OK I am going ANON but I need some opinions here please.

I am in a better mood (non-stressed and totally excited).
My DH and I filed bankruptcy and we sign the final papers in a few weeks with the courts. We are letting go everything we have (including the house). The only thing we are keeping is our vehicle.

We are not credit card junkies we are normal poor middle class people who live pay check to pay check. We work hard and live right. I lost my job and my unemployment ran out and still no luck with getting work. I have a PT job and make a little bit of money weekly. But until 18 months ago I made more than my DH and now he is the bread winner. Which I love him for.

Anyways as I was saying, I am so excited to know that we are finally going to be able to start over from scratch. We owe our home but since times are getting bad where we live our home is now worth less than 1/2 of what we owe on it and the neighborhood is going down hill fast and we have to move for so many reason. Things have been so hard for us for the last 3yrs or more and finally we are catching a break.

So is it bad for me to be happy about all of this. We are going to be able to stay in our house until May 08 without having to pay a mortgage payment so we will be able to finally put money away plus with tax money we will finally be able to have money in savings to save us if we need to.

We are going to rent for a few years until the economy picks up and then decide from there.

I am so excited for the holidays our kids will finally be able to have a nice Christmas and we will be able to get them some things that are on their list.

Is this bad for me to be happy?

By Mrs_B on Tuesday, November 11, 2008 - 10:58 pm:

You know, a good friend of mine and her husband had their bankruptcy finalized about 3 months ago. I have never seen them so happy in their relationship with each other and on their own, so stress-free and so ready to start fresh, the right way. This is the first year they will be able to really celebrate the holidays. While I don't think bankruptcy is always the BEST decision, I can't help but share in their happiness and support them. It makes me happy to see my friends happy.

Good luck and enjoy your holiday season.

By Anonymous on Tuesday, November 11, 2008 - 11:47 pm:

I'm facing a bankruptcy, and plan to file soon, due to medical bills and a couple of poor choices in debts. I don't think it's wrong to feel relief, it's not like you set out to file, and there are lots of things that make filing hard, so enjoying a little peace and the lack of stress is not a bad thing. I'm sure you, like me, have been feeling horrible and stressed out over all the debt and collections and the job market being down, so you deserve some good days. Good luck, I hope everything works out.

By Anonymous on Wednesday, November 12, 2008 - 08:43 am:

I filed bankruptcy and I was ecstatic. For us it was the medical bills that made us decide to file. I was happy after we filed. I was no longer afraid to answer the phone. That was liberating! I was no longer constantly doing math in my head about how much to pay on bills in order to get it paid off in x amount of years and it never work out or it was more than 10 years away.

I wasn't someone who charged up a bunch thinking I'd just file bankruptcy and it doesn't sound like you did either. It's also a relief for you I'm sure because filing is no picnic and all the tedious paper work is done. Good luck to you. I will tell you I filed 2 years ago and my credit score was still the same for a long time because not everything cleared off my credit report. I had to call the credit bureaus and have them removed. I didn't check them for a year so if I were you I would check sooner.