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What options are there for someone beyond the financial breaking point?

Whilst doing your time in the Military (If you so chose) try to learn as much software development as you can. Programmers make ALOT of money. Something i am very seriously thinking about going back to school for or learning on my own. Because I have this fancy Networking Degree is worth didley in this economy without at least 4 years EXP.
 
Pho3NiX said:
Honestly If you have already sold pretty much all superfluous things I'd agree with B and I'd suggest you to go and talk with your bank about bankruptcy. The worst thing that can happen is that you go out with more information. And you realize you are worthy as a person no matter how other judge you.

Honestly I'm 22 too and here's how I see it: Do abandon your hard effort to get money and job. However you can do both that and bankruptcy. Try investing your hark work to your future, not your past.

You really don't need that much the credit system, it's that system that ****ed up America. After bankruptcy make the student loan a priority and start saving money. Let be those saving the pride you have in building your life. Be your own creditor if possible: If you get some money from those saving, pay back interest to yourself at the market price. If you do that in maybe two years from now you may have enough saving for rolling out with life and not even thinking about the fact you are out of the credit system.

If you get in right now.. you may be have enough money to get out just at time for your next big loan : the house. If you have saved for 7-10 years you may even have a very good folder because you can advance a big portion of the house cost at the moment of the loan. If you can use yourself to go dept free route then you'll be better than 98% of America even if there was a bankruptcy in the young day.

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After the economic crisis a lot of honest worker will have a bad folder I'm pretty sure the pressure can only go down. Also be sure to get advantage of the soon to be public health care, you wont have 50000$ debt in 3 seconds if hit by a car. Really you do not have to see bankruptcy as the fail of your efforts.
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Bankruptcy is still scary as shiz and effects car loans, and everything else. You know even getting into the ministry is sometimes effected by credit? To go through my churches parent organization of becoming certified and eventually ordained you have to have good credit to enter the program. WTF?

I hate the credit system, with a passion. But wont bankruptcy effect apartments, vehicle loans, financial aid, future student loans, etc,etc.

D3vildog said:
Whilst doing your time in the Military (If you so chose) try to learn as much software development as you can. Programmers make ALOT of money. Something i am very seriously thinking about going back to school for or learning on my own. Because I have this fancy Networking Degree is worth didley in this economy without at least 4 years EXP.
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I cant do computer software/programming stuff for a career. I would go crazy.
 
Bankruptcy, collection accounts etc etc will 100% effect renting, car purchases (although these days almost anyone can get a car there so desperate) and possible job applications.

More and more companies are looking at credit, and 99% of landlords/rental companies check credit, anything in collections and your pretty much screwed.
 
searl12 said:
Bankruptcy, collection accounts etc etc will 100% effect renting, car purchases (although these days almost anyone can get a car there so desperate) and possible job applications.

More and more companies are looking at credit, and 99% of landlords/rental companies check credit, anything in collections and your pretty much screwed.
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This may be true in some situations, some of the time for a period of time. It does NOT last forever.

I have known and seen many who have returned to very good credit standing with 24 months of bankruptcy. They have gone on to purchase homes, cars and acquire consumer credit.

You need to decide if you want to be a slave to a debt beyond your means, at the expense of your health and happiness, forever, or learn your lesson, correct you financial practices, suffer some consequences short term, struggle for a short time and return to a reasonably comfortable healthy life.

For some, without the expense of the bad debt, they would not need credit to carry on living within their means.

Debt stress kills!
 
B5150 said:
This may be true in some situations, some of the time for a period of time. It does NOT last forever.

I have known and seen many who have returned to very good credit standing with 24 months of bankruptcy. They have gone on to purchase homes, cars and aquire consumer credit.

You need to decide if you want to be a slave to a debt forever or learn your lesson, correct you financial practices, suffer some consequences shoirt term, struggle for a short time and return to a reasonably comfortable healthy life.

Debt stress kills!
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Good **** right there. Still young enough to bite the bullet and have time to make it up.
 
B5150 said:
This may be true in some situations, some of the time for a period of time. It does NOT last forever.

I have known and seen many who have returned to very good credit standing with 24 months of bankruptcy. They have gone on to purchase homes, cars and aquire consumer credit.

You need to decide if you want to be a slave to a debt forever or learn your lesson, correct you financial practices, suffer some consequences shoirt term, struggle for a short time and return to a reasonably comfortable healthy life.

Debt stress kills!
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for sure man, Ive also seen some great recoveries, I myself am recovering from some past mistakes...it is however a tough road but certainly one that can be overcome.

Keep your eye on the prize....recovery, and one day a beautiful home to call your own, noone living above you or below you, no landlords...truly the dream if you ask me, a place to once and for all call your own.

Sure keeps me motivated.
 
searl12 said:
for sure man, Ive also seen some great recoveries, I myself am recovering from some past mistakes...it is however a tough road but certainly one that can be overcome.

Keep your eye on the prize....recovery, and one day a beautiful home to call your own, noone living above you or below you, no landlords...truly the dream if you ask me, a place to once and for all call your own.

Sure keeps me motivated.
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in the country?
 
nah just a smaller town or city, 125,000 is the most Id want in a city where I was buying a home, but Im not really the out in the country type of guy.
 
searl12 said:
nah just a smaller town or city, 125,000 is the most Id want in a city where I was buying a home, but Im not really the out in the country type of guy.
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Ah, i guess its my loaner mentality. Id rather have 40 acres to myself and not be bothered by people. Lol or a house up @ superior with a boat. lol
 
D3vildog said:
Ah, i guess its my loaner mentality. Id rather have 40 acres to myself and not be bothered by people. Lol or a house up @ superior with a boat. lol
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I liven In Barrie Ontario for 25 years....right on Georgian bay...125,000 pop. quiet, friendly people....go 45min south to Toronto and you would swear you were in Bangladesh or Afghanistan.

Smells like a landfill too, no thx!
 
airram479 said:
Oh yeah BTW Dave,that might be the case if your working for some sorry-ass OTR outfit that only pays you .25 cpm,if you are in that scenario that is your problem.
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I only have 2 full time drivers now. We own 6 trucks. Generally speaking the only driving I do is team leading up to the holidays. Most of us make 2600-3000 a week during season. I'm an accountant now. Started off as a driver. I don't know when you started but its rougher for rookies these last 24-30 months then I've ever seen. A large problem that is making it worse is Werner using rookies (students actually) to team drive lanes that should be, ideally, a solo run but giving the trucks a huge downtime advantage. The trainers they have running with these guys have as little as 6 months experience themselves. Then you have Swift importing Puerto Ricans to work for 24-25 cpm. Major consumer prod logistic co's (CEVA comes to mind) have agreements with the state department and IRS giving them huge tax advantages to hire Somalian humanitarian refugees that are being settled all over the us near trans hub and along lanes. Chicago, Eagan and Boston being the first that come to mind. All that said, I don't think of myself as driver anymore. If I did I'd be trying to grow my freight co. instead of building an accounting practice and running it on the side keeping a market presence and picking up scraps from the major haulers in the holiday lead up. Three years ago I couldn't have agreed with you more, now I think it's a terrible call unless you a friends or family that can get you a solid job. (I pay both my solo guys 42 cpm base 3cpm for hazmat and 2cpm if they are out more then 6 days in a row.)
 
wow you guys havethe Somali infection down there too, I thouhgt only canada was infested with them,,,,funny they murder american soldiers, drag out a live pilot and savagely murder him and then we open our borders and tell em to come on in...you fcked up your country....plz...come fck up ours.

Am I the only one who thinks our government s should take care of their own people and problems before taking care of the rest of the worlds?
 
searl12 said:
wow you guys havethe Somali infection down there too, I thouhgt only canada was infested with them,,,,funny they murder american soldiers, drag out a live pilot and savagely murder him and then we open our borders and tell em to come on in...you fcked up your country....plz...come fck up ours.

Am I the only one who thinks our government s should take care of their own people and problems before taking care of the rest of the worlds?
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The thing I don't get about it is... If we are trying to help them fix there country why are we importing entire villages with Humanitarian visas and Diversity visa's. But this isn't help Zero get buckets of cash.
 
dave12 said:
The thing I don't get about it is... If we are trying to help them fix there country why are we importing entire villages with Humanitarian visas and Diversity visa's. But this isn't help Zero get buckets of cash.
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I agree, it isnt, I think this thread has bean beat to death, some good points...now its on our boy zero to make soemthing happen.

Im not against hard working immigrants, my girls parents are, i just think in these awful times we should stop immigration until we all have our own feet back on the ground...sadly our governments dont see it like that...unemployment is high...so lets bring in more people to compete for jobs....wow makes sense!
 
Zero V said:
Bankruptcy is still scary as shiz and effects car loans, and everything else.

I hate the credit system, with a passion. But wont bankruptcy effect apartments, vehicle loans, financial aid, future student loans, etc,etc.
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Bankruptcy certainly is scaring. But what is fear ? Fear is when you have no idea of the future and imagine all possible worst case scenario. All I'm saying is to go get information. Please do not take advice from any one on the forum saying to go bankrupt or otherwise, we are friendly but it's not our job and we don't have all the financial detail.

Please go get an appointment and go get information that way you'll no more have to deal with fear but much rather controlled risk. If your nor happy with the first appointment use what you have learned and go get another one at the same place or somewhere else. If they see you are serious about the possibility of bankruptcy they may even propose themselves to reorganize your debt in order to still get some money...

The last important thing in my last message is that if you work hard there's no available option that you need to see as a personal failure.
 
Bankruptcy isn't really realistic. The laws have changed over the last several years. It isn't we take everything you have, except your house and car, liquidate divide that among your creditors and call it a day anymore. All it will probably accomplish is destroy your credit and get you a large lump sum payment to make at marginal interest for the next 7-8 years. This is based on experience with people not on a knowledge of the laws by the by.
 
dave12 said:
Bankruptcy isn't really realistic. The laws have changed over the last several years. It isn't we take everything you have, except your house and car, liquidate divide that among your creditors and call it a day anymore. All it will probably accomplish is destroy your credit and get you a large lump sum payment to make at marginal interest for the next 7-8 years. This is based on experience with people not on a knowledge of the laws by the by.
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Misinformation or at least not accurate as of this year, as late as this month.

If you are not delinquent on your home or car and are not claiming them you indeed can keep your home. You simply reaffirm with your car lender. You can even renegotiate the terms with them if you are ambitious enough, as most are likely upside down on a car if it is still within its loan term.

Depending upon your BMI (base mean income) for your state and your deficit you can claim a Chapter 7 which dose indeed discharge all applicable debt (less student loans, legal restitution, etc.) If your BMI is not in sufficient deficit you may be required to claim a Chapter 13 which does a debt consolidation, with payments fixed, based on your surplus above your BMI, for a period of up to 5 years regardless of the principle.

B5150 said:
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B5150 said:
Please see my edit. I did not intend to be insulting or rude. I am not setting you straight. I just happen to know first hand the options presently available.
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You were right I was wrong. I'm not a lawyer but the issue I was thinking of I bet was a lot to do with this....

The grounds for denying an individual debtor a discharge in a chapter 7 case are narrow and are construed against the moving party. Among other reasons, the court may deny the debtor a discharge if it finds that the debtor: failed to keep or produce adequate books or financial records; failed to explain satisfactorily any loss of assets; committed a bankruptcy crime such as perjury; failed to obey a lawful order of the bankruptcy court; fraudulently transferred, concealed, or destroyed property that would have become property of the estate; or failed to complete an approved instructional course concerning financial management. 11 U.S.C. § 727; Fed. R. Bankr. P. 4005.
 
dave12 said:
You were right I was wrong. I'm not a lawyer but the issue I was thinking of I bet was a lot to do with this....

The grounds for denying an individual debtor a discharge in a chapter 7 case are narrow and are construed against the moving party. Among other reasons, the court may deny the debtor a discharge if it finds that the debtor: failed to keep or produce adequate books or financial records; failed to explain satisfactorily any loss of assets; committed a bankruptcy crime such as perjury; failed to obey a lawful order of the bankruptcy court; fraudulently transferred, concealed, or destroyed property that would have become property of the estate; or failed to complete an approved instructional course concerning financial management. 11 U.S.C. § 727; Fed. R. Bankr. P. 4005.
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There are several ways for a claim to be immediately dismissed. A very well informed responsible individual who files for bankruptcy would not violate any of these rules and would be prudent in hiring an attorney to represent them in order to effectively discharge their debt. There are many anti-fraud checks and balances within the document filing that require one to be truthful and honest.

Fraud and perjury where not actions that were in consideration when I engaged in discussion on the topic. But they are very valid, just not from my perspective, as a forthright individual.

It would seem ridiculous to pay a lawyer upwards of $3000 and a $300 filing fee in hopes you were not found to be committing fraud or perjury. :)
 
You ever this of Invalid Link RemovedV? My brother almost went for this program, toured the facilities and such. I could see you doing something like that.

You are in my prayers brother, keep your head up high
 
I am honestly so out of touch with OTR i have no idea what base pay is for them guy's anymore. But,again it all depends on what market you are in. I would not want anything to do in the truckload market right now. All of these big OTR carrier's Schneider(who i started with) Swift,JB,Werner,etc.etc...are really just a bunch of pimps.

They are preying on the noobs coming in to the industry,absolutley green,no knowledge of Transportation at all. I myself gave up after 6 mos with Schneider. they promised me all these miles and money...BS. They were sending me on these short-hops,basically regional,and at the end of the week i was lucky to make 500.

Then i got a call from the local Conway Freight in my old home town back in the Chicago burbs',and my life has been better since. I worked at that particular location from 03-06 then moved out here to Denver and been working for them ever since.

I don't know how UPS and Fed Ex are keeping up,but Conway is so busy right now it is insane. Out here at our Denver hub,we are about 40 drivers short for the amount of tonnage we are bringing in. Ever since arriving in Denver in 06' i have been averaging about 12.5 hours of OT per week. I talk to some of my old comrades back in Chicago,and it is the same story. Everybody thinks were going to go under with all that overhead,but it is all rumor. Conway keeps growing every year,business and profits.

Right now they are hiring rookies at 17.50 and 38 cpm if they do Line-Haul run's. I am at 22.65 and .52 cpm. 05-06 I did Line-Haul all that year and was taking home 1000 per week..no lie. One of the Old-Timer's here in Denver grossed 90k last year,all of these figure's are real,not fabricated.

I am not trying to brag about my employer and how they are better,blah,blah,blah...I am just trying to set the record straight. We need more hard working guy's in the industry,not these rent-a-bum's that my company want's to bring on because they aren't getting enough applicant's. Puerto-Rican immigrants and Somalian refugee's...? I hope they can read in english and understand mile-marker's and hopefully they know what that buzzing sound is that might go off in the cab.
 
My dad was a truck driver for Big Bear back when. I think one year he kicked down 70K, he was with em for 25 years and was one of their best, never lost a tailor or had an accident or anything.
 
airram479 said:
I am honestly so out of touch with OTR i have no idea what base pay is for them guy's anymore. But,again it all depends on what market you are in. I would not want anything to do in the truckload market right now. All of these big OTR carrier's Schneider(who i started with) Swift,JB,Werner,etc.etc...are really just a bunch of pimps.

They are preying on the noobs coming in to the industry,absolutley green,no knowledge of Transportation at all. I myself gave up after 6 mos with Schneider. they promised me all these miles and money...BS. They were sending me on these short-hops,basically regional,and at the end of the week i was lucky to make 500.

Then i got a call from the local Conway Freight in my old home town back in the Chicago burbs',and my life has been better since. I worked at that particular location from 03-06 then moved out here to Denver and been working for them ever since.

I don't know how UPS and Fed Ex are keeping up,but Conway is so busy right now it is insane. Out here at our Denver hub,we are about 40 drivers short for the amount of tonnage we are bringing in. Ever since arriving in Denver in 06' i have been averaging about 12.5 hours of OT per week. I talk to some of my old comrades back in Chicago,and it is the same story. Everybody thinks were going to go under with all that overhead,but it is all rumor. Conway keeps growing every year,business and profits.

Right now they are hiring rookies at 17.50 and 38 cpm if they do Line-Haul run's. I am at 22.65 and .52 cpm. 05-06 I did Line-Haul all that year and was taking home 1000 per week..no lie. One of the Old-Timer's here in Denver grossed 90k last year,all of these figure's are real,not fabricated.

I am not trying to brag about my employer and how they are better,blah,blah,blah...I am just trying to set the record straight. We need more hard working guy's in the industry,not these rent-a-bum's that my company want's to bring on because they aren't getting enough applicant's. Puerto-Rican immigrants and Somalian refugee's...? I hope they can read in english and understand mile-marker's and hopefully they know what that buzzing sound is that might go off in the cab.
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My father works for UPS as a package driver and the company is doing pretty good in terms of business % and not letting people go left and right due to the economic situation(s). Hes 2nd in line for seniority at his hub, now at 30 yars, and hitting right under 70k, last I checked. When he drove semis for about 5 years he was making killer $$, around 80k-90k I believe, but the hours, no time with family, and runs eventually got to him.
 
I do not know about USA but in here north of quebec is a wonderful place for the wallet.

It's far of everything so you get pay increase and there's nothing to do there but to work. Except maybe for some beers there's almost no way to spend money: you're housed and have unlimited free food and the cafeteria are very above average, good food being the best way to have happy workers...
You may also find pool table, a huge tv room and if your lucky internet in all room...

I'm saying this cause in the newspaper there was a special about that, it's like the new far west. Normal people in the south can become great achieving people in the north...

Personally I went there two month on a 28day in/7day out shift...
I had like 150% the salary of montreal and It was 10 hour/day 7 day a week schedule with 1.5 time after 55 hours, but that is probably the exception more than the norm... they were very rushed to finish a projet... I had like 6month worth $ in two month.
 
Pho3NiX said:
I do not know about USA but in here north of quebec is a wonderful place for the wallet.

It's far of everything so you get pay increase and there's nothing to do there but to work. Except maybe for some beers there's almost no way to spend money: you're housed and have unlimited free food and the cafeteria are very above average, good food being the best way to have happy workers...
You may also find pool table, a huge tv room and if your lucky internet in all room...

I'm saying this cause in the newspaper there was a special about that, it's like the new far west. Normal people in the south can become great achieving people in the north...

Personally I went there two month on a 28day in/7day out shift...
I had like 150% the salary of montreal and It was 10 hour/day 7 day a week schedule with 1.5 time after 55 hours, but that is probably the exception more than the norm... they were very rushed to finish a projet... I had like 6month worth $ in two month.
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What company did you work for? I am more than willing to move/travel for a job now if It can pay my bills and add in rent.
 
Zero V said:
I did, it looks like a thing for people who didnt make it out of high school to do. At least that was the way teh site described it.
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Nah it's for anyone who needs a "trade". The do offer GED's for kids who had it rough and there are a bunch who have had it "rough". Basically the pay you housing allowance, work pay and you go to school to learn a trade. You can be certified in a number of jobs and actually make a good living after.

I had a buddy who was in the military as a services specialist (Towel boy basically) and he went to Job Corps becoming fully certified in HVAC repair and stuff. He now works at an Air Force base in Delaware making $22 dollars an hour repairing AC units and other things on base. That's a big increase from $8.50 he would make if he worked at a local gym with his military experience with the job he had.

At the worst I guess you could see if a location is close to you, tour the facilities and ask all the questions you want. If it doesn't fit you or isn't what you want you've only wasted 1 day....depending on travel and other things. Much better than getting screwed like the last job that took months leaving you hanging.

On another note....I talked to my mom recently and told her about you. She is very religious and lit a candle and we hold you in our prayers. Hope you get on your feet soon enough buddy.
 
MrBigPR said:
Nah it's for anyone who needs a "trade". The do offer GED's for kids who had it rough and there are a bunch who have had it "rough". Basically the pay you housing allowance, work pay and you go to school to learn a trade. You can be certified in a number of jobs and actually make a good living after.

I had a buddy who was in the military as a services specialist (Towel boy basically) and he went to Job Corps becoming fully certified in HVAC repair and stuff. He now works at an Air Force base in Delaware making $22 dollars an hour repairing AC units and other things on base. That's a big increase from $8.50 he would make if he worked at a local gym with his military experience with the job he had.

At the worst I guess you could see if a location is close to you, tour the facilities and ask all the questions you want. If it doesn't fit you or isn't what you want you've only wasted 1 day....depending on travel and other things. Much better than getting screwed like the last job that took months leaving you hanging.

On another note....I talked to my mom recently and told her about you. She is very religious and lit a candle and we hold you in our prayers. Hope you get on your feet soon enough buddy.
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I will look into local ones then. I got a host of #s I have to call today and tomorrow >.< Might as well add another in hopes.

And thank you and your mother for the prayers. This has been a time for me to learn to dump my anger, and grasp what real faith is. Between this and almost losing my father again, I am done running from the ministry.
 
Remember V, no matter how rough life is enjoy time with your loved ones. You never know when you might see them again.
 
Zero V said:
My dad was a truck driver for Big Bear back when. I think one year he kicked down 70K, he was with em for 25 years and was one of their best, never lost a tailor or had an accident or anything.
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If your dad is still around see if he still has friends. If he does and can get you a decent job theres no skilled labor that can make you as much as fast as driving.
 
Make sure you keep running toward GOD, not just the ministry. God pulled me and my family out of a finincial mess I created after I poured my faith in Him, not just the Church. Sometimes people get the two conflicted and wrap themselves up into the Church, rather than wrapping themselves in the Lord. It will all work out for you in due time, it just sucks going through it now. I was 15 days and $4000 short of losing my house, am married, have a car payment, wife making $8/hr. Try dragging a woman through hell because of finances. A friend of mine is a single guy and was having problems. I told him it seems rough and it's just you basically, do it married. The pressure gets even more intense.
 
dave12 said:
If your dad is still around see if he still has friends. If he does and can get you a decent job theres no skilled labor that can make you as much as fast as driving.
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He has been disabled for 12 years :( as far as I know he has -5 friends left.

youngandfree said:
Make sure you keep running toward GOD, not just the ministry. God pulled me and my family out of a finincial mess I created after I poured my faith in Him, not just the Church. Sometimes people get the two conflicted and wrap themselves up into the Church, rather than wrapping themselves in the Lord. It will all work out for you in due time, it just sucks going through it now. I was 15 days and $4000 short of losing my house, am married, have a car payment, wife making $8/hr. Try dragging a woman through hell because of finances. A friend of mine is a single guy and was having problems. I told him it seems rough and it's just you basically, do it married. The pressure gets even more intense.
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Yeah, I was really on fire once. Then I let pain anger douse that, I think God had to get my attention the hard way lol. Maybe thats why none of this seems threatening to me? Stressful, crappy, but not like life ending.

And yes being single makes it less stressful, I actually wish I had someone to be with more than anything else atm.
 
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