Yesterday the IRS seized my bank accounts.  I called them today and they released them but you can see that my situation isn't very pleasant.  The biggest problem with this situation is that when you seek help, i.e. bankruptcy lawyer, tax relief, etc., that you find that it costs more money, thousands more.  I say here that I appreciate that their are a lot less fortunate people than me out there.  Even in my situation I wish that I could help every person out there.  Kind of hard to help others when you can't help your self.

   It's also hard to recognize, well not recognize, but change the self destructive pattern that I have established for myself.  I'm sure that people that come on hard times don't usually look to themselves for the cause but I do.  There are a multitude of ways that I could have avoided this whole mess and yet I didn't do them.  In this blog, I think I will write down the variety of things I could have done so that I may look back in the future and listen to my own advice.  If I have a future.

   One of the first things I should have done is gotten mortgage insurance.  I always told myself it was a waste of money and would put a drain on my self indulgence.  That's the blunt truth to the matter.  If I had gotten the insurance it would have been a huge burden off of my shoulders.

   The next thing I would say, is that I would not have garnered dreams about being a big shot when I became self employed.  I should have payed myself no more than any other job would have payed me and just banked the rest.  This is a bit of advice I shared with another man and he took it.  That man is thriving and still paying himself the bare minimum that he needs.

   That above piece of advice is huge.  If I had followed it, my taxes would be paid, I would have money in the bank, and I would not be in this situation at all.  If I dig myself out of this mess, and I live long enough, I will be taking that advice.  If I had done so at a younger age.....  You understand.

I have a tax professional that says he can help me with my taxes.  I've called numerous companies of this sort and all have pretty much said that they cannot help.  I may be wasting my time and money, but I'm desperate.  Once I get him involved, I will put his name in here and keep you posted.

   That's all my thoughts for now.  I hope all that read this lead a happy uneventful yet interesting life.

   Until next time, RJC

Financially Ruined

   This is just a blog about how I totally screwed myself up financially and the process that I go through to recover.  I've been leading my life through self indulgence, spending money on whatever I wanted at the slightest whim.  In other words, I have been an idiot.  I hope that I have learned from my mistakes.  I spent the last eight years making great money as a truck owner operator handing out advice that I should have taken myself.  I don't have the discipline it appears to what I really need to do.  Then all that income disappeared do to medical reasons.  I lost all my income and am currently living on workman's comp.  This dropped my income by about sixty six percent.  My monthly bills are about seven thousand dollars a month and my workman's comp is three thousand four hundred a month.  My house is on the verge of foreclosure and I will be filing bankruptcy soon.  Before I can return to work I need back surgery and time to recover.  To top it all off, I owe about sixty five thousand in back taxes.  The question is, how am I going to recover from all this?

   As I said, the first step is bankruptcy.  This is inevitable.  There is no way possible to recover from the bills that I am behind on.  You probably want numbers so here you go. My total debt is about $293,000.00, most of which is secured.  My unsecured debt is about $78,000.  My monthly payments for necessities is about $1,800.00 without my house payment, $3250.00 or so with the house payment.  My monthly income from workman's comp is about $3,400.00.  As you can see, I am screwed.

   So bankruptcy comes first.  Next, I will try to work with the loan company to save my home.  If this doesn't work out then I have to find a way to manage another place to live.  I think I can save my home but it won't be easy.  While I am doing this, I will have to work with the IRS to get my tax issues cleared up.  This is all very overwhelming and I am not sure how I will get through it.  I have my doubts.  I'm sure that many of you will leave rude comments about how I'm an idiot, but thats a given.

   I am very worried about the future.  I will post updates about how things proceed and I hope that it helps others.  Soon I will give a more detailed narrative about how I got into this mess so that others may avoid it before it happens to them.  For now I leave you.  I appreciate you reading this and I hope that all of you have a wonderful life without these trials.

   Bye for now, RJC