When To File Bankruptcy » chapter 7

What type of bankruptcy should I file?

admin — Mon, 12 Sep 2011 16:49:25 +0000

Here’s my situation. I was on the top of the world before I even turned 21. I worked so hard to accomplish my financial goals of basically owning my own house and own vehicle before my 21st birthday. Some where down the road I got lost… The great job I had to get the house, I had to eventually step back from to take a slightly lower paying job that offered insurance. To make a very long, struggle-filled story short. I lost everything. And when I say everything, I mean everything. My then fiance` and I split, needing to find our selves again. My new job wasn’t what I thought it was going to be. I inevitabley lost my house, my car, and had to stop making payments on all my credits cards because I quit my job to move across country (with my now husband) who is an Active Duty Marine (now deployed ). I know this is all over the charts, but since my husband is now gone, this is giving me a lot of time to fix/figure out our financial situation. Since my credit score is basically at the lowest point possible now, which bankruptcy should I file for? How does Chapter 7, 11, 13 etc work? My husband does make a decent amount of money, specially being deployed now. But really only enough to pay the bills and pay down his credit. Any and all information on this would be great.
Thank you so much!

God Bless our troops! God Speed be with you. Hurry home!!
Thanks KMcG. Yes – I am aware of th 7-10 year rule with bankruptcy. We’re even considering staying in the military (boo) to bandage all our debt.

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Bankruptcy and how it appears on credit report?

admin — Sat, 03 Sep 2011 15:38:14 +0000

My girlfriend and her husband are considering on filing Bankruptcy, but wanted to know exactly how it appears on their credit report? He already has a Foreclosure, Repossesion and countless of other delinquencies.Anyway, when he files for Chapter 7 will all those deliquent accounts be removed and the only thing appears on the report would be BANKRUPTCY or will it still reflect those creditors in addition to Bankruptcy? I think it would but that’s just my guess anyway if anyone here has filed and saw how it’s reflecting on their report, please reply.

Technorati Tags: chapter 7, creditors, delinquencies, deliquent accounts, filing bankruptcy, foreclosure, girlfriend, guess, reply, repossesion

Has anyone every filed for chapter 7 bankruptcy? What are the consequences for doing this?

admin — Sat, 27 Aug 2011 13:31:53 +0000

I have a lot of debt and don’t make enough to pay medical bills off and such. Is chapter 7 the way to go?
Just so you know Jackdneverf, not everyone in this world has such a good life as you! When you have a job that has no insurance every time you go to the doctor it’s automatically 0. Don’t judge someone until you have walked in their shoes!

Technorati Tags: chapter 7, insurance, job, medical bills, shoes

How much can I expect to pay if I file bankruptcy?

admin — Wed, 24 Aug 2011 13:18:52 +0000

I have no property other than a vehicle and I live with a relative. Can they take that under Chapter 7?

Technorati Tags: chapter 7

Can someone keep work equipment in a chapter 7 bankruptcy in the state of New York?

admin — Thu, 18 Aug 2011 13:26:55 +0000

There is a utility trailer and some lawn equipment that is needed to keep the business going, would that be liquidated in chapter 7 or is work equipment safe? Chapter 13 plan is no longer feasible and there is consideration to convert to 7 but the work equipment must be preserved. Please let me know specific to New York State, because NY is always "different".

Technorati Tags: chapter 13, chapter 7, lawn equipment, new york state, utility trailer