I am considering filing without an attorney. Situation is a wage garnishment for an 11k judgment that looks to be for credit card. (I’ve been disputing this for years trying to prove it’s fraud but clearly haven’t been successful – another story) Background: single mother, head of household, 2 kids, one student loan about 7k, one car loan, about 7500 left to pay, don’t own property, no assets; all my earnings go to rent, household and child care. I’m not behind on car or student loan payments. I just can’t afford wage garnishments and I think a bankruptcy is my only option to cease the garnishments. Since this 11k judgment is the only debt I need discharged in the bk, I think I may be able to manage this on my own instead of hiring an attorney that I can’t afford. Anyone have personal experience with this or with paying for a sevice that helps only with paperwork?

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I’ve heard that chapter 7 is a "liquidation of assets" and chapter 13 is a "reorganization of debt".

I don’t own anything except a computer, two old TVs. Can they take that?

Have lots of debt. Would like to file chapter 7. Can I or will they make me file chapter 13? What are the QUALIFICATIONS or REQUIREMENTS?

Technorati Tags: assets, chapter 13, chapter 7, liquidation, old tvs, reorganization

Our options are to close before the suit is filed, to waste more money to defend a lawsuit, or to wait and get a default judgement and file bankruptcy, since the company has no assets?

Technorati Tags: assets, bankruptcy, default judgement, money

I’ve decided to file for Chapter 7 bankruptcy…my employment hasn’t been steady in the last year and my debts eclipsed my rent even though I was on a debt mgmt company. All my accounts are closed and I haven’t used a card for anything since July (and that was at best a grocery purchase). I’ve been living off of temporary jobs and the occasional two-week unemployment benefit. I’m single, live alone in a small apartment, have no assets (not even a car). I have approximately K in old credit card debt. I’m not a shopaholic…most of the debt was incurred either to help me stay afloat while unemployed (and not receiving UE benefits).

I know bankruptcy will screw my credit, but I don’t really care…I don’t plan on moving anytime soon or buying anything on credit within the next few years. It would be wonderful to be able to put away some savings after paying my bills (00 a month would pay all my bills and allow me a modest budget of disposable income) would feel wonderful after scraping by for years and praying I don’t lose a job.

I can’t afford to hire an attorney, so I’m having a paralegal help me out. I know an atty would be better, but since I have nothing to save (no assets), I figure things would be pretty cut and dried.

At the moment, I am subsisting on temporary jobs and unemployment benefits during the weeks I am not working. A permanent job could come along, but I’m guessing not for at least another month.
wash – you can make payments to an attorney? I visited one early on in my decision and they quoted me 00, all upfront. I’ve heard that if you screw up your paperwork, you cant file for bankruptcy for a whole year, so I realize the value of an attorney…however, I also have a pretty simple financial matter: no assets, no kids, no mortgage.

Yahir – I don’t know if you’re a real person or not since I see a lot of these links, but just FYI – I was working with a debt mgmt company for about three years before I lost a job and could no longer pay them.
I’m single, no kids, never married.

This paralegal is not working for an attorney…she has her own business. She also told me she has filed for bankruptcy herself a number of times….I don’t know if this is a warning sign or it proves that she knows the ropes as far as what to expect.

Technorati Tags: assets, budget, chapter 7 bankruptcy, credit card debt, debt mgmt, debts, disposable income, financial matter, job, mortgage, paperwork, paralegal, real person, shopaholic, small apartment, temporary jobs, unemployment benefit, unemployment benefits, upfront

If I have retained an attorney and am in the process of filing bankruptcy, can a company still take your assets if they have recieved a judgement prior to your file date?

Technorati Tags: assets, file date, filing bankruptcy, judgement

We have no joint accounts or assets (all were closed or separated at time of dissolution). Although most of her debt did exist when we were married. Do I have anything to be concerned about? Can/will the creditors come after me? I live in Montgomery County, Ohio (I know bankruptcy laws vary from state to state).

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I found a means test online and I took it, I did it two ways, with our income at the moment and our income in the last 6 months. Depending on how I did it, we either had a negative amount of money as disposable income (last six months) or we had a very low amount of disposable income (8) future 6 months. It said I passed the means test both times, of course I’m not positive if I did it right but I just went with what they had as deductions. If you are below the Median for your state and you pass the means test, will you automatically qualify for chapter 7? We have no assets except for a car we are still paying on. I do have an appointment with an attorney, I would just like to know what to expect.
And I know bankruptcy is looked down on, but we are desperate for some relief, we have had some bad luck and paying for everything we owe is just no longer an option. Only about a 1/5 of it is credit card debt.

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We have 3 children, ( 2 minor, 11 and 17), our home is our biggest asset. We have a lot of debt with judgments against us. He has hidden other property and other assets, ( motorcycles, vehicles), and other items of value by them getting them out of his name so I and the courts can t touch them. I must seek legal aid from our local county, as I have no money to defend myself. My husband is trying to make sure I get nothing, when I am the one initiating the divorce, because of his excessive alcoholism, physical and verbal abuse towards the children and me. There is a documented case with DCF against him, for abuse and drug use that my son’s school reported . The case was closed with no further action. We need to file for bankruptcy and I desperately need guidance in the right direction awaiting legal aid to assist me. Someone please show me the light…
He seems anxious to get me to sign his do it yourself divorce, yet he refuses to leave the house, and wants to stay while all this escalates.

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I have ,000 debt and wanna file bankruptcy?
i have 3 credit cards, and wanna file bankruptcy. heres one little thing…. one of those cards, i’d accidently typed my birthdate in wrong when i signed up, so instead of 1988, its actually 1986. and its been 3 years and i never bothered changing it back

the rest of the cards are all entered correctly, so when i file bankruptcy, what do i do? will it come up as a problem?

* 28 minutes ago
* – 3 days left to answer.

Additional Details

2 minutes ago
i have mental problems and cant keep a job.

i have no money, i cant pay my bills.

i cant get a consolidation loan because my credit sucks.

so if i dont file, what am i suppose to do? let all my bills default? go into collection? i have no assets anyway so they cant do shlt

1 second ago
pay what i owe, easy for you to ******* say.
thats actually what I did, for a year. I worked full time, worked full time. and barely made ends meet, I barely paid all the minimums, and got really depressed and sick of life, and thought about suicide.

Technorati Tags: 3 years, accidently, additional details, assets, bankruptcy, consolidation loan, credit cards, full time, job, money, sick of life, suicide

I have been in debt for quite some time five years. I am working full time. I have no assets. But I also cannot afford an attorney since I am living in a hotel and have 2 child support obligations. I have seen many online prep services but I do not know if they would work or not. I also will be having most of these debts off my credit report in about 3-5 years. I am wondering should I just wait it out and let those debts fall of my report and then try to build my credit back up with secured cards or just file for bankruptcy and have hopes in it getting discharged.

Technorati Tags: assets, bankruptcy, child support obligations, credit report, debts, full time, quite some time, secured cards

I have a bachelors in business finance and I will complete my MBA next month. I was laid off about 20 months ago. The same week I was laid off I found out my wife was pregnant. We now have 3 children. I was eligible for unemployment and it did not last for very long. I then picked employment where I made 60% less than I was previously making to make ends meet. I now have gainful employment and I am making about 15% less than 20 months ago.

My wife and I will have student loans coming due in about 6 months and I am considering using my credit cards to payoff auto loans and other secured debts that are in both our names. When the student loans come due we will not be able to pay all of what is due every month with no end in sight. After being unemployed, we did very well keeping our heads above water however we are now feeling the pinch of our delayed situation. We feel if bankruptcy is our only solution we should use our credit cards to pay off everything.

We are considering filing bankruptcy under one of our names and NOT a joint bankruptcy so as to avoid having to forfeit any assets like the autos, etc. If we do this we should be able to retain all assets because it is not a joint filing. All of the credit cards we would use would be in wife’s name. Are there any issues with this?

Technorati Tags: assets, auto loans, bachelors in business, business finance, credit cards, debts, eligible for unemployment, feeling the pinch, filing bankruptcy, gainful employment, mba, student loans

I am looking into filing personal bankruptcy but I have a problem. My wife and I are self employed and own an LLC we make very little from this LLC and it has 2 small assets that might not be worth anything maybe less than 0. We only gross 00-2500 a month. Without my wife and I the company is worthless. Our customers would not be serviceable without us. We get all our income from the business. I want to know if we file personal bankruptcy would that mean we can’t do business anymore? Would we have to change our name? Are there any online references that explain this process and how it would go down?

Technorati Tags: assets, filing personal bankruptcy

I’ve known a couple people who have filed bankruptcy and I think they use it as an easy cop out, because they don’t want to have bills.
Two of my friends have put all their assets in their parents names, filed, and then get to keep their stuff.

I would be more concerned about the bad mark it leaves on my credit score. What are you thoughts on it?
Would you ever file bankruptcy? Why or why not?

If you have, [and don't mind sharing] how much debt did you eliminate?

Technorati Tags: assets, cop, credit score, parents names, who have filed bankruptcy

If a company is little more than a website, what’s to stop a company that’s bankrupted by lawsuits or the like from just taking all the code and data and reopening a site under a new domain, especially if the "assets" could not be sold as part of the bankruptcy?
Your typical internet forum, like vBulletin or Invision Power Board. All that the "assets" consist of are a software license and a database, maybe some banner contracts or something like that.

Technorati Tags: assets, bankruptcy, contracts, internet forum, invision power board, lawsuits, software license, typical internet, vbulletin

….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.

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I have no income, between 20-25k in debt, and no assets other than my car that is falling apart. I feel that it will take me forever to pay off the debt once i start working again. Is filing chapter 7 bankruptcy right for me?

Technorati Tags: 25k, assets, chapter 7 bankruptcy, filing chapter 7, filing chapter 7 bankruptcy

I cannot find work and I have over 20K in credit card debt. What will happen to the cars I own if I file for chapter 7 bankruptcy? They are my only assets. I will be filing in the state of California. I am single and a non home owner.
I have had my 73 bronco for sell for almost a year now. No one is buying. What would that mean?

Technorati Tags: 20k, assets, bronco, cars, chapter 7 bankruptcy, credit card debt, state of california

We sold our home and relocated for spouse to start new business. All income and assets wiped out from business venture which is 4 yrs old. We both have credit card debt from the business but I am not filing. Can heirloom furniture I own be taken as an asset to satisfy creditors? Other than my spouse not having credit what are the pros and cons to filing bankruptcy.

Technorati Tags: assets, business venture, credit card debt, creditors, filing bankruptcy, furniture, new business, pros and cons

I work for a small business that is in serious financial trouble. The owner has just about all the assets in his name and the company’s name. It is a corporation… if that makes any difference, I want to know as we deal with the issues, what if any, our options are. The owner owns his home and our office building. He is going to have to stop paying on one, if not both. What do we face when that happens? How long does foreclosure take? The owner also has 2 vehicles that he has financed. He doesn’t need both and wants to turn one in, or have it repossessed. How long does that take and what kind of damage will he do to his credit report? Should he file for bankruptcy? He still wants to have the same general contracting business. He wants to do whatever he can to keep the company open. Ideas, suggestions, info very appreciated.

Technorati Tags: assets, bankruptcy, credit report, financial trouble, foreclosure, general contracting, small business

I have about ,000 in credit card debt. I don’t have any income or assets of any kind (unless you count clothes–I’m living with my parents and borrow their car if I need to). The credit cards have been slowly going into default ever since I lost my job two years ago and now I haven’t been able to make any kind of payments for about 9mos, so they’ve all gone into collection. I won’t be working again for at least a year or two. I’m sick of all the harassment from the CC companies, and also am concerned about them taking all the money I make when I’m eventually able to return to work.

But I’m concerned because a) I can’t make payments of any kind on a bankruptcy settlement and b) I could only afford maybe a few hundred dollars for lawyer fees and everything.

Should I file for bankruptcy or just ignore the debt? Will they take all the money I make when I’m finally able to return to work if I don’t declare bankruptcy?

Technorati Tags: assets, clothes, credit card debt, credit cards, harassment, job, lawyer fees, money, parents, should i file for bankruptcy