A member of my family has been careless and wasteful with his finances and is now, for the second time, finding himself in over 100,000$ worth of debt, unable to find a job, and has ruined his reputation in his field all over the city/state.
Can he file for bankruptcy again, or can you only do that once?
Will he end up in prison if he can’t pay his debt?
I filed for chapter 13 bankruptcy 2 months ago. However I lost my job and have not given one payment. If I fall behind two payments, my case will be dismissed. I needed to know if it’s cancelled, can I file right after or do I have to wait longer? And is it in my credit already even though it was cancelled and no payment given? If it is, will it effect my credit more?
The law firm office keep on calling me and they wanted me to pay 5k for my credit card. But I dont have any job and no savings. Thats why I wanted to file for bankruptcy.
If so would this protect you from being held in contempt? I filed bankruptcy because I lost my job when my ex wife cheated with my boss. She keeps saying she is going to hold me in contempt for not paying our mortgage that I could not afford since I lost my job.
I would like to know if anyone knows if I can keep my car in Chapter 7 bankruptcy? I know it is not worth what I owe on it. My problem is that my credit is shoot, due to helping out family and my husband lost his job which put us in MAJOR debit. We qualify for Chapter 7 but this is the only car my family has. I don’t want to lose it. Can someone please explain to me how this will work?
Does it make it harder to rebuild your credit if you file and you are unemployed ? I have been looking forever and cant find a job so I am now back in school I want to straighten my credit up.
So I opened a credit card as a freshman in college (2008) and ended up losing my job and never paid off the debt. Collection agencies have been blowing up my phone and sending letters trying to collect the almost 00 that I owe. I am presently unemployed due to health issues and have no way to pay off all the debt now. They are offering me the option of settleing the debt but i dont want it to ruin my credit score. what should i do?
I have no other credit cards in my name, only the hospital bills i have been paying on from three surgeries and the hospital stays and what not. will paying these bills on time and in full help my credit score?
I am in debt from helping my son when he was off work. Helping my elderly father. Also, my ex-husband was fired from his job and now we are divorcing. I am in so much debt that I am far behind on payments and I make too much money to file a chapter 7. I would have to file a chapter 13 and pay back a portion anyway. Would a debt settlement company be a better option?
I do not own a house or have any money in the bank. I do own a car. My job has cut back and i can no longer pay my credit cards. I have no money to file bankrupsty. Besides the calls, what can they do to me if i never pay them?
I filing for chapter 7 bankruptcy and I own a home that is worth less that what is owed but I wanted to keep it and was thinking that I could rent it out to a family as I am single and I could rent a studio apt for myself giving me enough to live on until I can get a better job hopefully in the future. I have to file bankruptcy but was hoping in the future I would have a job that pays enough for me to make the mortage payments on the house and still have enough money left over for living expenses, but right now I dont. Is it possbile to rent out the house and still declalre bankruptcy?
We live in Blue Springs MO, we need to file for a chapter 7 bankruptcy and so far all the lawyers we’ve contacted seem very expensive, and my husband does not have a job right now so money is very tight! So if any one knows of a good cheap bankruptcy lawyer let me know!
Ugh, so embarrassing, but here goes …
Consumer Credit Counseling says I can consolidate my 00 in credit card debts into one monthly payment of 7, providing the creditors accept this arrangement. But as of today I have .55 to my name and for the first time am about to go on food stamps to help me during this rough time.
Additionally I owe about 00 on my beloved car that I’ve had for one year. But now I’m behind almost two payments and am at risk for losing my car. This is the extent of my debt. I’m college educated and doing what I can to find work, but so far nothing, and it’s been seven dry months. Last year everything was coming together beautifully, and I was so proud of myself and my hard work, and then I lost my job.
Ten years ago I filed for bankruptcy in another state. This would be my second, although the first has been removed from my record since enough time has passed. I never in a million years thought I’d be in a position of having to consider bankruptcy again and am feeling incredibly sad and ashamed of myself.
I would really welcome input. I’m in California if that helps. At this point I don’t care about my credit rating. I just want freedom from this chapter in my life and another fresh start. Berate me if you must, but I’m really need solid feedback on what I should do. There won’t be an attorney. I would be representing myself.
Thank you.
P.S. It’s my understanding that if my car gets repossessed, they’ll try selling it at a car auction. I’m responsible for paying the difference in what I owe versus what they sell it for. Does this sound right? The car loan company is reluctant to discuss this, since they understandably want me to resume payments. Also, can a car be written off on a bankruptcy? That seems like I’m asking for too much.
The leased car is my only vehicle and I need it for my job, and obviously, just to get around. I was not going to include it in my bankruptcy.
I’m getting ready for bankruptcy after losing my job last year in a company lay-off. I finally got all the necessary documents to my lawyer and am just waiting to hear from them what to do next. Has anyone out there been through this before and can tell me how long everything is supposed to take? I have noe idea how long it will take my attorney to actually file with the court and once he does that how long it will take to get my court date to talk with the trustee.
I’ve been self employed in commissioned sales for 10 yrs & have been getting farther in debt ea yr. I am not young anymore & haven’t been able to get a job…I can file for bankruptcy I guess but don’t know if i shd. I am living with relatives now and would like to be on my own.
I got a letter today from Midland Credit Management, asking for a debt in the amount of ,181.56. The Debt is from Aspire Visa, a card I used to have .. I could not pay it all off since I lost my job and i’m having trouble finding a new one. I can’t pay off this debt in this amount .. it originally was NOT over ,000, it was 0. They added on all these late fees / interest when I could not pay over a amount of time. I tried to make small payments, but obviously they didn’t help, it just got larger and larger. The account has been in collections for a while and so, it doesn’t matter how much I pay, it’s still not enough.
They sent me a letter saying:
"This letter is to inform you that Midland Credit Mangement, Inc. Is Considering forwarding this account to an attorney with the intent to initate legal action to settle the debt.
Please call our office immediately at 800-939-2353 to make arrangements to pay this debt and prevent any legal action on your account"
What do I do?? I cannot afford this .. I have absolutely no funds, and there no point in calling telling them that because well, what are they gonna do?
I’ve told them that I can pay it when I get a job, which I am currently looking for, but if the case goes to an attorney, what are they gonna do? even if I will have to go to court, that’s still not going to get them money .. because I don’t have it. I also have no assets, no car, no house, or anything. So what can they do?
I’m really worried. I am still trying to find any job I can, but even if I do, it will take me a while to save up that much money.
Thanks for your help.
oh, and if you’re wondering, i’m posting this from my aunt’s house, I cannot even afford my own internet. LOL
CAN they take me to court though, over this debt??
I am currently in a financial mess because I’ve gone on disability from my job (long term.) Now I’ve discovered that my student loans (which were being garnished) are not fully paid. I had previously thought they were finally paid off because the garnishments ended, but I found out today that I still owe the US Dept. of Education over ,000. I found this out because my tax refund went directly to them.
If I file for bankruptcy, does this void my student loans? I have been told by some that it does not.
The welding company I worked for for 7 years went bankrupt two years ago. I started my own welding biz but it has not done well in the market here in florida. I need to find a real job but without the reference from 7 years of employment what can I do?
I recently had a bad accident that resulted in a head injury, broken neck, and a whole lot of medical bills/hospital bills building up. I am 18, pretty much immobile (can’t even take a shower all by myself) I can only do car trips if it’s for medical appointments, so I don’t have a job I don’t see me physically being able to do that any time soon so I can pay my med bills. They want to do a very expensive head/neck surgery on me soon and I can’t afford it/co pay/ hopsital bills etc. I am not going to be insured in another month, and my parents cannot loan me money to pay my bills. So should I file for medical bankruptcy, welfare, anything at 18? I don’t know how this works but I need to find a way to take care of these bills. Sincere advice please. Thank u for your time, God bless.
not auto. Completely my fault I fell from a few stories and landed on my head resulting in my skull crushing C1/c2 and some nerve damage.
Ok I have around ,000 in credit card debt. I also co-signed with my mom to buy a house 4yrs back and it is due to go in foreclosure soon due to the fact that her husband lost his job (construction) and I couldn’t make the payments by myself which is why I defaulted on my mortgage and credit cards.
I also suffered a broken ankle in December and upon returning to work in May I lost my Supervisor position which was nearly a / per hour pay cut. To top it all off they decreased our work-week to 32 Hrs.
So my question is can I get away without filing for bankruptcy and just wait til everything clears up in 7 years or do I have to file?
Unfortunately my injury happened at home so I was receiving Disability insurance which was about %60 percent of what I made normally.
My mom or her spouse haven’t been able to find a job and their unemployment ran out 2 months ago.
I don’t have anything of value that I see the court selling off to pay back some of my debt. I am really broke and don’t have much in the way of assets. I only have about ,000 in my 401k other than that I am broke
I have loans and I wanted to know does the bankruptcy eliminate a portion of the loans? How does Chapter 7 work? How long will this remain on my credit?
I want to pay off my debt, but I have had a hard time finding work that pays well.
I owe about 35,000 in debt and I only make 18,000. I have not been able to find a job that pays more and I have been searching for a year.
Home value is well below 1st mortgage and we have no plans to move. 1st mortgage is current but due to job loss could not keep up 2nd. What happens if I don’t file Chapter 13?
I have really bad credit and it keeps on building up because I recently lost my job. I have a car loan at a credit union, and fear that if I file for bankruptcy that they will take my car away.
I’m about to file for bankruptcy, but I would like to know if I would be banned to travel abroad after filing.
I didn’t mean to travel, but I plan to leave for another country and look for a job there.
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.
I was unemployed for a year and got a little bit behind on my house payments. I finally found a job that paid half of what I used to make, but was unable to make the entire payment so I applied for a modification from BofA and from WF (HELOC) and was given a temporary modification. However, every month, BofA reports it to the credit bureau as "paying late", even though I am paying on time. Now, WF has raised my monthly payment, which I cannot afford, or they want me to pay the entire ,000 loan in full. They have reported it to the credit bureau as "charged off as bad debt". What are my options? Other than these two debts, mortgage and heloc, I have no other debt. Can they come after me and garnish my wages? Should I file bankruptcy? Should I sell the house on a short sale?
I have a loan that needs to be paid off. The problem is is that I don’t have a job or any source of income to pay it off. The problem is also you can’t file bankruptcy on a student loan. Is there any website that I can go into that will help me pay off my tuition. What about the stimulus plan?
I have recently found a job after being unemployed for 2 months bills are piling up and I don’t get my first check for another two weeks. Will I lose my home and or vehicles if I include them in the bankruptcy?
i am thinking about reorganizing not totally wiping out all of my debt.
I mean besides worrying that if the company you work for goes bankrupt there goes your health insurance and the COBRA extension; Also, wouldn’t it be amazing if you could work the job you *want* rather than the one that offers the best benefits. Why do we still have this system as it limits self employment, small business growth and creates "job lock"? Ever tried buying insurance independently outside of an office pool with two pre-existing conditions? Even if you cut back on absolutely everything, it’s still unaffordable.
2/24/2010 the economy is as worse as it was when the economy went down/meltdown. Nothing has changed but thousands of people are still being laid off work each months and thousands of jobs/positions are begining cut/terminated. There are no new jobs or jobs created or positions a reason people are still unemployed. The stimulus money only helped business out of bankruptcy which had become bankrupt because they were mismanaged/corrupt. The leftover money from the stimulus were and are given as promotions, wage increase to managers, CEO’s though they did nothing to prevent the company from going bankrupt or help it out of bankruptcy but only the stimilus money did and some people find still the audacity to praise these people though have done nothing. Most data reportng that the govt receives from business/companies are covered up/falsified so False record of money spending and company info occurs,. Stastics are falsified in money spending, hiring practices, employee wages, promotions, embezzelment. As it was when the economy went down, there are only a few jobs available in the job market or the same ones that have existed but for some reason companies have never filled those positions or they just don’t want to fill those postions since mabye they want to make the govt. believe they have new positions available or that they have created jobs. There a thousands of people available who applied for those positons who suprass the requirements for those positions by the way. With companies/jobs they have ways of falsfiying reports at the expense of the community.and half of the info they give to the govt is covered up.Now some jobs have popped up sometimes here and there but might have temporitly come up to fool the govt into believing jobs were created by businesses/compaines who received the stimulus money but make no mistake the leftover money are either given as promotions or taken by corrupt CEO’s, manangers, headchiefs, presidents as you may recall the economy went down because of such people and what makes you believe they have changed since most weren’t penalized. In business its take as much as you can take. So in short there are no jobs that have been created with the stimulus money at all though it was the responsiblitiy of those businesses who brought down the economy and later received the stimulus money. Thousands of people have been hired as spammers for websites or businesses which isn’t a job but are recorded as a job in govt reporting. From personnel experience when a job now in the present is offered or available there a thousands waiting in line for it as thousands of people are unemployed. If you don’t believe go to one of these job interviews. I don’t care what you’re parent./relative working in wallstreet or some economical reporting agency says as most stastitics and reporting are incorrect, onesided and inaccurate as most business stasticsis is covered up and falsififed. Its the reason the economy went down and should indicate that people aren’t there to look out for the community but themselves to reap millions or dollars or even billions for themselves at the expense of others. Congress isn’t concerned as long as they get money from those business into there pockets. To the disagreeing comments below its from people who haven’t been laidoff yet. They or their parents probably beneifit from these businessess/congress or are related to those people in businesses who received the stimulus money so they don’t care but oppose just to oppose because they have nothing good to do. Most of these people who disagree,commenting below don’t know whats going on in the world but live in there own isolated world.5/24/10. What makes the matter worse is the govt is sayign that more jobs are availiable and employment is up so real problems are ignored. The jobs that used before the economy meltdown/downfall to exist seems won’t come back again.
Here is a little something
Don’t think political parties businessmen are out there to help out people. Most humans are greedy, ambitious carless. Only a few humble modest people exist. Whereas you might be okay with a million some people want to make billions or a much as possible at the expense of others. People don’t get into politics to help out others but help out themselves and relatives.
When i say there are no jobs i mean no jobs and yes i’m excluding those few jobs that have popped out sometimes from those stimulus helped companies that have created those few jobst to let the govt. believe they are creating jobs or those few jobs that some companies have barely been able to make available which are rarely available but pop up sometimes when its available.
I don’t care if you disagree but i know you’re incorrect and wrong and know nothing about the economy.5/24/2010.