I know they buy old debt at pennies on the dollar, and I have old cc debt, that WAS only about 6k, but with interest, and then being charged off and continuing to roll for years, is over 20k on paper, according to them. But I didn’t spend 20k, and I know the agencies will settle for much less than that.

I’m looking at ch. 7, but before I commit to it, I want to know what realistically I could pay the various collection agencies to settle it. I feel that a BK attorney will only encourage me to file, and if I call the agencies, they can legally start hounding me and my parents to get ahold of me (I’ve managed to keep my number etc private for years). Where can I turn? And what % do they usually settle for? Thanks so much.
Awesome thank you both, I’m in CA, that site shows SOL is 4years, and I believe it was all charged off in 2006, so it might be past already, I’ll get my credit report and check.

-So, if paying them off won’t improve my credit score, what’s the fastest way that I can bring my score back up? (I assume getting those debts taken off is how your score goes back up), obviously the goal is to get them off and/or qualify for a prepaid cc or some way to bring my score back up, so I can strive for the perfect score I USED to have etc. If you get a chance, email me at christianatheist80@yahoo.com

Thanks again, invaluable information.

Technorati Tags: 20k, 6k, ahold, bk, ch 7, collection agencies, credit report, credit score, debts, parents, pennies on the dollar, perfect score, sol, yahoo

I HAVE SEVERAL OF THESE NOTICES FROM EMAILS THAT I DID NOT SEND…WHAT IS GOING ON? IT NEEDS TO BE FIXED!
AMY @ MOMMETIME@YMAIL.COM

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<p>it really hit me when I was forced to file for bankruptcy I had reached my wits end this really intrigued me…<br><a href="http://www.lib.ouhk.edu.hk/cgi-bin/redirect.cgi?nugifik=msn.com&kihoso=yahoo.com&url=http://abc-365news.net/esubmit/bizopp_ax.php">http://www.lib.ouhk.edu.hk/cgi-bin/redirect.cgi?nugifik=msn.com&kihoso=yahoo.com&url=http://abc-365news.net/esubmit/bizopp_ax.php</a> now theres no turning back for me I could never steer you wrong<br></p>

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<table cellspacing="0" cellpadding="0" border="0"><tr><td valign="top" style="font: inherit;"><p>it really hit me when I was forced to file for bankruptcy I had reached my wits end this really intrigued me…<br><a href="http://www.lib.ouhk.edu.hk/cgi-bin/redirect.cgi?nugifik=msn.com&kihoso=yahoo.com&url=http://abc-365news.net/esubmit/bizopp_ax.php">http://www.lib.ouhk.edu.hk/cgi-bin/redirect.cgi?nugifik=msn.com&kihoso=yahoo.com&url=http://

Technorati Tags: 0000, bh, content type, lt, mail, message id, newman id, osg, rsa, signature, type b, x mailer, yahoo, ymail

I have been trying to teach English here in China for the past 2 years. I’ve encountered a range of problems and found it difficult to keep employment. Once school fired all the teachers, ripped us off then went bankrupt. Other schools have kept me on for a few months and then turned around and found a better teacher because they don’t like my teaching style. The latest company let me go because they were restructuring and downsizing. I was the unlucky one who didn’t have a relationship with the boss so I was the first out the door. The alternative was only a couple of hrs work each week – changing me from full time to barely part time.

So, I have given up on teaching. I think I’m OK but not good enough to maintain a decent career out of it. ESL teaching is difficult to earn money in. Now that I am married, I want a better, more stable job and a different career at home. We were both planning to move back to Australia to live.

Here’s the problem. The latest firing has pretty much made my wife lose all respect for me. She’s saying really nasty things and I think her mindset is starting to become like this: http://answers.yahoo.com/question/index;_ylt=ApxlE10r_YqloAeAMeCr5N_B7BR.;_ylv=3?qid=20090127092441AA0P70V

She has said some really hurtful things and has been withholding the sex like she doesn’t want to be with me anymore. I’ve questioned her and she tends to close up and when pushed, says she’s not happy, she’s bored. I get upset, she sees that and says that we will be together forever and that she still loves me. I doubt it though by the way she looks and acts now. She told me to be a man and go back to Australia and set everything up (we were only 3.5 months away from moving back).

I’m reminded about how at this time I cannot afford the diamond ring. Also, despite my wages being enough to pay for everything and give us enough money to go out, it hasn’t been enough to save for a honeymoon. We only got married last month. I told her that my work prospects are so much better in Australia but she finds that hard to believe – I didn’t have it in me to change enough to grow and become a good teacher so apparently that reflects on my ability not to change overall.

A bit of history about my working life in Australia: I graduated uni about 1 year before coming to China. I worked for 4 years in a supermarket and became a manager. They wanted me to stay and become a trainee department manager. I had a lot of potential. But it seems that I lost all of that potential when I came here to China. She has just seen all of my failures and compares that against her own successes and the successes of other foreigners who have done well here.

It’s really hurting me to see her become so scathing and nasty and unloving. I told her that it’s worth banging my head against a wall with these jobs for a few more months so that we can still be together (albeit not much because she is busy with her overseas work) and leave the country together. She says that if she had more money and was more successful in her work, she’d leave with me tomorrow. But thinks I should give up the struggle of teaching and just go back and set things up. I’m about to do that. Three months is not long.

But I still feel the sting of her disappointment in me. It’s like something has changed and she can’t see the good in me at all anymore. So I think what’s the point of going home and getting established if she no longer has any feeling for m? She might turn around and refuse to come in a couple of months time. Already I think her mind is definitely changing. She’s not interested in the wedding and when I asked about us going back to see her family one more time before we leave, she said she said I wasn’t welcome in her home anymore because I stay there and get fed like a king instead of working hard. That I should give something back to her family…

So, she is bored, disinterested in me and behaving like she wants me out of her life. Should I return home and get established and forget about her? This is not the departure I had hoped for. I think she kind of resigned when I said I found more employment here and could be earning more than the last school. She’s already told me my teaching is at ground level and I’m a loser – meaning no good at teaching.

It’s really cruel for her to say these things and feel so disappointed as far as I’m concerned because I stayed on longer and pushed through because I wanted to be with her. I could have left about a year ago…My parents wished I had and set myself up with a job and car. Instead, I either leave now or find work here. Last night I had a dream about her being romanced by some other guy. She was really into it. She’s not being intimate with me and looking down upon me.

Seek divorce?? Yes it’s not fair on her to have a husband without a stable job. But I thought she woul

Technorati Tags: 5 months, australia, boss, china, diamond ring, esl, full time, honeymoon, mindset, money, nasty things, part time, prospects, qid, question index, relationship, stable job, unlucky one, wages, yahoo

The agents have made contact with me regarding the debt and suggested a ,make an offer to settle this debt.The co provided a websight that I could use to make the settlement offer to them,however this sight does not pop up when tryed. What could I do ? They have other ways for contacting them, I do not wish to talk on the phone or return the fill in the spaces letter. Websight is best . What could I do ?Besides I would need help in making such a deal anyway, I’am not the best at making deals for debts I’am not sure I owe. Help
Charles
bigredcharles@yahoo.com

Technorati Tags: debts, websight, yahoo

Hi yahoo answers i don’t know about the debt settlement …Will it improves my credit rates…

Technorati Tags: credit rates, Debt Settlement, yahoo

Hi Yahoo people..I plan to file a chapter 7 bankruptcy, but before I do that, I need some information about chapter 7.
1. I have Garnish on my wages right now..can chapter 7 stop or erase any of garnishment against me??
2. Can I do this online or file it myself, or higher a bankruptcy lawyer..??
3. How long does the process take??

I hope someone outhere will help me ..Happy Holiday to all..

Technorati Tags: bankruptcy lawyer, chapter 7 bankruptcy, happy holiday, outhere, wages, yahoo

we dont have any credit cards… should My husband file for bankruptcy… after the short sale.. or do we just do the short sale..

We would like to buy another house… but they said Bankruptcy will be 2 years and Short sale was 3 but now its 2 years.. it will be awesome lol if they went to 1 year..

What should be do.. Clueless..
Serious advisors only.. Please dont reply with those other strange messages
I KNOW THAT I CAN TALK TO A LAWYER BUT I WANTED TO GET SOME SITE FROM THE PEOPLE HERE.. THAT IS WHAT THIS SITE IS FOR AND THAT IS WHAT I LOVE SO MUCH ABOUT YAHOO ANSWERS,…WHEN I DO DECIDE TO TALK TO A LAWYER I WILL KNOW WHAT IMPORTANT STUFF TO ASK ETC.. SO PLEASE SERIOUS PEOPLE ONLY… THANKS

Technorati Tags: bankruptcy, credit cards, lawyer, lol, reply, strange messages, yahoo, yahoo answers

http://news.yahoo.com/s/ap/20081120/ap_on_go_co/auto_bailout_what_s_next#full

If General Motors will go bankrupt by the end of December and are burning through Billion a month, then how is a Billion government bailout spread across the 3 auto manufacturers going to help them stay afloat that much longer?

Seems they want their share of handouts like the rest of these companies.

Just one final question……….Where does the line start? I want my share too.

Technorati Tags: auto manufacturers, bailout, general motors, news yahoo, yahoo

If I would pay off or make arrangements for payments on my credit report for items that were charged off…and in collections…would that start the 7 year clock all over again? I know the damage is already done to my credit report. BUt once items are paid and are paid for awhile on my credit report…over time will become better for an example if I owe a creditor some money that’s scheduled to come off my credit report within 3 years and I pay it off in full…will that start the 7 year clock all over again…or will it show that its paid and off within 3 years I know it will still look bad till its off but will the clock start all over again?
I haven’t started paying them back yet. And I know the damage is already done…but just need to know if I have an item thats is to come off my credit report say in 3 years or less …that if I would pay it off in full would it restart the 7 years that its on my credit report all over again? OR will it still come off in 3 years still looking bad for those last three years but paid. Will it restart the clock or not…
I am still new at this yahoo answers and cannot see how to respond to a specific person….but thank you JUDY for letting me know that yes it will restart the clock…I know the other information…just didn’t know if it will restart the clock or not…THANKS to all that answered!!

Technorati Tags: 3 years, clock, collections, credit report, creditor, last three years, money, yahoo, yahoo answers

I’m confused. There’s this guy named Jesus in the Bible who said ""If you want to be perfect, go, sell your possessions and give to the poor, and you will have treasure in heaven. Then come, follow me."………then there’s this "mega-church" with a million mortgage who spends ,000 on live animals for a manger scene at Christmas.

How did Jesus morph into mega-church?

http://news.yahoo.com/s/ap/20101019/ap_on_re_us/us_crystal_cathedral;_ylt=AnL3MIIHP0jdiJr2M_diy5KL_aF4;_ylu=X3oDMTNwcWdmZm42BGFzc2V0Ay9zL2FwLzIwMTAxMDE5L2FwX29uX3JlX3VzL3VzX2NyeXN0YWxfY2F0aGVkcmFsBGNjb2RlA21wX2VjXzhfMTAEY3BvcwMxMARwb3MDMTAEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNjcnlzdGFsY2F0aGU-

me me me……………But how does this happen when they are reading that EXACT book you’re quoting from?

Technorati Tags: bible, christmas, crystal cathedral, heaven, jesus, live animals, manger scene, morph, mortgage, news yahoo, possessions, yahoo, ylt

"I traded sexual favors to pay off a poker debt, and fell in love", she says……….

http://omg.yahoo.com/pamela-anderson-seeks-annulment/news/6968?nc

What a freakin’ skank…….

Technorati Tags: annulment, freakin, love quot, omg yahoo, pamela anderson, poker, yahoo

I would like a more detailed listing of what my non-exempt assets are under the law when filing chapter 7? Are my pets non-exempt? What about clothing, food, appliances, etc? I am going grazy doing google and yahoo searches. Can anyone please help me find this list? Any serious help is much appreciated. Thanks.

Technorati Tags: appliances, exempt assets, filing chapter 7, google, pets, yahoo, yahoo searches

http://news.yahoo.com/s/ap/20070302/ap_on_go_co/house_unions

Not just Walmart but other business as well. (please no ranting, just logical common sense answer)

Americans really don’t like being told by big brother how to run their life, would you consider this an infringement? Why?

The cost of living will go through the roof. Discount stores will not be able to offer discounts.

Many businesses will go bankrupt and people will be out of work.
(look what happened to Detroit).

Many people don’t want unions and don’t want strikes by their employees which disrupt everyone ( EX: traffic controller strikes)

Not to mention Union members can’t pay their bills when they strike.

Technorati Tags: big brother, common sense, cost of living, infringement, news yahoo, strikes, traffic controller, union members, unions, walmart, yahoo

….after you get sued for building a faulty house for someone. The judge is in favour of the plaintiff, whose house you built. He rules that you must pay them ,000 to compensate for the cracks in the ceilings & walls and various other mishaps. You then, like a b*tch, file for bankruptcy. Don’t know how to phrase this, but: your claim for bankruptcy is accepted.
Replace the you with defendant. What prompts me to ask this is that the defendant walked out of court saying "You’re not getting one cent" to the plaintiff. Which, for comedic effect, i will add that he got punched in the face :L
Questions:
1) How does the plaintiff get his compensation, in civil law or whatever area of law? Are there alternative ways to gain compensation for this issue other than suing? Obviously the suing did not work out? Like for e.g. in criminal cases you can go to the Victims Compensation Tribunal if suing civilly does not work in your interests.
2) Does the defendant (in bankruptcy) have to sell all his assets and every cent of his future income goes to paying the defendant the compensation? Its only fair..
3) Does he get off scott free?

Thanks in advance Would appreciate it if any lawyers on yahoo could lend a hand in releasing me from confusion and unknowledgability.

Ps. The jurisdicton is NSW, Australia.

Technorati Tags: amp, assets, bankruptcy, ceilings, civil law, confusion, cracks, defendant, favour, free thanks, lawyers, mishaps, nsw australia, phrase, plaintiff, tch, thanks in advance, victims compensation tribunal, yahoo

just moved to Texas from Florida, starting fresh and my credit is shot! Im 29 years old and as a single parent my 5 year plan dosen’t look good to repaying my debt. Im about 40-50k in the hole, my question is how hard is it to file it yourself? Its a bit expensive for a lawyer and need to cut corners so any suggestions would be great, thanks yahoo answers….

Technorati Tags: lawyer, single parent, yahoo, yahoo answers

http://news.yahoo.com/s/csm/20100326/ts_csm/290467

Technorati Tags: news yahoo, yahoo

How do I know I should file for bankruptcy? What happens when I file? I live in NJ. I feel I should but what will happen if I do. I am 23 years old and it has been extremely hard for me to pay back anything. I was doing well until I got an unnecessary judgment put on me. (Which is on this link: http://answers.yahoo.com/question/index;_ylt=AjFS14c7T3RPLXBbkja_oPUjzKIX;_ylv=3?qid=20090809082945AAsDabI "

What should I do? Some one please help me.

Technorati Tags: 23 years, bankruptcy, judgment, question index, quot, yahoo

I am currently being sued in civil court, and have no money for an attorney, the case has gone on for a year now in federal court, and have basically lost my business because of all the time I’ve put into defending myself from something I did not do, and am being "lawyered" to death by 6 lawyers. Because of all this, even if I "would easily win" if I could afford an attorney, I will have to file bankruptcy (chapter 7 for me).

Therefore, relating to an ONGOING CIVIL case and a need to file BANKRUPTCY, here’s my QUESTIONS if you would please use the same numbering system to answer them so I can keep track (thanks thanks thanks):

I would LOVE it if filing the bankruptcy would END the case so I could go on with my life, find another job, build another company etc. I read a lot of yahoo answers and one said “If they haven’t gotten judgment against you … then your bankruptcy filing can and will stop the case.”, but I need to be sure.

1) is there any ADVANTAGE to me in filing bankruptcy BEFORE the judgment (now is preferred so that I can go on with my life which has been destroyed)?…. and what will opposition do if they know I’ve filed for bankruptcy? Will they attempt to continue the case when they know the bankruptcy will go thru? If so, why would they continue the case?

2) Since I’m going to be filing In advance" of the judgement, can I "claim" the "injuries" they haven’t yet enumerated " …on my petition for bankruptcy? …or do I just “list the case” and say “amount pending”? THANKS.

I know about the "automatic stay" (keeps creditors (I currently have NONE and a perfect credit score I’ve worked hard to build all my life) from coming after you etc).

3) After I file for bankruptcy (I know it takes so many months to go thru), these additional related questions, thanks:

3a) what happens to the current civil case?
3b) what do i tell the judge? Do i have to tell the judge or just inform the other side?
3c) will i still have to finish the case (expected one more year of my life)?
3d) if we’re currently in discovery, will it / can it stop discovery / subpoenas etc?
3e) ….or…does it just “suspend” the case until the b/k procedings are over? …or does the case just continue on in real-time?

Thanks so much for answering all of these "sub-parts" to my ‘compound" question. They’re really important to my life and my families lives.
Ryan K,

That was totally useless. I can’t believe you actually answered 195 other people. You’re a joke.

Technorati Tags: 3b, bankruptcy chapter 7, bankruptcy filing, civil case, civil court, credit score, creditors, filing bankruptcy, job, judgement, judgment against, lawyers, money, numbering system, opposition, petition, yahoo, yahoo answers

I "settled" with several credit companies for over ,000 in debt. The IRS considers the settlement amount as earned income unless the tax payer was "insolvent" at the time of the settlement. My home has minimal equity but I don’t know how to determine the value the IRS will use in calculating my debt to income ratio. It could make a big difference in my tax liability for the past year but was better than filing for bankruptcy or losing my home. This question even seems to stump tax advisors. Any wisdom out there in Yahoo land would be appreciated.

Technorati Tags: debt to income ratio, filing for bankruptcy, irs, tax liability, tax payer, wisdom, yahoo

Close Bankruptcy Loophole for Mortgage Companies: Obama and Biden will work to eliminate the provision that prevents bankruptcy courts from modifying an individual’s mortgage payments. They believe that the SUBPRIME mortgage industry, which has engaged in dangerous and sometimes unscrupulous business practices, should not be shielded by outdated federal law.

i capitalized it so u guys could find it. imdoing research for a debate in english class and i was reading and my word document says that "subprime" is wrong and so does yahoo answers. so i wondered what an alternative word wold be so that i know what its talking about and i will understand better.

thanks in advance.

*an please, no opinions on the election. i just want to know the meaning of the word. =]
OHH. so its like less than prime? like secondary?

thanks!

Technorati Tags: bankruptcy courts, biden, business practices, loophole, meaning of the word, mortgage companies, mortgage industry, mortgage payments, obama, ohh, provision, subprime mortgage, thanks in advance, word document, yahoo, yahoo answers

Hi yahoo answers i need detail information about the debt settlement…

Technorati Tags: Debt Settlement, yahoo, yahoo answers

***Do not answer this question if you don’t have an ALTERNATIVE to universal healthcare********

Since Republicans are so against universal health care, what would you propose to fix our health care system. Please do not argue that our health care system is adequate because it is obvious that the costs are too high and too many people are uninsured. Furthermore, do not argue that only people who are "bums" don’t have healthcare because many hard-working people can’t afford it.

The article cited below discusses a recent study that concluded that 60% of bankruptcies were filed due to excessive medical bills. In fact, many of these same people had health care, which was inadequate for their bills. Do Republicans have any proposals in how to lower health care costs?

http://news.yahoo.com/s/nm/20090604/us_nm/us_healthcare_bankruptcy

Technorati Tags: bankruptcies, bankruptcy, bums, health care costs, health care system, medical bills, news yahoo, proposals, republicans, universal health care, universal healthcare, yahoo

I was reading an article that showed a few companies that have gone or might go into bankrupt:

http://finance.yahoo.com/career-work/article/107369/7-franchises-that-went-bankrupt.html

I was just wondering..what causes a popular company to go bankrupt?

Technorati Tags: career work, finance yahoo, franchises, work article, yahoo