what happen if a person file bankruptcy?
if a person own a business and he looseing money,if he file bankruptcy will the somebody take he’s house and the car he have?
Posts Tagged ‘money’
Is there a minimum of debt I have to have to file bankruptcy in Pennsylvania?
Also do you know of any bankruptcy lawyers in the Western PA area?
Basically I went into debt consolidation through a non profit organization. I paid them one monthly payment and they dispersed it to all 3 of my creditors.
They have had problems with American Express accepting a proposal, or accepting a proposal then a month later saying no they wanted more than that. So basically they defaulted my account 2 times for this proposal problems and now they want immediate payment of ,300. I do not have that kind of money. I go to school full time, live it at home, drive a car owned by my mom, and work a part time job.
I have tried compromising with them, but they won’t budge. And my mom won’t bail me out because she feels I need to fix this myself. I know bankruptcy is a major step but I am just trying to look at all of my options.
Also if you know of anyone who has gone through a similar situation with American Express let me know. I would love someone to talk to about this.
if your on section 8 and you have unpaid rent can you file bankruptcy?
i have section 8 and i owe back rent i dont have the money to pay it can i file bankruptcy and still keep my voucher?
If I file bankruptcy after a judgment is placed against me, will it erase the judgment?
I’ve been sued by an account that was turned over to a law office. I want to file bankruptcy but I need time to come up with the money. What I’m wondering is, when I appear in court march 9th and they obtain a judgment for me to pay x amount per month, will I be released from this obligation when I file bankruptcy or will I have to continue paying it because I entered into a new agreement? Thanks for the help.
How do I claim for settlement on credit card debt based on verbal agreement?
Is a long story but to cut it short, I can’t get back my money now. I was being setup as boyfriend and gal friend. The girl pretending to be my gal friend told me that she was in financial difficulty and ask me to help her out by swaping my credit card in advance first after which she will pay me back at end of month. She bought herself clothes, shoes & bags which amounted to RM4.5K. It is only through trust and verbal agreement i agreed to help her out. Later on I found out that she was cheating me of my money. Right now, she refuses to settle her debt and even threaten to file sexual harassment report against me not unless I cancel off her debt. I thought of taking this to small claims court but then I was told that if I do not have any written agreement to support my claim it will be of no use. I do have recording evidence but was told it cannot be accepted as an evidence. Has anyone come across this situation before? I do not know what to do now. *sigh* Any advise is welcomed.
The person who passed me the small claims forms told me that recording evidence cannot be accepted. I will check further on the law in my country.
My legal advisor told me that audio or video cannot be used as evidence in court as the contents can be manipulated. 
do we need to file bankruptcy after foreclosure?
In case of 2 loans, do we need to file bankruptcy after the house was foreclosure? The second loan tried to collect the money.
Should one file bankruptcy before filing for disability?
or should bankruptcy be filed after filing for disability? My friend is absolutely broke and jobless due to manufacturing no longer existing in the states. He has traveled to several states just to get contract work and that costs him a lot of money each time. Now he has a medical condition but fears applying for disability. His main concern is debt and I told him I’d ask around. Can the debts be wiped out if he qualifies for disability and he goes BK? OR can they get paid back from any disability income? Thanks.
This is no way an attempt to defraud anyone or anything. If someone can’t work and has a legitimate claim, what can you do if you can’t pay bills?
Settle debt from overdrawn account?
We need to get my husbands credit score up 45 points before we can get our morgage loan. and we need to do it pretty fast (6-10 weeks) We dont have alot of money to pay things off but we’re planning on paying an old 0 verizon bill and then he had overdrawn a checking account by 0 but on the credit report its a charge-off and it has a zero balance. Its only like 6 months old. Can it still be paid off? and will they take it off his report? and will it improve his score by much? thanx
How do I go about getting a deposit back from a company that has filed Chapter 13?
I hired a company to install a steel gate and gave them a check for 00. They just contacted me to advise that they are filing for chapter 13 bankruptsy. Do I have any recourse in getting my money back? Sounds like fraud to me. Help!
Friend needs help does anyone know the cheapest way to file bankruptcy?
My friend’s credit was horrible destroyed after a divorce and lawyers recommended that he file for bankruptcy. Does anyone know if there are any programs that help you file or options that are less costly than the 1500.00 that lawyers want. He is in a bad situation and does not have the money to file.
Two years ago I took a debt settle with a credit card company. Can they still send me the settlement letter?
The credit card account was closed and the collection agency offered me a debt settlement for 1500 dollars less. I took the option and paid off the account. They sent me a letter saying account was satisfied. However I lost that letter. Now I need it for employment purpose because they want to make sure I don’t owe money. Will the credit card company still be able to fax me a letter saying account was settled?
It’s not showing that I owe money. I had to mention to my employer if I "made negotiation with creditor". I answered yes and in details provided that I paid off the debt settlement. Now my employer just need proof of that payment.
Will banks like Wells Fargo and Citibank go bankrupt?
How safe is it to get your money there and get CD’s?
What are my alternatives to personal bankruptcy?
I am severely underemployed, making minimum wage, 20 hours per week. I used to make more money and was given credit which I used, to the tune of ,000 in unsecured debt. Between my rent and utilities expenses, I can’t make my minimum payments to my creditors. I am striving to improve my employment status, but until I succeed with that, what can I do? I have no assets to sell and {content} to pay to debt consolidators and in payment plans. Is there any way to put my debt off for a few more months, or should I start thinking seriously about personal bankruptcy?
Tried to settle debt with with law firm but what they are asking for is rediculous. Help?
My husband had a credit card with Keybank that went over the 0 dollar limit. Before we knew it there was already 0 in interest tacked onto the balance. We tried to set up lower payment arrangements they said no. We started paying 0 for about 3 months, we just wanted the debt gone. When we got our statement back the balance hardly moved. We were told that was because a majority of interest was being taken off do to being over the limit. So we stopped paying. Now it’s been quite awhile and the card has been sent from collections to a Law firm. They now say the 0 balance is 91 do to extra interest. We wrote back appealing the balance and said we know, from our last statement received from Keybank, that the balance we owe is 0. We said we could pay no more than 0 a month with no extra interest tacked on. We sent a copy to the judge. The law firm sent back saying they will allow 5 a month on the 91 balance with 24% APR. Can they do this? What should/can we do?
Thanks for all your responses. I believe it has actually gone to the judge. I completely understand this is our fault and we have to pay the debt. My questions is how is it possible for them to keep tacking on interest when it’s a closed account. The account was closed at 0 and sent to collections. While in collections they added on an additional 1. We really tried working with them but they wouldn’t take payments. It was either all or nothing. I don’t understand also why the law firm would want to tack on so much interest. OBVIOUSLY we don’t have alot of money that’s why we stopped paying in the first place. We tried reasoning with them so how do they think it’s right to ask for quadruple what the original debt is? I think it’s wrong for companies to tack on so much interest and aren’t willing to try and work with you.
Also we have been only discussing the matter with them through mail. We have copies of everything and have also forwarded every letter we wrote to the judge. I am more than willing to pay the 0 but I think it’s rediculous to pay what they are asking. By the end that 0 credit card will turn into a 00 when we finish paying it off with all the additional interest.
To those of you who feel like making me feel worse than I already do about this.. believe me I know it’s our debt and it’s our fault. If I could go back and just say no to the card offer I would, but I can’t. I have to deal with the situation at hand. We have actually paid off 4 of our 5 credit cards we had together. This is the last one. The other companies were so nice and really helped us pay them off. This one hasn’t been helpful at all. I am not looking for sympathy I am looking for help. If there is anyone who has been in this situation and knows how to at least minimize the damage I am looking for your input.
Collection agencies? Try to settle debt?
I had a credit card that was sent to collection agency in 2004 for 5000. Today i got a call from eastern collection agency and they said that charge for the card was 10,000 dollars because of interest. They offered a settlement of 5,000 but they want the money upfront. i explained i only can pay 2500 up front but they said they we going to take me to court if i could not pay the full 5,000.. What should i do? What are my options?
Best way to settle credit card debt on your own?
I was going to go with a debt settlement company, but I am getting way to nervous about it so I think I am not going to do it. For some reason my gut is telling me not to go with them. They want their fees first before they start working on my debt which makes me think they will just take their money and run.
So I was wondering can I settle my own debt with my credit card companies? I have been reading a lot of articles that say the credit card companies are willing to settle your debt for less now so they will still get paid some of it? What is the best way to do this…I would like to do it on my own so I don’t have to pay anyone else. That way I also know that my debts will definitely get paid off. One of the issues I have though is let’s say I have ,000 on a credit card and call them and they agree if I pay ,500 of it they will mark it as paid in full. I don’t have the 00 right away do you know will they let me pay the ,500 off without fees and over a payment plan? How does all of this work when you are trying to do it on your own?
As of right now I am 3-4 months behind on paying my cards off.
Bankruptcy myself, can my wife keep half of the saving account money?
If I file for bankruptcy just for myself, all our (me and my wife) bank joint accounts will be affected?
Or she can keep her own accounts and half of the money in the joint account?
Can she keep the same joint checking account?
What is the best way to negotiate an offer to settle your credit card bills?
I am no longer working and have closed my credit cards with high balances (the most is 00). I will be getting a chunk of money next month and would like to settle these debts on my own without having to use one of those debt management companies. What is a fair offer to make on a debt that size? How do I go about doing this, and what about my credit score? Please help.
Experts say the US dollar is going to go bankrupt in 5-15 years. Is this true?
If this is true, then how will this effect realestate investing , or stock investing? Should we put our money in oversees company`s?
In Iowa, can a landlord file bankruptcy on a tenants security deposit that has already moved out?
We moved out on November 15. By Dec. 15, we still hadn’t heard anything so we contacted them. They sent us a letter saying that they would give us our deposit by Dec. 31. We waited and had not heard from them. We just got a letter saying they filed bankruptcy and listed us as their creditor? How do we get our money back?
Obama’s first year budget is projected to have a one trillion dollar deficit. When will the US go bankrupt?
Will the US collapse quickly just like the financial institutions did?
Who will the politicians blame, the rich for not paying enough taxes? If the government took all the money and assets of every american, they could not pay off our current liabilities.
Is there a company that I can hire to help me settle my debt?
I have a few bills in collections and I was just curious if there was a company that I could hire to help me find who I owe money to and I pay through the company.
I would try to settle these myself but its hard to do when you work overseas and dont have readily access to a telephone.
Received responses from debt collection agency to settle debt, now what?
I sent letters to the debt collection agencies that I owe money for medical bills (2600 across 6 accounts) to settle the debts at 25% and to remove entirely from my record. Two have responded asking for full payment, one will remove entirely, other said it would report as "paid in full". What should I do? Should I be renegotiating with them for less than the full amounts? The remove in full is tempting as is, but I feel the "paid in full" definitely has to be renegotiated. Thoughts?
Is the economy going to go bankrupt,under Obama’s administration?
It looks bad,the way he is spending our money!
Can anyone advise me how to go about debt settlement on my credit cards?
As everyone must have noticed, there are now hundreds–if not thousands–of debt settlement companies out to make even more money on people that are almost in a state of bankruptcy. They all seem to "claim" that they can reduce your debts by 50% or more without damaging your credit score. So if it’s that easy, does anyone know how to go about doing it yourself without paying someone?
what happens to your money if its stored in your bank account and your bank happens to go bankrupt?
does anyone know? I don’t actually know myself, do you possibly lose all your money?
Is is possible to recover garnished wages once I file bankruptcy?
I filed bankruptcy its been about 6 week that they been taking money out of my check 25 % which is around 100bucks a week . Is it possible to get the garnished money back? I live in the state of california. Does anyone know the laws or rules for this? or how do i go about on getting that money back
thanks 
Can I Settle Credit Card Debt That Is In Good Standing??
i have great credit and own a home. my problem is, is that my debt has gotten out of control. i am never late on anything, but it is getting to the point thatl i will. i could lose my home, or i could settle my one big credit card debt to free up some money. can i offer the credit card company i settlement even if i am in good standing with them? what would i say to them? i can’t afford my house payment and my cc payment any longer. so, i need to settle this debt before it gets bad. help!!
can I file bankruptcy in jail and does it matter if i sold my ‘92 truck to my ex-wife 6 days after divorce?
in the divorce decree it states that I am responsible for all debts incurred by my former business and that she is relieved from them. I sold her the truck because I didn’t need it in jail and I owed her money as well for paying my child support current last year. Here’s where it gets confusing, i am in jail in Texas and looking at a felony revocation where I would be spending 2-10 years in prison. Alabama and Mississippi is where most of my debts are and one has even filed small claims three days after I left alabama. I need to act on this fast. Can I do this myself with the correct forms? Which state should I file in? Texas allows you to keep property in which you need for work. But all the divorce decree said that I would be allowed my personal property only and it didn’t stipulate what was personal property. my ex seems to think its just my clothes. Any suggestions would be greatly appreciated.
Bought used car at Buy Here, Pay Here lot, but after three months still no financing deal. What can I do?
I bought my car at California Buy Here, Pay Here lot. I love the car but after three months almost four now, they still can’t get the financing to go through and keep running my credit. I put down 00 and have been paying faithfully month 0 based off the terms the Buy Here Pay Here lot wrote the contract for. I am about to file bankruptcy now and was hoping to keep this car. Now my attorney said that she is listing the car NOT to Reaffirm but to retain collateral and continue making payments. This so I can turn in the car at any point in time if I need to after the discharge without them being able to sue me later on. She also told me that there is NO valid legal contract because the financing company denied me NOT once, but twice and so the contract I had signed is null and void. I want to know, since this is the case, can I go back, turn the car back in and get all my money back? I put down 00 and have made 0 in payments so far. There is no in-house financing, I didn’t sign anything else. ALSO, she did a blue book and found that the car has dropped in value since purchase, can I renegotiate the price? They also refuse to get registration done on the vehicle because they said they need to get it financed. Help! If there are other alternatives, please let me know!
After making some phone calls, I have found all replies to be wrong. I just got a call yesterday stating they can’t get the car financed after three months. The dealer has lead me on to this point thinking everything has been done and they informed me they have forwarded my payments to finance company. Just to find out I have no finance company. Yes, I have insurance. I am passing this new information on to others as they have been clueless as I was until now. You can research this info yourself:
If the car dealer cannot find someone to buy your purchase contract, it can cancel the purchase contract, BUT it must notify you within 10 days of the date on the purchase contract! If it does not, then the purchase is FINAL and cannot be cancelled. It states on the back of the contract. I found out:
I do not have to turn in the car and they have to "honor" the contract and in-house finance it. They have been taking and accepting payments up until now and they must continue to do so.