Here’s my situation. I graduated from college in December 05 and believe it or not, I have not found a full time, good paying job yet. Yeah, I believe I just wasted money and energy on nothing.

Anyways, I’m working a part time job and make approx 0 a month. I have ,000 in credit card debt, most of which I’m still paying from when I was in college 3 years ago (books, food, so on) I have ,000 in student loans, ,000 in medical bills, and it seems everytime i make a payment, it goes to waste because the interests keep rising. I even pay more than the minimum payment. If a credit card is lets say minimum, I will pay about 5, but it’s still not good enough cause the interests will raise that back.

I can’t keep going like this. My credit score is crappy so I can’t get a consolidation loan to pay all of it all.

Would I be able to file for bankruptcy? I have tried everything to get out of debts. I don’t charge anything to my credit cards any longer, but it is still that bad.

What should I do?

Technorati Tags: 3 years, bankruptcy, consolidation loan, credit card debt, credit cards, credit score, debts, full time, good paying job, medical bills, minimum payment, money, part time job, student loans

My husband and I are currently living in an apartment and have been here for 6 months now. We have always paid our rent on time. We are now considering Ch. 7 bankruptcy and I want to know how that would affect our current lease? Do they typically run another credit report when they offer you a new lease? I’m worried about them finding out about our bankruptcy and kicking us out, but I’m told that most apartment complexes don’t run your credit again after they do so at the original lease signing so they wouldn’t know about the bankruptcy unless you told them.

I’m not happy at all about having to file bankruptcy, but I see no other option. A bit of background: My husband and I both have excellent credit scores (over 700) and we’ve always paid our bills on time. We have no problem paying back our debt, as that’s what we obligated to do. But I was laid off last year, have so far been unable to find a job, and my unemployment runs out in a few weeks. (unless Congress extends it and we know how that song and dance goes) We even moved to Washington from California when my husband got offered a job and I still have found nothing. My husband’s job is very good and steady, but if we have to live on his income alone until I am able to find a job, we would only really be able to afford our living expenses. Like many other couples, we need two incomes. I’ve considered and done a lot of research on debt counseling or Ch. 13 instead, but our monthly payment amount would have to be small, probably no more than 0/month, for us to be able to comfortably afford our rent, utilities, groceries, gas, etc. I don’t think a payment amount that low is possible, considering our combined debt is about ,000. (all unsecured credit cards) I keep coming back to Ch. 7 being the best option. I could consider filing Ch. 7 on my own if I’m able to, as all my debts are in my name and acquired before we got married a few weeks ago, and he could enter debt counseling for his debt. But again, his payment would have to be very low for us to be able to pay our living expenses on only his income. Discharging all of our debt and getting a fresh start seems like the best option. Does anyone have any advice?
In response to a previous answer, I was single when I was laid off and began receiving unemployment in May 2009. I just got married a few weeks ago.

Technorati Tags: apartment complexes, bankruptcy, ch 7, congress, couples, credit report, credit scores, debt counseling, debts, groceries, incomes, job, living expenses, new lease, song and dance, unemployment, unsecured credit cards

So I have bad credit my credit score is 458, I experienced with credit cards right when I turned 18 no one told me what kind of damage they could do I am paying the consequences now. I am 25 going on 26 and I am considering bankruptcy. I have sat down and reviewed my debts and I am thinking that I can probably pay some but they are old from when I was 18. The last think that hurt my credit the most was a car that I purchased and had to let go it was repossessed, and I am now being sued. I have been stressing out so much about all this I will outline what I owe below and I would like advise about what I should do file or try to pay things little by little. I live pay check to pay check am a single mother and only make 10.00 and I only work 30 hours to 35 a week because I have doc appoints for my son or he gets sick or I have to miss work because there was no school and I can not afford a sitter. So please give me some advise I am young but I have already ruined everything I know that
bankruptcy will stay on my credit for 10 years but honestly I don’t think anything else matters . This is what I owe
Credit card 2000 capital one
Credit card 1000 verizon
credit card 500 exxon
credit card 800 walmart
apt 2000
apt 2000
repo 5000
medical 5000
These are all rounded numbers and I don’t know if I can really afford to pay this I have to go to court concerning the car in may please help need advise
These are all cards that have been closed and are on my credit everything is on my credit. I don’t have a hs diploma or ged so it’s hard to find a better paying job. I have tried looking for a second job but no one can work with my hours I work 9-6 every day. My current bills are
rent 640
light 150
food 200 month
gas 40 week
and thats not including emergencies such as doctors co pays meds, and personal necesities
I do have family but they always back out on me I have learned that I have to do everything on my own and I can not count on anyone but myself. I have not tried debt consolidation because I thought that your debts had to be current and mine are not but I keep getting collection letter and calls I keep changing my number and it’s getting old because I dont know how these companies get my new number I don’t even have a regular cell it’s pre paid, and where I live now my mom got me the apt i’m just tired of all this

Technorati Tags: 10 years, bad credit, bankruptcy, capital one, capital one credit card, consequences, credit cards, credit score, debt consolidation, debts, doctors co, emergencies, exxon, exxon credit card, hs diploma, necesities, second job, single mother, verizon credit, walmart

I have in the last 3 years has a VERY significant decrease inincome and am seeking to file for Chapter 7 Bankruptcy. I have spoken with several attorneys who have all determined that I do qualify to file for Chapter 7… My question is this… Is an attorney required? What is the least expensive way to file for bankruptcy? I ask because the least expensive quote I received was approximately 00 which I cannot afford. If I could afford a chunk payment of 00 I think I’d be more likely to pay off my debts than to file bankruptcy…yah know? Anyone have any suggestions?

Technorati Tags: 3 years, attorneys, chapter 7 bankruptcy, chunk, debts

I’m an unemployed teacher and have just lost my car (my only asset) and am representing myself in my bankruptcy. My combined debts (assuming I’ll still owe about ,000 on my car once it sells at an auction) is approximately ,000. I do not have a savings and no longer have retirement accounts because I had to cash them out to cover living expenses. Twelve years ago I had to file bankruptcy and am concerned about how that will look to the judge. I worked to earn my college degree since then and was doing well when suddenly I found myself without a job. Any thoughts on that? My debts back then were fully discharged, and I’m hoping to file a Chapter 7 for another discharge of my debts. Here are some of my questions, any input would be appreciated:

1) Is there any kind of assistance available for people who cannot afford the filing fee?
2) Once I file, how long can I expect for the court date?
3) Does the online bankruptcy class that is required cost anything?
4) Can my 0 debt to the IRS (back taxes) be included or just the interest and penalties?
5) Any suggestions for someone doing this without an attorney?

I’ve done my research and am actively seeking answers to my questions, but there are some very informed and helpful people on this site, so for peace of mind I really welcome your input.

Thank you!

Technorati Tags: auction, back taxes, bankruptcy, chapter 7, college degree, debts, irs, job, living expenses, peace of mind, retirement accounts, twelve years

I have filed a Ch. 7 bankruptcy and my attorney told me of other debts that were outstanding that they could get rid of. I identified these debts for him as I did recognize them. If I didn’t file bankruptcy, my credit would have gotten worse. My credit score never went over a 666 because of this. Has anyone ever had this happen?

Technorati Tags: bankruptcy, ch 7, credit score, debts

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

I am confused about how the means test works for a chapter 7 bankruptcy. I make more than the median income in my area, however my debts are pretty large. My last 6 month’s income was about 29K, but my fixed monthly debts are around 4K. That is before food, gas, and all the other random expenses. In the past, I was making well above and beyond my monthly liabilities…but that number has gone down significantly due to circumstances out of my control. I am looking to file chapter 7 bankruptcy and have not been able to find helpful answers online so far. I am out of money and not able to pay my bills. Any help would be much appreciated!!!

Technorati Tags: chapter 7 bankruptcy, circumstances, debts, liabilities, means test, median income, money, test works

Like most Americans, I’m in debt. I’m a student with a part-time job and I’ve sunk into some pretty nasty debts. I have medical bills to take care of, as well as other other stuff. I’ve read a bit about debt consolidation and lots of sources say it’s pretty much a scam (you’re not eliminating the debt, you’re just moving it). I don’t think bankruptcy is a good idea.

What can a college student (undergrad) do to eliminate 00+ debt? Are there loan programs that just give you money and a few years before you have to start repaying it? Are there other alternatives?
I’ve decreased personal expenses to pretty much nonexistant. I don’t really buy clothes and food and such and all of my expenses are either medical bills, textbooks, or a monthly laptop payment.

Technorati Tags: bankruptcy, clothes, debt consolidation, debts, laptop, loan programs, medical bills, money, part time job, personal expenses, textbooks

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

O.k i filed bankruptcy about a week ago and I dont know how long it takes before my dischare meeting. Im desperate for a car? I had a previous car but it was reposessed by the bank about a month ago. My lawyer told me that if i go finance another car then at my discharge meeting they might not clear me from all my debts? Is this True? How soon should i wait to get a car becuase I am really in need of one. After my discharge or when i recieve the letter that my debt is cleared. Also my girlfriend is willing to finance the car for me, but wants to know that when i’m done with the whole "bankruptcy thing" will my credit be so bad that i wont be able to take over the payments. please any info is very helpful.

Technorati Tags: bankruptcy, debts, girlfriend, lawyer, quot

I purchased a vehicle about 3 years ago. After the economic disaster 2 years ago, I was devistated and unable to pay my debts. I am currently almost 2 years behind on my car payments, and all other debts such as credit cards etc. The only reason my car has not been repossed yet is because I soon moved to an undisclosed location so that I can return to college. At this point, I still have not been able to find a stable income to pay my debts. I’m certain that by now, my credit is already ruined. The fact of the matter is I need my car and turning it over is not an option; however, I can not go on forever without doing anything.

My question is… How can I keep my car in my current situation by filing bankruptcy? Could the debt be totally wiped clean, or would there be some alternative payment plan set up?
After checking, The auto loan was actually charged off by the bank one year ago. Before making any contacts, I need to know if it is possible to still keep the car.

Technorati Tags: 3 years, auto loan, bank one, car payments, credit cards, current situation, debts, economic disaster, fact of the matter, filing bankruptcy, stable income, undisclosed location

I just got off the phone with a lawyer in New Hampshire and his fee is 00 to represent me plus the fee for bankruptcy, does this sound about right?

Please don’t tell me to try credit counsellings or consolidating my debts, as I have already tried. I am not looking for someone to tell me not to do bankruptcy, I’m looking for someone who knows the costs involved. Thank you.

Technorati Tags: bankruptcy, debts, lawyer, new hampshire

I installed a garage door, for a women who was doing it for her boyfriend’s birthday. She gave me her bank card for payment. When the card was run there was insufficient funds. I tried contacting her only to find her mailbox full. When I repeatedly went to the home, to find no one there, I left the outstanding invoices with the applicable service charges. Then today, I receive a fax copy of my outstanding invoice.
She has written across it:
"Sorry, had to file Bankruptcy Ch 7 on debts. Will pay when able promise! Sorry again!" She also included the file #.
I have not received anything from the courts. What should I do?

Technorati Tags: applicable service, bank card, bankruptcy, ch 7, debts, garage door, insufficient funds, invoice, invoices, service charges

I am filing for bankruptcy, but my attorney needs to know the account numbers to verify. The problem is I haven’t touched those accounts in four years, they’re all charged off, and on my credit report it only lists some of the account number. How can I get the full account number so I can discharge these debts in bankruptcy?

Technorati Tags: account numbers, debts, filing for bankruptcy

I am 25, married, and own a small home. Due to very slow payment (I pay mortgage with student loan monies when they arrive), my house is going into foreclosure. I also have a lot of debt from medical expenses, and hubby has major debt (car, credit cards) from his teen years.

I have enough money to reinstate my mortgage without filing some type of bankruptcy. However, that would leave me with no lump sum of safety money. I do work, so I could feed myself – but I never seem to have enough income to pay for regular expenses AND my mortgage. So, if I don’t file bankruptcy and I catch up/reinstate my mortgage…I know I’m going to fall right back into the "non-payment" category again.

Is catching up my mortgage better than filing bankruptcy? What about the other debts that I have? How is credit affected?

(I’m going to grad school, so I have many years of being a poor college student left. I just need to know what I should do about my house and other bills in collections)
Husband is college student too. Together our income is still VERY tight on making all payments on time.

Yes we have cell phone – but no cable/internet/home phones. I don’t know what else to cut.

Technorati Tags: cable internet, car credit, cell phone, collections, credit cards, debts, filing bankruptcy, foreclosure, grad school, hubby, loan monies, lump sum, medical expenses, mortgage, poor college student, student loan, teen years

If you file for bankruptcy, are all your debts forgiven or do you still have to pay them back? How about Federal student loans?

If things pick up again and say after two or three years you get back to your old place earning good income, will you really have a hard time getting credit again even with bankruptcy on your record? And, can the old creditors come after the old debt?

Technorati Tags: bankruptcy, creditors, debts, federal student loans, hard time

My husband has lost his job due to illness. We didn’t receive ANY money for about 8 weeks and then his disability from work finally kicked in. However it is only 60% of what his pay was.

We now have to move back to our home state so we can be around family to help us with many physical things we can’t do. They are going to foreclose on our house and we have given our car back. They have sold our car but there is still a balance of over 00 owed. When we get to our home state can we file bankruptcy for the debts we owe in the state we currently live in?

The only income we have is Social Security Disability and a surviving spouse pension from my late husband.

Technorati Tags: bankruptcy, debts, job, money, social security, social security disability

I’m 22 years old and around 00 in debt. I was recently fired from my job, and have already missed a couple month’s worth of payment. I just recently went in for an interview for another job, but I’m having doubts that I’ll get it. My credit is poor especially since I had troubles a year ago when i was fired and took 2 months to find another job..

Anyway, I’m considering going back to college (I went before for a little while with money my Aunt gave me but eventually dropped out because I couldn’t afford paying for it on my own..) I would really like to go to college full-time but since I am already in debt and have no income I couldn’t really manage paying off my debts without having a full-time job.

I am considering bankruptcy as an option, but would I be able to file for it, and still get a student loan afterward?

Technorati Tags: 22 years, bankruptcy, debts, doubts, full time job, money, student loan

What happens if you file a chapter 7 bankruptcy and you don’t own any real property? No house, no valuable property, everything owned is the standard practical household stuff and the vehicle is financed. Is it possible to keep the vehicle? Can we still file without any property to liquidate? We’re keeping our heads above water but can’t begin to touch our debts no matter how hard we try.

Technorati Tags: chapter 7 bankruptcy, debts, household