When filing chapter 13 bankruptcy, when the court determines the payment the debtor must make, does the payment increase if the debtors income increases?
Also, if after the bankruptcy decision is made and I sell my home, do I have to pay any profits made toward my debt, or can I put that money into a new home?
some credit card companies if you settle a debt with them for less than the amount owed the IRS will tax you on the rest as income
while tax payers have bailed out banks and now they are making huge profits
Miles White-Abbott 17,395,000
fred Hassan- Schering-Plough 15,677,000
Bill Weldon-johnson & Johnson 13,202,000
H. Edward Hanway-Aetha 12,656,000
Angela Braly- Well Point 5,127,000
(Angela might be a wee bit upset…look at the difference in incomes just because she is a woman..lol
The way to maximize profits is to raise premium & deductibles and deny claims
This is proof as reason why we have to pay such high rates and they are going up
How can any defend these companies?
How many millions have gone bankrupt because they could not pay?
Yet these people rake in millions per year…to do what? deny claims, raise the rates and tell the doctors who they can or not treat?
These companies are paying big bucks to put out ads all against any reform and tell us how bad it will be…no wonder they are worried look at the money they will lose if another insurance company is allowed to move into their states..or the dreaded ‘gov
Thoughts? Should some anger in the country be directed to them for a change…why such high wages…and this is the top ones,,, then there are the fees..charged on top of each and every bill sent to them
No wonder we are in this mess? They are as bad as any bank ceo
but remember we are talking about health care ..aren’t we
Or is it all money ONLY?
I refinanced my house through Ocwen in 2002 just before a major surgery to help with cost that I knew I would incur during the no work time. They told me one thing on the phone and when it came to signing, the paper work was nothing like what they offered me on the phone, but at the time is was only one week before surgery so I went ahead and signed. Since then I struggled and finally last year I was able to pay off my 2nd mortgage and all credit cards. The only bill left was the mortgage, since I paid off my vehicle the year before. November of last year I was in a bad car accident that totaled my vehicle. After receiving the check from the insurance company I purchased a used 2008 Dodge Advenger for 15,000 with 6,500 down on a 36 month loan. (Trying to stay debt free). Well December comes in and on the 2nd I was informed that layoffs would begin that week and sure enough two days later I got the call not to come in. This was a big surprise, since my company received records profits just the quarter before. Anyway I feel really bad, but I just cannot handle the mortgage payments anymore and I have tried everything to get the mortgage company to do something. They say I do not make enough for them to be able to help me. I am currently spending three hundred every month more than I am bringing in. My savings is now gone and starting to use credit cards again. And at this point I have a good chance of getting a job outside of Michigan, but if I do get the Obama modification I have to stay here with no hope of a job. Things just look worse at my company each month.
Will I be able to keep the car even though there is some equity in it? And can I let the house go this way with no reprecussions? I feel bad, but I also feel they took advantage of me when I was in a bad situation. And I have had the house on the market for over three years with not even a glimmer of hope. Thanks in advance for any and all advice. For those who like to talk down about people that file bankruptcy I pray you never find yourself in this situation. Current situation:
House owed 99,500 value about 105,000
Car owed 7,000 value about 15,000 (kbb)