll share the schedule if it's of interest) I had two accountability buddies who asked me what I learned each day. I went to bed early, ate well, went running - I took care of myself because if you spiral, the money-hungry study programs and examiners win. The day before the exam, I stopped studying at two pm, though I was told not to study at all. I drank tea, played video games, and embarrassingly I had a little weepy grief moment at my professor's kitchen counter where I was staying. He told me that most applicants should do about 2k multiple choice questions, which I had not done so I felt bad about my chances. But I went to bed saying, "This is just a fucking test and it doesn't define me. I could die any moment and I don't deserve to punish myself. Whatever happens will happen." I had no panic attacks. I finished all of my essays. I was a grizzled veteran in a room full of first-time takers.
And I passed: 272. I cried and jumped for joy, which terrified my dog.
So here's the point: It's just a test. You've taken so many tests to get here. You can pass this one. I promise. Build a good study schedule, get the John Grossman videos, be honest with yourself about why you haven't passed so far, drill multiple choice, make a running document of the questions that you miss and review it each night, get lots of sleep, go to therapy to make sure your mental health isn't the reason you're not passing, and most importantly, remember that you could die at any moment so don't make yourself suffer. If you need to take time off to fix something emotional or internal, there is no shame in that, but knowledge builds and success here requires vigilant wellness and consistent practice.
You can do this. I promise.
submitted by punkbish to barexam [link] [comments]

2024.05.16 22:26 letsgrowletsgo Bankruptcy (why do I feel so embarrased)

I am starting to look for a bankruptcy attorney. I live in southern California and have a mortgage. I am single and my income is mainly ebay and amazon (claim the 1099s I receive). I grossed approx $80k in 2023. I also do odd jobs here and there. Handyman type stuff. Usually never over $550 a job which I get paid cash, thru zelle or venmo. I haven't filed taxes for 2023 nor 2022 yet. Im working on that. I owe approximately $22k in taxes to the Fed and state. $18k fed (make month payments) $4k state (lein on home). I have about $80k Credit card debts, all in collections. Have been served by creditors for two so far. One for $18k and one for $5K. I also have a SBA loan for $110K.
SBA $110K
Credit Cards $80K
Mortage is $220K left have a second $50K, value if sold (zillow) $700K
I've called a couple attorneys so far, both say Chap 7 is best solution. One charges $3500 the other $2000. Im confused on the pricing. Both offer same services from the sound of it.
I guess I'm looking for help on what questions or things should I be looking for when choosing the right attorney . I've only had to use a lawyer in my life one other time and it was the worst experience ever. Complete waste of my $$$$ I felt at the time.
I just feel so embarrassed with myself that Ive put myself in this situation, but I have excepted my mistakes and need to move forward. Anyways, any advise is appreciated.
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2024.05.16 22:15 UncontestedDocuments There is affordable garnishment help at Wichita's Uncontested Documents

There is affordable garnishment help at Wichita's Uncontested Documents
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2024.05.16 21:41 Medill1919 Credit rating in retirement

If you have a paid off home and are not planning any major purchases, does a good credit rating matter in retirement? Should a near retired person pay off large debt, or just declare bankruptcy?
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http://rodzice.org/