>tfw your mom puts you -$500k in debt What the fuck do i do now, /biz/? Apparently it was something about putting bills in my name, and she never noticed so now she doesn't have enough to pay it back. I think she has like $50k to her name right now.

File: 132 KB, 701x548, whatthefuck.png [View same] [iqdb] [saucenao] [google]

Anonymous Mon Jul 29 22:17:32 2019 No.15030841 [Reply] [Original]

>tfw your mom puts you -$500k in debt

What the fuck do i do now, /biz/? Apparently it was something about putting bills in my name, and she never noticed so now she doesn't have enough to pay it back. I think she has like $50k to her name right now.

>>	Anonymous Mon Jul 29 22:18:38 2019 No.15030853 how is that even possible? what did she buy? or did it add up over time and interest compounded.

>>	Anonymous Mon Jul 29 22:20:25 2019 No.15030878 >>15030841 Your mother is obviously evil and you should cut all ties with this bitch.

>>	Anonymous Mon Jul 29 22:21:00 2019 No.15030884 time to "awww jeeeeez dude" it

>>	Anonymous Mon Jul 29 22:21:28 2019 No.15030891 >>15030841 didnt read, not selling

Anonymous Mon Jul 29 22:22:36 2019 No.15030900

>>15030853
I have no fucking clue, we had it really fucking good when i was a kid but recently my mom lost her job and i had to leave college and come live with her and help her pay bills. She had a super niche position that didn't require much experience, but it's worthless on a resume so she had to start from the beginning basically. She probably used to spend about $40k a month on mortgage and bills alone, and now we're living in a two bedroom apartment trying to make ends meet, when this slaps me in the face.
My dad left when i was around 4 or 5 years old so he's no use to me at t his point.

>>	Anonymous Mon Jul 29 22:24:35 2019 No.15030930 File: 15 KB, 250x248, 1524868693336.jpg [View same] [iqdb] [saucenao] [google] >>15030900 >My dad left when i was around 4 or 5 years old so he's no use to me at t his point. Well looks like you know why he left.. your mother is retarded

>>	Anonymous Mon Jul 29 22:24:37 2019 No.15030931 just sell your linkies bro

>>	Anonymous Mon Jul 29 22:25:05 2019 No.15030936 buy at least 500 linkies to be rid of this by 2021

>>	Anonymous Mon Jul 29 22:26:30 2019 No.15030959 >she never noticed suuuuuuuuuuure she didnt

>>	Anonymous Mon Jul 29 22:28:23 2019 No.15030982 You have to have sex with your mom OP, stuff like this is always solved in no time on Brazzers that way

>>	Anonymous Mon Jul 29 22:28:25 2019 No.15030983 >>15030900 >She probably used to spend about $40k a month on mortgage and bills alone Wtf? Where did you live?

>>	Anonymous Mon Jul 29 22:28:28 2019 No.15030986 Just start slangin crack rocks and loose squares. You'll be alright champ

>>	Anonymous Mon Jul 29 22:29:10 2019 No.15030994 >>15030959 Yeah i'm kind of worried about that. If I can find evidence that she knowingly did this, what kind of legal action can I take? I don't want to, but this bitch is ruining my life and I'm sick of being her financial advisor.

>>	Anonymous Mon Jul 29 22:29:47 2019 No.15031004 >>15030930 This Time for you to do the same David

>>	Anonymous Mon Jul 29 22:30:30 2019 No.15031009 >>15030841 If this ever happened to me, I would literally murder her. Or have her murdered.

>>	Anonymous Mon Jul 29 22:31:05 2019 No.15031015 >>15030983 a very high class neighborhood in San Diego

>>	Anonymous Mon Jul 29 22:31:29 2019 No.15031020 File: 49 KB, 750x408, 10431400_821460317864113_3729929410970835508_o1.jpg [View same] [iqdb] [saucenao] [google] Look on the bright side bro, you've got $2.94 in your other account. Just lift yourself up by your bootstraps.

>>	Anonymous Mon Jul 29 22:32:24 2019 No.15031028 unironically, do you hold LINK?

>>	Anonymous Mon Jul 29 22:32:37 2019 No.15031033 >>15031015 well you are fucked now, good luck being a debt slave. If the 500K was in a house at least the interest rate would be reasonable and you would have an asset to sell.

>>	Anonymous Mon Jul 29 22:32:40 2019 No.15031034 File: 31 KB, 128x125, 9ED1D14E-DCFB-45FA-ADF2-4227E16A4D91.png [View same] [iqdb] [saucenao] [google] >>15030900 >mom spent $480k a year HWHAHAHAHAHAHAHAHAHA

>>	Anonymous Mon Jul 29 22:33:01 2019 No.15031039 >>15030841 2 questions? Was it a joint account? Does she have 8k?

>>	Anonymous Mon Jul 29 22:33:38 2019 No.15031048 Call Dave Ramsey, he'll shit himself

>>	Anonymous Mon Jul 29 22:34:10 2019 No.15031053 >>15031020 these are solid things to live by. Waste not want not.

>>	Anonymous Mon Jul 29 22:35:57 2019 No.15031078 >>15030841 Get revenge in her old age Find the worst, most abusive old folks home far from anyone she knows and leave her there

>>	Anonymous Mon Jul 29 22:36:19 2019 No.15031086 >>15031039 It had to have been a joint account or i'm not sure how else these payments could have been passed on to me. If you mean 8k as in money, yes she has that. If you mean something else, I have no idea

>>	Anonymous Mon Jul 29 22:37:29 2019 No.15031098 >>15030930 Kek based and truth pilled

>>	Anonymous Mon Jul 29 22:37:39 2019 No.15031102 >>15030900 What was her job? And why the fuck would she spend 40k a month just because you can? You can live crazy well on 6 to 10k a month even in San Diego.

>>	Anonymous Mon Jul 29 22:38:18 2019 No.15031111 >>15030900 where the fuck do you live, a penthouse in NYC? what costs $40K a month in mortgage and bills

>>	Anonymous Mon Jul 29 22:38:27 2019 No.15031113 File: 125 KB, 375x379, 1541605146724.png [View same] [iqdb] [saucenao] [google] >-500k

Anonymous Mon Jul 29 22:39:23 2019 No.15031125
File: 938 KB, 1447x2039, 1564017158739.jpg [View same] [iqdb] [saucenao] [google]

>Letting parents with bad credit do shit in your name

Christ OP

Call Dave Ramsey. Your probably going to have to declare bankruptcy and then NEVER have anything to do financially with your mother again

>>	Anonymous Mon Jul 29 22:39:54 2019 No.15031130 File: 190 KB, 1500x844, Sixty-and-Me_What-is-Being-60-Years-Old-Like-in-2-Words.jpg [View same] [iqdb] [saucenao] [google] >>15031053 Damn straight son. All you need to do to get a good job is a nice firm handshake.

Anonymous Mon Jul 29 22:41:33 2019 No.15031152

>>15031102
very compulsive woman who always wanted the best.
She was an "advisor" of sorts. And I say that very lightly. I don't know the details of it but her job wasn't exactly legitimate and they got shut down. She never told me the details other than she was an "advisor".

This whole thing is sketching me out the more that I think about it. If this is tied to some illegal shit, can I go to jail for this?

>>	Anonymous Mon Jul 29 22:42:51 2019 No.15031172 >>15030900 Random guess. Your mom had an in house service job at a big tech company, hairstylist, chef, whore, etc.

>>	Anonymous Mon Jul 29 22:44:51 2019 No.15031199 >>15031152 Not if you had zero knowledge of illegal activity.

Anonymous Mon Jul 29 22:45:22 2019 No.15031207

>>15031152
I wish you all the best anon, but you're in a bad situation. You need to hire a credit lawyer asap and get his advice to get you out of this. If it ends up you having to declare bankruptcy so be it. 7 years and it's discharged.
What happened to the house? Was it repod?
Tomorrow go open up a bank account in your own name only at a new bank so you can at least have something of your own.

>>	Anonymous Mon Jul 29 22:45:45 2019 No.15031213 AH MY LEG BRO I HIT MY CAAHHHH THEY GOT ME ON THESE PILLS BRO I CAN'T AFFORD NO FIVE HUNDRED THOUSAND DOLLAHS AH GEEEEEZ

Anonymous Mon Jul 29 22:45:55 2019 No.15031218

>>15031130
no you need to have experience usually which fucked me out of many jobs until i took a job in my field at half the pay. Now i am working F/T in my field for better pay after 2 years in that shithole.
dont be bitter man! boomers suck but not everything that is awful is related to boomers. Shit we dont have world wars or the draft so i feel pretty blessed.

>>	Anonymous Mon Jul 29 22:46:36 2019 No.15031238 >>15030994 >If I can find evidence that she knowingly did this Of course she knowingly did it. You can't spend half a million dollars in credit in someone else's name and not realize you aren't paying for it.

Anonymous Mon Jul 29 22:47:24 2019 No.15031246

>>15031086
I asked if it was joint, because if it wasn't and she stole your identity, which wouldn't be hard to know your name, address, soc sec, MOTHERS MAIDEN NAME..etc. That is a crime. Either way, you can contact a bankruptcy attorney 8k to get debt wiped. They want money up front for obvious reasons. They are also good advice for thefts of this kind. They have seen it all. People stealing from Grandma, etc. 7 years is a long time, but you should shut that account down yesterday.t. lawfag

>>	Anonymous Mon Jul 29 22:47:34 2019 No.15031250 >>15031199 This. Get a lawyer yesterday. Put 500 linkies in a cold storage wallet. This will all be a distant memory soon if you play your cards right.

>>	Anonymous Mon Jul 29 22:49:22 2019 No.15031267 >>15031015 This still doesnt make sense but larp on

Anonymous Mon Jul 29 22:49:38 2019 No.15031268

>>15031207
Thanks anon, that's some good advice. I really just wanted to make a thread to find something like this. I really don't want to think about how much my mom fucked me over, and i really don't want to believe she willingly did it, even though deep down I know she did, but this will help me have some peace of mind.
Yeah, I really don't know what happened to the house. This all happened while I was at college and my mother hasn't been very open about it. I guess that's another sign.

>>15031246
Thanks man, working on getting it shut down right now.

>>	Anonymous Mon Jul 29 22:50:26 2019 No.15031275 File: 158 KB, 720x1080, i.jpg [View same] [iqdb] [saucenao] [google] >>15031218 >Shit we dont have world wars or the draft so i feel pretty blessed. I'd prefer the world war desu

>>	Anonymous Mon Jul 29 22:50:44 2019 No.15031281 >>15031246 How does the process of paying 8K to discharge this go? Just right to BK court? Do they try and negotiate out anything with the creditors prior?

>>	Anonymous Mon Jul 29 22:51:25 2019 No.15031290 >>15031267 at the end of the day the $40k in bills is just the information she gave me. I know it was probably all other bullshit she was spending on, and that the mortgage was more than likely 5-10k and bills were 3-5kish.

>>	Anonymous Mon Jul 29 22:54:34 2019 No.15031319 >>15031281 You are paying them for doing the routine paperwork necessary to file bankruptcy. It's not that hard, but the money guarantees that it will be done right, professionally, and reasonably intelligent person to answer your questions.

>>	Anonymous Mon Jul 29 22:54:37 2019 No.15031321 >>15030841 Damn op, that fucking blows. Hopefully you have some linkies so you can bounce back hard in the future.

>>	Anonymous Mon Jul 29 22:55:18 2019 No.15031333 >>15031290 Sounds like your first step is selling the literal mansion you live in then

Anonymous Mon Jul 29 22:56:16 2019 No.15031347
File: 67 KB, 640x480, cute hippo.jpg [View same] [iqdb] [saucenao] [google]

>>15030841
>>15030900
Man op that sucks but I'm here to tell you it could be worse. My mother incinerated 1.5 mil in a few months after divorcing my father, went deep into debt and because I had a joint account with her it got absolutely JUSTed with no recourse. She was a victim of fraud but that's aside from the point. The point is that things can always get worse and sometimes unimaginably quickly so try to be grateful for what you have, have seen, and have done in life.

>>15030884
Gonna link the vid since OP should abuse this every chance he gets and not feel guilty about anything.

https://www.youtube.com/watch?v=oD2gXY4piF4

>>	Anonymous Mon Jul 29 22:56:21 2019 No.15031348 >>15031333 >>15030900

>>	Anonymous Mon Jul 29 22:56:50 2019 No.15031354 Just realized the screenshot is for a savings account? How would that be possible to be that overdrawn. Also I thought it was fairly difficult to pay a mortgage with credit.

Anonymous Mon Jul 29 22:57:37 2019 No.15031364

>>15030900
Your fucking stupid ass fault for treating a grown woman, who is also your mother, like a fucking toddler and paying for her every expense. Not only that, but letting her TOUCH YOUR FINANCES after she has proven patently unable to manage her own. Consult the bank and a lawyer on your options to nullify the charge and run the fuck out of that parasitic relationship while you still can.

Anonymous Mon Jul 29 23:00:01 2019 No.15031392

>>15031281
Shit, sorry didn't fully answer your question. Yes they may put you in touch with a financial counselor and try to discharge some of the debts if you have physical assets and are on the bubble. If your as fucked as OP there really is very little point other than asset list for the court.

>>	Anonymous Mon Jul 29 23:01:18 2019 No.15031412 >>15031392 interesting thank you

>>	Anonymous Mon Jul 29 23:04:26 2019 No.15031451 >>15031213 Yea do this Just pay like $3 a week for the rest of your life. You can almost afford that

>>	Anonymous Mon Jul 29 23:05:53 2019 No.15031459 >>15030891 Kek

>>	Anonymous Mon Jul 29 23:06:02 2019 No.15031463 >>15031348 Ah sorry. Missed the part where you lost your mansion already.

>>	Anonymous Mon Jul 29 23:09:07 2019 No.15031504 >>15030841 drop a hard eth on TRUE, 50% off on forkdelta so it's a great arbitrage opportunity provided you know how to use a DEX

>>	Anonymous Mon Jul 29 23:09:50 2019 No.15031516 File: 20 KB, 533x195, Screen Shot 2019-07-29 at 11.08.07 PM.png [View same] [iqdb] [saucenao] [google] I wish there was something I could do, but as you can see, I'm nearly tapped out.

Anonymous Mon Jul 29 23:10:03 2019 No.15031520

>>15031463
I mean I grew up nice but how was I supposed to know this shit was going to happen? I can't even describe what it feels like to not know my mother was a fucking psychopathic bitch until just six months ago. I wish i would have grown up poor.

>>	Anonymous Mon Jul 29 23:34:17 2019 No.15031810 Declare bankruptcy and cut ties with your mother.

>>	Anonymous Mon Jul 29 23:36:27 2019 No.15031833 >>15031520 This must be a larp. We need more details

Anonymous Mon Jul 29 23:41:34 2019 No.15031884

>>15030900
File for bankruptcy. This amount of debt is going to crush your soul otherwise. Take the hit for 7-10 years, then just start saving 10-20% of your wages (or more if possible). You'll be alright.
I personally hate credit cards, loans, or any other kind of debt - you can live without those things if you have cash and an ATM card

>>	Anonymous Mon Jul 29 23:42:03 2019 No.15031890 File: 42 KB, 586x524, 1544731027943.jpg [View same] [iqdb] [saucenao] [google] >>15030841 DUDE JUST NEGOTIATE A 50 YEAR PAYMENT PLAN LMAO

>>	Anonymous Mon Jul 29 23:44:38 2019 No.15031917 OP has to sue his mom. >sad world I hope you aren’t white

Anonymous Mon Jul 29 23:48:57 2019 No.15031970

>>15031281
>How does the process of paying 8K to discharge this go?
My bankruptcy cost under $800. Chapter 7. And there was a repossession involved.

Don't hire a goddamn jew.

You hand over ALL of your financial records to the lawyer. You hand over a list of ALL of your assets. You fill out about 20 pages of questionnaires asking for everything, because if you lie or forget about a single bill or a single asset it can fuck you.

Costs about $300 to file. The rest is for the hour of work your Lawyer bills for. Because it's dead fucking simple. Then you wait 3 months till your hearing date. And it's done. Your GoodGoyScore is fucked for the next decade, but it all goes away.

Bankruptcy is easy.

>>	Anonymous Mon Jul 29 23:50:15 2019 No.15031985 >>15031354 I’ve never heard of a SAVINGS account going negative. Even checking accounts generally cut you off at - a few thousand. Bank accounts are not for going into debt. That’s what credit cards and Bank loans are for.

>>	Anonymous Mon Jul 29 23:52:29 2019 No.15032007 Let me get this straight.. You enjoy decades of luxury that few ever get to experience in their lifetime because of the effort of your mother. And when the cash cow dries up you want to abandon ship? You reap what you sow you gold digging coward.

>>	Anonymous Tue Jul 30 00:52:22 2019 No.15032627 >>15032007 It's the boomer lifestyle (especially female boomers) live as large as the system will allow inflate the bubble beyond the edges of rationality no responsibility send the bill to your kids she's probably sipping a monster right now

>>	Anonymous Tue Jul 30 00:57:00 2019 No.15032657 File for bankruptcy? You could sue but like you said she doesn’t have anything. I’m sorry anon that sucks.

>>	Anonymous Tue Jul 30 01:39:24 2019 No.15033037 Fake and gay.

>>	Anonymous Tue Jul 30 01:47:39 2019 No.15033101 File: 206 KB, 500x500, 1564331526563.png [View same] [iqdb] [saucenao] [google] >>15031213 cry as well OP im not joking find something, and fucking cry

>>	Anonymous Tue Jul 30 03:04:06 2019 No.15033792 >>15031033 Bankruptcy will save him Seriously, it was made for this

>>	Anonymous Tue Jul 30 03:05:44 2019 No.15033809 >>15030900 That 40K a month was credit in your name kek

>>	Anonymous Tue Jul 30 03:08:15 2019 No.15033828 >>15032007 Clearly she wasn't putting in any effort, retard. He was the cash cow.

>>	Anonymous Tue Jul 30 03:29:17 2019 No.15033980 Fuck I thought I was bad. Just hang in there bro.

>>	Anonymous Tue Jul 30 03:31:49 2019 No.15033994 > having 50k cash and not buying Refereum before the PUBG pump

>>	Anonymous Tue Jul 30 03:37:13 2019 No.15034033 File: 165 KB, 394x377, 978432890402789.png [View same] [iqdb] [saucenao] [google] >>15030900 Well anon, looks like you got yourself a wife. Hope she sucks dick better than she manages money.

Anonymous Tue Jul 30 03:43:30 2019 No.15034087

>>15030900
>She had a super niche position that didn't require much experience, but it's worthless on a resume
So she was a prostitute? Just tell her to get back into the game, even older escorts can rack in big bucks, she'll be able to pay you back in full in just a few years if she makes an effort.

>>	Anonymous Tue Jul 30 05:19:06 2019 No.15034763 >>15031213 >on there

>>	Anonymous Tue Jul 30 05:42:18 2019 No.15034938 >>15031275 thats because you're dumb

>>	Anonymous Tue Jul 30 05:45:35 2019 No.15034977 >>15032627 millennial* lifestyle

>>	Anonymous Tue Jul 30 05:45:36 2019 No.15034978 >>15031020 excellent goy

>>	Anonymous Tue Jul 30 05:51:01 2019 No.15035013 >>15030841 Take out a loan to pay iy bavk .

>>	Anonymous Tue Jul 30 05:52:41 2019 No.15035032 >>15030841 Um. I don't know. Suicide?

>>	Anonymous Tue Jul 30 05:57:12 2019 No.15035061 How does bankruptcy work? Not american so no idea.

>>	Anonymous Tue Jul 30 06:37:20 2019 No.15035311 Wow this thread is crazy. Not sure if this is a larp but if this is real you need to sell yourself to Dr Phill, it could pay you a lawyer.

>>	Anonymous Tue Jul 30 06:41:48 2019 No.15035345 >>15030841 Imagine being such a good goy debt slave that even other people can put you in debt.

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/biz/ - Business & Finance