My bankruptcy story

Hello, my bucket list friends. Last month I received my official bankruptcy discharge. Meaning that’s it’s all behind me now. However I thought that it would be helpful for me to share my story with all of you. When you first read the title of this post you may be thinking,why would someone want the whole world to know that they went bankrupt? My answer is this. We all go through hard times in life that’s just the reality. While it is important to have a good attitude we can’t ignore the low points. Also I want to help to remove the stigma that bankruptcy can have. Going through bankruptcy does not say anything about you as a person. There is a reason bankruptcy laws exist. With that being said, let’s talk about what got me to this point in the first place. There are three main factors that caused me to file for bankruptcy. The first one being my poor budgeting skills and overspending. I know I mentioned in another blog post how I didn’t regret my debt because of the experiences it brought me. However when it was combined with the other things I’m going to mention it was very hard to manage. The second reason was medical bills. There were two visits to the ER that really added to my debt one of them got sent to collections. The third reason was I took a job where I thought I was going to be getting more hours then I actually ended up getting. I eventually got a 2nd job but the lack of income took it’s toll on my finances. It took me a long time for me to decide to file for bankruptcy. At first I was completely against it. When I decided that bankruptcy was the right choice, I knew I was going to need a lawyer to help me. Luckily I found a really great one and he helped make things go smoothly. It was stressful at times getting all the paperwork together but overall it was not that bad. I was nervous when the day of my bankruptcy hearing arrived. Because of Covid-19 bankruptcy hearings are now done over the phone. I was getting anxious listing to some of the people that went before me. When it was my turn I was very nervous but I felt better knowing that my lawyer was on the call with me . He had talked to me the day before to help me prepare for the hearing. After answering a few questions it was over. I was so happy that none of my creditors showed up. Bankruptcy is behind me now the main consequence of filing for bankruptcy was a low credit score. However that is already on its way back up. I’m happy to have a fresh start. Feel free to ask any questions you may have in the comments.

Rock On – Christina Epperly

The debt I don’t regret

Hello, my bucket list friends ! As some of you know I’ve been om quite a few adventures during the past few years and I’ve crossed off a bunch of list items . It is no secret that traveling , amusement park tickets and attending events such as WrestleMania does not come cheap . Like many I turned to credit cards to help me cover the cost of having fun and day-to-day life as well . Here I am and 27 years old with a lot of debt including student loans . Some people would think that I regret  all that spending and travel but the truth is I really don’t  and I’m about to tell you why .

 

 

Why I don’t regret my debt

Before I get into why I don’t regret getting in to all the debt I’m in ,let me say this . I’m not encouraging anyone to spend the way I did . I’m also not saying that getting multiple credit card and spending money you don’t have is the best idea in the world but I’m saying that for me it was well worth it.

The main reason of why all my debt is worth it to me is because I have gotten to travel and do many fun and exciting things in the past five years or so then I  have ever done before . That is including but not limited to going to Disney World,  going to Disneyland at Christmas time , Going to Arizona for a weekend going to New York , going to San Diego ,going to WrestleMania and there is no way I can for get all the amazing concerts I’ve gone to . I’ve made memories that will last a life time !  I have seen and done so many fun things . I smile when I think about all the adventures that I have had  and  just thinking about all those good times is a great way to relive stress .I have also built up some fun collections like my snow globe and my My Little Pony collection . I made the choice that I didn’t want to wait untill I was retired to start  traveling and living life to the fullest and I’m glad that I didn’t wait . Now don’t get me wrong all the bills are stressful but the stress I feel now is worth all the fun I had then . I’m still going to be doing some fun things including traveling but I am going to be slowing down a lot with the spending . I have already started building up my saving account and as soon as I pass the Mblex I will be able to work as a massage therapist. After that I will be paying more money towards my credit cards . I know that now is the time to slow down , because let’s face it  I’m getting toward the end of my 20’s and I’ve always wanted to own my own house 🙂

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Rock on – Christina Epperly