It's hard to describe a "new era" in one simple post, so this is part three of my story. Please bear with me, if you are so inclined and hear more about the changes in my life. Let start by saying that while change is tough, especially changes that are not wanted, or expected, they have all created a better situation for me. Of course the change in our country's leadership is still up for debate as to whether it is good or not... but that's a topic for another time!
If you didn't read the last few posts, let me do a quick review:
- I have become single again, and started dating again.
- I got fired from my job of 15+ years, but I got a new job working at a company that I enjoy.
- We have a new president of our country
A few things haven't changed, but are significant to the rest of the story:
- I still have my wonderful car, a red 2006 Chevy HHR.
- I still have the duplex that I bought in May of 2007.
- I still have the marital home that my ex-wife returned to me.
- I still have my health.
- I still have four wonderful kids, and
- a semi-decent outlook on life.
This past September I moved into the marital home. The place isn't the best place in the world, and feel free to read any of the stream about the marital home if you want to catch up. The place is still in serious need of repairs, especially on the inside, from all of the water damage from when the roof was leaking, and from the lack of maintenance on the place in the last 10+ years. The good news is that because of this move, that the other half of the duplex became available for rent, and I was able to find a tennet.
My oldest daughter, "One", was having a rough time keeping up with her bills, and needed a cheaper place for her and her boyfriend, "PlusOne," to live. She asked if I would "cut her a deal", because she couldn't afford the full rent I was asking for. I agreed because, well, she's my baby, and I couldn't say no. She moved in around Thanksgiving, and during the move the strain of the money and the move soured her relationship with "PlusOne" and they seperated. They have since recovered, and I believe they are still planning a wedding sometime this year. My daughter has me wrapped around her little finger, and since she was struggling (worse than me) with money and her relationship with "PlusOne" at the time, I let her slide on her first month's rent (December). In January she also slide a little bit on the rent by giving me an xBox 360, that was worth less than the month's rent. The xBox is wonderful, and I love it, but it didn't help to pay the mortgages or the utilities, so my money has been tight this month. This month, February, I should have my first month of full rent from both sides of the duplex, which should give me just enough money to pay all of the mortgages and utilities for the place! - Yeah, no profit, just break even.
The hope was that I would have enough money from the rental and my job to pay all of my monthly expenses, but no matter what I do, I am just not able to do it. My expenses are over $1,000 more than I make a month, and to make matters worse, this has been going on for so long that my savings is drained, I have used up all my credit, and during my change of jobs, I emptied my 401k retirement plan and use it to pay bills. I am now actually worse of financially than I have been in many, many years.
I spent the last 6 months of last year trying to figure a way out of the financial crisis I am having. I went to credit counsolers, attorneys, friends, family, random people on the street, basically anyone that I thought I could get advice from. There was no real good answers, only one answer seemed to provide any shred hope. So, this past month I have did the one thing I never, ever wanted to do ever, and is probably the biggest change in my life (outside of divorce). I filed for Chapter 7 Bankruptcy!
In the bankruptcy claim, I am trying to keep the marital home so I can have a place to live, and the duplex so I can keep a source of income, and my car so I can to and from work. Even though I am trying to keep all of those assets, it will still be tough, and I may not be able to keep them all. As a matter of fact, one of the mortgage companies on the marital home is now trying to foreclose on the house, in spite of my attempts to get all of the past payments caught up, and reaffirm the mortgages in the bankruptcy. (BTW: There are two mortgages on the marital home, together both total only around $22,000, so we aren't talking a fortune here.)
This last and biggest change is still "in progress", and I am not sure of the final outcome, but I only hope that like the other big and unwanted changes in my life, it too will end up being for the better.
Maybe now that we have a new president, I could petition the government for a bailout, like the banks, and the auto industry have done. I mean, I am very similar to them, in that I made poor choices and have been a victim of circumstances beyond my control. Unlike them though, I wouldn't need the billions, just about 50 grand would do. What do you think? Should I apply?
The new era has other smaller changes, but I have spent enough time and words on this topic. I will end with a joke: If want to donate to the "Lou Laughlin New Era Foundation", contact me for the details. The foundation accepts PayPal, personal checks, cashiers checks, money orders and of course cash! :-)
Later Lou