What really had us in bankruptcy?

My income was not high enough to cover necessary living expenses until technically February 2001. As such, I ended up building up debt from that stand point of view. As for getting help from the state, a no go cause of the fact the welfare system is specifically setup to help those who are not attempting to help themselves and not help those who are attempting to help themselves. I fell victim to that while still in college in multiple ways. That also reenforced a lot of the lessons I learned as early as 4th grade about people and life. Such lessons I learned that early were by a means no child should have to go through, but yet, I went through it and as such, was forced to learn only depend on my own self and not on anyone else period, end of story. Can’t even trust anyone at all as the environment I grew up in, including your own family members (if you can even call it that).

Thanks.Let’s work backwards:

Karma – like I said, it’s up to the person and unique to the situation. Having said that, I know (personally) different people facing similar circumstances yet approaching it very differently. I don’t believe that everyone who files has no choice.

Hit to the credit — you are probably right on that. By the time someone is faced with discharge, they probably have shot their scores anyway. Thanks.

I appreciate your comment on the foreclosure issue. I have an entire post on bankruptcy and home equity. My statement was general in nature but I really appreciate your bringing these other nuances into the picture.