The debt has no been to collection and there is now a judgement in the courts. How is the best way to settle this debt? I now have a good paying job and i would like to buy a house but this is in my way. The collector seems to have no interest in settling for a smaller amount. Any ideas would be helpful. thanks
Husbands family went bankrupt. We have 80K debt which we ARE able to pay off. Husband is very influenced by sister to file for bankruptcy. He even quit his job and said he no longer wants to work because now there is no need to!I have told his sister numerous times to stay out of our families life but she continues to call him 10 times a day and tell him to file, file, file. I don’t have a lawyer and do not know how things work, but I would really like to legally have a way to tell her to get lost and stop advising and brainwashing him! Just because she has ruined her family does NOT mean she can butt into my family and ruin mine. What can I do legally with a lawyers help? Don’t want to sound stupid when I call up a lawyer, so want to see if any of you know before-hand what I can do. My husband had a really good paying job and so do I and we managed to pay off 90K in five years. If we borrowed the money, I feel like we should pay back if we are physically and mentally able to work and pay off debt. Bankruptcy is not a way out for me, especially for something we CAN pay off in a few more years!
I am almost exactly 0,000.00 dollars in debt and I am single with one income and earn around ,200.00 per month.
The highest paying job I had after 5 years on college has been at .00 an hour where I worked for two years before getting laid off. Ever since, I have not been able to get a really good paying job with my degree.
Here are my debts:
,000.000 (and rising) to the IRS. After I bought my home, the IRS stopped working with me and everything became all threats with them answering every question with "I see you have a home, we don’t have to work with you-we can simply put the tax lien against your home) which they did.
I’m desperate to get from under this debt and I have heard stories about people making ridiculous settlement offers to the IRS and paying pennies on the dollar but the only settlement they will offer me is around ,900.00 (a 0 dollar reduction) IF I pay right away.
And this amount is originally ,000.00 with the rest being penalties and fees.
I owe ,000.00 on my home
I owe ,000.00 in medical bills
I owe ,000.00 in credit card bills
i owe ,000.00 in miscellaneous bills
I owe the utility company ,500.00
I owe Sallie mae (I had my student loans consolidated) ,000.00.
I can’t pay on any of them right now besides my home and my payment on that is 2.00 per month. I also live away from my home out of state and I pay 0.00 dollars for an efficiency.
Should I file bankruptcy? Which chapter should I file and how do you think it will help me?
PS-
I forgot to mention I just had a judgement filed against me by the lawyers for my HOA for 1,700.00 dollars and NOooooooooo I DO NOT want to sell my home. It will be lightyears before I’m able to buy another one.
The first answer given is why I want only "knowlegeable" folks to answer because they take the home if you file Ch. 7 NOT Ch. 13.
last spring me and my wife filed chapter 13 bankruptcy and gave up our house. at the time I was in school and we couldn’t afford the payments.Since then I have graduated and have a good paying job and would like to discharge the bankruptcy and get my house back but don’t know if it possible.
A lot of bills, unemployed, it’s too much now
I had to put a lot of my college tuition on credit cards because I expected I would find a job after (graduated 08)
Bank of America after that new law was passed for banks and/or creditors to increase their rates
my monthly payment went from 150$ to 300$
I have 1,000$/mo. in bills and only make 600$/mo from unemployment
I’m wondering if I can kind of selectively go bankrupt on this
I figure if I just don’t pay that I’ll only be at a negative 100/mo
I live out of my car and don’t eat much so gas/food is pretty low.
Only I usually had to put them on a credit card. A different card.
Not paying this one bill will probably cut off my other cards too?
I have really good credit and I was hoping to hold on until I could find something but I can’t and once i find a job I’ll have another 500$ in student loans.
I either need a good paying job or 2 or 3 regular ones but I have to acquire them at the exact same time because of that student loans. Right now I can hold up some of it with unemployment deferment
not sallie mae, you can’t defer private loans for any reason
I’ve already sold most of my things. It doesn’t hold up too long
I just want to stop paying bank of america
How bad will it be?
a relative wants to rent an apartment but filed chapter 7 bankruptcy a month ago and probably wont be discharged for another 4 months. Will they be able to rent an apartment even with the discharge and a good paying job???