You can survive your own personal financial nightmare as I did.  In September of this year I came to the conclusion that there was no possible solution to my money problems.  This came about through no fault of my own and  I ended up in a really terrible depression.  One of the first things I had to do was realize that I wasn’t at fault and then go on to “Play It As It Lays”  (a book title, but so true).  As with so many other people, my problem came about because of a combination of the worldwide financial meltdown, expenses being raised and not being able to find a job.  The job hunting was really hard, especially hard in my case because I am 75.  Granted that I’m a very young 75 (or so everyone tells me), but eventually you have to tell your real age.  The irony of this situation is the fact that the US has more and more people over 65, but many companies will not hire anyone over 40 (and often 30).

When my niece-in-law suggested that I do a bankrupty, at first I bristled, exploded and generally went off like a rocket.  However, as I talked to more and more people (this in itself is a valuable tool) and did research on-line, my attitude did a 90 degree turn-around.  I came to realize that bankruptcy is certainly one of the ways to untangle a financial mess.

I will be giving a lot of information in the near future about how to navigate the Bankruptcy process.  Number one is don’t try to do it on  your own.  A really skilled Bankruptcy lawyer is worth whatever you have to pay him or her.  I will be telling you how to go about this and giving many tips to help change your financial future.  Remember, in the end, you don’t just want to survive, but ultimately, thrive.

Until next time,



Notice: Ms Ray is neither an Attorney nor a Financial Advisor.  Her blogs are not intended to provide either legal or financial advice.

  1. Van says:

    You can’t. Unfortunately it’s always on the crdeit report, at least for 7 years and many times 10 years All you can do is make your self a better risk to crdeitors by paying your bills on time and paying them off. You need to keep a small crdeit account somewhere, like a store crdeit card, so you have a history of paying on crdeit. We claimed bankruptcy once and in 3 years after I had a mortgage for a condo. but that’s only because I showed good experience paying all my bills after the bankruptcy. That bankruptcy stayed on my crdeit report for 10 years! This is the very same for forclosures