Posts Tagged ‘extra money’

Should I file bankruptcy now or later?

1. I am like many in that my house is worth much less than my loan.
2. I have over 25,000 in credit card debt, and have stopped paying on most of it.
3. What I bring in per month is about 1000 less than what needs to go out (and that’s just at min. payments!)
4. I drive for a living and my car is to the point of either keep dumping money into it or buy a new one.

So what I need advice on is whether to just continue not paying on my credit cards and have to put up with calls, scraping to get by and paying an inflated house payment, driving my old car and spending extra money on it for maintenance. OR Do I go buy a new car (assuming I can) and file bankruptcy afterwards?

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Can I settle with a debt collector for a lower amount than owed after going to court?

i got served papers and went to court for about 00 in credit card debt.. i talked to their attorney and i accepted the debt and she gave me two weeks to contact the agency because i was considering bankruptcy or consolidation.. i do not want to do either of them after doing research on both.. i did make contact and they really didnt want me to make any type of payment at all.. he was really giving me a hard time and finally asked everything i have to pay.. i told him and he said WOW, you really dont have any extra money to pay this.. he excepted a month until i can start making more.. i have a child that will be 2 in feb and my fiance that lives with me.. i am currently the only one working and have no clue how to go about this..at tax time i was really wanting to pay it off if i could settle for an extremly lesser amount.. i have to pay off, or quite abit twoards my car because i cant make the monthly payment always.. if anyone has any advice it would be much appreciated~!! thank you

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My credit is horrible but I don't know if I should file bankruptcy or just pay off my debt?

My credit is terrible I have quite a few accounts in collections, charged off and delinquent and wage garnishment. Some of the accounts are not mine but the process of filing a dispute with the credit bureau has proven unhelpful because they would not remove the accounts. So I am trying to move forward in my life and get my finances and everything together but I am not sure if I should file bankruptcy because I feel like I can not obtain new credit anyway and either way it would take at least 6 months to a year to show that I am being more responsible but my main concern is my garnishment that will stay on for about 20 more months and I really need that extra money due to the fact that I am a single parent trying to get on my feet after leaving an abusive relationship and I just don’t know what to do. Morally I think the right thing to do is to pay off my bills but I don’t have any extra money to do so the money they are taking from my wages could be used to pay off my debt but the only way I can get it off is to file bankruptcy so what to do I am very confused and defeated right now please any advice on finances that could help!!
when I say the accounts are not mine that means I did not sign anything I did not ok anything and I was unaware of the accounts until I looked at my credit report. I have had my personal information stolen on 2 seperate occasions so while yes my name may be on the account I did not sign for them. I am woman enough to admit the accounts I opened I neglected but I do not want to pay back money for accounts or loans that I had no part of and I do understand that bankruptcy will effect my credit for years to come but I have 2 kids a job and school so yes finding another job sounds logical but physically and mentally I am not capable right now of taking on that extra stress and losing the 4 hours of sleep i get each night now. Thank you all for your insight and help Busso, Melvin and Irv thanks a lot you guys your answers don’t make me feel like a complete idiot.

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Can you start a website business while in Chapter 13 Bankruptcy?

I am currently in Chapter 13 Bankruptcy, and I was wondering if I can start an internet business. I would like to start a Website and make me some extra money if it is possible, however I don’t know if it would affect my current Chapter 13 Bankruptcy in anyway. If possible, Does anyone have any GOOD ways to make money online. If you are going to be a smart ass please don’t respond to my question.

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What happens to all extra money you have when you file for bankruptcy either chapter 7 or 13?

I am planning on filing for either chapter 7 or 13 in a few months and I was wondering what happens to extra money once you go bankrupt?

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Would it be a good idea if the State of Ca (my home state) default on its bonds in order to save the State?

Ok, first off I don’t know if this is a Conservative or a Liberal idea, but I did vote for McCain and Palin and think that they would make a better team to lead the country then Obama and Biden. Many in my family and I have to include my inlaws and YES!! even my own husband (he’s still the love of my life) think that sometimes my cognitive processes (thinking to those of you who haven’t mastered "BIG" words lol is on the eccentric side. For example, I thought (and still believe this idea) that when California was having the wildfires it should have let them burn out on their own and simply rescue any people in the way of the fires. People then should have been relocated out of California to live in such safer environments as Kansas (where there are few fires) etc. Anyway this is Rebecca thinking out of the box again. The government should simply print up a lot of money and use it to pay off all the bonds. After this, California would have plenty of money left to balance its budget and pay for schools, roads, and maybe even cut taxes. If the Federal Government refuses to print extra money to pay off the bonds (after all the money is only paper lol lol) then an alternative would be to simply default on the bonds issued by California and declare bankruptcy. So what do all of you think? Oh, in the interest of full disclosure, my mind is searching for something to keep busy since I said goodbye to my favorite man on Wednesday and he’s on his way back to Iraq after spending a wonderful two and half weeks at home on Leave. I think he left me with a little bundle of joy that just started growing inside of me and will eventually be an addition to our growing family.

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