My husband and I live in Alabama and initially filed chapter 13 bankruptcy 2 years ago. We have had to revisit our chapter 13 once to have the payments reduced and surrendered our home and a vehicle in the process. I am no longer employed and we have lost about 20,000.00 in annual income, that puts our total income at less than 35,000.00 per year. I have returned to school under a pell grant and it is just enough to cover tuition and books. I contacted our bankruptcy attorney’s office and sent them the paperwork showing the change in income and a letter from my previous employer. We had to send it certified because they claimed to have never received it by fax or email. We want to convert to a chapter 7. We are renting a home, my husbands work has slowed to a crawl, the bank has yet to take possession of our house that we surrendered, we cannot make our bankruptcy payment and I cannot get anyone from the attorney’s office to call me back with any answers. Would it be a bad idea to fire this attorney and start again with a new attorney? Or is it just the way things are? It took us nearly a year to get our first chapter 13 revisited and at this rate we are going to be in huge trouble if we can’t get something resolved. I might even have to cash out the little 5000.00 I have in retirement. ( I am 45 years old). Any advice. I cry every day.

Technorati Tags: 45 years, bad idea, bankruptcy attorney, chapter 13 bankruptcy, chapter 7, paperwork, pell grant, possession, renting a home, retirement

ok. this all started when me and my boyfriend bought a new home (in his name by the way, i barely own anything). i needed credit cards for some shopping.. towels, silverware.. that sorta thing. i recently couldn’t afford my credit cards because social security was deducting money from my monthly check. credit card charges went sky rocket. now i have unpaid credit cards and will need to go bankrupt. my question is, now that i have my money straight, but cannot afford to pay on the past credit cards due to all the charges, will i get in trouble for getting another credit card if i wait and file bankruptcy in a couple of months. i just want a credit card to do Christmas shopping with and i plan on paying this one. also, if i pay on this new credit card(s) will i need to let my lawyer know about them. if you know of a credit card that will accept me with bad credit please let me know. also give me some advice on what i should do and if getting a new credit card is a bad idea. thanks for all your help.

Technorati Tags: bad credit, bad idea, bankruptcy, check credit card, christmas, christmas shopping, credit card charges, lawyer, money, sky rocket, social security, towels, unpaid credit cards

My husband filed bankruptcy a few months back and we are looking into our options to rebuild his credit and I was thinking about a secured credit card but my dad says that’s a bad idea because the last thing we need is a credit card and if were gonna do anything we should go to a furniture store to buy a few things we need from there. What would be the best thing for his credit. I know he is going to get a high interest rate regardless.

Technorati Tags: bad idea, bankruptcy, dad, furniture store, high interest rate, secured credit card

Ten years ago I had to file bankruptcy because I was very ill and my medical bills went through the roof. The bankruptcy will be taken off my credit records at the end of this year. One of my creditors was a credit union and I did not want to include them in the bankruptcy but the lawyer said it was mandatory. I would like to contact the credit union and make arrangements to pay the debt I owe them so I can be a member again and because I still feel really awful that they had to be included in the bankruptcy. However, I’ve heard it’s a bad idea to pay off debt involved in a bankruptcy. Is this true? If it’s not true – when should I contact them? Before December or after December? Many thanks for the information!!

Technorati Tags: bad idea, bankruptcy, credit records, creditors, lawyer, many thanks, medical bills, year one

I keep reading about people and companies filing for bankruptcy these days. Particularly GM and Chrysler. What exactly happens when someone files for bankruptcy? People say that it’s something you want to avoid if at all possible, but I’ve also heard Bush say that it’s a good thing for the auto companies to do in order to reorganize their companies. Now I’m no Bush fan but there’s got to be SOME substance to what he said (maybe?) as his economic advisers are saying this is a good idea. Why does Bush say this is a good idea while many other leaders say it’s a bad idea?

I’ve also read comments from "regular" people who say that the Big Three should be left to go bankrupt and clean up their own mess. But that this would cause tons of people to lose their jobs.

I’ve looked up the dictionary definition of bankruptcy as well as the wiki page and I’m still confused. I need someone to give me a very simple explanation about what bankruptcy is and what is going on right now in the US. Please help me understand this!

Technorati Tags: auto companies, bad idea, bush fan, chrysler, dictionary definition, economic advisers, filing for bankruptcy, gm, jobs

I purchased a house with an ex, and needless to say things didn’t work out. When I moved out, he convinced me to sign a quit claim deed. I didn’t realize I was giving up all rights to the house without being released from my financial obligations to it. Now the house is in a foreclosure auction. I have no idea what this means for me. My credit was fantastic before all this business began, but now my credit score is plumiting fast! I’ve been told I should file for bankruptcy so that I can have my name removed from the mortgage, but I feel like that would be a bad idea. Is it really my best bet? What effect does this auction have on me? The ex refuses to talk to me at all, so I have no clue what’s going on besides what I can find online regarding the auction.

Technorati Tags: bad idea, bankruptcy, best bet, claim deed, clue, credit score, financial obligations, foreclosure auction, mortgage, what this means

A friend of mine who drew K in credit card debt is debating on filing bankruptcy. He is fully able to repay his debts to his creditors, and fear that he may be putting his future at risk. As many people know bankruptcy and going through with it takes a lot of careful thinking. My buddy is hardheaded and thinks the bankruptcy courts will be open to discharge 100% of everything. Not a bad idea if he owed 0K and in over his head…K is workable in my book since he has no real living expenses. Any ideas?

Technorati Tags: bad idea, bankruptcy courts, credit card debt, creditors, debts, fear, filing bankruptcy, living expenses, risk

I just filed bankruptcy myself today, I understood all the forms and did it myself. So why do people think that it’s such a bad idea to do it alone when you understand what you’re doing?

Technorati Tags: bad idea, bankruptcy

I filed for bankruptcy a few years ago & I have no intention of getting another one, especially for a company I will leave at the end of this year. My company is known to make you pay the balance yourself & then they reimburse you (usually 60 days later). I think this would be a bad idea since I doubt I could pay off the balance at the end of the month.

How do I gracefully get out of this delicate situation and find a solution that will not inconvenience them?

Summary
1) Bankruptcy filing makes high percentage rate & impossible to pay off in a month
2) I don’t plan to stay with the company long term
3) I have a convention I have to go to next week and I have to find a solution pronto!

Technorati Tags: amp, bad idea, bankruptcy filing, delicate situation, inconvenience, intention, percentage rate