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.

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My wages are being garnished by the state as a result of me falling behind on this court ordered restitution….would filing bankruptcy eliminate this???

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A non professional gave me the advice of filing bankruptcy for debt i have totaling 00. His argument was that with these debts that i have are obliterating my credit score anyway and that bankruptcy wouldnt be any worse. Is this true? What does filing bankruptcy do to your credit report and would it damage it more or less than leaving these debts sit as i do not have the money to pay them off at the moment. Thank you for reading and any help.

Technorati Tags: credit report, credit score, debts, filing bankruptcy, money

My family is not the best with money. But somehow I made it through with a decent understanding of the income/spending ratio.
Anyway, my mother is filing bankruptcy, but the lawyer wants 1200 to do it. Her wages already being garnished, she can’t save up the money so it has fallen to her 3 children to do it (because we care). I have a little in a savings account, and my sister has a bit, too. My brother agreed to help out also.
I figured this would be handled in less than a week, but that was 2 weeks ago. Now I get invited along ON VACATION by my sister in law. My brother’s family is going to South Carolina for a week.

Am I crazy, or should this whoole thing already be resolved before the 1st of the month when rent is due!?!?
I already declined the vacation, telling my sister in law that money is tight and I can’t take that much time off work or I won’t be able to to pay all my bills. (I work an hourly wage)

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He has a lot of old credit that he has tried to pay off, but with the interest it is just not going anywhere. How does he go about filing bankruptcy with him being on SSI? He owes about 12,000. What are the steps, such as filing in court, getting a credit report to ensure all have been included and so on? What are the court fees? Thanks….

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I need to file for bankruptcy and then want to concentrate on saving to buy a home. How long do I have to wait to buy after filing bankruptcy?

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My husband and I have decided to file bankruptcy. We are in the process of getting all of the account numbers from the creditors that we owe, however when we called one today they would not cooperate with my husband. They said they would only give the information to our attorney. N they also said that since we have no money to pay them they will persue legal action. We have been doing research regarding bankruptcy and read that once we file bankruptcy that none of the creditors will be able to contact us anymore and if legal action was taken towards us then it would have to stop? Is this correct? We told the lady that is fine we are filing bankruptcy but she said that will not protect us if they file legal action first. Should we have done soemthing differently? My husband started to call creditors and everytime we ask for an account number or address they always want to know why. He would tell them that we were filling bankruptcy. We are going to meet with an attorney today.

Technorati Tags: account numbers, creditors, doing research, filing bankruptcy, money

have been laid off for a while. I have a personal loan, phone bills and about four credit cards. All my credit adds up to about 20k. I just got a new job and I am making about 2400 a month. My rent is 600 a month and I have about 200 monthly bills. All my credit went into collection agencies. Does anyone have any advice…Its not so easy just to pay it off because of my other expenses and settlements usually require 2 or 3 payments to pay off the whole debt. My loan alone was 8 thousand dollars. I want to pay all this off. Can you please give me advice how to pay it all off and than gradualy how can i rebuild my credit. Another option is bankruptcy…I live in New York. If I do bankruptcy, how bad would that affect my future. Also, would it affect me inheriting a house? Would it be a good option? I know it stays on my credit report for 10 years but can i still build credit after filing bankruptcy and how soon? thanks.

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I live in California and my husband and I are in the process of filing bankruptcy. It hasn’t been discharged yet. Can we buy a car with cash before the bankruptcy is discharged or do we have to wait until it is discharged?

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Here is the situation, my wife and I are married and she is petitioning me to be a US citizen. We filed I-485 (Application to Register Permanent Residence or Adjust Status. USCIS send me a letter that requesting us to submit I-864 Affidavit of Support. I used my wife and one of my close friend to be my sponsor but their income does not meet 125% of poverty line (which is about K) since they are both students and do not make that much. We are really stressed out because it seems no one could help us. Is there any alternative way to find an sponsor? If I can provide a statement from my employer that showing that my estimate annual income is above the 125% of poverty line, will that help?

Also,my wife’s parents agreed to help us but they are also in the process of filing bankruptcy. Will that affect their process? From what I know, the I-864 is an agreement between the sponsor and the US government saying that if the immigrant (Me) can’t not support himself and need to take social welfare. The government may ask the sponsor to pay for it. So in theory, as long as I have a job that can support myself. it should not affect their bankruptcy process right?

Please help. Thanks
Thanks for the quick response. What if my 2010 adjust gross income doesn’t meet K. I’m getting a new job that pays much better (around K). Will a company statement from my employer shows that my estimate annual income help???

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I have paid some of my debts, however, I have reached a point where I have no other options that’s why I’m filing bankruptcy. If you have advice, or if you have filed share your knowledge, thoughts, etc.

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My wife has a disorder where the pathology is such that they are serial cheaters and liars in many of them and they will bring on their abandonment with self-sabotaging of the marriage due to irrational fears fo being abandoned in the first place. She has no healthy fear of consequences the way her brain functions and has engaged in risky sex with my coworker and even public sex. I know someone will say that i took vows like "in sickness and in health" and "til death do us part", but there is no cure fo rthis and often relapse with all known treatments.

She has Borderline Personality Disorder, and she took a vow to "forsake all others" and has cheated every couple of years of our marriage and smears me to people. Since she has been diagnosed, her therapists have shown her that she is mostlikely the root of most of her problems. She has destroyed an otherwise decent and functioning family. She acts much as though she has multiple or split personalities.

I have given her 22 years of my life taking care of her and her mother who had it too. Her mother was highly abusive to our marriage and very selfish. I have lost a fortune in real estate due to her selfish impilsive spending and are filing bankruptcy. How much should someone endure when only one has upheld marital vows and the other has been a raging, violent, serial liar and cheater?
Breaking the marriage would help me of course, and it could help her to realize consequences and stop making the same mistakes over and over and learn to appreciate her family and not destroy it. It will both help and hurt our children as being around her full time is toxic, but so is being 10 and 12 years old and having your parents divorce and for her to impulsively date, move in and marry men on a whim. She will devote the rest of her life, even after she married another, to making my life hell as i am her icon of abandonment that left her though Borderlines more often than not bring this on themselves. To answer your question better, HackDon, this disorder is famous for being a no-win situation for the family members.

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I have had a troubled life, starting with my awkward teen years, being a teen mother then losing custody of my beautiful daughter which led to a 10 year drug addiction. I have been married twice and I am in the midst of filing bankruptcy for a second time. During this time I have tried to end my life out of despair. I am in my 30’s now and I have successfully got myself off of drugs on my own, without professional help. I have gone back to school and next Friday I will graduate from a technical school. I cannot find work in my field and I am increasingly getting depressed with each day. I think about how I have nothing. I live in my boyfriends house and I frequently get reminded that this is HIS house, which I already know. It just hurts. I feel like I belong nowhere at all. My daughter is almost 16 and she wanted to move in with me from where she lives many states away. That fell through and I cant stop thinking about how I have missed out on everything in her life. I am penniless and I can’t even buy my own shampoo. I am sick of people having to help me financially. I feel so alone. I don’t know why I bothered to make my life better. I should just use drugs again because at least I didn’t have to feel the pain when I was high. I need a break and I never can get one. I hate life and I am starting to think its better to be dead. I have nothing and lost everything. I will never have another child so I never will know what it is like to be a mom. I have missed out on everything and I think I want to die now.

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I’m filing bankruptcy, what kind of information can an attorney find out about you online?

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I am ,000 in debt from 3 different high interest credit cards coupled with being dumb and naive when I got them in my teens. I am 29 now, a single mom living in California, in the poverty income level without any assets. I don’t use the cards anymore but I still pay the min. balance on time–I just want the debt gone and wouldn’t be too proud about filing bankruptcy. I heard I should I get the debt consolidated but how the heck do I go about doing that? I’m not too clear about how that works and there are so many gimmicks and 1-800 #s advertised that I don’t know where to go. I live in California– specifically in San Bernadino County if that helps.

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My ex-husband went to Auto Finance School while we were married. He was trying to better his opportunities to make more income (didn’t work).He had horrible credit so when he applied for a student loan, he was required to get a co-signer…me!
So since the divorce I filed bankruptcy and included this loan because it turns out it was a private loan that was issued by Sallie Mae. From what I have heard MOST student loans are not dischargable unless you can confirm that the loan was for a non accredited school…I am willing to fight this but I need to know what I am up against. I do not believe this school was accredited. For those who are going to say I shouldnt have co-signed, please save your time…I know the how a contract is enforced. I am a single mom that should not have to carry the burden of his failed responsibly. I handled the financial diaster from my divorce by filing bankruptcy and getting my debt discharged. I am asking if I am correct in fighting the loan based on the accreditation. I am looking for someone who knows bankruptcy law to answer on this subject. Thanks!
I am 90% sure this school is not accredited but I’m not going to take Sallie Mae’s word for it….how to I confirm a school’s accreditation?

Technorati Tags: accreditation, accredited school, auto finance, bankruptcy law, diaster, divorce, filing bankruptcy, finance school, private loan, sallie mae, single mom, student loan, student loans

I know Chrysler closed all it’s plants during bankruptcy period, is GM going to? and when does it start? tomorrow. How long did Chrysler wait before they idled their plants after filing bankruptcy?

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I am really considering bankruptcy but since it is a major decision, I would really appreciate some feedback from people. Heres my situation:

1. I am 22 years old (23 in 10 days, 33 years old when this is all over)

2. I make ,000 annually at the most

3. I owe ,000 in credit cards from cash advances which I used to pay my mortgage

4. I owe 0,000 for owning my home and pay 00 a month for mortgage (I’m paying interest only, nothing on the principal; 2 loans by the way) not including utility bills

5. I receive 00 from my room mate to pay my mortgage

Now with all these facts given, is it worth filing bankruptcy and having it last 10 years on my credit and finally having some peace of mind? Or, or, should I just get a second job, stress out, struggle my butt off to pay the mortgage and credit cards on top of that, and hope that the real estate market changes in a few years in order to get a refinance to lower my payment?

What do you guys think? Thanks!
Please note:

If you must know, I went into this predicament thinking that 2 other room mates were going to help me pay for the house, but they took off and left me by my lonesome self.

The house is entirely under my name.

Also be aware that bankruptcy lasts for 10 years before it completely clears up on my credit (or so I’ve heard).

Utility bills range from anywhere from 0 to 0 for me, depending on the season.

It just seems more reasonable to give it up now because if the real estate market doesnt pick up in a few years, all that money, effort, and most importantly time will be lost to something that never really was going to pay off in the long run.

Yes, I have been paying the house on time but keep in mind that I’ve been only paying interest and I still owe and will continue to owe the same 0,000 unless I start making payments that are close to 00 a month, which is just, simply impossible for me.

The principal has not gone down at all!
*****On the second detail of paragraph i said 0,000. Sorry, I meant to say 0,000. Sorry for the confusion.*******
****ONE LAST THING***
Having to pay that much money a month is very stressful, especially trying to come up with the money. I really cant take it anymore. I just want to go to college and study and get an apartment and just get away from all this debt that unfortunately I have got myself into. Trying to come up with 00 a month is not easy and it takes a toll after a while, especially when you cant afford it. THAT IS THE MOST IMPORTANT REASON FOR ME FILING BANKRUPTCY, getting my life back.

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ok, My mother in law only makes 8100 a year. She earns this money from a death pension from when her husband died. She owns her home which is woth nothing, owns a car prolly worh about 1500. She owes about 20k in credit card debt. She uses it to buy food and medication because of her diabetes and is left with nothing every month. She spends about 400 a month on these three cards. So it’s just a viscious cycle of making the credit payments so she can buy her meds and food and pay her electricity.

To be honest, I don’t even know if it would be worth her filing bankruptcy or just stop paying the bills. I told her to stop paying them starting January, because she just can’t afford it.

I guess bottom line, can she stop paying her bills right now for a couple of months if we have to find an attorney to file or should she just stop paying them and dealing with the collection calls? I was gong to do a cease and desist letter to the three companies so they wont call or bother her. She just cana’t make it. She’s not going to sell her house, she’s 62 so a lien or judgement on house wouldnt matter, and she meets the means test.

Her three cards equal about 20k in debt. And they havne’ t been used for luxary items of course.

But is it true that they could not garnish her bank account or death benefit pension?

Please any information would be helpful. She cant make it and it’s hard for her.

Thanks in advance
**** Extra details. The Death annuity is a civil service retirement thing. He died when he was 35 and it that is the amount of what his ritirement would have been at 35. so that is what she gets and has for the last 35 years. She’s not a smart woman and doesn’t thnk of counseling hense why I’m asking you guys.
Reading FTC, it says retiremenet is not garnishable, and survivor annuity. But don’t know if it’s one or the other. Its just his retirement that he would have gotten at that age when he died.
So…..should she even file? Is it garnishable? She can’t take it out fo the bank…it comes from the US Treasurey.

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Okay so I am a correctional officer right now, working on my degree online in criminal justice and i turn 23 next year, which are some of the requirements i have heard of to become an FBI agent. The problem is that I got divorced about a year ago and my ex husband left me with about 3 credit cards that were maxed out at the time, I cant afford to pay them, one of them is 00 alone, So when i get taxes back next year i am thinking about filing for bankruptcy. I read that to be hired into the FBI you have to have a credit check. So will filing bankruptcy hurt my chances of being considered for the job?? Please only answer if you know the answer, I really need to know!! Thank you so much!!

Technorati Tags: correctional officer, credit cards, credit check, criminal justice, degree online, fbi, fbi agent, filing bankruptcy, filing for bankruptcy, job