B and I filed bankruptcy a few months ago. After S2's 4wk NICU stay, and the subsequent almost $60K in medical bills, we really had no other choice.
We've been trying for some time to figure out how to rebuild our credit. We'll be getting secured credit cards soon in order for both of us to work on our credit ratings separately, but tonight we took our first step to rebuild it together.
B's car is dead as dead can be. His parents very graciously gave it to us almost 2 years ago, and we've run it as far as it will go. It would cost almost 3 times its value to totally repair it. We called a dealer who specializes in working with bankrupt clients, and had a meeting with him tonight at 7. By 8:30, we were signing the last of the papers on the new car that B will drive.
It's a 2005 red Ford Taurus with 33K miles.
This is the first thing we've been able to get on credit on our own merit. We're so thankful and grateful that we were able to take th necessary steps to be able to recover from our severe financial burden.
As the anniversary gift plaque from my parents reads: Faith makes things possible...not easy.