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April Recap And Random Money Musings

May 2012 is already shaping up to be a better month than April was. That’s pretty decent considering it isn’t even May yet. I get paid at the end of the month, and have already paid all my bills for May. That’s also pretty decent considering I paid up the ones I had to skip on last month just to survive. I absolutely detest living like this but one of the first things I learned in Divorce 101 is that sometimes you just have to survive. That was April’s mantra. May’s, I hope, will be more about recovering and stabilizing rather than just making it. By July, I actually hope to be moving ahead.

So, I’ve paid the bills, and there is money to eat on for the rest of the month; another reason May is already better than April. In addition, I did this without planning on the rental money, from the old Someday-The-Bank-Will-Decide-To-Foreclose house. I’m going to terminate the contract with the renters whether they pay or not on May 1. We are on a month-to-month and i can terminate the agreement with 30 days notice for no cause. The income is nice, the hassle is not. It is also a good idea for me to just get used to not having that income. After that, I’m probably going to need to begin not planning on the money from The Evil Ex, because I suppose that will go away soon also. I just can’t worry about that now. On the up side, I have a few gigs that opened up over the summer that will hopefully do much to get my savings going.

On another note, my son was sick all last week and he gave me whatever he got. I spent most of the glorious spring weekend indoors, sick with a killer cold. I’m feeling slightly better now, but won’t be heading in to work tomorrow. I’m certain my clients would not appreciate me coughing, sneezing, and hacking phlegm all over them. I’ve already called in my assistant. She can handle most of the important stuff, and reschedule the rest. I will be spending the day in bed sleeping, hoping like anything to speed my recovery. God knows I’ve taken enough sick time this year.

In all, April sucked. Bankruptcy is no fun and things were super tough. On the other hand, I do believe the home we are in right now was divinely appointed. There were not and still are not any homes of the kind and size we have for the amount we are paying. I’m not sure this is necessarily a forever home for us, but I can think of much worse places to land for a few years while we get back on our feet financially. Plus, it is low maintenance and I love this place. Things could be much, much worse.

So, here’s to moving through the roadblocks and challenges in life. After every hill climb, there is a glorious descent. Let’s hope the ride smooths out for the rest of 2012.

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Chapter 7: The Bad News Is…

Today, when the sun comes up and business resumes, I will be attending my Meeting of Creditors, a requirement before having my debts fully discharged in Chapter 7 bankruptcy. Prior to this, I spent nearly 5 years on a debt repayment program, trying to pay off credit card debt that was mostly The Evil Ex Husband’s. Never mind how that unfair trick occurred. I ended up struggling desperately to pay those bills, while trying to support my family, keep our home, and avoid bankruptcy court. A year ago, I met with my bankruptcy attorney and now, today, after an agonizing amount of paperwork, I have my meeting of creditors.

I am going into this meeting fearing the worst. This year, instead of owing more taxes, I am getting a healthy sum of it back. My attorney just informed me late Saturday afternoon, that the Trustee will take that tax return. In addition, my attorney informed me that because there was a few thousand dollars in my account on the day my petition was filed, (I had just gotten paid) I am likely going to be owing another $3,000. This is devastating news for me. I’m not a little angry about this. I’m depressed and I’m furious.

Bankruptcy is intended to discharge debt. Instead, in my case it is creating debt. I have $400 to pay bills and feed my family for the rest of the month. With two teenagers, one pre-teen and a gas bill for an old SUV that reaches hundreds every month, I cannot make it to the end of the month. I also have medical bills now, that I did not have when I filed due to having a small illness called cancer. I cannot discharge those debts. Further, even if all my debt is discharged it will not remove the huge student loan I will probably pay until I die.

I have definitely arrived at my lowest point since leaving The Evil Ex. I’m not sure how I’m going to make it. The fact is, I’m going to have to not pay some bills this month and this will put me even further behind for next month. Instead of providing me with a clean slate, this bankruptcy is adding more to the crushing load I already carry.

I’m praying that there will be some truly Divine Intervention this morning at this meeting. This beleaguered single mom needs a reprieve, not another bill to pay. I don’t have any rich relatives I can call on. Well, at least none who would deign to assist me right now. My only hope is that the God whose resurrection we celebrated yesterday will somehow perform a miracle on my behalf. I could really use it.

Please, God, make it possible, somehow, that I can keep that tax return and not have to owe money. I just can’t take another financial blow.

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