I would like to know rather bankruptcy would be a good option for me.

I have a 10,000 car loan. Several other loans that equal about 10 thousand. I have a HUGE credit sheet that equals about 30 thousand in medical bills and other. The bank is taking me to court over the loans.

I have not had a job since Dec and just found a job but for 10/hr and will not start for a while. I am a single mother with no child support and live with my grandmother (who is really bad shape and needs tons of help money wise).

What should I do????

Thanks
To answer the questions that I have been getting…

I don’t get child support because the father is serving a five year term in jail for abuse and drugs.

My father refuses to give any care for his mother. He has not even spoken to her in six monthe. At one time he was helping her, but he took all of her money (60,000) and ran for the hills.

After I file, I plan on going to school full time and drop down to a part time job. And pay for school through the FASFA program and out of my own pocket. I refuse to have to get over my head ever again.

Technorati Tags: bad shape, bankruptcy, car loan, child support, credit sheet, drugs, full time, grandmother, loans, medical bills, money, part time job, single mother

I have had two financial advisers tell me to declare bankruptcy when I graduate from college, or sooner to eliminate my credit card and school loan debt, and one telling me that I should probably get more financial aid (all from different firms)…. The interest rates on private loans for schools are ridiculous (I am going through Sallie Mae), and I am already freaking out about how much I am going to have to pay back…

I don’t really have any family, and I am currently in my Junior year in college. I have been working full time, and paying my school on my credit cards, apartment etc etc.. (I have 3 with a total of 00 credit line, and they are usually maxed out when new semesters start). I get a little bit of money from the federal government (FAFSA) for school, but it obviously is not enough… I also have a bit of private loans from my grand mother who is co-signing for them.

So should I declare? When if I should?

I am not trying to skeeze my way out of it, and I am fine with paying it all back with the career I get when I graduate, but I am really scared about the whole thing (private loans), and I would like to know if there is an ALTERNATIVE route without having to sell my first born child. The gov. and my full time job do not provide enough income for school and such, and I can only work so much taking an average of 18 credit hours a semester.

If I declare bankruptcy, will it affect my grandmother since she is co-signing?

Please help me out. I am open to all constructive help and legitimate ideas that don’t involve anything illegal.

Technorati Tags: apartment, bankruptcy, credit card, credit cards, fafsa, federal government, financial advisers, financial aid, full time job, grand mother, grandmother, interest rates, little bit, money, private loans, sallie mae, school loan, semesters

Where to begin…you know I accept the fact that life is unfair but WTF did I do to deserve to be in the situation I’m in now. Well my life sucks and I have no clue how to make it any better. This story starts about 6 years when I gave up on feeling anything and realized I am depressed but I did not let it get to me because I have a vanity that burns greater than anything, it consider it my most prized possession that no one can take away. So I even accept the fact that I’m depressed but I move on and put a mask on that I’m just great and nothing wrong. Anyway my rich grandmother died and left all the grand kids 0,000 but she put it in a account with a trustee and my uncle who was the trustee took all the money and left the country. So I’m out 0,000 and on top of that my grandmother had a family company that my other uncle stole and bankrupted and took all the money to himself and left my mother and other uncle with nothing from that. Aside form easy money my mother was a real estate broker and the market dried up 6 years ago and now we are poor. On top of all that my parents got a divorce when I was 13. Let’s fast forward, to 2009. I had few friends in high school, never had a girlfriend and hated most of the people there. I finished high school and my parents have no money for school and no one will cosign with me for a student loan so I am forced to go to a community college even tho I am much smarter than that. Also I live in the suburbs so I can’t walk anywhere and got no car and can’t a job because I got no ride. Also the job market is awful and it’s so hard to find a job. The money I saved over the years I used to pay for my classes and books with no help form anyone. My mother was not getting paid on time at her old job and she foreclosed on the house and we have to get out by next month to a apartment. I am 19 and I feel my life passing me by without even living and that makes me very depressed because I am very nice person who will go out of the way to help someone and do charity work at my church sometimes. The fact that I could have had it all with that 0,000 is the biggest slap in the face ever. So everyone else is busy doing their own thing looking out for themselves and no one care about me. IDK I hope things get better, any help or input would be nice.

Also I think I kinda ugly too so any self improvement tip are welcomed, sorry for it being so long but I feel a lot better having all this off my chest.
http://i112.photobucket.com/albums/n179/nintendo1980/eyes-1.jpg

Technorati Tags: 6 years, apartment, charity, clue, divorce, easy money, girlfriend, grand kids, grandmother, mask, old job, parents, prized possession, real estate broker, student loan, tho, trustee, vanity

In the last 6 months the following great things have happened
1. I lost my company
2. I went bankrupt
3. I had to surrender my luxury car
4. I lost my job
5. I had a motorcycle accident and damaged my knee
6. My grandmother died
7. My mother disowned my for attending my fathers wedding
8. My pet rat died
9. My knee surgery from the bike accident went wrong so now I have very limited movement in my knee and constant pain
10. I think I have turned into an alcoholic
11. My partner doesn’t seem to like me anymore, not surprised.
12. Thanks to surgery complications, I cannot ride my bike anymore and now need a car
13. I am a bankrupt unemployed looser that cannot afford to buy a car

So why go on? I don’t know how much more of this I can take.
Please don’t get me wrong, I am not complaining that I have lost my money. My problem here is that I have lost everything. My health, my independence, my self respect, my mobility, my confidence. What else do I have?
The paralysis side effect was a 1 in 1000 issue that I was made aware of and agreed to the risk of. I should have known better considering my recent track record. There is no one to sue as I knew the risks and agreed to them.

Technorati Tags: bike accident, confidence, grandmother, health, job, knee surgery, luxury car, money, motorcycle accident, paralysis, pet rat, risk, self respect, surgery complications

To sum it up I was forced to drop out of school about a year ago because my parents went bankrupt in the middle of my first semester. I had just transferred in to my dream school (an expensive private university) and had counted on my parents co-signing a loan with me. However, they had not told me that the business they had invested thousands of dollars in had gone under so when it came time to apply for a loan and pay the university for my first semester and register for the next semester’s classes I was told there was no way they could afford it. In shock and without financial or emotional support from them I left the school and moved in with my grandmother. I didn’t handle payments with the school immediately because I had no idea how to go about it and assumed they would arrange it.

After that semester I also returned to a junior college and completed requirements to transfer in to a more affordable, state school. This last fall I began a new semester at the new university feeling excited to be back in school. However, now that it is time to register for the upcoming semester’s classes I am being told that without the transcript from the first university I cannot come back to school in the Spring (the requirements for transfer students is to submit ALL transcripts from previously attended schools by the Spring) I contacted the previously attended school to discover I had been put in collections (notices had been sent to my parents home, warning of this, and my parents had never told me). They refuse to give me a transcript without paying the amount in full which is over 10,000 dollars. I have set up a payment plan with the collections agency but again, without paying it all at once, I will not get the transcript and therefore cannot finish school at the university I currently attend. I have tried applying for a loan but as a student I do not qualify for that amount without a cosigner, which I do not have. I don’t know what to do…I have tried contacting everyone imaginable, the president of the previous university, counselors, the head of admissions at my new school, and family members but no on offers me any help or alternatives. I feel so incredibly helpless and all I want to do is finish school.

Does any one know of a lender that approves student loans without a co-signer? Should I file for bankruptcy? Contact a talk show and see if they’ll give me money?? I’D DO ANYTHING TO FINISH SCHOOL! PLEASE HELP!!

Technorati Tags: collections agency, cosigner, dream school, emotional support, grandmother, parents, private university, shock, thousands of dollars, transcripts, transfer students

Hi, my dad past away 3 years ago and my mom never worked, so when he died (he was 46) only had 100k for her and an annuity. She spent all the money on fixing the house, like my dad wanted, and paid off all the debt they had. The annuity brings in 0 and her bills are triple that! She’s financially dumb! She listens to nothing we say. She does have a job now, but only pays 5.50/hr.

She also has 2 vehicles, one leased and one on a loan, fully financed. She has come to the point of them sending the repo papers, but she pays them eventually, she asks for money from family.

Should she file for bankruptcy?
Thanks for all the advice so far….
To answer some of the questions…..

1. she has two vehicles because my sister is in the same situation (spending more than she makes), newlyweds and already having trouble, so my sister has one of the cars!

2. I have bought books for her, but she’ll read maybe 10 pages! She does not want to sit down and see the whole picture, she use to do that with my dad.

3. She owns the home, she paid off a HELOC after my dad died.

4. She has canceled her sat., cell, pest control and is on a basic land line service. All she has is her debt.

5. She’s living off of her CC’s because she uses her 0 to pay the car bills and maybe part of the care insurance. My grandmother gave her ,000 last month and paid maybe 4 bills, including the cars, and still ended up over drafting 0 because she ate out too.

6. I’ve told her to sell, i’ve even posted an ad in craigslist myself, but she says she can’t sell because she needs a car! So frustraiting.

Technorati Tags: 3 years, annuity, bankruptcy, care insurance, cars, dad, grandmother, heloc, insurance, job, mom, money, newlyweds, pest control

I have an heirloom piece of jewelry that I was going to pass to one of my nieces. It was a gift from my grandmother. I’m wondering if the court can force me to sell it since a creditor is suing me?

Technorati Tags: creditor, grandmother, heirloom piece, jewelry, nieces