I live in WI. I have worked at my place of employment for 6 years next month. I have made a fairly decent amount every year (grossed $81k last year) because that place survived on OT. I have let the OT get the best of me and have spent way too much, a lot on dining out/take-out, because who wants to cook when you work 12 hours a day? Along with many other things like unnecessary household goods (Amazon impulsive buying) and helping friends/family (too much, I got scammed trying to help someone bring a family member to this country, that's on me and my stupidity for allowing it to happen, but that's another story.)
However, in the new year, the company has lost a lot of business due to 1 customer pulling a $50 million per year contract (they will no longer require our product in the future), and in my department we have lost 25% of business due to a customer no longer wanting to sell the product we made (we would make it and put it in a box with their name on it.)
Due to the loss of business, all OT has been cut. This is unforeseen, even by the employees that have been there for 20+ years. That cuts my ~$1,000/week net pay down to ~$480-$500 after deductions and 401k loan payment which is automatically deducted every week. My pay varies because I work swing shift and there is a $0.52/hr. shift-differential for any work performed in the plant between 6:30pm and 6:30am.
Student loans went back into effect, and although I knew it would be happening, I didn't think to look at the amount. They are basing it off of last year's taxes and not current income, so they hit me with ~$320 this past month. I immediately logged in and requested a review and provided them with paystubs.
My property taxes skyrocketed this past year, so my house payment (escrow) went up by ~$190/mo. to make up for this past year's deficit and to have enough to pay the new amount when it is due again.
I have a ~$100k mortgage, value of house is estimated around $130k-$150k depending on which site you look at. My current monthly payment is now ~$870. (WI Homestead exemption is $75k, so I am ok there.)
No auto loan, 2011 vehicle with 161k miles fair to good condition, $3k-$5k private party value depending on what site you look at. (WI Vehicle exemption is $4k.)
I don't have exact figures on Student Loans because one of the servicing websites isn't working right now. I know that for the most part they cannot be discharged, but I would have liked to list everything in here.
$21k 401k loan
$76k in personal loans and credit cards.
I honestly thought about trying to get another loan to stay afloat in hopes things would get better at work, but there's no guarantee and then I thought about bankruptcy and started reading this thread.
I stopped spending on the cards and paying any of them a month ago after reading through posts here recommending that. I am learning to spend minimally, which is what I should have been doing all along. Hindsight is always 20/20, but I'd be so well off if I lived like I am currently while still making all of that money. Poor choices, poor decisions. I've definitely learned my lesson.
Without OT, my gross is approximately $52k, which is below the $66k median for WI. But I need to wait a bit longer for my 6-month gross to overcome the OT I had earlier in that period of time and get below a $66k average. OR is there an exception for that? As in, a lawyer can say, "Hey, my client has a large loss of income recently."
I Googled Bankruptcy Attorney's in the area and found 2 with great reviews. My free consult with one is this afternoon. While I was setting up an appointment with the 2nd one, he told me that he charges $175 for the consult. I would really like a 2nd opinion, but that's going to be difficult right now. Has anyone else paid for a consult? Is that normal? I tried looking it up and read an article that stated free consult lawyers may charge more in the end to make up for the income they lose giving their time for free. Just curious.
Thank you for reading, if you made it all the way. I don't think there was anything too exciting. This sub has been extremely helpful in looking at info. Thank you again!

Allowing for some discrepancies in reporting standards, this is the lifetime production and sales progress as reported in public filings as well as either Reuters or the WSJ.
Total produced:
As of:
1/1/24: 10,192
2/1/24: 11,492
—
Total Sold:
As of:
1/1/24: 4900 (Fisker)
3/15/24: 6200 (Reuters)
3/27/24 price cut
4/16/24: 6400 (Fisker)
5/1: 6500 (WSJ)
5/15: 6700 (my est assuming it was a good fornight)
—
Inventory Value:
Total Fisker’s Left x Cost of Ultra
(11492-6700 = 4792) x $35,000
= MSRP: $168,000,000
= Auction Price (40% off): $101,000,000
Reminder: Approx $1B in debt
—
Approximate Time to Sell remaining inventory:
4792 Fiskers / 400 Fiskers/mo in 2024
=12 months to reduce inventory to 0
—
Although the note holder may have first lein, they certainly (and I’m sure correctly) believe they can maximize how much of that $168 million they can capture by funding sufficient operations to direct “liquidation” pre-bankruptcy. At some point the economics probably change for them to favor bankruptcy, but there doesn’t seem to be any reason why anytime soon.
So in a backhanded vote of confidence, this leaves plenty of time for dealmaking, and even if eventual bankruptcy, perhaps time to release software updates and assemble other support for customers. Not saying this all ends as well, but I don’t know that it necessarily ends next week either.

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:

• $25,000 with 21% interest (Amex),
  
• $11,000 with 16% (LOC 1),
  
• $5,500 with 20.9% (Mastercard), &
  
  • $4,500 with 11% (LOC 2)

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

I'm 44 with no retirement savings. I just completed a Chapter 13 bankruptcy 5-year repayment plan, so I have no debt either, and I make a decent income, so I think this is doable, just need to understand how much I need to save each check/month now.
Salary: $200k
Bonus: $30-$50k/yr is pretty normal
Other debts and bills I pay each month that persist:

• Mortgage - $1800
• Child support - $1800
• General expenses/utilities - $1200
• Car payment - $325

From here I don't know what needs to go into a savings? Just everything left minus some spending money?
Based on my post-tax income, after the above, I wind up with about $5k (which a large % of that was going to the bankruptcy plan previously). I was thinking if I could start with $3k/mo into some retirement vehicles and then a good % of any bonuses I receive, I should be OK.
Can anyone offer some direction on this? Thanks.

Hi all!
Full disclosure, I do not know much about credit cards. I currently in bankruptcy law, so I have heard a few of the buzz words, but I am a novice. Also, this is one of my first Reddit posts, so if I make an error that professional Redditors frown upon, I apologize.
I am interested to learn what y’all think the best credit card is for someone who just graduated from college (finished my last final today!!) and is going on to law school. I currently have one small credit card that is tied to my parents with a 5k limit for every day use/emergencies. I only really put things like food, shopping, personal care, my gym membership, gas, etc. and pay it off at the end of the month. I nearly never get to even half of the limit.
However, this card has zero benefits to it. There are no rewards, no perks, nothing. It is through the local credit union back home that we do some banking through.
I am interested in getting my own credit card (time to be a man and grow up). However, I figured if I am gong to be borrowing all of this money to go to law school, I might as well make it work for me and get some perks and benefits for it. Essentially, I would use this new card the same way as my credit union card. My goal being to get some sort of benefit from the card. Thoughts?
EDIT: I am a current authorized user on the credit card. It is seen as my credit card. My parents are on it because I was a minor when it was opened.
TEMPLATE Current cards: (list cards, limits, opening date) • Local credit union, $5,000 limit, October 2016
FICO Score: • ~740
Oldest account age: • 7 years, 7 months
Chase 5/24 status: • 0/24
Income: • Internship: 20k (end in August); 21k in grad plus loans to supplement income once law school starts • Gift from parents: 12k ($1000 / mo)
Average monthly spend and categories: • Rent: $1,300 (will start in June) • Utilities/streaming: ~$200 (anticipated) • Gas: $120 • Groceries: $300 • Dining/going out: $250 • Gym: $60 • Shopping: $150
Open to Business Cards: e.g. • No
What's the purpose of your next card? • Cashback, perks
Do you have any cards you've been looking at? • Apple Credit Card - I get the offer emails every month. Looked into it last month. Unsure if it is good. • I have not seriously looked into it or researched any cards
Are you OK with category spending or do you want general spending card? • Ok with a little. Do not want to get too crazy with my first real experience with credit cards
Thanks!

So as the title says, I am in a bit of a pickle with the amount of debt that I have, but I feel like it is a bit more uncommon than most situations and I am wondering what my options are.
So I went to school to become a pilot and partway through I was diagnosed with type one diabetes, which is an automatic disqualify which is an automatic disqualifier for an FAA commercial for an FAA commercial medical. However, you can jump through a bunch of hoops in hopes to get a special issuance medical certificate.
So I elected to continue my training all the way through a multi engine commercial certificate and partway through my certified flight instructor license before I decided that my health wasn’t going to be good enough to meet standards for a special issuance medical and I changed majors. However, I racked up $180,000 in debt; 140k in private and 40k in government loans.
Currently, I’m using the snowball method to tackle this, but my payments are roughly $1600/mo wondering if there’s any way to help relieve this. I was able to get on the save program for my government loan so I only paid $50 a month for that. I also don’t want to consolidate my loans because my interest rates vary between 3% and 4.6%.
Any advice or programs that I could apply for to help eliminate some of this debt? Is it also possible work around way to apply for bankruptcy? could I potentially sue my school to get some of that money back?

Episode description: James talks to Mo about the supreme court’s decision not to hear the McKesson case, what it really means for protest, and wise legal strategy for protesters in a year of election and genocide.
Every time I hear an interview talking about this issue the expert says the same thing, which logically should mean that it's far more likely they are right, since they all seem to agree. They say it's not a big deal, and everything is okay, at least for now.
But then they say that the conversation isn't even about whether or not the person is guilty of negligence, but whether or not they can be sued for it in the first place. But that's the whole damn point! I don't care if the person is guilty of it in this case. If they can be sued then we are done here. That's actually what matters. If I can be sued because somebody at a protest that I put my name on the permit for broke a window, then I can never risk getting a permit.
Whether or not the organizer is found guilty is immaterial, as long as he can be found liable. And the fact that it is a civil issue instead of a criminal one is immaterial. Anyone who thinks being financially destroyed for the rest of your life is fine because you're not in jail is absurdly naive. Because you will end up in jail. Because they arrest you for trespassing when you sleep somewhere you shouldn't because you can't afford a house to live in anymore.
And they go on to say that the court isn't necessarily approving of the decision to hear the case, but their refusal to hear the case does result in the case getting heard. For real. Now it's possible for him to get found guilty of negligence because somebody at his protest hit a cop in the head with a rock.
The Democrats using the fat fucking Cheeto man as an excuse to open people up to liability in this way really does end political speech outside of corporations. And hear me out. If you form a corporation and that corporation gets the permission for protest and then gets sued for damage caused during the protest then it can just declare bankruptcy and vanish, but the price of that process is attorneys and accountants fees that put protest in the hands of only the wealthy as a means of speech.
So what I'm saying is, yes this is a big fucking deal, and often the expert who says it's not goes on to then explain why it is without seeming to fucking realize it. And the judge throwing in reference to the case where they decided that a threat doesn't have to be explicit to be counted as a threat as a explanation for their decision shouldn't make anybody feel better. If you are at a protest with a megaphone and you say anything that can be interpreted as threatening, even though you didn't specifically threaten or incite, you now can at the very least be sued into oblivion.
But don't worry, because you can win that case so this isn't a big deal... As long as you can afford to be sued of course. And you have a judge who is into cop, which is pretty fucking rare.
And I know the answer here is to not ever get a permit, but that suggests that saying someone should not get a permit creates liability, since your speech affecting my behavior makes you liable now. So be careful giving that advice I guess.
But maybe protest has always been a useless approach anyway

While opposites attract each other, they say, like captivates like, and the sprawling messy lives of Ayonna and Jamahl are like a streaming overflowing creek bed with water bouncing off, regrouping, changing course and flowing over the stony landscapes of their lives filled with haphazard children, arrests and family members who've seen and heard so much by now they can now only mutely stand by and nod to each other. Is it genetic? Ayonna's brother, Jaleel, did 4 years himself, and as he drives her to meet her-mother-in-law to be she hopes, Christine, and her daughters, one day before her sentencing, there is already a knotty history with how they first met. "They're about to put the steak on the grill," laughs Ayonna nervously to Jamahl on the phone, but he erases any nerves by mentioning that he really wants to wait 2 years before getting married. News to Ayonna who doesn't have much time to answer as they approach the park and, Christine, a poor man's Whoopie Goldberg, smiles revealing checkerboard teeth that have shamelessly adopted the stand-your-ground defense. Christine and her daughters know their Jamahl who suffers from a major case of the Herschel Squirts having fathered 6 children with 4 different mothers with whom he presumably co-parents. His first marriage, like Ayonna's arrest, wasn't his fault; it was Islam's fault that not only made him get married - for only 6 months, but forbid him to date, and this is all too piddlingly insignificant to mention even though he's "an open book." "You have nothing to worry about; don't be tripping," he soothes placatingly - like The Killer who promises his Victim he will let her go and when he aims, she cries, "You lied! You promised me mercy." "And you shall have it," he responds as he shoots her in the head quickly ending it - for him that is mercy.
Rick is that kind of guy who attends his high school reunions. All of them. But this 40th, this time, he will be sober and act responsibly and even remember it. Still, Samantha is concerned that Rick isn't a human walking billboard advertising their engagement so these lonely single women and di​vor​cées who always show up drinking too much and talking too loud looking for a second and third chance for love won't bedazzle him away from her. She likes marriage so much she's tried it a couple of times and she'd be happy to try it again even before she's released. He, on the other hand, doesn't want to upstage the event with any announcement, but she wants to plant her flag like Cook or Peary discovering the North Pole. Well, Rick is no professional hitman like John Cusack in "Grosse Point Blank, but he is grappling with a mid-life crisis, slightly torn between his present and past as Sandy, a forward-looking blonde, and Carol, "C.D.," a younger version of "90 Day Fiancé's" Claire, Sophie's hyperbolic mother, who fondly remembers a past hookup in the Westwood parking lot, swarm over him like bees to honey. C.D. has loved Rick since 7th grade and has completely missed the irony that his recent sobriety has tempered his phone calls to her. Of course, Sammy, who "don't trust them bitches" calls Rick while her high school buddy, Sandy, is standing nearby, and who has enough aplomb to not bat an eyelash and offer her congratulations as she then flits like a butterfly to disperse the news to the other attendees. Rick who loves Sammy, a multiple DUI and possible resisting/obstructing an officer and disorderly conduct offender, and his confidence builder, is contemplating his set pension and the fluid amount of cash required to move out-of-state to meet Sammy's non-negotiable demand to be with her children where he will default serve as a live-in stepfather and grandfather. And that's only the beginning.
It's 3 weeks until True's release and Shonta receives all her filtered photos (looking at you Mo'nique) back from prison. The explanation the prison spokesperson gives her is that explicit photos/nudity or contraband will be rejected as well as when the prisoner is in solitary confinement. She unsurprisingly takes her daughter, Monae, into her confidence and Monae is unsurprised at her mother's desperate attempts to find love and to give her all without getting anything back. True acts clueless as to why the pictures were rejected and blames the eponymously named Two Braids - whose "females bad and they dimes" relaying his photos to True for just checking them out. Shonta believes him as much as Drake loves Lamar and Trump will stop being openly contemptuous of court, and as much as we believe that even though True prefers white females, he's physically attracted to Shonta. He says this crouched over a table, thumb moving ploddingly towards his mouth as a reassuring pacifier, eyeballs straining to heaven as he cannot say this lie full fronal and arms crossed defensively. And still she'll give him another chance.
Candice is rightfully behind bars for burglary because she is stealing Andrew's money as this poor schlub is driving to Vegas to furnish a decent apartment with the help of her friend and mothementor figure, Denise, who looks a little "Misery's" Annie Wilkes, with a seemingly innocent smile hiding a terrifying switch between fanatical devotion and violent aggression. She could out her friend, but she stays mum as Andrew enumerates his expenses: $1360 rent per month, 36 hours driving and a minimum of $1600 gas, 15K spent on eight 2-hour contact visits, unspecified amounts for furniture, whether bought or rented, and the incalculable countless hours of lonely nights which will propel him to propose immediately. It's there or a well-care center that might go unoccupied and gather dust and rental monies until the prison decides on a parole address. MC Hammer is sort of a case in point. At the peak of his success he earned a reported $33 million in 1991, but over-the-top spending on luxury cars, a record company, airplanes and a $30 million home that he built from the ground up, which eventually sold for less than $7 million, ate into his fortune, so he filed for bankruptcy continuing to owe the IRS thousands in back taxes for the next 20 years. Andrew isn't exactly a one-hit wonder nor has he earned any serious bank, but he is about to lose it all because as soon as Candice is released, she will grab what she can and then announce, “U Can’t Touch This.”

I filed Chapter 7 through Upsolve on Jan 24th, 341 meeting 2/26, final objection date 4/26, and today I see on my Pacer account that it has been updated to Discharged.
I feel so much relief. Over 100k in debt (mostly medical and a nightmare hyundai elantra) is no longer my concern, and it's a massive load off my back.
I start a new job on the 28th that's more stable than my current one with a better pay rate, I have a replacement car that is under full warranty (RIP my old beater that gave me her all for far longer than she should have but was costing me nearly 200/mo in maintenance fees alone and suffering a severe case of car cancer). Now to just save up and get myself moved from my postage stamp sized apartment in a town with nothing to something better closer to my job (already have a lead on a place that accepts folks post bankruptcy so long as you have the discharge notice in hand. I know that will arrive at some point in the near future).
I have a Chime Credit Builder card right now, and I'm probably just going to stick with that for now instead of attempting to open a credit line. When I am able to move, U-Haul accepts cash payment, so that's not a concern.
I was originally concerned by the fact that everyone was saying to not use upsolve, and to get an attorney, but I could never pull together the $2000.00. So my hand was forced when I received two judgements against me and couldn't afford to have my wages garnished. But now that it's going through, I'm glad I didn't have to cough up that money as well. BUT! My case was fairly simple and straight forward. No property to my name (we rent), the car still in my name was only worth about 1k. The Elantra was already long gone and resold by the lien holder. Almost everything I own is second, third, or even fourth hand ownership. We were waaaaay below median income in my state for a 2 person household.
Sorry for the long winded ramble, but so much stress is gone that I can barely contain my joy right now.

Long story short, COVID really screwed our business and we damn near lost everything. I went from attacking my loan balances, to filing for chap 11 in about a 6 month period in 2021 so we could keep our house. I had around $130k in a private refi/consolidation (from private loans taken out at way worse interest rates), and $50k federal. Private payment was around $1100/mo. Federal was $300/mo. It's high yes, but manageable with our income, and I was even paying extra most months.
I've started to pay my federal loans since interest started back up last year, but I hadn't been able to keep up with my private loan payments on top of my chap 11 payments. Both me and my wife have lost significant income since 2021 (bankruptcy was only in my name), and inflation has really gotten to us now the past 6 months. So I got REALLY behind, and now the interest has really ballooned my private refi...my balance is now $150k+, nearly $30k in interest has accrued. I'm out of chap 11 in 2026, so if I don't pay my private refi until then (and it's likely that will happen)...the balance will be around $175k.
So my question is, what can I expect to happen with my private refi payment once my chap 11 is over? Is the payment going to jump up a bunch? Can they extend the loan terms to keep my payment the same? Am I just screwed with a giant payment? Any options whatsoever? I can't get any answers on the phone when I call. My bankruptcy attorney is no help (and was no help with my loans from the beginning - huge regret not finding one that knew how to work with them, I went with a family friend...I beat myself up every day over it). Private refi is through sofi, serviced by mohela. It was a 20-year term at 7.2%.
Simply put, If I'm hit with an $1800+/mo payment after my chap 11 ends on my private refi, I'm not sure I'd even be able to avoid default with that type of monthly liability until 2038. This is really really weighing on me and causing a ton of anxiety. I just want to know what to expect, what options there are, etc so I can TRY my best to prepare to take this on, as my chap 11 is nearing the end.
If it helps at all, the chap 11 was only in my name, we live in PA, & my wife has 0 attachment to any of this. The refi was taken out before our marriage. I'm also not on our deed/mortgage/vehicle titles/etc, that's all in her name as we had to buy a house, vehicles, etc while I was still in bankruptcy. I have absolutely 0 assets or net worth attached to my name.
Any advice or guidance would be greatly appreciated.

Hello po! It has been a month since I used digital banks and I wanted to open another account. I'm torn between UNO and Own bank. I researched about them through this sub reddit, facebook and sa lemoneyd lang. I didn't searched sa official sites nila kasi syempre they'll promote their products and mga magagandang reviews lang ang pinapakita. I wanted to know more of their pros and cons, and ito ang nalaman ko so far:
UNO Digital Bank

• owned by a Singapore-based fintech company
• 3.5-4.25% p.a, with life insurance, daily crediting (Lemoneyd)
• 5.5-6.5% p.a sa TD
• pahirapan sa pag cash out ng money
• CS (no idea)

Ownbank

• owned by Rural bank of Cavite City
• 6%p.a, daily crediting (with life insurance daw sabi sa Lemoneyd)
• 6.3-8% p.a sa TD
• may issue na matagal or hindi nag rerelease ng bank statement / bank certificate
• CS (no idea)

QUESTION:

1. I think I read somewhere na hindi mo ma tatransfer yung interest kasi may limit but I'm not sure kung sa UNO ba yun. Di ko na kasi nakita ulit yung post pero kung 10,100 yung nasa account mo ang interest ay yung 100, ang ma tatransfer mo lang daw is the 10,000. May idea po ba kayo anong bank ito? Ito ba yung pahirapan mag cash out sa UNO? Sa mga may UNO account, what are your ways to transfer and/or cash out your money?
2. Sa ownbank po, how true is it na hindi sila nag rerealease ng bank statement/cert? Ito po kasi ang kailangan as proof na may account ka sa isang bank and para ma claim ang insurance sa PDIC if ever ma bankrupt sila. May trust issues lang po kasi rural bank lang sila and baka biglang mag declare ng bankruptcy tas wala akong hawak na docs.

Very enticing po talaga si ownbank pero dahil talaga sa issues nila, I wanted to go for UNO na pero if mahihirapan naman akong mag cash out ng own money ko then what's the sense. Can anyone please help me and share your experiences nlng din sa both banks. TYIA

I am seriously considering filing for Ch 13 bankruptcy. I spoke with an attorney today but he only does Ch 7 and said I dont qualify because of my income. Right now I have about $133k in unsecured debt, primarily credit cards and a personal loan. I also own a car and home. I am current on all payments but just making the minimums and barely enough left over for food/gas. My salary is $90k and I am also 100% VA disabled which brings my total income to $132k. I support a parent who I claim on my taxes. Is there any way to estimate what my monthly payment might end up around? Currently I am paying roughly $3300/mo in minimums on the CC and loan payments. I am also seeking more information on what these court ordered payment plans are like. I keep seeing people reference having to ask to make purchases and I'm just wondering what kind of purchases that means? Do they lay out a monthly budget like $2500 towards the bills, $xxx for food, gas, etc? I'm just trying to learn what this might look like, esp. with taking care of my mother who has very little income of her own so I am responsible for the vast majority of her expenses. Thank you.

So husband and i are arguing about 2nd jobs. I lost medicaid when we got married, im t1 diabetic and 22 weeks pregnant and because of some dhs bs i can't join open enrollment and our monthly dhs deductible is 5k. We make 6k/mo.
He found a 2nd job but he had to be to work at 5am, work 10 hrs, then go to his 2nd job 530-1130pm. I told him that's not feasible and dangerous. I cant work a second job as i already wfh and do 50hrs a week and take care of our school aged children.
He said wont find a weekend job because he wouldn't be able to spend time with us or his daughter and do fishing......he doesn't do any of that already.
I just dont want him driving 20k lb trucks for that many hours a day and going without sleep.
Mind you it takes him u til 1-2qm to fall asleep most evenings just going a 3-11 shift. And he gets woke. Up at 8am because he is a light sleeper. I get the kids up and around and he hears doors wobble and wakes up. Ive tried telling him take some sleep medicine, tea, and he just doesnt. I am a high risk pregnancy, and being type 1 its already difficult to work full time which is why i wfh. None of this is either of our fault. Dhs approved me for medicaid and then terminated me may 1st, and then said i have a deductible, and its just insane rn. 😳
I dont want him working than many hoirs and hurting himself. He was rear ended badly in dec and now has more medi al issues in his back because of it and im afraid both of these jobs(lifting 40-100lbs) at any given time will take him down more. He was due to start state police academy in jan but because of the accident, he no longer can...
We have 4 children together. Rent is $1400/mo 1 car payment (we had to because paid off veh was totaled and we needed a 3rd row asap) $400 Utilities combined $390 Phones $290 (verizon contract were stuck in and cannot leave now) Food (i stick to about $75-100 per week and it feeds us all for 7 days) Loans from the accident we owe about $3000 just in his medical bills because michigan insurance wont cover ot we have to sue. We filed bankruptcy in march because of the debts, We cut all cable and subscriptions so none there. I pat internet which is $100 (wfh) Car insurance full coverage $500/mo. We would lowerbit but cannot because we live near flint MI and no one has insurance ...
My medical supplies cost $3k/mo with insulin, pump supplies, pots medications, thyroid medication, my daughters inhalers and steroids, her neuro psych visits, my maternal infant health bull is $1300 for 1 visit, and expecting another same visit on the 22nd for about the same.
My husband donates between paychecks to help with gas or the kids extras but its been hard.
Yes we gross $6k/mo but with all these bills and take home we make maybe 5100 if were lucky.
By the end of the month were scrambeling.
We used to use our paud off veh to doordash but we cant risk it in our new vehicle. (Ita not even nee, its a 2011 traverse 3rd row and we got fucked bad on monthly payments because of the bankruptcy and we needed a veh asap)
We have no credit cards, we dont eat out and if we do we coupon because we travel alot to our parents homes. (My mom died in march and his dad died a week ago) our parents each live 150 miles on opposite directions of us so. We spend about $100in gas every other weekend 😒
What's a good solution here

I’m hoping someone can provide options for me to think on.
I’m a 48 y/o, SAHM to two teens. I stopped working 15 years ago to raise my children and until recently never needed to go back to work for financial reasons.
Mortgage is $700k, Second is $190k. Home value, $1.9.
Loan 1: 3300/mo, 2.75% Loan 2: 1200/mo, ~5%
Income: $350k/year
Debt: $165k
Thru a series of terrible life events we have incurred about $165,000 of credit card debt. Roughly $50,000 is due to us from insurance company, leaving $115,000/debt
About 1/2 debt is 0% Other half 25-30% interest
The events have caused a tremendous strain on our family. We didn’t have debt before the pandemic, we actually took out the second to do some remodeling, then shit hit the fan and we blew thru the second and got into a load of debt.
The house was remodeled. That’s the only good thing.
During the pandemic we started getting behind on quarterly tax payments, income structure changed, delayed/changed dates followed by natural disasters. One thing led to another and the IRS sent us to collections for 2021 and 2022. They marked us as unable to pay. I’m unclear what prompted that or if it was a result of pandemic fallout assumptions.
Fast forward, I filed for legal separation last month. Between spousal/child support, my husband will pay out about $10,500/mo.
If I stay in the home this amount will cover - mortgage, second, property taxes, insurance, utilities and leave about $3-$4k/mo.
I think the majority of the debt is in his name, but I need to find out. I still feel responsible for an equal share, I just don’t know how the debt being in his name will be factored in.
I’ve never looked into bankruptcy so this is all new to me. From the limited experience it sounds like ch 7 isn’t an option and ch 13 would have us repaying the debt. How does spousal/alimony affect ability to repay debt in bankruptcy?
If we stop paying the cc’s, interest will stop accruing at some point? The debt will be sold and if we are sued, hopefully we will have been able to save the money to give an offer to settle.
Or we take the money from our 401k and take the hit, 30+10? Or a portion of the money to cover the accounts we are paying interest on?
I really don’t know what way to turn. We are current on all cards, never late but I fear that may be coming to an end soon.
To add, our pay isn’t consistent. Four months a year about $9k a month comes in. The remaining months bring in an additional $10k. I can’t give exacts because every year something changes.

Extremely high risk play, but...
In bankruptcy proceedings, yet happily adding dealers to the network.
https://finance.yahoo.com/news/fisker-adds-six-locations-three-103000993.html

• Fisker has added three new dealer partner locations in California: Lumin Fisker in Sacramento; and LA Fisker and West Covina Fisker, both in Los Angeles County.
• Fisker has added two additional US dealer partner locations: Fisker of Kansas City, MO, and NEPA Fisker of Forest City, PA, and Fisker Guam, a distributor in Guam.
• Fisker has now signed agreements for twelve dealer partner locations and distributorships in the US and US territories.

Fisker has had a bumpy few months, to say the least. After the company said it would need to partner with another automaker before it went bankrupt, talks with Nissan fell apart. Then Fisker quickly slashed prices on inventory for a version of the Ocean SUV that may or may not even exist. But there’s still a small glimmer of hope.
According to Business Insider**, CEO Henrik Fisker held an all-hands meeting last week and told employees that at least four automakers are still interested in a potential stake in the company. "We do have four car companies that have signed NDAs," Fisker told his employees last week. "However, they obviously need time to get to some diligence."**

vent lang. please don't read if di kaya ng headspace. I just really need na outlet cuz wala talaga akong kasama.
ever since the silicon valley bankruptcy. I got laid off from my outsourcing job. Im still unemployed and I've been trying to get a job for 3 months now.
everything has been eye opening for me. ever since I lost my job and in my lowest of lows rn. everything looks so much clearer. realizing na the people around you aren't really as authentic as you thought them to be. I have this urge to hermit myself for next few years and just focus on grinding for success and do stuff ( like vacation and stuff on my own) but I also realized the distance that I have with my "friends"
alam mo yung nalalaman mo di na align yung values mo sa kanila. we all have our struggles pero ang hirap ng makisabay cuz its eating the fuck out of you.
the final nail in the coffin is slowly realizing na yung alignment philosophies ng 4 year SO mo di pala ganun ka authentic.
May pagka sexist tendencies parin siya and ingrained parin yung pag i-invalidate niya about women's experiences. this means a lot to me because I came from a abusive household na may violent na dad.
i can only count my friends with my own two hands lang. that I nurtured for years and it feels so debilitating na relationships spanning from 4 to 13 yrs turns to this realization.
i have an interview pa mamayang 1 pm and I need to out out my A game but it's so hard.
will I even live to see my 30s? I don't think I can anymore. ever since I turn 25. everything just went to shit. our world burning up, countries going to war, losing my job, dealing with financial problems and now realizing the very relationship you nurtured were toxic pala all this time.
i feel so alone.

I am going through financial hardship and cannot afford to continue to pay off my current debt in addition to my general cost of lively hood. I am on disability and will not be able to get a job anytime soon. And since my medications are about $30k a month, I will need to be on Medicare to cover my health expenses alone. Looking to explore other options to settle these debts before I decide to file for bankruptcy, which is my last resort. Planning to contact the CC companies and see if they can lower my payments and close my accounts so that I can pay off these debts. I get about $1600 on disability. In total, I owe about $37,808 in debt. Which I know is not a lot compared to others. But for being on disability and the cost of everything, I'm left with barely just enough for gas. Fortunately I am living with my significant other and she has been covering food and other misc cost that comes up. Any advice and suggestions will be helpful. Thanks.
Debts. Balance Owed Limit
CC1 2070 3000
CC2 3794 3862
CC3 4490 8000
CC4 3454 5000
CC5 9000 10000
** auto loan for $15k, monthly payment of $308.
Monthly debt & bill payments are $1083/mo.
Rent is about $300.
Which leaves me about $217, left over.

I am horrible with building budgets and any and all help is welcome.
32M Calgary
I am currently in an open bankruptcy and need $5,000 to open my account back up with Grant Thornton.
I owe $3,800 to CRA I own my car My rent with unities is $2,000 And my insurance is $1,200 tri monthly. I have $4,000 in CC debt I make $3,000/mo
Monthly Expenses: Prime video - $18 Disney+ - $14 Crave - $20 Netflix - $20 Spotify - $15 Gym - $22/bw Groceries - $400 Haircut - $50 Xbox - $18 Internet - $110 Gas - $120 Cellphone - $235
What would you do in my situation to get rid of this debt? How much would you save? What would you get rid of?
Thank you so much in advance. I honestly don’t know where to start or where to turn to. I feel so lost and defeated.

I’m needing to move to another state in 3 months. My credit score is ~520 and i have about 11.5k in debts that are in collections.
I’m trying to decide between bankruptcy or a debt relief program. i put my information into nationdebtrelief website and it shows $275 a month for a payoff loan. Is this practical?
i make around $3800 a month currently. Most of my debt came from my previous marriage where i was convinced ( and stupidly agreed ) to use my cards and my accounts for everything. i haven’t been good about saving or paying things off when i was able to. but now im not in a position to pay the $900/mo i’d need to make payments on all these accounts.
Should i peruse bankruptcy or go with a debt relief loan or something?

Vuong Pham said “Vinfast is the pride, honor, and the future of Vinfast and I will never quit Vinfast”. And with that, he officially seal the fate of Vingroup as well, not just Vinfast (or risk being a liar or a hypocrisy later, as if he is already not).
Vuong Pham, in his words, shows that he sees the root of the Vinfast’s problem is that Vietnamese people don’t know about Vinfast EVs to switch from ICEs to EVs, and that people fear of lack of charging stations. With that assessment, his solution is to to spend more on marketing to educate Vietnamese people and promise to spend 10,000 B VND to build more chargers.
Well, I can assure you that all Vietnamese people have known about Vinfast, it is not that people don’t know what Vinfast is. Vinfast has organized many test drive sessions already in Vietnam. So more marketing won’t change a thing. Vinfast is using all kinds of marketing tricks, employing legion of online seeders to praise the cars and recruiting celebrities in Vietnam to promote the cars. They have already done that. With little result. Well, actually with good result in Vietnam: Vuong Pham can sell about 1000 EVs each month in Vietnam. But that tiny tiny sale is no way to feed the monster Vinfast. It is just like a person drinking one droplet of water each day in the middle of a desert! To put it colorfully.
More charging stations won’t solve Vinfast’s sale problem. The charging stations are fully occupied by GSM taxis and more stations just alleviate the crowded problems for owners, a bit, but it won’t drive people to buy more EVs in drove. EVs changes driving behavior: people charge at night and drive at day. Pioneers who bought EVs are affluent and can charge at home. Vuong Pham already got most of them in Vietnam.
In Vietnam, BYD is 99.9% sure to open stores in June. According to an interview, their initial target is 5000 EVs for the last 6 months, or about 850 EV / month, nearly as much as Vinfast 1000 EV / mo and this will eat into Vinfast sale for sure. BYD, with a better quality car at cheaper price will kill Vinfast in its home turf. BYD, with its deep pocket, is already partnering with third parties for charging stations.
Don’t let the meme of Vietnamese people don’t buy Chinese goods fool you. Vietnamese buying electronic and consumer Chinese goods all the time, in droves, many of which are going into Vietnam under local brand names but manufactured in China. Or take smartphone as example to understand what the numbers say. Oppo + Xiaomi + Realme has 46% phone market shares in Vietnam. This is a fact. You can google it. There is some die hard Vinfans as well as there are some die hard anti China good Vietnamese but the reality is what the numbers said. Of course, in terms of politics, 90% Vietnamese don’t like the communist China, they have fought each other for thousand years, but in terms of economy, good quality Chinese products at cheap price will sell with Vietnamese. BYD is a strong brand.
And not just BYD, SAIC is planning to bring the Baojun Yep too Vietnam. The one that VF3 copies. VF3 is not yet launched and the Baojun Yep is on the second generation already. The Baojun is 100% sure will be cheaper than VF3, by how much I don’t know.
That is the situation in Vietnam. Oversea, there are even more competitors. There are Chery, BYD, Hyundai in Thailand, Indonesia. Tata, BYD, Tesla in India. Tesla, Rivian, Volvol, Polestars, Kia, Hyundai in the US / Canada. The buggy and new comer Vinfast is no match in oversea markets anywhere at all. Well, maybe ... on Mars.
Little sale and increasing debt means Vuong Pham has to pump in new money quarter by quarter to keep Vinfast alive. To the tune of $600-800M each quarter. His $1B is chump change in the case of Vinfast, only able to subsidize Vinfast for 6 months. And he does even not have $1B in cash. He gotta sell stock for that.
There is no cure for Vinfast no matter how much or how little money Vuong Pham is pumping into it. Huge debt, little sale, with non competitive cars.
Vuong Pham’s thinking is the same as a Vinfan's: now he finishes the product line, "just need to focus on selling them". He and Vinfans think Vinfast exist in its own universe with no competition. From other EVs and from ICEs as well. And that he can use censorship and media control in Vietnam to drive sale with lies and hyperbole marketing. There is virtually no news of the lawsuits against Vinfast in Vietnam! Of course, Vuong Pham money keeps the Vietnames media silence. And despite the bad 1Q 2024 missing both the top and bottom lines, Vietnamese media universally paints 1Q as a great result for Vinfast with the "huge increase YoY". Not.
By saying he will not quit Vinfast, Vuong Pham will use more and probably / likely all of Vinhomes, Vingroup resources for Vinfast (it is funny that his puppet CEO of Vinhomes on one day saying that Vinhomes does not finance Vinfast and the next day her master said the opposite thing: all resource of Vingroup is for Vinfast). He is so mad and desperate that he literally all-in Vinfast even though it is a very bad hand, to avoid admiting failure early. He is trying to bluff through the situation, hoping sale somehow will miraculously explode or somehow some white knight (or actually Saudi guys) will come to the rescue buying Vinfast shares. Only in Vinfans’ dream. None will happen. In the real world.
And that mean Vinfast will last a bit longer, Vinfast debt will climb to $13-14B from $9.3B now. And then, the bankruptcy of Vinfast will take down Vingroup and Vinhomes as well, so aftermath, Vingroup and Vinhomes will take a huge hit. VIC and VHM go to 10K VND. When that happen, Vuong Pham will no longer a paper billionaire.

I own a house in AR which is currently under a Chapter 13 bankruptcy that will be ending approximately August 2024 and will go back to paying my regular mortgage payments. Balance on the loan is $113k at 3.75% interest with a monthly payment ~$1050. I currently pay $1400 to a trustee on the Chapter 13, so when the bankruptcy is over I will be paying $1050 on mortgage and will have to resume paying back a student loan debt of ~$90k with a minimum payment of $570. I also currently rent out the house to a friend for $1400/month. Problem is she is not a very reliable renter and often pays me late or not at all some months,, so currently she is probably behind about a month or two. Considering if I should not renew her lease when it is up in August but then will have to pay a property manager and make significant repairs to the property. If I sold the house now I believe I could get roughly $200k for it, and (very rough estimate) $60k profit after costs. I also now live in Hawaii and am stuck living here for the next 6 years due to having joint custody of my 11 year old daughter and don't plan on ever moving back to Arkansas. I started a state job in February of this year which will qualify me to have my student loans forgiven after 10 years under PSLF. I also owe $35k in tax debt from working as a travel nurse in California during Covid and claiming exempt on taxes (was going through divorce and mental health crisis at the time and making poor impulsive choices). This is a breakdown of my monthly expenses as projected in August when bankruptcy will be over:
Rent: $2200
Utilities: $800
Child support: $205
Cainsurance: $370
Mortgage on house in AR: $1050
Student loan : $570
Food: $800
Gas: $300
Gym: $169
Massage membership: $88 w/tip
Cell: $40
Save (projected): $800
My current salary is $120k, my job automatically takes 8% pre-tax for a hybrid pension plan and I plan to start saving another $800 or so on my own in some kind of investment account which I havent figured out yet, which would give me $1500 in saved/retirement money or 15% of my income. Take home pay is right around $7k/month, plus the $1400 in rental income. After expenses this leaves me about $1k left after taxes and bills are paid (this money would likely go towards childcare, Christmas savings, incidentals for my child and I, etc). Should I bite the bullet and try to sell my house ASAP and use the proceeds to pay down my tax and/or student loan debt? Or consider raising the rent to market value (I believe I could get $1600/month rent) to cover the cost of a property manager and kick my friend out and continue to receive around $300/mo in rental income. I have no savings or emergency fund and am currently living with my bf who will be moving to WA state. Long term plan is to get my credit worthiness up so by the time my daughter graduates from high school in 6 years I can move to WA and obtain a state job there which also will qualify for PSLF and have a VA mortgage loan that can be used for another property while splitting housing expenses with him on the house he ends up purchasing there.
​
​
​
​