I gave land to ex ..he was supposed to refinance. we had to file bankruptcy..one lot was sold..the other abandoned by bankruptcy court. The note was in name only. He was supposed to refinance w/in 4 months ..did not and now the note is back in my name and my atty said to see the bankruptcy atty..he said see my div atty. I have cld attys and left online requests for atty to call. I am so frustrated. How do I file to the court to show a violation of divorce decree and get the land awarded back to me so I can clear my credit. In the meantime..the note is almost 00 past due!!
Why can’t I get an atty to call/

Technorati Tags: 4 months, bankruptcy court, div, divorce decree

a few months ago i was jobless and homeless and ended up in the hospital in a state that i was not a resident of and the hospital sent me to like a psych ward/rehab place and that place wouldnt release me because they had nowhere to release me to until they got a hold of my parents and my parents came and got me and i got two bills from the hospital and one bill from the other place and i have a job but i dont get many hours and there really arent many options for jobs where i live i made payment arrangements with the hospital for two bills and i can just barely make the payments each month and the other place didnt send a bill until just recently and its over ,000 and they wont give me a payment arrangement that works for me they want almost ,300 a month for 4 months which i cant do i make less then 0 a month right now since that payment arrangement doesnt work they want me to get a loan from a bank but i dont have a credit history and no one would cosign and i dont make enough money to afford another bill each month my mom says that i should just file for bankruptcy my parents dont have the money to loan me and refuse to cosign anything for me or really help me in any way i dont want to have to file for bankruptcy because i dont want bad credit to start my credit history and i was hoping to go to college in the next few years (which would require loans) im only 19 and i have a daughter whos 10 months (she lives with her dad – she was not with me when i was homeless and all of that) and i want to be able to set the best example for her as i can and ive already messed up so is bankruptcy the best option or does any one have any ideas on what i should do?

Technorati Tags: 10 months, 4 months, bad credit, bankruptcy, credit history, dad, enough money, job, jobs, loans, mom, parents, payment arrangement, payment arrangements, psych ward

I have done everything I can to reduce my spending, and my interest rates (on unsecured debt), yet there are still so many demands on my income that I am still unable to meet my monthly obligations. (My VA Compensation was just "reduced" making my problems even worse). Due to the nature of my current "graveyard employment", I have been experiencing a great deal of trouble finding a second job.

Must Bankruptcy be my only solution? I entered into a Debt Management Program (to have interest reduced), 4 months ago. Until then, I had not even had a "late payment" in over 8 years (no longer the case thanks to the DMP).

I was forced to file Bankruptcy in 1999 (so it is about to be removed from my credit file), due to my divorce and excessive student loan payments.

Now I am about to "start all over again" due to my inability to obtain reasonable interest rates on my debts.

Can anyone suggest alternatives to Bankruptcy?

Technorati Tags: 4 months, 8 years, alternatives to bankruptcy, case thanks, debt management program, debts, divorce, dmp, excessive student, graveyard, interest rates, second job, student loan payments, unsecured debt

I have contacted one recently but I only found 3 reviews. I was advised that I can pay 200.00 down to retain them and pay 380.00 per month for 4 months. Once this was paid the papers would be filed for the bankruptcy. I was also advised that once the 200.00 was paid to stop paying my bills and refer the creditor to my lawyer. In theory with my financial state this would be a great thing. In the 3 reviews I have found they have all stated that they had paid in full and a year later they were still waiting for the papers to be signed. The one lady was being sued by one of her creditors for failure to pay. Can anyone help shed some lite on this? I obviously have made enough bad financial mistakes I don’t want to make another one.
ps–if you want to judge go find a beauty contest

Technorati Tags: 4 months, bankruptcy, beauty contest, creditor, creditors, failure, financial state, lawyer

I am 27 and am a little over 83000 dollars in debt. I have 3 unsecured loans and 2 credit cards.

All of the loans are within the last 6 months.
My concerns are that I lied on all of my loan applications. I inflated my income to help me get the loan. Not just for the intent of getting the loan, but because my company I was working for kept promising that I would get these huge raises. My boss kept saying "you will get 50% more within the next couple weeks" so I assumed I was going to get the income increases so when I applied for the loans, I put down what I was supposed to be getting.

Now I left this company 4 months ago because of this crap. Also because I was uncomfortable in the environment. My boss was coming in drunk, (I hate alcohol), my coworkers were dealing drugs within range from me. I did not want to be a a part of that.
I started looking for a job right after I left. I was making 42000/year and I needed to make at least 90000/year to cover my bills. It all started with 2 personal loans I took out last November to pay off my credit cards. Then it turned into the "robbing peter to pay paul" and I had to take out another loan to help cover the differential from what I was making to what I needed to cover my bills.

The thing is, I want to be honest. If they ask, I will be fully open and explain why I lied on my applications. I was promised I would be getting those raises and I was depending on them. Now my boss has been recently let go as far as I heard last because of I am sure of things he has continued to do after I left. Even when I was there, I told HR about what he was doing, and they did not do anything.

How much trouble can I get into?

Technorati Tags: 4 months, alcohol, boss, couple weeks, coworkers, crap, credit cards, dealing drugs, differential, last november, loan applications, looking for a job, personal loans, robbing peter to pay paul, unsecured loans

I am 27 and am a little over 83000 dollars in debt. I have 3 unsecured loans and 2 credit cards.

All of the loans are within the last 6 months.
My concerns are that I lied on all of my loan applications. I inflated my income to help me get the loan. Not just for the intent of getting the loan, but because my company I was working for kept promising that I would get these huge raises. My boss kept saying "you will get 50% more within the next couple weeks" so I assumed I was going to get the income increases so when I applied for the loans, I put down what I was supposed to be getting.

Now I left this company 4 months ago because of this crap. Also because I was uncomfortable in the environment. My boss was coming in drunk, (I hate alcohol), my coworkers were dealing drugs within range from me. I did not want to be a a part of that.
I started looking for a job right after I left. I was making 42000/year and I needed to make at least 90000/year to cover my bills. It all started with 2 personal loans I took out last November to pay off my credit cards. Then it turned into the "robbing peter to pay paul" and I had to take out another loan to help cover the differential from what I was making to what I needed to cover my bills.

The thing is, I want to be honest. If they ask, I will be fully open and explain why I lied on my applications. I was promised I would be getting those raises and I was depending on them. Now my boss has been recently let go as far as I heard last because of I am sure of things he has continued to do after I left. Even when I was there, I told HR about what he was doing, and they did not do anything.

How much trouble can I get into?

Technorati Tags: 4 months, alcohol, boss, couple weeks, coworkers, crap, credit cards, dealing drugs, differential, last november, loan applications, looking for a job, personal loans, robbing peter to pay paul, unsecured loans

I am 27 and am a little over 83000 dollars in debt. I have 3 unsecured loans and 2 credit cards.

All of the loans are within the last 6 months.
My concerns are that I lied on all of my loan applications. I inflated my income to help me get the loan. Not just for the intent of getting the loan, but because my company I was working for kept promising that I would get these huge raises. My boss kept saying "you will get 50% more within the next couple weeks" so I assumed I was going to get the income increases so when I applied for the loans, I put down what I was supposed to be getting.

Now I left this company 4 months ago because of this crap. Also because I was uncomfortable in the environment. My boss was coming in drunk, (I hate alcohol), my coworkers were dealing drugs within range from me. I did not want to be a a part of that.
I started looking for a job right after I left. I was making 42000/year and I needed to make at least 90000/year to cover my bills. It all started with 2 personal loans I took out last November to pay off my credit cards. Then it turned into the "robbing peter to pay paul" and I had to take out another loan to help cover the differential from what I was making to what I needed to cover my bills.

The thing is, I want to be honest. If they ask, I will be fully open and explain why I lied on my applications. I was promised I would be getting those raises and I was depending on them. Now my boss has been recently let go as far as I heard last because of I am sure of things he has continued to do after I left. Even when I was there, I told HR about what he was doing, and they did not do anything.

How much trouble can I get into?

Technorati Tags: 4 months, alcohol, boss, couple weeks, coworkers, crap, credit cards, dealing drugs, differential, last november, loan applications, looking for a job, personal loans, robbing peter to pay paul, unsecured loans

I was an idiot and bought a home with my cousin. We jointly own the home. I got married and we had a baby and my cousin and I decided that I would leave the home. She signed a lease in June stating that she would be 100% financially responsible for the home for one year and keep the home in good condition. She never paid a penny. I found out in August she was going to file bankruptcy and walk away from the home. I worked with an attorney to get her out of the home so I could work figure out what to do. She did not leave until mid-September (now the home is 4 months behind in mortgage) and the house was a mess. All the appliances were missing as well (brand new stainless steel appliances that were part of the mortgage) when I finally gained entry into the home. She signed a Quit Claim Deed over to me as well. I cannot catch up on the payments and so I got the home ready to sell. She damaged the home, left it a mess and stole the appliances. I replaced the appliances (with second hand, not as nice white appliances) cleaned the home and fixed the damages. I also have to maintain the yard as well. I started working with a real estate agent and they said I needed her signature to sell the home. I called the bank and they agreed that the quit claim deed really does nothing for me at all. I had my real estate agent call my cousin to ask her to work with them to sell the home, she refused. She said she’s going to file bankruptcy and walk away free and clear, leaving me to take care of the finances of the home. My agent told her that the foreclosure that could happen would still count against her and my cousin just hung up on her. I had my father talk to her mother (they are siblings) and that got me no where. She won’t speak to me as she is "afraid" of me (she’s a lying, deceitful, nasty human being, unlike myself and I have never done anything to her except have her kicked out of the house that she lived in without paying for 4 months). Anyhow, so I have tried every avenue that I can think of to have her work with the agents to sell the home and not have a foreclosure, I feel like I am being held hostage financially. I haven’t received anything from her lawyer about her filing bankruptcy (and she hasn’t yet, I check weekly with the courts). I have a couple of questions -

1. Anything I can do to her for not working to get us out of this financial situation that she put us in? Can I legally hold her responsible?

2. When should I file a case against her for the broken lease and damages to the home? Should I wait a little longer to see if she’s putting that on her bankruptcy or not?

Thanks for any answers…

Technorati Tags: 4 months, bankruptcy, claim deed, cousin, damages, foreclosure, mortgage, real estate agent, siblings, signature, stainless steel appliances

my husband and I filed for bankruptcy about 4 months ago and our landlord has given us the option to buy our house. We would love to do that because we love our house! But I don’t want to walk into a bank and have them laugh us out of the bank.
A friend of mine that works for a small loan company told me that the safest loan to give is to someone that has just filed bankruptcy because we would not be allowed to do it again in another 7 years

Technorati Tags: 4 months, bankruptcy, landlord, small loan company

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Bankruptcy lawyer taking forever?
I retained a bankruptcy lawyer back in may, to file for bankruptcy of course…..he told me it would take about 4 months…..here it is 7 months later…..he cashed my check within 3 days i retained him back in may…..my main reason was for garnishment…..i went and saw him 2 and a half weeks ago, after numerous phone calls, and asked how much longer to get filed, so the garnishment would stop…i said " what, a couple weeks"?…he says no…a couple days…..here it is 3 weeks later, after 5 voicemails…no response…still not filed….still being garnished……do i have any leverage here!!!!!!!!!!….i feel he owes me money, cuz hes takin his frickin time,…he was quick to cash my 1500 dollar check though 7 months ago!!!

Technorati Tags: 4 months, 7 months, bankruptcy lawyer, couple days, couple weeks, dollar check, leverage, money, phone calls

I was unemployed for about 4 months earlier this year. During that time my car payments as well as other payments fell behind. I have been trying to catch them up, unfortunately when I got my new job I took a massive pay cut and can no longer afford the payments. Last week my car got repo’d. I would have to come up with 00 in order to get it back as well as figure out how to manage the payments on top of my other past due bills. This has proven nearly impossible if not completely impossible. Therefore I am going to attempt to file bankruptcy. However, I am borrowing 00 from a family member to buy a 00 vehicle (like i said i live in MN and walking everywhere is very cold). But my question is this: If I do go get this car before the bankruptcy is filed, will they take and sell the car to try to pay off the debts? Or should I just put it in a friend or family members name till the bankruptcy is filed and over-with?

Technorati Tags: 4 months, bankruptcy, car payments, debts, due bills, family member, family members name, new job, repo

we have a 5 year old daughter, have been together for 10 years and married for 3. when we first got together i found out he had a cocaine addiction, he told me he stopped, when our daughter was born we moved in together and he was moody, mean and stingy with his money so i left him, 4 months later he says he’s changed that he was on coke but now he’s clean, he appeared to have changed so i married him, yet right away when we married and moved in together it all started again and for the last 3 years he has lied lied lied, wasted away soo much money lied about his pay checks, put us in debt, ruined our credit and i just found out he’s been using coke this whole time and thats where all the money ahs gone. he says he loves me and his family is begging me to give him a second chance, he says hes going to go seek help but my feeling for him are gone. should i stay or go? we just filed bankruptcy and all i have left is our house. if i loose that it will be sooo hard to ever buy a house again. i cant afford it on my own.

Technorati Tags: 10 years, 3 years, 4 months, bankruptcy, checks, cocaine addiction, coke, much money, second chance, whole time

in aug 1999, i filed about 7 years of IRS income tax returns. i had an accountant prepare the returns but he was not a CPA and i do not remember if he signed the returns or not.

i was a non-filer for many years of income tax.

i sent the IRS my package in august 1999 for all of these years.
i owed a LOT – over 000. i knew that.

i intended to do an offer in compromise but i never got around to it. i live in bklyn now. in around 2002, the irs started with the letters and i got very upset because i didn’t have the money to pay and i was not employed on a regular basis.

somehow, in the past 5 years, i have not heard a word from the IRS.

at this point, i believe through conversations with the agent or whomever the woman was at the irs, that she was convinced i was a financial basket case and i could not deal with this debt. i also had terrible problems with the irs in the 80s and they hounded me for debt that i didn’t owe but i didn’t properly handle it and i got a liar of a revenue collector and i paid through the nose, about k although in reality, i never owed one penny (the irs assessed additional taxes in 1982 – 84 on mileage deductions i took as a part of my sales job at the time and it was totally legit). but i didn’t answer their letters in the right amount of time allowed because i moved to another state and i got all kind of fees added and it became a total nightmare, and i paid back a LOT of money.

i told the agent in 2002 all of this and i think she believed me. i told her to look it up so she could see that every word i said was true. (it was).

so i thought that maybe the irs would leave me alone for the taxes owed that i sent in august 1999.

my question is that there is a federal tax lien on my credit file for over ,000 now and it was placed there on december 2000. so the federal tax lien was placed on my file one year and 4 months AFTER i filed my taxes.

in august 2009 (which is 10 months from now), 10 years would have passed and if the IRS has not collected from me (i still don’t have the $$ to pay NOR steady employment), do i owe the money still.

FIRST QUESTION: will they likely renew the lien?? i have heard that they seldom do this.

SECOND QUESTION: i have not heard from the irs in over 5 years concerning my debts. what does this mean?? it is a positive sign???

THIRD QUESTION: does the 10 years SOL start and end the day and month and year of the date of taxes that i filed (meaning my date and signature which was my name – MH HALLSTIN and the date was Aug 1999 OR

FOURTH QUESTION: is the SOL from the date of the lien that is listed on my credit report, which is actually december 2000 (which is one year and 4 months AFTER the date i filed).

FIFTH QUESTION: i have decided to file bankruptcy at any time that the irs has decided to renew this lien for another 10 years because i cannot take the stress of it. so my question is, is this old irs debt dischargable in a chapter 7 bankruptcy (what about a chapter 11???)

also, since 1999, i am again a non-filer however i probably don’t owe much money and probably the irs owes ME money (which of course i will never see and i am OK with that).

ANOTHER QUESTION: i would like to file those years since 1999 and catch it all up. will filing these years trigger anything with the IRS to look at my situation again and make them renew the lien i referred to again.

or should i wait to file the back tax years AFTER the 10 year lien expires??

ANOTHER QUESTION: when does the irs renew an old lien and are there any rules about it (such as does the irs have to file another tax lien before the 10 years expires) and most importantly, as i asked above, the crux of this very long post is when does the 10 years start and end on a tax lien, when i file my taxes or when they put a lien on my credit file (or is there another factor that i am unaware of that is used as the 10 years that the irs is allowed to use).

ANOTHER QUESTION: if i ask the irs all these questions, is it going to trigger/renew their interest in me???

Technorati Tags: 10 months, 4 months, 80s, accountant, amount of time, august 1999, basket case, bklyn, conversations, cpa, federal tax lien, filer, income tax returns, irs income tax, liar, mileage, mileage deductions, nightmare, offer in compromise, sales job

I purchased a Condo in Florida (investment property) at the height of the real estate market. The purchase was made with a friend as a joint owner. As luck would have it, my partner lost her job a couple of years ago and cannot pay her half anymore and is proceeding into bankruptcy.

Obviously, I am liable for the loan and am searching for any alternatives, either short term or long term. The Condo mortgages along with my personal residence mortgage is 48% of my gross pay. At this rate, I’ll eat up my savings within six to nine months. I am current on all payments. The value of the property was financed at 90%, with a mortgage and HELOC. Both are interest only loans. The current value of the property is 72% of the loan amount.
This means the value of the property is currently about 65% of what we paid.

We have been renting the unit as a vacation rental, but only have been able to rent it about 25% of the year. It generates enough income to cover about 20% of the cash outlay. Long term rental prospects are slim.

Any thoughts on how to either keep the property and minimize damage or is foreclosure an option I need to consider down the road? Is a loan modification possible, even on investment property? My credit score is very good at 805, so I guess I would sacrifice that as well.

I’m not looking for an easy way out, I just want to understand all my options.
thanks
The condo is in Panama City and I am working as an engineer in Georgia about 350 miles away. So, a business in the unit is not really an option. I guess another investor is an option. 50% ownership at 25% of the cost. That may work.

The the intent was to rent about 200 days a year, however, the rental market in this area was saturated with new condos, thus only able to rent about 3-4 months a year at best. Additionally, the with the hurricanes several years back, the insurance and property taxes more than doubled, which was not anticipated.

Technorati Tags: 4 months, bankruptcy, cash outlay, credit score, current value, engineer, florida investment, foreclosure, gross pay, hurricanes, interest only loans, investment property, loan modification, new condos, nine months, panama city, personal residence, property taxes, prospects, vacation rental

We bought a brand new Condo/Townhome in Rhode Island in 2005.
Its in a decent area, 10 min from Providence. 40 min from Newport. 50 minutes from Boston. We both lost our jobs last November and are both living on one Unemployment check. With student loans, cars, insurance, utilities, mortgage, credit cards etc… Its all getting to be way too much and we are throwing away everything we’ve saved into this black hole of debt & mortgage interest.

So, we’ve read all about both types of Short Sales, (release of lien) etc.
Foreclosure, Bankruptcy etc…..

I know there is an alternative to rent our Condo/Townhouse out but the market isn’t looking that good for renting (to cover what we’d need for bills & to move) BUT, we want OUT OF HERE! We want to either move back home to upstate NY where our families are from or way down south to FLORIDA where its warm. I don’t even care if we RENT again. I’m SICK OF IT around here. One of the highest unemployment rates and we are depressed and miserable.

So, what is there for us to do?
we had so much student loan bills on credit cards we consolidated into a second mortgage while the market was still good. So, now we have the first home mortgage and a second mortgage. These total 0K the main problem is that we are 1 of 5 condo units. The one on the end went into Foreclosure when its owner skipped the country. NICE! So, with that unit selling for 9K we are screwed!

So we’d short sale and have to get forgiveness for K
AAaaaaahhhhhhh……………………………
If its a release of lien, I can’t afford 70K plus all my 50K in student loans and still be left with no house.

What the heck are we supposed to do?
Just want to move…..

Any help would be great!

ps- I’ve tried talking to our Mortgage Co. (First Franklin based out of CA) they are NO HELP. and have straight out told us they won’t do anything unless we are 3 to 4 months behind on payments. Of which we aren’t. We have never missed a payment.
WHY WON’T THESE COMPANIES WORK WITH US THAT NEED HELP? I DON’T GET IT…

Technorati Tags: 4 months, black hole, compani, condo townhome, condo townhouse, condo units, decent area, first franklin, first home mortgage, last november, mortgage co, mortgage credit, mortgage interest, move back, second mortgage, student loans, unemployment check, unemployment rates, upstate ny, what the heck

I make ,000/year and have ,000 in debt (credit cards, loans). According to the ch. 7 means test, I have 5/mo. of disposable income to pay to my creditors (my current payments are ,450/mo.). I’m not behind on any payments, but I have been struggling for months now to stay afloat and often have to rob Peter to pay Paul, using the credit cards that I have been trying to pay down to pay other bills or groceries. I’m hesitant to file a ch. 13 right now because I’m 5 months pregnant and my financial situation will change drastically in 4 months. I clearly pass the means test when I add in a dependent, showing a -0 of disposable income/mo. Before I found out I was pregnant (which was unplanned), I was planning to take on a second job and freelance assignments (I’m an Editor) to help me get ahead. But that’s not going to happen now, obviously. Should I file a ch.13 now and convert to a 7 after my baby is born, or should I just wait until my baby is born and file a 7?
Additionally, I’m not married, but I will have some financial support from the baby’s father. And please, no one answer with judgmental advice–I’m a responsible person who fell on some hard times a few years ago when I was working solely as a freelancer, was disabled for a couple of months due to an injury, and had a death in the family. This is a LAST resort, but after stressing and being depressed about this for months now, I have to do what I can to make sure I can provide for my child. I would rather work 2 full-time jobs (I have done this in the past) than file for bankruptcy, but this isn’t realistic when I’m going to be the primary caregiver for my child. Thank you.
Thanks for your response. I have had credit counseling and a phone consultation with an attorney who figured that I currently qualified for a 13, but he did not take into consideration me having an additional dependent in 4 months and having to then pay ,000/month for childcare soon after my child’s birth. From what I have read on the U.S. Trustee’s site, a person can convert from a 13 to a 7 if circumstances change that makes it impossible for them to stick with the agreed upon payment plan. My issue is it doesn’t seem to make sense to begin a 13 now, maybe get into one or two payments, then have to back out of it so soon because my financial situation changes. And then I would have to pay even more money to convert the filing. I hope this makes sense. Thanks.

Technorati Tags: 4 months, 5 months, caregiver, ch 7, childcare, credit counseling, creditors, death in the family, debt credit, disposable income, financial situation, freelance assignments, freelancer, groceries, last resort, means test, phone consultation, responsible person, second job, time jobs

I worked for 4 months without getting paid then the doors are closed and bankruptcy is filed? I was on salary and had 10% ownership, which cost me and made me file personal bankruptcy when the company filed. What legal rights do I have? What are my options?

Technorati Tags: 4 months, doors, personal bankruptcy, salary

I’m stuck in a horrible cycle of paying one loan off and then going back the next day to get the money to pay the next one. I am going to file chapter 7 bankruptcy. It takes about 3-4 months to complete. What should I do with the loans that I owe now? Please help!! Thank you
I plan to include them in my bank, but what do I do with them while I am filing? Any idea’s?

Thanks again
Has anyone been thru this before?

Technorati Tags: 4 months, chapter 7 bankruptcy, horrible cycle, loans, money

Income=1200/mo. 4 creditcardpayments + 1 unsecuredloan (used for massage theray school) payment= 940/mo. Rent=5. Not to mention other bills and food. The only way I am making it is thru occasional money and food help from friends/family, tho very few of them know that I am ,000 in unsecured debt. I used that money to help pay expenses- scraping by frugally, not spending unwisely, just making ends meet for past 3 years on very low income when i was going to school. Also 2 roomates skipped out and I used the credit for 4 months to pay 00/mo rent that I should have only paid 1/3 of, two years ago. Now I am having to use what is left of my credit to help pay the other credit bills. And having paid no more than a week late a few times while waiting for income, (hard to choose whether to pay late or to pay with other credit cards!),interest rates way high: 80 x 32.99%, 50×26, 00×26, 00×23, 00×9. Am in deferrment of 000 university loan. HELP very ashamed
Thanks for your help!!! Tried to get a loan with lower interest from my credit union and wellsfargo- refused. nobody in my family wants to cosign- i don’t blame them! 5 is cheap rent downtown Denver! moving back home would kill me, (plus 1000 miles away and no work there). I’m not really making enough to have credit counseling take a autodeduct, esp because my bills end up exceeding income. Bankruptcy seems like the "easy" way out (except for the shame and embarassment, and also the only way out at this point), tell me how it’s not. Only thing I’m worried about is that I won’t be able to get more loans to keep going to school. I don’t plan to buy house or expensive car. Also, I’m trying to run a web dev business, so far mostly building portfolio. How will it affect my options with the business? You guys rule.

Technorati Tags: 3 years, 4 months, bankruptcy, credit cards interest, credit counseling, downtown denver, embarassment, expensive car, friends family, interest rates, loans, massage, money, roomates, shame, thanks for your help, tho, university loan, unsecured debt, web dev

Hey guys. I just started a new business a couple of months ago and am finding out that I was not financially prepared for it. I am undercapitalized. Therefore, I probably only have a good 4 months left until I can’t pay my rent and other bills anymore. Also, even if I were able to receive funding somewhere else, I no longer believe that the business is a good one. Should I file for business bankruptcy now? I borrowed 0,000 on an SBA loan that I want to discharge from bankruptcy. I would appreciate any opinions that people might have. I just don’t see a point to stay in this business to go into even deeper debt when I know it’s just going to get worse.

Technorati Tags: 4 months, business bankruptcy, hey guys, new business, sba loan