I only have 1 credit card and it has a 00 limit only. I hear online about people saying they racked up ,000 or ,000 in credit card debt and can’t pay the creditors. My first question is how in the world did a credit company let this happen? And don’t most of these people have credit card limits?

I know for credit cards, you suppose to pay within 30 days or so and if you don’t pay, interest is piled on. But wouldn’t after say 6 months where a person can’t pay off their credit card bills, then the credit card company would shut down their account? I hear people talk about maxing out their credit cards but what in the world are they buying where they rack up credit card debt that is ,000? I mean, you can’t buy a car with that since i don’t think you can buy a car with a credit card right? And don’t most people have limits? I would think most credit card limits are max ,000 a month unless they have a very decent job.

Can someone explain how people rack up so much in credit card debt? Do they get 10 credit cards with 00/month max and then max it every single month for 5-6 months? I understand when people rack up debt in medical bills, student loans, taxes and those things but i just don’t get how can people rack up so much in credit card bills. I mean after a person owes ,000 to the credit card company and can’t pay it back, why would they continue using it? I understand if you use it to buy food and support yourself and your family but do people rack up credit card bills b/c of food? I don’t think so right?

And if a person cannot pay it back, i assume they can file bankruptcy right in the united states? And i hear people talk about fleeing the country because of credit card debt. Do they do so successfully? And usually what countries do they flee to? I’m sure canada isn’t one of them right since you can only say 6 months max? What countries do people flee to? Do they ever get caught? So if they stay there after a certain amount of time, wouldn’t they be there illegally? And since they have to support themselves and make money, wouldn’t the us government know that they are making income and thus could garnish their wages even if they live in the other country? Or do these people just try to make money off the table and just live and hide? I mean, are there people that have huge debt , leave the us and then become successful later on in the country they flee to and then become rich? Because if they do become wealthy, wouldn’t they be caught eventually for fleeing the country? If they then decide to pay back their debt after they made money, would everything be fine or would they face huge penalties for fleeing the country? Or do they just have to stay below the radar and can’t live in a nice place because of it?

I’m very curious about this because i read so much about credit card debt and people leaving the country. I just can’t believe a person could have credit card debt this high because i assume the CC company would freeze their cards after they don’t pay after a few months if the balance is high.

Technorati Tags: amount of time, bankruptcy, canada, credit card bills, credit card company, credit card debt, credit card limits, credit card right, credit cards, creditors, decent job, medical bills, student loans, united states

up to my neck in student loans and wanted to know is there anyway to erase the loans without going broke trying to pay them off?

Technorati Tags: student loans

If my name along with someone elses is on a mortgage loan and only I file bankruptcy, can we A. Keep the home and B. How will it affect the other person’s credit?
Thanks in advance
Also, can student loans be added to bankruptcy?

Technorati Tags: bankruptcy, mortgage loan, someone elses, student loans, thanks in advance

The Santa Claus killer had 9,000 dollars in expenses, but was unemployed.

Kwame Kilpatrick’s associate and lover Christine Beatty owes almost a million dollars in debt for legal fees, court restitution, student loans and everything else you can think of.

How many rappers, sports stars and entertainment figures go bankrupt and get their houses foreclosed on?

This one woman came on this website and claimed she couldn’t afford to eat even though she made 0,000 a year!

How DO rich people find ways to go broke?

Technorati Tags: christine beatty, entertainment figures, kwame kilpatrick, million dollars, restitution, santa claus, sports stars, student loans

does anyone know who much bankruptcy costs and can i include my student loans. overall i owe about 50k. and might be loosing my job soon. im training my replacement!

Technorati Tags: bankruptcy costs, job, student loans

I have an old Citi card, Capital One card, Best Buy, Chase, and then a few smaller ones- Wal Mart, Express, and Lane Bryant. I haven’t made a payment on most of them in at least 2 years. I stopped paying them cold turkey because they jacked the interest way up and wouldn’t negotiate with me, and I couldn’t afford to pay them along with tuition, rent, etc. since I didn’t receive help from my family. I’m not even sure what I owe, but with all the fees I’d estimate I owe a total of ,000-,000 spread out on them all. Without the fees it would have been half of that. In addition, I have ,000 in student loans. I’m not making much money right now at all. For now I’ve just been focusing on paying my student loans in the hopes of rebuilding my credit. I don’t see how I could afford paying off my credit cards. What should I do about them? I’m not getting many calls anymore, but lately someone is calling threatening to sue me for 00 credit card. They have threatened to sue me before (Citi Bank) and even sent me a summons of court letter, but never followed through. What is my best option? For now I plan to keep ignoring them but I am sick of this problem. Help!
Thanks roscoedeadbeat. All my credit cards are already in collections, and they have been for about 2 1/2 years. I also had a 2nd Citi and 2nd Chase card but paid them off as a settlement years ago with some student loan money… Now, the problem is, I don’t feel like I really can afford to pay them. I’m already having a hard time paying my student loans- right now I have to pay 0/month and soon I will start paying my private loans which will be around 0/month for a total of 0. I feel so overwhelmed! Maybe I’ll talk to them and ask what is the lowest they can settle for, and then see if my family can help me at all, but I hate to ask them for help. Thanks for your answer though.
Thank you for the answers Sgt Big Red and carl.bennet. I looked up the statute of limits in my state (MN) and it is 6 years… so I am about halfway through. I might end up making more money in the future, but I don’t see it happening for a while. I plan to go back to school within the next year (either part-time or full-time if I get a graduate assistantship), and that will take me at least 2 more years. So maybe I will continue to wait it out. I don’t want to deferr my student loans right now because I want to save deferrment for a later time in case I’m in a worse situation then- such as if I have a baby or get sick. And I can only defer my federal student loans, I can’t defer the state loans. It’s so hard- I wish I had been smarter about debt, but I guess you live and learn. I appreciate your answers.
Oh one more thing- this is a bit desparate, but if I moved out of state to where they have a lower statute of limits, would the new statute of limits apply to me? Or would it be the same statute of limits since it originated in MN? Thanks!

Technorati Tags: 6 years, best buy, capital one, capital one card, chase card, citi card, cold turkey, collections, credit card, credit cards, hard time, lane bryant, loan money, much money, private loans, student loan, student loans, summons, wal mart

I owe around ,000 in 3 student loans. I was paying on them each month until I filed for bankruptcy in 2009. My Lawyer said since they were private loans they would go in the bankruptcy. They didn’t and I couldn’t afford the back payments on them after the bankruptcy. Now I have a company saying I have to pay ,000 now to pay for back interest and I can pay 0 a month. I do not have a savings and I do not have even ,000 let alone ,000 and they are not willing to work with me. What do I do?

Technorati Tags: bankruptcy, lawyer, private loans, student loans

I just wondered because it seems they would still let you because you have no choice but to pay back student loans.

Technorati Tags: student loans

My boyfriend is in a lot of debt currently, with medical bills, student loans, and an ex wife who is getting 50% of his checks due to alimony. Needless to say this is very difficult for us financially. What exactly are the rules are bankruptcy and how do you go about file-ling? Would bankruptcy make any of this go away. Mostly the ex wife alimony? How would bankruptcy effect that?

Technorati Tags: alimony, bankruptcy, checks, medical bills, student loans

I have a Citi card with 3K debt. 2 years. For 1 year, payments were on time and above minimum. The account is now closed.
I have a Key card with 5K debt. 6 years. For 5 years, payments were on time and far above minimum. The account is open and on a payment plan.

I was out of work for over a year which is when almost all of this debt was accumulated. I eventually had to move across the country to move back with my parents. I now have a new job in a with an expensive (0/week) and long (4 hours/day) commute plus low pay. The job is in NYC and I can’t find a decent place. I’d like to settle with Citi.

Nothing is in collections though the Citi could be soon. I’m now looking for jobs abroad and want to sort out everything before leaving. If they were to attempt to garnish my wages, they would get a lower amount than I am willing to pay. 50% of my income (2K/month net) is going towards paying my debts (I have student loans as well). 30% of it is going towards getting to work. I hope it never comes to this.

I want to settle this by the end of April 09. How do I go about this and what impact will it have on my credit (I will probably return to the US at some point) and what else does it entail?

Technorati Tags: 6 years, citi card, collections, debts, decent place, jobs, key card, new job, parents, student loans, wages

I am very nervous about what can happen to my home. I am waiting for a closing date as my parents gave me money to purchase a modest home. I am married and my husband and I need to file bankruptcy. We lost our home to forclosure a few years ago, lost our vehicles and had some credit cards. My parents want to see me enjoy part of my my inheritance now and I also have health issues that allow me to only work part time. I know I need to contact an attourney but I dont have the money for that yet. We are still renting but will be closing within the next 2 weeks. What should we do when we file? Again, the home will be only in my name which I am not sure if this will help or not. My husband has some personal credit issues and I as well. But, most of our issues are together. We believe we should file a chapter 13. He is a school teacher and I am a part time self employed music teacher. He also owes a lot of money on student loans from getting his Bachelors degree. I am 51 years old, am very grateful to my parents yet very nervous about losing my home. Thank you !
My parents do not want the home in their name as they do not want to pay Insurance and taxes among other reasons. I have heard of many people owning homes and filing chapter 13. If this is the answer do you think we need to do it soon so the courts do see that we are trying to resolve the issue after recieving this gift? They will also see that our hardship and loss was due to my husband being in the mortgage industry and my health issues.
Thank you for your answers. Here is my second question to my second answer.
We had put down a chunk of money for escrow. We were to close a few weeks ago until Fannie Mae said that they need go over the homes forclosure papers. Something was not done exact. I and Fannie Mae signed an extension. Can I back out of the deal and do the bankruptcy then look again for a home again? Or, will I lose the escrow money which my dad would kill me for that. That is my concern now?
Omg… yes they paid cash…. And, yes it is in my name only.

Technorati Tags: attourney, bachelors degree, bankruptcy, chapter 13, chunk, closing date, credit cards, dad, escrow, fannie mae, health issues, inheritance, mortgage industry, music teacher, parents, part time, personal credit, school teacher, student loans, time self

I am a college student. Directly after high school I had a run in with some credit cards. I went through a rough time, in and out of hospitals, taking classes and dropping them and dealing with family illnesses and a miscarriage… I was working two jobs and paying my bills, until I could not longer pay them. I want to file for bankruptcy but do not know how it will effect my student loans or financial aid.. Help! I need to find a banktruptcy attorney and/or financial advisor.

Technorati Tags: bankruptcy, credit cards, financial aid, hospitals, illnesses, jobs, rough time, student loans

I am 22 years old and have ,000 worth of credit card debt and ,000 in student loans that I have to start paying off in 2 months. I talked with a credit counselor and asked him his opinion whether or not I should do the program or declare bankruptcy. He could not give me a specific answer, but he was leaning towards bankruptcy.

I just graduated college and have a job making very little money and paying off the debt is going to take me over 10 years because my monthly payment (with the credit counselor) is very high. I know even if I continue with the credit counseling, it will still hurt my credit.

My parents declared bankruptcy 5 years ago and had no problems getting a new car and built a brand new house with an average interest rate. I know some employers look at credit reports, but credit counseling will affect that anyway. I just want to start over and need some advice. I appreciate it!!

Technorati Tags: 10 years, 22 years, bankruptcy, credit card debt, credit counseling, credit counselor, credit reports, interest rate, job, money, new car, parents, student loans

I got a letter in the mail from the healht care provider saying that they’re going to get a judgement from me and garnish my wages. I owe them 5,000 dollars for past medical bills. Also, I owe about 2,000 past debt for various things (this is not including student loans). A lawyer I talked to said that I qualify for chapter 7 bankruptcy. I don’t own a home and I have a car that I’m making payments on. (they said that Icould keep my car if I keep making payments on time). I have no way to pay the medical bills all at once (which is what they’re asking) what should I DO???????????/

Technorati Tags: care provider, chapter 7 bankruptcy, judgement, lawyer, letter in the mail, medical bills, student loans, wages

I’m a 29 year old teacher. I’ve accumulated about 00 in credit card debt since I was in college. I cut up my credit cards about three years ago & have been paying on the balances, but card I fell 9 months behind. The minimum payment was over 200 a month and on a teacher’s salary, I just could not make it. They’d send me settlement deals, but I didn’t even have money to settle. I’d send them periodic payments to try to show them I was at least trying. Now, they’ve sent my account to a Debt Collection Agency. The collection agency seems to want me to come up with the entire amount or file bankrupcy. Is there any way I can get a big debt collection company to work with me on small payments until I can get ahead? I recently took a part time job to give me extra income to work with. I don’t want file bankrupcy @ this age and it is the only marr on my credit report. How can I get them to give me repayment options in writing? They want me to do everything over the phone. Help!
The lame teacher’s excuse, is not an excuse. In the state of Montana, a beginning teacher’s salary is barely ,000 a year and with student loans, a rent payment, insurance, etc., at the end of the month I have maybe left over.

Also, I have tried debt consolidation and because I work "-" in the red each month, they would not take me.

Technorati Tags: 9 months, amp, bankrupcy, credit card debt, credit cards, credit report, debt collection agency, debt collection company, debt consolidation, excuse, extra income, insurance, marr, minimum payment, part time job, periodic payments, repayment options, salary, state of montana, student loans

I’m a single white mother and am a little outraged after going into the local welfare office to get medical insurance for me and my 4 year old son. I was the only white person there, behind or in front of the counter. Not one other white person, or person of any other ethnicity. I work part-time as a secretary and I go to school full-time at a local college to become a nurse. I have been working hard to get a degree so that I can support my son and I. It’s been 3 years of college so far and I still have another left. I have to support myself by getting student loans and have only recently subsidized the household with food stamps and now medical insurance because I simply cannot afford it. However, when I was in the office I saw illegal immigrants who were admitting they didn’t have valid social security numbers who had multiple children each and many of which were pregnant getting EVERYTHING handed to them. Welfare, Medical, Food Stamps, etc.

Is this why out country is going bankrupt?! How can women continue to pop out child after child that we’re expected to pay for? And we pay them to do it? While they live with their illegal boyfriends and don’t marry so they don’t ruin their welfare. It’s crap. I would love to give my son a sibling, but I don’t expect other people to pay for me to sit on my a$$ and pump out offspring!
No, John, skin color isn’t the point here. It’s LEGAL vs ILLEGAL citizens. And putting some restrictions on these hand-outs. WE CANNOT AFFORD THIS. Perhaps there should be mandatory birth control while on welfare, along with mandatory drug-testing. And if you don’t want to do it, you don’t get a check. You have a CHOICE.

Technorati Tags: 3 years, birth control, boyfriends, ethnicity, food stamps, illegal immigrants, local college, mandatory birth control, mandatory drug testing, medical food, medical insurance, offspring, sibling, skin color, social security numbers, student loans, valid social security, valid social security numbers, welfare office, white person

I am looking for individuals who have filed for bankruptcy before and how their lives have changed because of it. I am looking into filing it myself, I have a child now and many many many medical expenses I cannot pay. I plan on paying off my student loans, I would like to be able to build my credit back up with paying them. I guess I am just asking if it made your life easier or harder, and if you feel it is a good idea or not. Granted, bankruptcy is never a good idea, but I am only 24 and I need to provide my child with a better life and a better home. I would like to be able to have a fresh start so I can rebuild my credit and maybe purchase a home eventually, as well as help my significant other pay off his smaller amounts of debt so we have a better financial future. Any advice would be appreciated.

Technorati Tags: bankruptcy, better life, financial future, fresh start, medical expenses, student loans

I am unfortunately getting ready to file for Ch.13 bankruptcy. I know that my student loans will not be included in this filing so, my question is….will my father, who cosigned my student loan, know that I have filed? I would like for this information to stay between myself, the creditors and my lawyer. Thanks for your help…

Technorati Tags: bankruptcy, creditors, lawyer, student loan, student loans, thanks for your help

My wife is filing for bankruptcy and one of our creditor’s is Kay Jewelers. We bought our wedding rings through them back in 2008. We received a letter in the mail today saying that they may have a non-dischargeability cause of action against us if we don’t turn our rings over, which we really don’t want to have to do. I know that it seems like the sensible thing to do and we can’t really afford to pay off the debt. Is there any alternative to giving the rings back or paying the debt?
Thank you all for answering so quickly. First, I am not on any of her loans/ debts so it wasn’t really advisable that I file as well. The only thing I have in my name is my student loans and our car (which the person who helped us file our paperwork said we wouldn’t need to worry about since the title is in my name). With that said, while we were filling out our paperwork, there is a section that you get to put items that you would like to have exempt from the bankruptcy i.e. jewelry, clothes, electonics… and you’re allowed up to a certain value for each item. Our rings fell way below the limit so we were told that we could keep them. Lastly, and unfortunately, it was a secured loan so they are saying that the rings are collateral and they have the right to either take them back or have us pay it back.

Technorati Tags: clothes, collateral, creditor, debts, electonics, filing for bankruptcy, jewelry, kay jewelers, letter in the mail, paperwork, secured loan, student loans, wedding rings

I am in over my head in debt. Every month I have to "borrow" at least 0 extra dollars just to pay my bills. My husband and I recently separated. He left me to take care of all the bills. Currently I am a 4th grade teacher and make about ,000 a year. That would be a great salary if I didn’t have to pay every cent to a bill collector.

Every debt is in my name (including a car that I got in my name for him, that he now refuses to pay for because someone else put another car in their name for him–his sister). I already had a car of my own. Now I have two. He didn’t have a job at the time, so most of the major stuff that we have gotten was in my name when we got married.

I am probably about ,000 in debt with credit cards; ,000 in student loans–I know you can’t put them on bankruptcy…I plan to pay them and go back to school next summer; 00 in personal loans; ,000 in car payments (2 cars–1 is almost paid for).

I have no extra income other than the child support (5 a month for 2 small babies that I raise alone). I use the child support on them instead of on me or bills because that is what it is for.

Am I an idiot for trying to pay all these bills off monthly and have no money extra to buy groceries and gas???Should I just file bankruptcy?

Technorati Tags: bankruptcy, bill collector, car payments, cars, child support, credit cards, extra income, grade teacher, groceries, job, money, personal loans, salary, small babies, student loans

I am in over my head in debt. Every month I have to "borrow" at least 0 extra dollars just to pay my bills. My husband and I recently separated. He left me to take care of all the bills. Currently I am a 4th grade teacher and make about ,000 a year. That would be a great salary if I didn’t have to pay every cent to a bill collector.

Every debt is in my name (including a car that I got in my name for him, that he now refuses to pay for because someone else put another car in their name for him–his sister). I already had a car of my own. Now I have two. He didn’t have a job at the time, so most of the major stuff that we have gotten was in my name when we got married.

I am probably about ,000 in debt with credit cards; ,000 in student loans–I know you can’t put them on bankruptcy…I plan to pay them and go back to school next summer; 00 in personal loans; ,000 in car payments (2 cars–1 is almost paid for).

I have no extra income other than the child support (5 a month for 2 small babies that I raise alone). I use the child support on them instead of on me or bills because that is what it is for.

Am I an idiot for trying to pay all these bills off monthly and have no money extra to buy groceries and gas???Should I just file bankruptcy?

Technorati Tags: bankruptcy, bill collector, car payments, cars, child support, credit cards, extra income, grade teacher, groceries, job, money, personal loans, salary, small babies, student loans

I am thinking about filing for bankruptcy after a little mishappening with my student loan company and I have heard from other people that when you file for bankruptcy your student loans aren’t affected. Does anybody have any information on this?

Technorati Tags: filing for bankruptcy, student loan company, student loans

I am 25, married, and own a small home. Due to very slow payment (I pay mortgage with student loan monies when they arrive), my house is going into foreclosure. I also have a lot of debt from medical expenses, and hubby has major debt (car, credit cards) from his teen years.

I have enough money to reinstate my mortgage without filing some type of bankruptcy. However, that would leave me with no lump sum of safety money. I do work, so I could feed myself – but I never seem to have enough income to pay for regular expenses AND my mortgage. So, if I don’t file bankruptcy and I catch up/reinstate my mortgage…I know I’m going to fall right back into the "non-payment" category again.

Is catching up my mortgage better than filing bankruptcy? What about the other debts that I have? How is credit affected?

(I’m going to grad school, so I have many years of being a poor college student left. I just need to know what I should do about my house and other bills in collections)
SideNote to a response on student loans: Student Loan money can be used for any of the following reasons, not limited to: tuition, educational supplies, food, housing, clothing, misc. necessities / personal items, technology purchases (hardware & software), etc. My lenders are VERY aware of the fact that I am investing in my future by paying for current expenses with loans. Hence, the reason that most lenders always mention "housing or room & board expenses" and are very inclusive on those types of expenses.
——-
Forget to add: Hubby is also college student (not a bum in case you’re wondering).
——
Again, mostly just wanting to find out which Bankruptcy would be beneficial considering my other debt.

If I pay up the mortgage/reinstate – how long will it take of on-time payments to have good standing / good credit again?

Technorati Tags: amp board, board expenses, bum, car credit, educational supplies, filing bankruptcy, foreclosure, grad school, hubby, items technology, loan money, loan monies, lump sum, medical expenses, necessities, student loan, student loans, technology purchases, teen years, time payments

I am about to go through a divorce and although the state may issue me child support money, i am kind of expecting the worse because i have kind of learned to do that with my husband because he’s not very reliable…the reason for divorce. Anyway, if i get stuck without child support money, i will only be able to afford my basic utilities and rent. Should i go ahead and file for bankruptcy…or is there a way where i can avoid it? I mean i have student loans, medical bills, taxes owed and a couple of credit cards….what should i do?

Technorati Tags: bankruptcy, child support money, credit cards, medical bills, reason for divorce, student loans

I’m 23 years old, a student, and physically becoming ill due to the amount of stress I have between school and work, in which I still struggle to pay my credit card bills. What is the step by step legal way of settling my credit card debt? I understand the ramifications that my credit report will suffer, but my debt to income ratio is already too high to get any loans or credit anyway (student loans). What is the worst that can happen? Are there any companies that help students in my situation? Thank you.

Technorati Tags: 23 years, credit card bills, credit card debt, credit report, debt to income ratio, ramifications, stress, student loans

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

im in school and need to file bankruptcy and i dont want to file on my student loans but i want to know if i will be able to get anymore student loans after i file bankruptcy i cant afford to pay for school all on my own so i will need help but i just dont know if wil be able to get it .

Technorati Tags: bankruptcy, student loans

Back in June I was terminated from my job due to my epilepsy, I hold nothing against the company as they did all that they could with an ADA accomodation, however my seizures caused me to miss to much work. I ended up getting approved for disability, being considered permanently disabled and now make 950 dollars a month, which is my only income. The loss of income forced me to drop out of college and now I have 70,000 in student loan debt coming due. I have been getting constantly contacted by different collectors and attorneys regarding many of my debts, 3 credit cards, totaling about 1,000 dollars, my pickup was repossessed in June and they are trying to collect the final 1500 dollars that they could not get from selling it, which is now being handled by an attorney threatening litigation. I also owe on a large number of medical bills, 6,000 owed for a balance with snap on tools, which the toolbox was stolen so I cannot return it, and many old debts that are beyond the states statute.

The only asset I have is my motorcycle worth 5,000 dollars as I have lost everything else and rent my home. Basically when comparing all of my liabilities to my income and my assets, I am insolvent and from what I have been able to find out basically "judgement proof"

I cannot decide if I should file for bankruptcy to try to get a fresh start since there is no way I will ever be able to get these debts paid down. I do know that there is the possibility of my student loans being discharged due to disability. I don’t really want to file but I am starting to think that either I will have to, or just keep putting up with many of the phone calls and send cease and decist letters to the ones beyond statutes. Does anyone have any suggestions on this?
I have already spoken with Sallie Mae in regards to my student loan debts, and they did advise me that I am in the rare circumstance where the loans can be forgiven.

As far as the motorcycle goes, it is my life, although I do not drive currently, as i know better, I don’t need to put other people at risk or myself, but the motorcycle is the one thing I refuse to get rid of, as it took me a long time to be able to purchase it, and it is more important to me than anything, including my own life. This may sound crazy, but my motorcycle got me through alot of times when I was depressed. Even my therapist and my doctors all say not to get rid of it since it is all that I have. As far as my debts do go, not including the student loans I am sure that I have over a total of 0,000 in debt as I had to have brain surgery 2 years ago and still owe for that along with a large number of epilepsy specialist visits. I have spoken with an attorney in the past and they have said I do have enough
As far as student loans being bankruptcy proof, I am well aware that they are in most circumstances, but there are circumstances such as being totally and permanently disabled, which by their definition means for a period of 60 consecutive months. I am certain that I will not be working for that long as we have had no luck in controlling my epilepsy so far. Many of the legalities on that I am aware of as I was majoring in accounting, and was only a couple of classes shy of graduating when I was forced to quit
Yes, that is correct, I am sorry my wording was off on that, while bankruptcy itself does not get rid of them, certain circumstances do permit the discharge of them, such as total and permanent disability. i have spoken with them and they are currently on deferment for hardship while everything goes through. It isn’t actually the bankruptcy itself that gets rid of them, but filing for discharge. I would definitely prefer to pay them off however, but with the cost of my medication each month actually being double what I receive in income and with medicaid refusing to cover them due to stating that they are not a preferred medication and refuse it even with requests from an epileptologist, I have no choice but to pay for them out of pocket until I can get approved for patient assistance. I am also in the process of working with vocational rehab to try to get me through school so that I can get a desk job as I am so limited on work that the only ones that I am able to do physically ar

Technorati Tags: accomodation, ada, bankruptcy, credit cards, debts, disability, epilepsy, fresh start, judgement proof, liabilities, litigation, medical bills, motorcycle, phone calls, rare circumstance, sallie mae, seizures, snap on tools, student loan debt, student loans

I am currently a full time student and we are looking at filing a chapter 13 for other debts outside of my student loans. I am wondering what effect if any this will have on my ability to gain new students loans, just the stafford subsidized and unsubsidized? Also, I paid my lawyer 800 to retain him for this bankruptcy , can I back out and get a refund? I am in washington state if that makes a difference.

Technorati Tags: bankruptcy, chapter 13, debts, full time, lawyer, new students, student loans, time student, washington state

Hi, I’m 24 years old and I graduated college in 2008. I have student loans totaling approximately ,000. On top of that, I made some bad judgments when it comes to credit and I have the following bills that are in the hands of debt collectors:
- 0 BofA credit card debt from 2005.
- 0 T-Mobile debt from early 2009 (I am disputing this amount – I received an early termination fee after I cancelled my phone contract 2 weeks early because I had absolutely no service in the county I was visiting for 2 months).

I am trying to build my credit score (it is 520 currently) and begin getting out of debt. I earn ,000 in one of the most expensive cities in the country. I have no savings and I currently own no credit cards at all. I’m not really sure how I should start building a healthy credit future.

Should I pay my BofA credit card debt in full? I was told that begining to make payments opens the debt again and it will be on my credit report for an additional 7 years as opposed to being wiped clean by 2012.

What are my best options for beginning to pay off my students loans (they are all government loans)? I am currently paying around /month, should I pay more and forget about my other debts?

What are my best options for beginning to save? Should I just open a traditional savings account or should I look into other options?

How I can I get negative things taken off my credit report? Can I get negative things taken off by the creditor once I settle the debt in full?

Thank you in advance for any help/advice.

Technorati Tags: 24 years, begining, bofa, credit card debt, credit cards, credit report, credit score, creditor, debt collectors, debts, getting out of debt, government loans, judgments, phone contract, savings account, student loans, t mobile, termination fee, traditional savings