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

For example, If I owe 00, could I try to settle the debt by writing a note to pay off the debt in one lump sum of 00?
Why would I get another loan when I’m trying to pay off the loan that I have? I did not express any type of interest in a loan. Stop advertising loans please. Thank you.
I am not interested in refinancing, a loan or anything. I want a settlement? What don’t you understand?

Technorati Tags: loans, lump sum, refinancing a loan, stop advertising

Here’s the my situation:

1. I am about to finish a one year lease on 6/30/2010. My landlord recieved from me security deposit equal to 2 months of rent
2. My landlord is in the process of loosing the house we live in and also another house where she currently lives. She had claimed in past phone calls that the reason she is not paying her mortgage payments was only so the bank would talk to her about modifying her loans, and that she has plenty of month on the side.
3. For the last 4 months the house has been offered in a public auction at the city’s but for some unknown reason every time the house is up for sale, its auction date gets pushed by one months. I have heard these are common cases that happen when the landlord still negotiates with the bank.
4. I tried to contact my landlord 2 weeks ago several times (wrote emails, left voice mails, sent text messages) and asked whether she will be interested in extending the lease on a month-to-month basis. She has not replied to any of my messages.

Her lack of response makes it pretty clear she is not interested in extending the lease agreement, and her financial situation makes me very worried about my two months deposit.

My plan is not to pay her for the month of June and assume/hope she won’t start an eviction process since she knows we will leave the house when the lease ends. This way I will save at least 50% of my deposit.

I was even thinking of emailing her and letting her know we intend to leave the house at the end of June and schedule time for a walk-out inspection.

The house is in mint condition and identical to how we got it when we moved in (I have this documented in writing and in photos) but I still think she will give me hard times and won’t pay me back my deposit. Any advise on how to collect my other 50% deposit?

Any other tip or advise?
Isn’t her financial situation, the fact that the house have been offered in auction several times, a reason for me to claim that she won’t be able to pay me back the deposit (anticipatory breach of contract)?

Technorati Tags: 4 months, eviction process, financial situation, landlord, lease agreement, loans, mint condition, month of june, mortgage payments, photos, public auction, recieved, schedule time, security deposit, several times, text messages, voice mails

I owe about 25,000 in loans and credit cards. The settlement company offered to settle for 15,000 over 3 years at 425 a month. My debtors keep calling and getting nasty. Should I stay with the settlement company?

Technorati Tags: 3 years, credit cards, debtors, loans, settlement company

I had filed bankruptcy 4 1/2 yrs ago and was approved. The I got back into debt because of unforseen occurance befell me. I have medical bills that need to be paid, I have students loans I need to pay off, but are on deferment or forberance, and interested has accumlated, I got laid off my day job, working part-time evenings (14 to 15 hrs a wk, 7.50hrly) been looking for fulltime work for 2 mths, tried filing unemployment, owe the bank 0.00 because my accnt is a negative, I am behind on my gas utility bill, my car is in the shop for the 3rd time in 4 mths. Spent already 790.00 total in last month on car. Yes, I live by myself and have been looking for a roomate, because I can’t afford to renew my apartment lease when I’m not making enough money to pay all my expenses. Would I still be able to file bankruptcy with out any hassles? I want to file Chapter 7, I just don’t see any other way out right now. Please give me your answer…….

Technorati Tags: apartment lease, bankruptcy, chapter 7, day job, enough money, evenings, hassles, loans, looking for a roomate, medical bills, mths, occurance, part time, unemployment

I had to file bankruptcy due to a previous marriage. Subsequently, I remarried and am now divorceing and finding myself in the same debt situation as I did previously.
The debt is not from things that I purchased. Do not always assume such things. Utilities were all in my name, co-signed for his cards and loans. I am a nursing student and do not work, and I have 3 kids. So working is not an option as the classes run from 7am to 3:30pm Monday thru Friday. After class I make dinner, put kids to bed, and then study until 1am.

Technorati Tags: bankruptcy, cards, debt situation, loans, marriage, monday thru friday

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

Well basically my parents are small business owners, and apparently on the brink of bankruptcy. I’m a senior in college, and my mom has co-signed on a few of my loans, not to mention I’ll need her to co-sign this coming semester (my last as an undergrad)… how will that affect me? Thanks!

Technorati Tags: bankruptcy, brink, loans, mom, parents, small business owners, undergrad

In case of 2 loans, do we need to file bankruptcy after the house was foreclosure? The second loan tried to collect the money.

Technorati Tags: bankruptcy, foreclosure, loans, money

I am 23 years old, in college part time and working part time. I am recently divorced and have about ,000 in loans and credit card bills I got stuck with that were all aqquired during the marriage. Since I can only afford minimum payments (and receive no financial aid) I feel like I should look into bankruptcy.
I have two credit cards, so If I file bankruptcy on just my loans (,000) and one credit card, does keeping the one credit card plus an account balance with Dell (for a laptop I financed) help my credit score at all, as opposed to filing on everything I owe?
And everyone says to do it before I get any older if I’m going to do it. And I don’t expect any new bills (I have a dependable car and low rent) anytime soon.
Sometimes I feel like bankruptcy is "cheating" but I had an extra income at the time I signed for the loans, and of course didn’t expect to get divorced. I feel helpless, as the balances barely go down and i’m spending money I need to live, or I’m going to have to quit school.

Technorati Tags: 23 years, account balance, bankruptcy, college part time, credit card bills, credit cards, credit score, dell, dependable car, extra income, financial aid, laptop, loans, low rent, marriage, minimum payments, spending money

I kept dropping in and out of school for years. Now i’ve taken a job as a painter’s assistant that i love. But i no i will not be able to pay anything on my loans because i barely make minimum wage. I don’t care about my credit because i already got bad credit.

Technorati Tags: bad credit, job, loans, minimum wage

Someone told me that even if you file bankruptcy, all of your past bad credit history would still be listed on your credit report to be viewed by anyone who requests it along with the fact that you have filed bankruptcy. Is this true?
What you’re saying is not true SmartA$$…people can get loans pretty quickly even after filing bankruptcy and I know quite a few that have done so. For myself, that was not my intent anyway…I just thought that the fact that it says "bankruptcy filed" was damage enough without having to list all the crap you are no longer responsible for.

Technorati Tags: bad credit history, crap, credit report, filing bankruptcy, loans

I am beginning to regret going to college, it seems the only thing I have attained from it, is debt. When I went to school I was allured to the dream of being an airline pilot. I finally got my pilot’s license, but it got to expensive, so I switched to Aviation Management. I am so depressed and mad at myself for letting this happen, and it seems like there is no way out. A few times I forgot to fill out the FAFSA so I had to take out loans to cover the expenses, or I was late getting it in and got no money.

Here’s where I am at:
1 Loan for ,000 (Monthly Payments of 476/mo); 1 Loan for 620 (Monthly Payments of 128); 1 Loan for 00 (Monthly Payments of 50), and Credit Card Debt of about 00. So I have loans totaling 420.

I also have a car payment, cell phone, however I pay no rent, but my grandparents will soon be asking for that.

I just got a new job that pays me 000 per year. So if I don’t put anything into savings I can pay off my loans in about 4 years, however when you begin to figure in my other expenses it’s more like 7 years.

Consolidation is not really an option, because the 000 is an “Education Alternative Loan”, it’s not a federal loan. The 00 loan is a no interest loan. And the 620 is a direct federal loan.

-My dilemma is that, I have a girlfriend that I want to begin a life with. I wish to get an apartment with her maybe in the next year or so. And I want to marry her.

Situation 1- Do I put no money into savings and just tackle the loans head on? I will have no money for retirement or a down payment on a house.

Situation 2- I put some money aside into savings, and it will take longer to pay off?

Situation 3- Declare bankruptcy if I can?

I apologize for this taking so long, but I don’t know what to do. Thank you for your help.

Technorati Tags: airline pilot, apartment, aviation management, bankruptcy, car payment, cell phone, consolidation, credit card debt, dilemma, education, fafsa, federal loan, girlfriend, going to college, grandparents, interest loan, loans, money, new job, retirement

I have listed all of my outstanding debts on my bankruptcy (including the 2 mortgages on my home), although I had planned on keeping our home and continuing to keep up the payments. My atty told me that if I needed to walk away from the home at any point after the discharge, that the bankruptcy would help me to avoid any judgements as long as I didn’t refinance the loans. But even without paying the debts that I am filing on, we are still finding that our monthly expenses are far outstrapping our income, so we are thinking about short selling and getting a smaller rental home for a while until we get back on our feet. My domestic partner is on SSI, and is "judgement proof" from what my atty says, so between that and my chapter 7 simply walking away is an alternative to short selling. My question is: what is the best thing to do for the long term?? At this point, both my partner and my credit scores are in the toilet anyway. I’m just worried about never having credit again.

Technorati Tags: amp, bankruptcy, chapter 7, credit scores, domestic partner, judgement proof, judgements, loans, monthly expenses, mortgages, outstanding debts, quot, ssi, toilet

I have unpaid Medicals bills that are in collections (about 11, in the amount of 7,000 $$) With 2 positive current loans on credit report. Should I file for bankruptcy? Please offer Pro & Cons. Keep this in Mind I would like to purchase a home within a year or two.

Technorati Tags: amp, collections, credit report, loans, should i file for bankruptcy

Thanks to idenity theift i pulled my credit, i found alot more than i expected but as it turns out they do all pan out. I am thinking about filing chapter 7 bankruptcy but since my wife’s credit is good we dont want it to show on her file, heres the thing. We are young we have nothing in our name our house is owned by her parents our cars are paid off we have no loans or anything of that nature with both of our names on it I would be filing by myself with out her. All my bad credit is old starting when i was 18 and I want to get a fresh start and with all the old medical bills and things bankruptcy seems the best for our family. I’ve read alot on these sites saying your credit is there credit and when you are married there debt becomes yours, this isnt true my wife’s credit score is over 700 while mine is in the 500’s this is why i am asking i dont want it showing up on her file…. does anyone get what im trying to say???

Technorati Tags: bad credit, cars, chapter 7 bankruptcy, credit score, filing chapter 7, filing chapter 7 bankruptcy, fresh start, loans, medical bills, parents

I’m stuck in a horrible cycle of paying one loan off and then going back the next day to get the money to pay the next one. I am going to file chapter 7 bankruptcy. It takes about 3-4 months to complete. What should I do with the loans that I owe now? Please help!! Thank you
I plan to include them in my bank, but what do I do with them while I am filing? Any idea’s?

Thanks again
Has anyone been thru this before?

Technorati Tags: 4 months, chapter 7 bankruptcy, horrible cycle, loans, money

I have around k in debt. The debt is all personal debt and there are no co-signers nor assets in question. As for my personal assets, I don’t believe I really have any. My car is eight years old and I live in an apartment. I was considering filing bankruptcy before I begin a new job and get better pay (therefore, they do not see a bigger paycheck and feel I can pay back my loans).

So, the question is, what bankruptcy should I do if there are no assets which can be liquidated to pay back my debtors?
Funny how many people jump down someone’s neck when they talk about bankruptcy. I guess Enron, K-Mart and others are fine, but regular humans are not? Get a life, people…

Technorati Tags: apartment, debtors, enron, filing bankruptcy, jump down, k mart, loans, new job, paycheck, personal assets, personal debt

I have three loans for land that I purchased a couple years ago (I know…good move) for 35k each that are now worth about 9k each. I can still afford the monthly payments, but I am wondering if it is just best for me to file bankruptcy (or if some other alternative exists). One of the loans is with IndyMac bank and the other two are with Wachovia. Any suggestions other than for me to jump off a bridge?
Also, I have a 780 credit score that I would hate to let go, but I figure as long as I can produce enough income I don’t have to worry about my credit being destroyed.
Well, the reason why I was thinking bankruptcy is because I figure its cheaper for me to repair my credit than to lose 78k (26k on each piece of land). At this point I dont care about the land since nothing is on them.

Technorati Tags: 26k, bankruptcy, bridge, credit score, loans, wachovia

When one defaults on a loan or does not repay credit card debt…you are stealing….so, why do so many Christians say this along with bankruptcy, etc…is o.k…

Those who fall into bad financial state because of health or unforeseen circumnstances should be helped by the church to repay their debt…should they not?

Therefore, fundamentalist Christians should not default on loans…because stealing is wrong….yet, according to Newsweek, those who file bankruptcy are equally divided between those who label themselves as Christians and those who don’t.

Quite honestly, I am tired of paying for you people who cannot control your spending and live excessive lifestyles…but, yet you somehow justify it as you do all of the sins that affect yourself…while pointing out everyone elses…why is that?

Technorati Tags: bankruptcy, credit card debt, fundamentalist christians, health, lifestyles, loans, newsweek

i heard people settling their credit card debt for almost half the balance and the rest was forgiven. and this was directly with their bank. not a third party. how can i do that? how can i convince bank of america to allow me to pay a portion of my 0 balance and have the debt settled on my student visa credit card? this would help greatly when apply for loans.

Technorati Tags: bank of america, credit card debt, loans, student visa credit card, third party, visa credit card

I don’t want to file bankrupcy, but I have been unable to find a decent job for the past 8 months. I’ve had to use my credit cards for things like groceries and gas. I can no longer make my minimum payments, although I can pay a small portion. Further, I have been accepted to graduate school but I might not be able to afford it unless I file for bankruptcy or only pay a portion of my minimum payments. I have researched bankrupcty and the alternatives, but it seems so hard to get objective advice. Most information sources have a vested interest in the topic. Some claim that a bankrupcty will make it impossible to obtain future credit and prevent you from getting a job. Others claim it’s not so hard to get credit cards or loans. I know a bankruptcy won’t be fun, and I feel terrible to be considering it, but I’m wondering whether it’s really as bad as everyone thinks it is. Can anyone give me some advice or direct me towards an objective source of information? Thank you.

Technorati Tags: bankruptcy, credit cards, decent job, getting a job, groceries, information sources, loans, minimum payments, objective advice, objective source, small portion, source of information, vested interest

During the reformation to the Meiji govenrment, why didnt the govenrment go bankrupt as they were selling their industries and they were not exporting as much as they should have.
Based on the below response, the Japanese government did, with the opening of its borders, start to establish enterprises because they assumed that the private sector would not risk a financial burden. But after several years, these enterprises started to loose the government money. These enterprises were steel, ship production, etc. As such, they sold these enterprises to private entrepreneurs for cheap, while simultaneously producing railroads, and all this time the Japanese government had little to say for taxes as during the Tokugawa period, taxation was based upon rice and was highly variable depending on the season. So my question to elaborate is why didnt the government go bankrupt during the this time, with spending and production high, little savings and no major loans to speak of. ^_^

Technorati Tags: borders, financial burden, government money, japanese government, loans, private entrepreneurs, private sector, railroads, reformation, ship production, steel ship, taxation, tokugawa period

Is there any alternatives for loans or business cards? My Company has not even started yet. I wanted to purchase merchandise without getting a loan. I don’t know what to do – please help. My company is an LLC Online only. I only have an online store. Can I buy stuff with a personal credit card and write it off for tax purposes or do I need a Business Credit Card?

Technorati Tags: business cards, business credit card, getting a loan, loans, personal credit card, tax purposes