My mom filed bankruptcy last year and she just can’t afford to help me. I am 20 yrs i will claim about 16-17k on my tax return from doing landscapeing this year. I pay for school, rent(8months where i go to school and i give my mom about 250 a month in the summer), car insurance, truck, and really everything except i’m on my mom’s health insurance(teacher). Can i claim myself? and how would it hurt my mom not being able file me as a dependent, and how much would it help me as far as paying taxes on my business and paying for school? Thanks

Technorati Tags: bankruptcy, car insurance, health insurance, insurance, mom, paying taxes, school thanks, summer car, tax return

I was involved in a car accident and I did not have car insurance at the time, simply could not afford my payments. Now I have a collection agency coming after me on behalf of progressive for ,000 and progressive had my license suspended. If I file bankruptcy will it eliminate my debt therefore allowing me to get my license back?

Technorati Tags: bankruptcy, car accident, car insurance, insurance, progressive

okay I am married and we are currently overly in debt. My husband is working a great job while I on the other hand lost my job due to the economic ways we are in. we are about 18,000 in credit card debit that we stop paying in general. we have a 38,000 car loan that we have been paying and have had it for a year now. than of course we have all the other basic bills FPL, Cable, Car insurance , rent which is 1,000 a month. since one side has been bring in money we have only be able to pay for the basics and car payment, car insurance, and rent.
There is really anything else we can do.. there is no managing money because all of the money goes directly to bills.. there is nothing we can sell to gain money for all our debt.. it just seems like its getting worse and worse and we thought about bankruptcy. Yes, I agree it’s a horrible thing and it stays on your credit for 10 years YES THAT IS RIDICULOUS bad.. but really what is there else to do.. the interest rates on the credit cards are so high that because of 1 month not paying the minimum jumped up 700.00 so i don’t even want to check what it is now!! We don’t have much options besides that.

If we decide to do it how will it effect his current job? Does his current job have to know we filed bankruptcy?
How would it effect our car loan?
How would it effect us paying RENT to our landlords..

Thanks a lot of the help in advanced

=/ ohhhhhh
Thank you for all that is giving me their opinions.. and to add on… yes a 38,000 car loan is ridiculous. But we all do things in life that isn’t perfect. So, it doesnt matter our age not everyone makes the correct decisions regardless it doesn’t change the situation that we are in. so call it stupid or whatever you like… All i am trying to DO is get opinions to better my situation and to answer me questions I have.

Thank you for all who has answered all have helped in different ways.
Greatly appreciated

Technorati Tags: 10 years, bankruptcy, cable car, car insurance, car loan, car payment, correct decisions, credit card debit, credit cards, different ways, fpl, insurance, interest rates, job, landlords, managing money

I am so overwhemled with monthly payments for my new car, car insurance, registration, 5 credit cards that are maxed out, now I am paying medical bills for a trip to the hospital without medical insurance. To top that off, I’m depressed about ending a long term relationship. I am just so sad, overwhelmed and no motivation to even go to work, which is my bread and butter. Everything all at once! I can’t even go anywhere cause I don’t have the money.

I called my cc companies and asked them to lower my monthly payments, but even that’s not helping…

I have no choice but to file Bankrupt, but have no idea as to go about it, can someone who has been there please help me….What do I do, where do I go, what will it cost? Your help would be greatly appreciated. Thank you in advance.

Technorati Tags: bread and butter, car car, car insurance, credit cards, ending a long term relationship, insurance, long term relationship, medical bills, medical insurance, money, motivation, new car, trip to the hospital

I lost my job in October, so about two months ago. I have been living off savings, family assistance, etc. I can no longer afford my 500/mo car payment plus my 120/mo car insurance. I contacted the finance company, but they don’t offer refinancing. To top everything else off my dad and cosigner filed bankruptcy, so they won’t even give me a extension. They said they cannot discuss the debt because my dad filed bankruptcy. Also I cannot pull a loan because the car has depreciated 8,000, and lenders won’t lend me more than a percentage which mine suceeds. They will only lend me the amount its worth. I know I am still liable for it. I have great credit I pay all my credit cards off. I am never late on payments. I just can no longer afford it. Please help me. Any suggestions? and how bad will this effect me if I surrender/it gets reposessed?
Also I am still young, so someday I would like to buy a house. Hopefully even another car sometime soon.

Technorati Tags: bankruptcy, car insurance, car payment, credit cards, dad, family assistance, finance company, insurance, job, lenders

"Jeff", 21, is a full time college student and can no longer work because he doesn’t have the time. His dad lost his car for driving without any credentials, so Jeff now drives him to and from his low paying, thoughtless job every day. He drives him anywhere he needs to go – bank, store, church. It’s been going on several weeks, and the father has said nothing about getting a new car since he can’t afford the 00 ticket. The father spends most of his time partaking in church and football watching on tv. He has no aspiration to get a second job, because as long as he has his routine church, football, and weekly steak, he is happy. Honestly, he isn’t very bright, for he can’t even understand basic things that Jeff or I talk about – he isn’t bright at all. It seems hopeless.

The father has lied to the mother, who cares but is going bankrupt anyway, so it’s not like she can financially cover her son, Jeff. The father even lies that he is paying Jeff’s car insurance, when really he isn’t paying for his or his son’s.

The father does give weekly twenties to Jeff for gas, in addition to cash for any of his car repairs. It’s not enough though, so I give money to Jeff as well. Ever since the father’s dilemma occurred, Jeff has been far more anxious and tired than normal. He is so busy, he has little time to consider a plan. He also doesn’t have much time to complete the startup process of his online business. He is driving illegally (no insurance), so this must be corrected. What can he do, and does it benefit that I inform the mother of the truth?

Technorati Tags: aspiration, car insurance, car repairs, credentials, dad, dilemma, full time, insurance, little time, money, new car, quot, second job, time college student, truth

I’ve recently been contemplating filing for Bankruptcy (Ch. 7) because I am in so much debt it hurts my brain to even think about it!! I am currently over k in debt. Most of the accumulated debt I owe is from past bills I ran behind on due to some unnecessary circumstances. Right now I am attending school full time and working part time making a measly 20/month as my take home pay. With my salary I pay for all the usual bills: rent, utilities, wsg, car insurance, car note, and use whatever I have left over to pay down my debt. For the past year and a half I haven’t opened any new credit accounts and I’ve been on a tight budget. I take full responsibility for all of the finanical debt I put myself into but am stressed and afraid that some of the creditors I owe will soon take legal action (as some have stated in their threatning letters). I’ve attempted to set up payment plans and have tried to negotiate a reasonable payment plan with my creditors but even with some agreeing to this others are not as willing. I am just seeking some advice because my credit is already horrible and even if I decide to paydown my debt it will take well over 5 years relinquish. I figured if I file for Chapter 7 it will stay on my credit just as long as if I tried to paydown all my debt on my own.
Big T: THank you very much for the advice and the many suggestions. I have been trying to stay optimistic about the whole ordeal and I have to give it up to you because I understand first hand how hard juggling work and going to school full time can be. I understand my debt is nothing compared to others but it is still a debt I have to take care of. I appreciate the encouragement and will look into other wage earning opportunities and try other ways to cut back!

Barnaby J: Thank you, I didn’t really factor in my wage earnings after college because they are still unbeknowest to me. (maybe if I looked into a crystal ball I’d know for sure..lol) But, since you have mentioned it I am predicting my salary wages will increase quite significantly after college which will help me drastically in cutting my debt!! However, I am not trying to rely entirely on those predictions! Thank you!!

Technorati Tags: big t, brain, car insurance, ch 7, chapter 7, circumstances, credit accounts, creditors, crystal ball, encouragement, filing for bankruptcy, full time, insurance car, lol, ordeal, part time, salar, salary, tight budget, wage earnings

I am a 22 yr old, 4th year university student with like 7 thousand dollars in credit card debt. I have part time job, that pays for my rent and car insurance, and some food. I get my tuition form my parents. But since this is my last semester I wont get any more tuition form them. I am really stressed up right now. Can I file for bankruptcy? What is the procedure.

Technorati Tags: bankruptcy, car insurance, credit card debt, insurance, parents, part time job, thousand dollars

This person smashed up my car from negligent driving and had no car insurance. I received a judgment and had his license suspended all of this happened in Illinois. They are now in Texas and can’t get a legit driver’s license due to the suspension/judgment. They now say they are going to file chapter 7 in Texas to overcome this situation. Would filing Chapter 7 bankruptcy vacate my judgment? Can he really do this?

Technorati Tags: car insurance, chapter 7 bankruptcy, filing chapter 7, filing chapter 7 bankruptcy, insurance, judgment, negligent driving

Has anyone ever used this? I have quite a heavy load of debt and want to consolidate to reduce fees, etc. Has anyone ever heard of these guys:
APEX FINANCIAL SERVICES
DEBT SETTLEMENT PROGRAM
Smart, easy and proven alternative to bankruptcy!
Debt Settlement REDUCES your debt by as much as 40% to 75%!
You could be debt free in as little as 12-36 months.
Our negotiators have settled millions in consumer debt.

Please let me know if you’ve had any experience or have any advice. I have about 5 revolving credit lines (including car insurance, etc.) and want to consolidate all to one account, or use the service I mentioned above. Any advice is appreciated!

Technorati Tags: apex, bankruptcy, car insurance, consumer debt, debt settlement program, financial services, heavy load, insurance, negotiators, revolving credit