I live in Chicago Illinois, I’ve been waiting for my tax returns for months and months, and I’m probably not going to get it any time soon.The roads look like sh*t, all our banks are being taken over by the fed courtesy of ACORN. It’s official Illinois is broke.

And on top of that we have savage mobs of "youths" a.k.a. blacks all over Chicago attacking people for no reason. We’re over-run with illegals.You libs really know how to run a city. If we’re lucky we can look like Detroit soon.
ACORN does exist, just with a different name. They originally did the damage by making banks give substandard loans through the threat of racism, and now it’s finally catching up to them.
@Oystein
do you live in Illinois?
p.s. It’s a little tacky to post Am I hott? Rate me 1-10 questions?
/ha
Okay let’s look at the top 3 states closest to bankruptcy, California, Illinois, New York. All Democratic.
I’m an independent too.

Technorati Tags: acorn, bankruptcy, banks, chicago illinois, illegals, loans, mobs, racism, tax returns

Long story short in order for my parents to obtain their home I co-signed. Then they obtained a modification for 50 thousand. Up until yesterday I didn’t know that my parents were told to stop paying for the second loan of 50 and now they owe that amount. The realtor suggested filing for bankruptcy. I was shocked I told him im 23 years old how the hell would filing for bankruptcy look on my credit. Mind you my credit looks awful due to my parents not being able to afford their home. However the realtor said that it wasn’t that bad that id be able to get my own home and obtain loans in 2 years. I was told that if my parents file bankruptcy and I don’t that the entire loan would fall on me and I would owe that entire amount. Im just soo pissed that my parents would allow this to fall on my shoulders. On one hand if I don’t include myself in the home modifications my parents will loose their home but if I do my credit and the ability for me to ever buy my own home is f—. Would bankruptcy really be the way out ?? please help any advice or input helps im in such a predicament that I feel any decision I make im screwed either way.

Technorati Tags: 23 years, filing for bankruptcy, hell, home modifications, loans, parents, predicament, realtor, shoulders

Or do you have to pay the difference between what you own on your outstanding loans and credit cards and what these items sell for or are auctioned for?

Technorati Tags: credit cards, loans

Will my recent bankruptcy come between potential job/new career path?
I dont want to get into "why" I filed bankruptcy. I will say, I had no alternative.
Currently, I am in my 2nd year in college and I want to obtain employment while I am in school so that I dont have to take any more loans. I have put in a couple applications and have had one interview. Will the employer know when he interviews me that I have a bankruptcy? I have been told know days the employers dont even call ex employers because the only questions that can be ask are if the employee is rehirable? Is this true? I am concerned because if a new employer see’s that I have filed bankruptcy, and can’t get any good solid feedback from ex-employers then how will he/she know that I am a good prospect for the job?

Thanks

Technorati Tags: bankruptcy, career path, couple applications, job, loans, quot

my bf had debt collectors after him for the balance on his motorcycle.. the motorcycle for whatever reason was financed with 2 loans, but both of which were with GE Money.. my bf settled his debt with GE Money although I’m not sure if it counted towards both loans. GE Money sent him the title to the motorcycle, so does this mean all debt associated with this bike was settled? I ask because now a debt collection law firm is attempting to sue him for the balance of one of the loans associatied with this bike.. can he use the motorcycle title as proof that the debt was settled? I’m just assuming they wouldnt have sent the title to him if everything wasn’t settled… please help, thanks!

oh and by the way, he missed the 30 day window for the debt validation and this company has already mailed him some papers I assume are the starting process of getting a court date/judgement..

Technorati Tags: bf, collection law firm, debt collection law, debt collectors, ge money, judgement, loans, motorcycle, proof, validation

The way I see it is down payment was decreased to the point where blacks and Mexicans were able to buy houses that they really couldn’t afford. I know the banks lend out a lot of money that would not be payed back. How did they profit from this? I heard that a third party would buy these loans, such as Lehman Bros., and then trick investors into investing money into things that had a fake triple A rating. But then Lehman Bros. went bankrupt, yet it still made money. How is that so?

Technorati Tags: banks, investing money, investors, lehman bros, loans, mexicans, third party

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

Good news is I make 60 grand a year. Up to 65 grand if I get a lot of overtime.

Bad news is I had to take out a lot of loans to get there.

140,000 dollars in private student loan debt.
70,000 dollars in federal student loan debt.
35,000 dollars in credit card debt.

Altogether they want about 2800 a month, which is about 70 percent of my take home pay. I convinced my student loan company to let me pay back the loans over a longer period on a graduated scale and got the payments reduced a little so now I’m only paying 2100 dollars a month on all of my debt. But that’s still over half of what I make and I can barely live a normal life.

What should I do? No one will refinance me at a lower rate because I’m such a high risk option with all of this debt. But I’ve heard that a bankruptcy court will crucify me because I make too much money, even though I’m barely scraping by because of all the payments. Help!

Technorati Tags: bad news, bankruptcy court, credit card debt, federal student loan, high risk, loans, much money, overtime, private student, risk option, student loan company, student loan debt

i have debts of over £6000..loans and credit and missed bills and cant afford to keep up all these payments but i dont wanna go bankrupt ..im from the UK

Technorati Tags: debts, loans

I had bought a car in 2005 and had it voluntarily repossessed in 2006 after a divorce and no job. I heard through the grape-vine that if i didn’t settle the old account that if i bought another vehicle it’s possible they can repossess my new car to settle the debt on my credit at any time. Is this true? Rhode Island, resident.
They as in Creditors! And the car i’m buying will be paid for no more loans. I will be paying taxes on it evey year but that’s it.

Technorati Tags: creditors, divorce, grape vine, island resident, job, loans, new car, paying taxes, rhode island

I will not be including my current loans n the bankruptcy

Technorati Tags: bankruptcy, loans

(I know it effects your credit score). I was in an accident over a year ago and had no medical insurance. I have been paying a monthly amount to all the accounts (which they agreed to let me pay) Now I’m getting statements saying they need more money or they are going to send me to collections! Should I file bankruptcy or just leave my medical bills in collection? All my other loans, credit cards etc. have all been paid on time.
I have fairly decent credit (695) and my medical debt is around ,000.

Technorati Tags: collections, credit cards, credit score, insurance, loans, medical bills, medical debt, medical insurance, money, should i file bankruptcy

Recent law grad & recently unemployed for 8 months. I know loans are unaffected but I have probably -13K in other debts. It has been suggested I will be hit for 7 years either way, but with bankruptcy, the clock starts now vs. paying for 2-3 years…in MN if it matters.

Technorati Tags: 3 years, amp, bankruptcy, clock, debts, loans

2gether since 1/’97. Married 6/’05. Been living apart (seperated) since 2/’07. No assets, just debts. Already agreed on custody, so that’s done. We don’t contest the divorce, but we don’t agree on how the debt s/b handled. I want it split 50/50. All was in my name bcuz of his credit (2 credit cards,2 vehicles & loans). He doesn’t feel he’s responsible for all debt accumulated from 6/2005 – 2/2007 (specifically the SUV he asked for that I’m now left with but don’t want).

4 tax purposes he proposes that we split the divorce & debt issues in 2 and for both of us 2 agree 2 sign off on the divorce b4 December 31st. Then all we have to worry about is the trial 2 settle the debt. However, I am a little apprehensive 2 agree 2 this because I’m not familiar w/ this method & I don’t want 2 miss a step & get screwed w/ the debt we accumulated during our marriage. I’ve read that I can ask 2 reserve alimony 2 use for the debt in case we do end up agreeing and he bails. Is it ok 2 sign?

Technorati Tags: 2gether, alimony, amp, assets, credit cards, debt issues, debts, divorce, loans, marriage, tax purposes

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?

Technorati Tags: amp, credit scores, denver area, filing bankruptcy, interset rate, loans, quot, sub prime lenders

I have heard it can be done and want to know how it can be done and under what circumstances as I know it’s difficult. I ask because I have over 100k in loans and have been unable to get a job that pays over 30k, and my payments are to be over 1,000 per month and I only make 1,600 per month.

Technorati Tags: 100k, 30k, circumstances, job, loans

EX-wife left me with a ton of debt (credit cards, loans, etc.) and although i have a well paying job, i don’t think that I will have enough to support myself, my kids and a child support payment. My question is, would it better for me to declare bankruptcy or try to consolidate my debts and pay it off. ( i don’t like oweing anybody money) And if i file for bankruptcy, how much will this cost? Are there personel consultants to look over my debt and decide… Also my credit is horrible as i spent all my money paying for a divorce… Any answers would be apreciated.

Technorati Tags: bankruptcy, child support payment, credit cards, debt credit, debts, divorce, job, loans, money

I’ve been married for almost 4 years now. During that time with my husband and I have had several credit cards and loans. All have been taken out under my name since his credit was horrible. But he is an added user on the credit cards. I would like to split the debt in half between us since the cards were mostly used for bills, car repair, food, etc. Can this be split between us when we divorce legally? I don’t know much about how this process works. Any input would be great on this matter.

Technorati Tags: car repair, credit cards, loans, repair food

Just over two years ago I had a student loan that went into collections due to missing too many consecutive payments. I did settle it with the collection agency about 6 months later. Currently, I now have no credit cards, no loans and no debt and want to start building my credit rating. I am still getting declined for credit cards – even with minimal limits. Besides waiting years for my credit report to come clean, is there anything else I can do to improve it?

Technorati Tags: collections, credit cards, credit rating, credit report, loans, student loan, waiting years

I want to file bankruptcy in california but i am married , all you the credit cars and loans are under my name only . If i file bankruptcy
can i do it myself without my wife or by law do we have to do it together . If by law we have to do it together does it work if we get a divorce , since all the loans are under my name. and then i just do it .

Technorati Tags: bankruptcy, credit cars, divorce, loans

I am a first year college student at Dartmouth College and have taken out a hefty amount of loans for my first year tuition. I know with the recent Wa Mu bankruptcy, that many other banks are in danger of following in Wa Mu’s footsteps. If by chance Citibank were to collapse what would become of my loans. And with our recent recession, how will I be affected in my ability to attain loans and secure a job post graduation?

Technorati Tags: bankruptcy, banks, citibank, dartmouth college, first year college, footsteps, job, loans, mu, post graduation, recession

I have about 11,000 in debt old credit cards, small loans things like that. i have been told by a few to file Bankruptcy. (my debt consolidation,parents etc) im 24 years old and i dont think that is a good idea i have a payment plan set up with 4 credit cards thats about 3500 which will take me about a year to pay. Then i will have less then 8,000 i have a 2001 mercury cougar which is paid off but the title is in my dad’s name that i wanted to get a loan to pay the rest of the debt. Is that a good plan or should i file?
all the debts are old and charged off so there will be nothing else added to them i have had them since i was about 19

Technorati Tags: 24 years, bankruptcy, credit cards, dad, debt consolidation, debts, loans, mercury, mercury cougar, parents

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.

Technorati Tags: bankruptcy, collections, credit bureau, credit report, delinquent, extra money, hours of sleep, insight, irv, job, leaving an abusive relationship, loans, seperate occasions, single parent, sleep, stress, wage garnishment, wages

United have a similar problem in that they where bought with borrowed money so any profit they make is just servicing the debt,and explains why no new players have been bought recently and they will just continue to get deeper and deeper in debt.

What came as a shock to me was how difficult it has been for Liverpool to find a buyer even at 300 million. Now love them or hate them they are still one of the worlds leading clubs with a world wide fan base, and come a close second to United who are now nearly in debt to the tune of a billion pounds. How are United going to get out of this mess? As successful as United are there wont be to many people out there who would buy and write of a billion pounds.

I know its a nightmare scenario but could United go under and cease to exist, anybody who thinks this is not a possibility is a fool, if these loans are ever called in then they would go bankrupt, although this is unlikely to happen there is already no funds for new players so as anybody got answers to the problems.
Difficult to believe that i am being acused of being stupid and naive. We are talking of a buisness that is 1 billion pounds in debt, its irelative how good a football team they are and if i am that naive what are all the United fans proresting about.

Technorati Tags: 1 billion, buisness, fan base, fool, football team, liverpool, loans, money, nightmare scenario, shock

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!

Technorati Tags: car payment, cars, filing bankruptcy, loans

I’m a 20 yr old single mother almost homeless without a job with up to 30k in debts that at this pace will never get paid and become higher every month should i file bankruptcy? what should i do? i’m desperate!

Yes i admit i was young and ignorant but whats done its done and i need a remedy so no need for rude comments plz
did i forget to mention that i have no family and only my mom but she lives in MA and i live in MD and i have failed her lots of times so i cant go back to her…
debts are credit cards + 2 loans (car and other) i do not have a spending problem i had a nice job in the past so i got an apartment and furnished it completely and bought a car but the job wasn’t so steady and i ended up with all this debts piling up

Technorati Tags: apartment, credit cards, debts, loans, mom, nice job, pace, remedy, rude comments, should i file bankruptcy, single mother

I filed for bankruptcy about a month ago, and paid him in full last week for chapter 7. Well my bills for my loans and credit cards are due again and I’m wondering do I still have to pay them since i already paid my lawyer and filled out all the paperwork for the chapter 7. Or do I just let it ride until he does whatever it is he does?

Technorati Tags: bankruptcy, chapter 7, credit cards, lawyer, loans, paperwork

i am 22 and my husband is 24 and we have horrible credit and lots of debt. We’ve had 2 cars repossessed in 3 years and a few credit cards we cant pay. we also have loans and blah blah. i know we’ve made bad choices but how do we manage now? we have 3 kids and we are ALWAYS broke trying to just keep up and our family is suffereing. should we file? will we lose the car we have financed right now? will it really be 7 years before we can buy a house? HELP!
OK FOR THE RECORD i have my tubes tied now, and also we are military and get paid shitty. we HAVE made mistakes but all the credit cards and loans were in emergency situations.

Technorati Tags: 3 years, blah, cars, choices, credit cards, emergency situations, loans, tubes

Hey.. I was unemployed for 8 months and got very behind on all my bills, credit cards, loans.. etc..
I have collection agencies and debt collectors calling me at least 15-20 times a day trying to get there money (everyday all day).. I am about to file bankruptcy to get out of this mess.. I tried debt consolidation, its a joke.. My question Is when the creditors call me should I tell them im in the process of filing bankrptcy OR WILL THAT CREATE MORE PROBLEMS , SUCH AS WAGE GARNISHMENT OR SUEING ME ….

Technorati Tags: bankruptcy, collection agencies, credit cards, creditors, debt collectors, debt consolidation, everyday all day, joke, loans, money, wage garnishment

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.

Technorati Tags: bankruptcy, chapter 7, hard time, job, loans