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Reply to Theresa Romaker
Sent May 22, 2006 7:34 p.m. (20 hours and 17 minutes later)
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Hi thank you for getting back to me.
Mortgage normaly is 962.00 but i fell behind and had to set up a repayment plan and it is now 2087.00, the electric bill runs about 300.00 a month, phone bill home, 61.00, trash and sewer are the same they run about 38.00, credit card bill. 350.00, personal loan 2800.00, I have just made alot of bad choices and i am trying to make them wright but i put out it seem like more than i bring in we have cut out on all the extras no fun stuff any more, i got us in a bad way and iam asking if someone can help me get back on my feet, i work real hard doing heavy equipment service and repair, i dont ever ask for help i try to work it out but this time i just to far in over my head, if i cant get caught up on the bills and payments they are going to start taking back, with in the next month, if you can help me or know of someone that can please let me know soon, it is real stressful just not knowing what to do. thank you, Tim H
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Reply to Theresa Romaker
Sent May 22, 2006 7:54 p.m. (8 minutes and 1 second later)
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Hi yes i`m worried it is not knowing what could happen next, it has put me on edge, i have been late for work from not sleeping well, praying alot that something good could happen,we have worked hard for what we have, and i don't know what i would do if i lost it all, my monthly income after taxes is around 2800-3000,
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Reply to Theresa Romaker
Sent May 22, 2006 8:03 p.m. (5 minutes and 7 seconds later)
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Hi the personal loan is total. the credit card is the total that is owed the same with the prsonal loan i try to pay so much each pay check to bring them down but it justs seems like it never changes,
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Answer
May 22, 2006 8:24 p.m. (21 minutes and 9 seconds later)
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ACCEPTED 
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Hello Tim:
From what you have posted your monthly debt is 2836.00 and this doesn't include groceries and life necessities.
It appears that your entire pay check is gone each month. While there are many things that can be done to reduce spending, your debt ratio is out of balance.
I would suggest that you see a bankruptcy attorney. There are several differnt ways that you can file for bankruptcy and they will advise you on what would be in your best interest. You don't have to lose everything. This is a misconception of many people,
From the comments that you have made on your post, I gather that you want to stay in your home, get your financial situation in order and start fresh.
One form of bankruptcy that is available is a reorganization. In this, you continue the responsibility of paying your debt, but it is done through a clerk of the courts.
In a reorganization, all of your debt is examined as well as your income and the court decides the amount of money that you will have to pay on your debt every month.
I don't want to make this sound easy, because it isn't. The courts will over see your finances and you will have expectations placed on you by the courts. However, your current debt load will have the opportunity for being reduced. And life will be less stressful.
If this has been helpful to you, then please accept. Positive feedback is also welcome.
Best of Luck to you and your family. Don't waste more time on this, get out there and get a lawyer.
__________________
Terri L. Romaker
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Reply to Theresa Romaker
Sent May 22, 2006 8:36 p.m. (11 minutes and 54 seconds later)
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Hi thank you for your advise,do you know of any organization or persons that might be able to help me i just need to get back on my feet and i think i can work out the spending and budget, yes we did leave out a few things gas for the cars insuance,food, that adds up to about 600-700 a month,thank you again,
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