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Reply #5: I had to file a Chapter 13 bankruptcy in 2006. [View All]

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RebelOne Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 12:24 PM
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5. I had to file a Chapter 13 bankruptcy in 2006.
Credit cards got me in big trouble. After paying off my debts and being discharged from the bankruptcy, I vowed never to have another credit card or buy anything unless I have the cash in the bank. That is how I was able to retire debt-free in 2010 after I was laid off my job. I have no debts other than the usual utilities, phone and Internet, My car is paid and even though it is getting old, it still runs perfectly. I live in a mobile home that I own and only pay a lot rent of $367 per month, which includes water and garbage pickup. I collect Social Security and have some savings, so it will be a few years before I will have to eat cat food.
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  -Americans learn to live without debt FarCenter  Sep-10-11 12:03 PM   #0 
  - good for Dawn. Get rid of the debt if you can.  Liberal_in_LA   Sep-10-11 12:05 PM   #1 
  - Deleted sub-thread  Name removed   Sep-10-11 12:06 PM   #2 
  - It changed me too. I have become very against morgages and car loans  Shagbark Hickory   Sep-10-11 12:14 PM   #3 
  - What do you think should replace mortgages for buying property? I think  kelly1mm   Sep-10-11 12:39 PM   #6 
     - Nothing wrong with traditional mortgages  FreeJoe   Sep-10-11 12:50 PM   #9 
     - The problem with traditional mortgages is they are designed so that most people will always owe.  Shagbark Hickory   Sep-10-11 01:11 PM   #12 
        - I would assume that when people move...  FreeJoe   Sep-12-11 12:39 PM   #15 
     - Limited interest free federal loans should replace for profit glorified rental contracts we call  Shagbark Hickory   Sep-10-11 01:08 PM   #11 
  - The problem for the U.S. is it became overly dependent on consumer frivolity  BeyondGeography   Sep-10-11 12:17 PM   #4 
  - I had to file a Chapter 13 bankruptcy in 2006.  RebelOne   Sep-10-11 12:24 PM   #5 
  - I live in a mobile home as well ($225/month),  elocs   Sep-10-11 12:42 PM   #8 
  - Yes, I am fortunate that I have all the shopping conveniences  RebelOne   Sep-12-11 12:46 PM   #16 
  - Not if the retubbies have any say in the matter.  Shagbark Hickory   Sep-10-11 01:14 PM   #13 
     - What do you mean by that? n/t  RebelOne   Sep-12-11 12:48 PM   #17 
  - Did that long ago.  Rex   Sep-10-11 12:40 PM   #7 
  - The "in-house" cards are bank cards.  hunter   Sep-10-11 01:18 PM   #14 
  - You might want to do a little research...nt  Dreamer Tatum   Sep-12-11 12:51 PM   #18 
  - Our economy is based on debt  Owlet   Sep-10-11 12:58 PM   #10 
  - and they say... its the american dream  LadyInAZ   Sep-12-11 12:55 PM   #19 

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