I’m 27 and started a business when I was 20. I was making over 0,000 per year when I became sick. I lost my business and owe just over 0,000 to creditors for loans that were made to the business which I personally guaranteed. Because of my illness I haven’t worked in over 4 years and haven’t paid any of my creditors either. I’ve lost my house and my car (live with a family member), my credit is terrible and all I have left is ,000 in cash. Should I try and work out a payment plan to my creditors and get a job? Or should I file bankruptcy and just start fresh (I hate the idea of being ruined for the next 10 years) I’m also considering starting another business with the money I have but am not sure how to handle my debt problem first. The first business I started with only ,000 so I have enough money to start a business and don’t need any more capital or credit to do it. Please serious advice only. Thank you.

Technorati Tags: 10 years, creditors, debt problem, family member, job, loans, money to start a business, should I file bankruptcy

A family member in NJ wants to file, but doesn’t have the money for a lawyer.

Technorati Tags: family member, lawyer, money

So I’m considering filing for bankruptcy. Currently about 40K in debt, not including a house I purchased for a close family member but I don’t stay in. Tried to keep keep head above water but string after string of bad breaks has left me thinking there is no alternative. What could I expect if I do declare? would I qualify for bankruptcy? Would my financial situation be destroyed by doing this?

Technorati Tags: bad breaks, family member, filing for bankruptcy, financial situation, head above water

My mother recently inherited a sum of money from a family member that passed away this past year. She has told me that despite the inheritance she and my father will have to file for bankruptcy. She has no income and my father only get’s Social Security Disability checks in the amount of 00 a month which they currently use to keep up their home and vehicles. Can someone file for Chapter 7 bankruptcy in this situation?

Technorati Tags: chapter 7 bankruptcy, disability checks, family member, inheritance, social security, social security disability, sum of money

Im only 21 yrs old, just moved fom ny to atlanta in feb but i have alot of unpaid medical bills that my insurance didnt pick up that i cant afford to pay. I also had 2 credit cards when i was 18 and i maxed those out. Citibank is suing me for a loan i never received.i also have 3 different bank accts in collections due to id theft that wasnt fully investigated. and last but not least, i have a comcast bill that totaled to 00 b/c a family member used the phone to make international calls and refused to pay it and now lives out of the country. what kind of bankruptcy should i file if any?i have 1 car in my name that i pay the note on and my husband has a car that were paying the note on. Will my husband be included in this too?he has new credit but i know the link married people’s credit together. Someone advice…..please!!!!!

Technorati Tags: accts, bankruptcy, citibank, collections, comcast, credit cards, family member, insurance, international calls, unpaid medical bills