Financial bankruptcy and no income

[chakravyuh]

I am in a huge financial debt with no means to repay it. this bloat is eating me alive. I have a family to feed and i have zero financial assets and savings. Everything is dark around me and i wish to die.

 

[Cauliflour]

But if you kill yourself then how will your family survive? I don't think it's a good idea at all to kill yourself when you have a family and there's no savings for them to use. I don't know how you can become financially stable but I'm sure there's like a specialist who's job is to give financial advice (I can't remember the job title but I know they exist) because assuming your family knows money is tight, your death will make them miserable as there's less adults to help bring in money now. Again, I don't know your situation well at all but I feel like there is some kind of solution, even if it'll take a while...

 

[chakravyuh]

But if you kill yourself then how will your family survive? I don't think it's a good idea at all to kill yourself when you have a family and there's no savings for them to use. I don't know how you can become financially stable but I'm sure there's like a specialist who's job is to give financial advice (I can't remember the job title but I know they exist) because assuming your family knows money is tight, your death will make them miserable as there's less adults to help bring in money now. Again, I don't know your situation well at all but I feel like there is some kind of solution, even if it'll take a while...

Insurance money would pay some debt and rest my family would earn and live their life. Otherwise I will not be able to repay this in my life and this might not be good for anyone.

 

[Cauliflour]

Insurance money would pay some debt and rest my family would earn and live their life. Otherwise I will not be able to repay this in my life and this might not be good for anyone.

But who will the rest of the debt transfer onto? Besides, I don't think it's a wise idea to just hope that the insurance money will help things out. For starters, what if the insurance company is feeling cheap that day and doesn't give your family enough to survive? I think it's too much of a gamble...

 

[Praestat_Mori]

Have you considered filing bankruptcy?

 

[Eriktf]

Insurance money would pay some debt and rest my family would earn and live their life. Otherwise I will not be able to repay this in my life and this might not be good for anyone.

do Insurance even pay when you die from ctb

 

[Dejected 55]

do Insurance even pay when you die from ctb

Most don't. I think there are some that might... but you have to be REALLY sure and I think it costs quite a bit more to obtain that kind of insurance.

 

[chakravyuh]

Most don't. I think there are some that might... but you have to be REALLY sure and I think it costs quite a bit more to obtain that kind of insurance.

Insurance is covering the same.

But who will the rest of the debt transfer onto? Besides, I don't think it's a wise idea to just hope that the insurance money will help things out. For starters, what if the insurance company is feeling cheap that day and doesn't give your family enough to survive? I think it's too much of a gamble...

Probably debt will die it's death along with mine

 

[claracatchingthebus]

upsolve.org allows you to declare bankruptcy easily

there is a clear guide and you just follow it

get as many public benefits as you can

are you able bodied and able to work? are you looking for employment? not looking for work? disabled? what is your situation regarding work?

How To File Bankruptcy for Free: A 10-Step Guide - Upsolve

Need help filing for bankruptcy and can't afford an attorney? Our legal aid nonprofit guides debtors through the Chapter 7 process for free.

upsolve.org

 

[Dejected 55]

Insurance is covering the same.

Probably debt will die it's death along with mine

In most cases, debt you have transfers to your spouse after death. Sometimes they try and go after kids too... but there's less legal grounds there, depending on where you live in the world.

 

[chakravyuh]

upsolve.org allows you to declare bankruptcy easily

there is a clear guide and you just follow it

get as many public benefits as you can

are you able bodied and able to work? are you looking for employment? not looking for work? disabled? what is your situation regarding work?

How To File Bankruptcy for Free: A 10-Step Guide - Upsolve

Need help filing for bankruptcy and can't afford an attorney? Our legal aid nonprofit guides debtors through the Chapter 7 process for free.

upsolve.org

Debt is huge and if I will give 100% of my earnings for next 25 years I would repay only 40% of debt but with insurance it increases to 70%.

Debt is huge and if I will give 100% of my earnings for next 25 years I would repay only 40% of debt but with insurance it increases to 70%.

Also bankruptcy is not available in my country.

 

[quietwoods]

do Insurance even pay when you die from ctb

Typically covered but there's often a 2-3 year exclusionary clause from date of purchase and the company may still fight it even then.

 

[TBONTB]

I am in a huge financial debt with no means to repay it. this bloat is eating me alive. I have a family to feed and i have zero financial assets and savings. Everything is dark around me and i wish to die.

I understand that pain.

 

[unluckysadness]

I'm always very sad when I see that financial problems can be a reason for dying. But we live in this fucking world and everything is about money. So many people are suicidal for these reasons here. Could a fundraising be possible ? It breaks my heart to hear that money problems can lead to suicidal ideation. I understand your despair, but please consider other option than suicide if you have a good health or a good family and friends. I personally have no life since years (isolated, no work, no friends, no partner, no kids, disabled, cannot drive, severe anxiety, rare neurological disease and so many things). I don't know your story and your life, but please don't commit suicide if financial debt is the only reason. I'm a pro-choice but... I'm so sad for you. I really hope your situation will be better soon. Maybe you could open a facebook post or something to cry for help or things like that ? I'm sure people will be touched by your story

 

[claracatchingthebus]

Debt is huge and if I will give 100% of my earnings for next 25 years I would repay only 40% of debt but with insurance it increases to 70%.

Also bankruptcy is not available in my country.

where are you? I hope you are not in some hell hole like Dubai. I am so sorry about your situation.

 

[chakravyuh]

where are you? I hope you are not in some hell hole like Dubai. I am so sorry about your situation.

I am in India. The situation is getting worse and no respite in sight.

 

[monetpompo]

please don't commit suicide if financial debt is the only reason. I'm a pro-choice but... I'm so sad for you. I really hope your situation will be better soon. Maybe you could open a facebook post or something to cry for help or things like that ? I'm sure people will be touched by your story

i think you sound too optimistic about people wanting to help @chakravyuh. i don't know their situation either so i can't say that much on their part, but most people see someone's debt as something they need to handle, since most people don't have the money to lend. writing a cry for help post online would probably be embarrassing when the debt is so big, since it'd be like airing your grievances out to everyone. the risk of homelessness and several people relying on your income is extremely stressful. most people see poor/in debt people as lesser because of classist values ingrained in society.

i've also had money issues for most of my life, although my reasons are different because my mom wants to kick me out of the house to go to university but i would become homeless because i can't afford school and living away from home. ctb seems like the only option for me when i don't want to keep living with my mom until i'm 30. my whole childhood i was waiting until i'd get old enough to move away and never have to see my mom again, but it never happened. none of my siblings moved away. we're all in our early twenties. my sister told me she could try to help me pay for college by getting her own job, but i just think it's unrealistic that she could help me when she has to pay for her school as well. people usually only have enough money to help themselves instead of help others. living a life without money is crippling and can cause anyone to break down.

 

[Daphne]

I am in a huge financial debt with no means to repay it. this bloat is eating me alive. I have a family to feed and i have zero financial assets and savings. Everything is dark around me and i wish to die.

I'm broke too, and can't pay rent. Sorry for your troubles.

 

[chakravyuh]

i think you sound too optimistic about people wanting to help @chakravyuh. i don't know their situation either so i can't say that much on their part, but most people see someone's debt as something they need to handle, since most people don't have the money to lend. writing a cry for help post online would probably be embarrassing when the debt is so big, since it'd be like airing your grievances out to everyone. the risk of homelessness and several people relying on your income is extremely stressful. most people see poor/in debt people as lesser because of classist values ingrained in society.

i've also had money issues for most of my life, although my reasons are different because my mom wants to kick me out of the house to go to university but i would become homeless because i can't afford school and living away from home. ctb seems like the only option for me when i don't want to keep living with my mom until i'm 30. my whole childhood i was waiting until i'd get old enough to move away and never have to see my mom again, but it never happened. none of my siblings moved away. we're all in our early twenties. my sister told me she could try to help me pay for college by getting her own job, but i just think it's unrealistic that she could help me when she has to pay for her school as well. people usually only have enough money to help themselves instead of help others. living a life without money is crippling and can cause anyone to break down.

I am just looking for easiest, quickest and most painless way to die. I want to end this pain of mine once and for all.

 

[chakravyuh]

Will it be ok if I involve my spouse and kid and this act. We all would be together in afterlife.