I am a college student that just graduated and will be attended grad school. I have around 00 in credit card debt + student loans and am struggling to make the monthly payments. I know filing will destroy my credit, but I don’t need any credit for at least 5-7 years. Would it be worth filing bankruptcy to get rid of this debt? How long does it take to restore your credit to a decent standing after you file? Thank you very much for your help.
I am a college student that just graduated and will be attended grad school. I have around 00 in credit card debt + student loans and am struggling to make the monthly payments. I know filing will destroy my credit, but I don’t need any credit for at least 5-7 years. Would it be worth filing bankruptcy to get rid of this debt? How long does it take to restore your credit to a decent standing after you file? Thank you very much for your help.
I am in the process of considering filing bankruptcy and I have 2 cars that I have and they are both on loans….one is for 6900 and the other one is for 3000 I have both of them because one is for me and the other one is for my boyfriend he pays his and I pay mine and I have never had a problem with him paying his car payment.. (just in case some of you want to say that I shouldn’t have a car in my name for someone else I already know this) Thank you!
I’m filing bankruptcy at the end of October.
I’m recently divorced and my ex dumped all the debt we had on me to deal with, so I was thinking, maybe I’ll get myself some stuff and add it to the pile.
I don’t have any credit cards (they were all in her name) so it’d be a waste of time to apply for any.
Can anyone suggest, what to get on “credit” that I can dispose of in the courts?
I am trying to decide if I want to file bankruptcy. I know that filing bankruptcy will not cover student loans. But I have student loans and owing a school. If I file bankruptcy will the money I owe the school be included? Also will it include back taxes from 2007?
Thanks!
I owe the school and i have student loans. I know the student loans aren’t included but what about the money I owe to the school?
I am going to continue making payments with the state but can they still put a tax lien on you after you have filed chapter 7? Also, who determines the payments after filing bankruptcy?
The creditor filed judgment against me on my credit for medical bill, that was from my ex -wife. I was being nice and stupid, she was still under my insurance coverage even we were separated, I had no idea where was she, all of sudden there was medical bill on my credit. I filed divorce on the news paper because I couldn’t find her. I am still not able to pay this money, I am thinking about filing bankruptcy… How can I do it?
we bought a 96 jeep grand cherokee 7 months ago and it no longer runs as of last month. payments are 275 a month, they wont work with us and we still owe 4500.00. we are letting it go back i guess and filing bankruptcy. is this a good idea?
me and my husband are thinking of filing bankruptcy and i had heard that you lose your tax return is this true. we live in missouri.
I am currently am not living with and about to file for legal separation from my husband. He just told me he is filing bankruptcy, he owns a construction company that’s had a hard year. We are not ready to call it quits yet and divorce, but I want to protect myself. We have no joint accounts and my name is not even on the house he’s living in or associated with his business. Even if we get a legal separation will I still be affected by his bankruptcy? We live in Oregon.
I am going to file chapter 7 bankruptcy and I have a joint credit card between myself and my son. What I would like to do is keep the credit card so I still have something for emergencies after I file bankruptcy. Do I have to list the joint account when filing bankruptcy? Because I would like to keep it open and keep making the payments as usual, and if I did list it could that effect my sons credit, even if he makes the payments, since he is joint on the account,?
This sounds a little tricky but it’s not really. I am planning on filing bankruptcy in November as a result of a writ put on my bank account due to a credit card that wasn’t paid off (and I was never served the papers for).
I currently live in PA but will be moving to NJ in October which is in my favor pertaining to the BK I learned. Also I am adopting my cousin’s child who will be coming to live with me in Nov. I was told to wait until he is here to file because that will also help my case. My main concern is that I don’t want it to go to a chap 13 BK.
Any advice on what I can do right now to help set myself up for making sure it becomes a Chapter 7 Bankruptcy would be appreciated. Thank you for your help. Any spam answers, pointless one word answers etc.. will be reported.
Thank you,
Mary
Someone PLEASE help me to figure this out. I have been unemployed for most of the past 2 years. I have recently begun a job and am making barely enough to live off of and have moved in with a friend to save expenses. I have had perfect credit up until now… just 2 months ago I missed my first payments on my 2 credit cards and haven’t made a payment since. At first I told the CC company that I wasn’t able to make a payment for a few months, but now I see that I don’t have enough money to make a payment at all and don’t see myself having that kind of money again in my current job. I see no higher paying prospect either, and trust me I have been applying for the past 2 years. My debt with the 2 cards is 20K each, with a total of 40K in cc debt. I also have 14K in student loans on top of that, which I just caught up payment on. These debts are all from school expenses, I thought I’d be able to pay them off shortly after school but but I was not able to complete the program. My question is this… if I just don’t pay my cc debt, have no house or property, and my car is a clunker, have no dependents, what will eventually happen? I already am being called 13 hours a day by collectors and it’s only been 2 months. Would I be better off just filing bankruptcy? My income 3 years ago was 43K, and now over the last 2 years it has been a total of 15 K (mostly earned the second half of 2008). If my credit is going to be ruined anyway, why not just file chapter 7 bankruptcy if I have no way of paying it off over the next decade? Bankruptcy seems my only option, but I know I feel desperate now and hate to do something so drastic if theres a better way… I just need to know what the better way is and what to expect. PLEASE someone enlighten me. Thank you!
A long time ago I apparently had a utlility bill that I didn’t pay in full in a town I lived in for only a year. Well apparently it has ballooned to about 1300.00. I am currently filing bankruptcy and was wondering if you could but that in also with the other debt.
thank you:)
Thinking about filing bankruptcy. Was curious as to which chapter hurts your credit more, chapter 7 or chapter 13.
i am filing bankruptcy, but my mom, wants to open a business, give me the money and i will open it and run it for her. does the goverment is going to investigate me if few months after i file chapter 7, i will open a business?
We are thinking about filing bankruptcy but have a leased truck that we dont want to go back. Can we file chapter 13 on that or should we just let the truck go back?
we have racked up the miles on the lease and will be paying out the a** for them and would rather not let it go back. I wish we weren’t in this predicament, but my husband was laid off and neither of us can find a job…
We are looking to purchase our first home in the Denver area in about a year. We both have bad/old credit(both of our credit scores are below 600) Our income will be around 75k(I am finshing up nursing shool)
We are trying to see if this is even possible or if we should just be content renting for several more years.
We are expecting a higher interset rate. I have heard of "B loans" & "sub prime lenders" and have been trying to look into them.
We are trying to decide if we should just file bankruptcy now and see if our credit gets better or if it is possible to get a loan?
Will we need 20% down with this bad of credit, or can filing bankruptcy help that?
Ok, here is the deal. I was stupid and young and let myself get talked into buying a neon 4 yrs ago. The car is having some major issues with the transmission and the repair costs more than I can afford. The warranty has expired and I owe more than it’s worth(duh). I can’t get approved for a car because my credit is bad and the car adds about 5,000 onto the potential loan. I have some other debt I accrued while I was unemployed and couldn’t pay my bills and I am thinking about filing bankruptcy. I understand that if I file bankruptcy they might not include the car because I owe way more than it is worth. So the question is do I let them re-po it first and then file bankruptcy and if so do both show up on the credit report? Help! And thanks in advance to all of you that give serious answers.
I am curious if somone is working on filing bankruptcy and knows it but, uses somone to co sign to buy furniture at a furniture store, and then that party turns around a week or month later to file bankruptcy, can the retail store take you to court for presetting up the plan of buying and then filin under bankruptcy? and can they do anything to the cosigner since they weren’t aware of it? Cosigner is now being harrased about what they did….
My friend (not anymore) borrowed money from me. Later she has filed for bankruptcy but hasn’t included her debt to me in it. Now when i ask money she is telling she will add me to it and will not owe me anything.
is it possible to add a debt after filing bankruptcy?
Note: the money was borrowed a year before she filed but the debt was not included when filed.
I am currently being sued in civil court, and have no money for an attorney, the case has gone on for a year now in federal court, and have basically lost my business because of all the time I’ve put into defending myself from something I did not do, and am being "lawyered" to death by 6 lawyers. Because of all this, even if I "would easily win" if I could afford an attorney, I will have to file bankruptcy (chapter 7 for me).
Therefore, relating to an ONGOING CIVIL case and a need to file BANKRUPTCY, here’s my QUESTIONS if you would please use the same numbering system to answer them so I can keep track (thanks thanks thanks):
I would LOVE it if filing the bankruptcy would END the case so I could go on with my life, find another job, build another company etc. I read a lot of yahoo answers and one said “If they haven’t gotten judgment against you … then your bankruptcy filing can and will stop the case.”, but I need to be sure.
1) is there any ADVANTAGE to me in filing bankruptcy BEFORE the judgment (now is preferred so that I can go on with my life which has been destroyed)?…. and what will opposition do if they know I’ve filed for bankruptcy? Will they attempt to continue the case when they know the bankruptcy will go thru? If so, why would they continue the case?
2) Since I’m going to be filing In advance" of the judgement, can I "claim" the "injuries" they haven’t yet enumerated " …on my petition for bankruptcy? …or do I just “list the case” and say “amount pending”? THANKS.
I know about the "automatic stay" (keeps creditors (I currently have NONE and a perfect credit score I’ve worked hard to build all my life) from coming after you etc).
3) After I file for bankruptcy (I know it takes so many months to go thru), these additional related questions, thanks:
3a) what happens to the current civil case?
3b) what do i tell the judge? Do i have to tell the judge or just inform the other side?
3c) will i still have to finish the case (expected one more year of my life)?
3d) if we’re currently in discovery, will it / can it stop discovery / subpoenas etc?
3e) ….or…does it just “suspend” the case until the b/k procedings are over? …or does the case just continue on in real-time?
Thanks so much for answering all of these "sub-parts" to my ‘compound" question. 
They’re really important to my life and my families lives.
Ryan K,
That was totally useless. I can’t believe you actually answered 195 other people. You’re a joke.
I have a friend who is considering filing bankruptcy and wants to know if IRS debts will be included. How does this work.
Can a creditor file adversary in my chapter 7 bankruptcy if I used my credit account over 30 days prior to filing bankruptcy? What are the stipulations? How can I determine if I’m safe from a creditor filing adversary against me?
I’m considering filing bankruptcy on my unsecured debt. and medical bills, but my husband doesn’t want to. Can I file on my own debt?
This young man from countrywide reporting me Sabrina as filing bankruptcy to the credit bureau an as well countrywide have me listed under bankruptcy company. My name is Sabrina and Chadnezzar we have a loan with Countrywide when in fact Chadnezzar File Bankruptcy at the Russell Building in Downtown Atlanta with his Attorney Lee Frison. Jr at 1230 Peachtree st, 19 floor Atlanta,Ga 30309 of Atlanta file bankruptcy for Chadnezzar . Mr. Frison an Mr. Chadnezzar an myself have told Mr.Richard Briggs 1-972-608-6000 /1-972-608-6000 an countrywide BANKRUPTCY DEPARTMENT 1-800-669-5224 to remove me Sabrina from under Bankruptcy records and department because i never file an they are ruining my credit an my name an we even offer to fax the Bk papers which we know they have showing me not in BK at all, I never file this is unfair an deceitful practices. And he needs to be held accountable for what he and Countrywide is doing to my name. He keep telling me as well as those in the bankruptcy to get my bk attorney to call what attorney I told him what attorney, I never file bankruptcy in my life so they need to clear this issue up ASAP. This is like accusing someone of committing a crime when thirty people seen that person never did the crime. Do this give Attorney Mr.Richard Briggs and Countrywide Bankruptcy Department the right to practice deceitful law practice regardless if he and the company are breaking the law and knows it is wrong!!!! Mr.Richard Briggs And Countrywide Need to remove this from under my Name and Record and I need full VERIFICATION before I retain an attorney for RUINING MY NAME AND CREDIT AN THEY MAINTAIN THEY MAINTAIN ACCURATE INFORMATION ON THEIR CUSTOMERS. WHERE HERE IS DOCUMENT TO VERIFY I NEVER FILE ON CHADNEZZAR AN MR FRISON HIS ATTORNEY CAN VERIFY HE EVEN CALL IN THE PASS AN LET THE REPRESENTATIVES IN THE BANKRUPTCY DEPARTMENT KNOW I NEVER FILE AN ANYTHING WITH MY NAME ON IT NEEDS TO BE REMOVE FROM UNDER THE BANKRUPTCY DEPARTMENT AT COUNTRYWIDE. And I have a tape conversation to verify this is what is happening!!!
My husband has a ,000 hospital bill and in the state of California, the spouse is also responsible to foot the bill. So now, we have a court ordered judgment against us. Since our house is now in foreclosure I was planning on filing bankruptcy anyways. Will filing bankruptcy stop this court ordered judgment? If not, can they garnish my wages? -note, My husband lost his job and I am the sole provider for a family of 4
and also, does filing bankruptcy eliminate your debt to social security if you owe them from them over paying you?
I had a dui 4 years ago. I hit someone, they sued, I can’t pay them because I’m broke. Will filing bankruptcy help me?
Im helping a friend with their tax return, and Im finished with it, but he just mentioned that hes thinking of filing bankruptcy, could that affect his refund, could the goverment take it away or what
is the process. Im familiar with most returns just not bankruptcy.