of my paycheck. He is now dying. Should I file bankruptcy for myself, jointly, or not at all and collect the ins and pay my bills only and of course the joint ones. I live in Arizona and we have some joint accounts and some non-joint accounts. We are filing bankruptcy with our house because we are seriously up-side down., should I do this or let them forclosure? We are only a few payments late so there are no proceeding started. They still want me to keep the house through home retention, but their offer stinks. HELP, HELP, HELP

Technorati Tags: filing bankruptcy, ins, joint accounts, paycheck, proceeding, should i file bankruptcy

So, the dreaded question… File bankruptcy or not?

I was kicked out of my house at a young age (16 to be exact), and the only thing that helped me not be homeless was the dreaded credit card, since there’s only so much money a 16 year old can make.

So now with the credit debt, the school loan debt, the car payments, etc etc, I am in over my head (over 15k). My question… Should I file bankruptcy or not? Also, should I file Chapter 7? Also, what would the best attorney for me be? (I was looking at Peter Francis Geraci, but I can’t find anyone that has filed with him). Also, what is the time frame i’m looking at till I CAN actually file bankruptcy (I heard it takes over 2 years?)

Please, ANY help will be beneficial. I wasn’t a "bad kid" that got kicked out into the streets… I built myself a life in a state by myself and tried making it, but unsuccessfully.

Thank you so much for your help.

Technorati Tags: bad kid, car payments, chapter 7, credit card, credit debt, much money, peter francis geraci, school loan, should i file bankruptcy, time frame

I bought my home in 2006 and put down $ 100k, yes its 20% down for a $ 500k house. I have put in another $ 50k in upgrades and remodel. Fast forward to 2009, laid off, no income I resort to using my credit card to pay my mortgage while my house was being listed by my realtor. 6 months went by, then a year, the house remained unsold. I’m up to my limit in credit card debt, thinking to sell the house for $ 350k, which will give me approx. $ 50k to pay my credit cards. Year and a half later, house is in foreclosure; credit card at max limit. No job, no car (sold it to pay credit card debt), ..and now living like a deadbeat.

Credit card companies still call and say "hello". Same story told to them over and over, no income, no job, no money etc. They "understand". Then they sell the debt to collection agency, same thing again. I told them my story..and they don’t care. "When are you gona pay?" I say with what? I can sell my t-shirt and underwear, but that might be worth 25 cents. What good will it do? So now, they are suing me in court. Went there and told the same story…judgment for the plaintiff. Okay, now they want to garnish my wage…but I don’t got no job. They want to freeze my bank acct…I have none. They want to..probably kick my ass..that they can definitely do..but that would hurt them, because if I get hurt and sue, they probably owe me money.

So here is my dilema, should I file Bankruptcy ..as there are other creditor waiting in line to sue me. Or should I go to court and and plea guilty but have no way to pay?

Yeah, I know..I’m a deadbeat, but I don’t blame my misfortune on no one except myself. Lost my life savings and people are laughing at me. What a cruel world this is. To file BK or not to file BK? If I do, I will have a fresh start says a friend. If I don’t, my friend says that the creditors will put my balance on my credit report, and renew it every 7 years…meaning that I can call the credit reporting agency to remove it, but they have a right and probably will repost my balance…as nothing had been collected. Is this true? I thought a negative item must be removed after 7 years, but it could be put back in and stay for another 7 years?? Please help. Thanks in advance.

Technorati Tags: bk, credit card debt, credit cards, creditor, creditors, cruel world, dilema, foreclosure, fresh start, judgment, max limit, misfortune, plaintiff, plea, realtor, remodel, should i file bankruptcy, t shirt, underwear, waiting in line

(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

I’m 23 years old and I am in ,000 worth of debt. That includes a repo’d car, a default school loan, and some 0 bills here and there. I’ve never had a credit card and as crazy as it sounds, my mother use to use my name to order off the home shopping network and for her utility bills. I have tried to dispute it but with no luck. I just want to start off fresh. It will take FOREVER to pay off that much debt. So should I file bankruptcy? What chapter? Any advice?

Technorati Tags: 23 years, credit card, home shopping network, repo, school loan, should i file bankruptcy, utility bills

I have 5 credit cards total. 2 with American express, 1 with Washington Mutual, 1 with Capital One, 1 with Barclay. The debt with WaMU has been sold to a company, and is no longer owned by them. The rest of the debts are still ‘owned’ by the original creditors and I can settle the amounts with them, most at 50-60%.

I have not made payment on any of these accounts in over 5-6 months, and am now in a position through assistance from a family member to pay off all the debts via settling. After speaking with a couple of people though as to how this will affect my credit I wanted to know what I should do.

Should I settle the cards? Or should I file bankruptcy? The total debt on credit cards is -14,000K. I also have k in student loans, and a ,000 judgment against me from court. I am fairly certain that me filing bankruptcy would not remove the judgment against me, or my student loan as it is through the federal government. Am I wrong?

My main question though is, what will hurt or be best for my credit? Me settling the debts, or filing bankruptcy? Which helps me the best for rebuilding my credit in the least amount of time?

Technorati Tags: american express, amount of time, barclay, capital one, credit cards, creditors, debts, family member, federal government, filing bankruptcy, judgment against, should i file bankruptcy, student loan, student loans, wamu, washington mutual

Has anyone ever gone bankruptcy? If so, what was it like? Did it completely destroy you financially.? Or were you able to tough it out and survive? I wanted to be able to buy a house in the near future, but my credit is totally screwed due to my recent separation (divorce pending) from my ex.

I have over ,000 in student loans, over ,000 in medical bills, a ,000 consollidation loan, an ,000 car loan, a 00 car loan (it will be mine in June of 2009), over ,000 in credit card bills. Not to mention that I am over the limit on all the cards. I have not been able to pay bills like I should because my husband left me and now I have to take care of 2 small children (22 months, 7 months), daycare and all the expenses at home–rent, lights, gas, cable, insurance, car payments, etc.

There is no way I can get another job. My school district doesn’t allow us to work more than 12 hours on a second job and we can’t work past 10p.m. on a school night. I am a teacher in MS and make only ,000 a year…that’s a good salary, but my debt exceeds my salary.

So should I file bankruptcy???
Yes I have a discover card and a sears card .
No teachers don’t make much but are required to work miracles. I am thinking of changing professions.

Intellectual cupcake, thanks for the help, but I live in MS. That is a long way from San Diego…I wish I lived there!

Technorati Tags: 10p, 7 months, car loan, car payments, cards, credit card bills, daycare, divorce, insurance, insurance car, medical bills, miracles, professions, salary, san diego, sears card, second job, should i file bankruptcy, student loans

I have a mortgage, 2 cars, and some credit card debt totaling around 0,000. Should I file bankruptcy on this debt, or is it feasible to do the Dave Ramsey plan to eliminate debt.

Technorati Tags: cars, credit card debt, dave ramsey, should i file bankruptcy

I am 25 years old. I am a full time College student (I go to school with the help of financial aid). I live in Chicago, IL if it matters. I am ,000.00 in debt, mostly due to interest and overlimit fees. I have a car that I pay 0.00 a month for which will be paid off in 2 months. However, I only make 0 a month. That 0 includes my gas bill, electric, cell phone, car payment, insurance, groceries, ect. What should I do? What are my best options? I can only pay about 0 a month towards my debt? Should I file bankruptcy?
Sorry, I forgot to mention that I haven’t paid any of my creditors in almost 2 years. Also I was summoned by a sheriff yesterday, I am being sued by a collection agency (for an HSBC cc) in the amount of 00.00. I have court tuesday morning.

Technorati Tags: car payment, cell phone, creditors, financial aid, full time, groceries, insurance, overlimit fees, should i file bankruptcy, time college student, tuesday morning

I am 23yrs old my debts are from 07 i have a car repossession, 2 credit cards, a loan, a cell phone bill, some medical bills in my credit including a judgment and all that equals out to about 10k in debt. I have dreams of someday owning a house. maybe when I’m 30? but for now i would like to obtain a credit car for everyday expenses. Should i file bankruptcy? I am obviously more conscious about the responsibility and importance of a good credit history that’s why my debts are all from 2007 but idk what steps to take. should i? is it beneficial?

Technorati Tags: car repossession, cell phone bill, credit car, credit cards, credit history, debts, dreams, everyday expenses, idk, judgment, medical bills, should i file bankruptcy

Im 25 years old with one child and just graduated from college but I have acquired over 40,000 dollars worth of debt. Most of it came from hospital bills and student loans so Im asking should I file bankruptcy?

Technorati Tags: hospital bills, should i file bankruptcy, student loans

bought my townhome in 2006 new for 160 k. and it is now work 95 k. I still owe like 159 k. I want out no matter what. I hate the neighborhood and dont feel safe. I have never missed a payment. but I think im going to just stop making my payments and hire a real estate lawyer. I would rather just rent some where else. so should I file bankruptcy or try to short sale it? any testominies or lawyer advice would be greatful

Technorati Tags: neighborhood, real estate lawyer, should i file bankruptcy, townhome

I have about ,000 in debt, i pay around 0 a month in credit bills. Ive never defaulted and my APR’s are low but with the economy my profession has slowed and its getting hard to pay everything and im drowning. Should I file bankruptcy?? I would hate to ruin my credit now that im 31 and have never had a bad score, but what can i do?? im drowning! please help!!

Technorati Tags: economy, profession, score, should i file bankruptcy

i cant afford my cards anymore. should i file bankruptcy?
we are in pre-forcloure status..
im making minum on all my credit cards.but cant any more.
how bad is it on my credit report?

Technorati Tags: credit cards, credit report, should i file bankruptcy

Due to permenent disability which occurred 2 years ago I can no longer afford my monthly mortgage. Normally I would just sale my home but my house in Las Vegas is currently about 0,000 up side down and I do not have that kind of cash to make up the difference. I have spoke to the lender (Chase) in length and the only thing that they are offering is temporary solutions so I know that I will have to move. Luckily I have a excellent family support system that will allow me to live within the confines of my limited disability income. but I’m concerned about the mortgage company harassing me for the mortgage deficiency, so should I file bankruptcy now or wait until I’m out and wait for the bank’s deficiency judgement? Please understand that I have always been responsible with my financial responsibilities but I did not choose to get sick, so I’m trying my best to play with the cards that have been dealt to me! Thank You.

Technorati Tags: cards, chase, confines, deficiency judgement, disability income, family support system, financial responsibilities, las vegas, mortgage company, should i file bankruptcy, temporary solutions

I am almost exactly 0,000.00 dollars in debt and I am single with one income and earn around ,200.00 per month.

The highest paying job I had after 5 years on college has been at .00 an hour where I worked for two years before getting laid off. Ever since, I have not been able to get a really good paying job with my degree.

Here are my debts:

,000.000 (and rising) to the IRS. After I bought my home, the IRS stopped working with me and everything became all threats with them answering every question with "I see you have a home, we don’t have to work with you-we can simply put the tax lien against your home) which they did.

I’m desperate to get from under this debt and I have heard stories about people making ridiculous settlement offers to the IRS and paying pennies on the dollar but the only settlement they will offer me is around ,900.00 (a 0 dollar reduction) IF I pay right away.

And this amount is originally ,000.00 with the rest being penalties and fees.

I owe ,000.00 on my home
I owe ,000.00 in medical bills
I owe ,000.00 in credit card bills
i owe ,000.00 in miscellaneous bills
I owe the utility company ,500.00
I owe Sallie mae (I had my student loans consolidated) ,000.00.

I can’t pay on any of them right now besides my home and my payment on that is 2.00 per month. I also live away from my home out of state and I pay 0.00 dollars for an efficiency.

Should I file bankruptcy? Which chapter should I file and how do you think it will help me?
PS-

I forgot to mention I just had a judgement filed against me by the lawyers for my HOA for 1,700.00 dollars and NOooooooooo I DO NOT want to sell my home. It will be lightyears before I’m able to buy another one.
The first answer given is why I want only "knowlegeable" folks to answer because they take the home if you file Ch. 7 NOT Ch. 13.

Technorati Tags: ch 7, credit card bills, debts, dollar reduction, efficiency, good paying job, highest paying job, hoa, irs, judgement, lawyers, lightyears, mae, medical bills, miscellaneous bills, pennies on the dollar, quot, should i file bankruptcy, student loans, tax lien

Ok, I have 5 negative and 5 positive credit marks on my credit report. My fiance has 0 positive and 2 negative. We both have a negative mark for a joint automobile. We were both in a wreck (not our fault) and have been w/o transportation and a job b/c of the wreck. It caused a lot of things to become negative marks.
I dont see how I have positives b/c we were unable to pay everything other than rent/electric/water. We got some money from the insurance company for pain & suffering and lost wages. Currently, I have paid off 1 of his negatives (not the vehicle, but the credit card he has)… and 3 credit cards that were negative. I am still months late on one loan (which is still deemed positive). The other credit card I never used and had closed a yr ago. And the other positive I am making minimum payments on (but was late 2 months).

So, all the APRS have shot through the roof… combined, we are about 12-13000 in debt (most being the vehicle, followed by my loan and credit card). The APR on the vehicle is outrageous…and payments more than doubled. Only 1/9 goes towards the vehicle…the other 8/9 goes towards the finance charges. The vehicle is on a Honda credit card.

Should I file bankruptcy? What about 3 yr bankruptcy term (or shorter)? How does that work…will it show in the future after 3 years?
Also….if I filed bankruptcy….would the vehicle be only his repsonsibilit then? How can we get the vehicle out of our life…lol! Its a pain, monthly payments are outrageous…and its not worth what we owe now.
I do have a old vehicle that was given to be as a present a few years ago as a graduation present. Its pretty old, but it runs ok (not well). Its probably only worth about 1000. I use it as backup if I have an emergency…but it doesnt run very well so I dont like to drive it.
If I filed bankruptcy…would they take that away?

Technorati Tags: 3 years, amp, aprs, automobile, credit card, credit cards, electric water, fiance, finance, graduation, honda, honda credit, insurance, insurance company, job, life lol, minimum payments, should i file bankruptcy, suffering, wages

My husband and I have about ,000 in past due debt right now. My main question, should I file bankruptcy if our debts are already old? According to Experian, "This account is scheduled to continue on record until Nov 2012" …actually some start coming off 2010 through 2012. I don’t know how confident I am that they will be off my record come 2010-2012…but if I file bankruptcy it will be 2019! can anyone give me advice on this…do the negative reports actually come off and if so, when? Or should I file bankruptcy? Sooo confused!!
Thank you all for your help. To add more details Jimbo – We do own our own home, I am not being garnished at work but my husband and I both have received Judgements on a few of our accounts..mine a few years back. His most recently in 2008. But no garnishments have come about from this…
Thank you! If I did not show up for court…is the judgement automatically awarded?

Technorati Tags: debts, garnishments, judgement, judgements, should i file bankruptcy

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 am 26 years old and over ,000 in debt. About ,500 of it is in credit card debt, 00 in car loans, and 00 is in a lien for an accident I caused. There is another 0 in miscellaneous debt. I am married with two small children. My husband and I have a monthly gross income of about 00. In about a year, I will be needing a student loan for my last bit of college. We do not own a house, but we do own one car (the other we are paying off). We would, in about three or four years, ideally, like to try and get a house. Should i file bankruptcy now? What would I lose, if anything? The two cars we have are 6 and seven years old. I appreciate any advice.
I have not used any cards in a great while. I really do not see putting off college any longer, plus with my degree I will be able to earn a considerable amount more that i do at this time. As for asking creditors to lower the rate I would definately consider that. Is it really that easy–just call the company and explain that i want to pay the debt off? What about the lien–can I do anything there? Thank you again.

Technorati Tags: car loans, cards, credit card debt, creditors, gross income, one car, seven years, should i file bankruptcy, student loan, two cars

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?

Technorati Tags: bad debt, bofa, credit bureau, debts, heloc, job, little bit, mortgage, paying on time, should i file bankruptcy, wages

Ok I am going through a seperation with my wife
and we bought a vehicle together,but its under my name
and i can’t afford it plus all my other bills put together by myself
I am close to 30,000 in debt

I would like to do a consolidation before bankruptcy
but does anyone have an idea
how low my debt consolidation payments would be?
or should i file bankruptcy?

Technorati Tags: debt consolidation, seperation, should i file bankruptcy

On Thursday I’m due to see a lawyer about filing Chapter 7 Bankruptcy. The problem is I need to try and get another car this month. Should I file bankruptcy before or after I get another car. My current car which I have a debt consolidation loan on is sitting at a mechanic collecting dust because I can’t afford to get it fixed and the debt folks wont release my title even though its a useless car. I can easily get another car with low monthly payments but will that look bad if I file bankruptcy?

Technorati Tags: chapter 7 bankruptcy, collecting dust, debt consolidation loan, filing chapter 7, filing chapter 7 bankruptcy, lawyer, mechanic, should i file bankruptcy

I am a student. I’m currently 000 in debt, should i file bankruptcy?
i am so worring because if it would effects to get my future student loan. Please help..!!
here is my current debth list:
credit card: 00
student loan: 00
collection debt: 00
difference on a car repossession: 000

Technorati Tags: car repossession, credit card, should i file bankruptcy, student loan

I am an international student and I own a lot of credit card debt. I really can’t afford to pay back the money and I have to leave this country soon, so should I file bankruptcy?
When I back to my home country, will the bankruptcy still affect me?

Technorati Tags: credit card debt, money, should i file bankruptcy

I had a wreck awhile back and i’m being sued. Am I going to owe money or will my insurance company cover it? and should I file bankruptcy? I’ve heard that somewhere also…and will i ever be able to get insurance?
i had full coverage if that matters

Technorati Tags: full coverage, insurance, insurance company, money, should i file bankruptcy

last year my wife changed careers, we risked no insurance for 2 weeks, i had a heart attack in those 2 weeks, almost 0,000 i am doing ok, i have depleted our saving, sold my 57 nomad, and cashed in my life ins., to pay the bills. these "wolves still call everyday wanting me to increase my payment(to over 0 i have 2 different bills wanting this much) i cannot afford this, i haven’t been able to pay my credit cards, they are huge now with all the late fees, i can barely put food on the table. i would like to keep my house. should i file bankruptcy and rid myself of all the stress? for my health’s sake

Technorati Tags: credit cards, food on the table, health, heart attack, ins, insurance, late fees, nomad, quot, sake, should i file bankruptcy, stress, wolves

I just got off the phone with a good friend of mine, he was repeatedly asking me the question "should i file bankruptcy"?

He and his wife owe about 0K in credit cards. The both of them originally held great well-paying jobs which they lost due to the economy and recent cost-cutting by their companies.

They were intending to repay the debt but as a result of their job loss, their current employment which is only paying a fraction of their original income is significantly not enough. They are being hounded frequently by creditors as well. I’m unsure what is the best option for him.

I am hoping i will be able to answer his question "should i file bankruptcy" in a assured manner to calm his nerves down. Is it the only option with regards to this issue of his? Any alternatives?

Technorati Tags: credit cards, creditors, economy, fraction, good friend, job, nerves, paying jobs, should i file bankruptcy

I’m in a situation and need some outside advice. Lost my job and am taking a 50% pay cut to get another job. Should I file bankruptcy or use a credit counseling agency to consolidate my bills? Am between 15,000 and 20,000 in debt. Didn’t file when I lost my job, but have now used all my savings while living with no income for 7 months. Any advice would be helpful.

Technorati Tags: 7 months, credit counseling agency, job, should i file bankruptcy

I just found out that I will be loosing my job in 30 days. I will be job hunting of course, but it’s possible that I will have to declare bankruptcy if I can’t find a job that will pay the bills. If so, I will want to stay current on my mortgage to avoid loosing the house. But when should I file bankruptcy? Should I wait until I loose my income, or should I start the process sooner?

Technorati Tags: job hunting, mortgage, should i file bankruptcy