When To File Bankruptcy » filing bankruptcy

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

Does filing a bankruptcy cover a court ordered restitution?

admin — Wed, 20 Jul 2011 15:44:16 +0000

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???

Technorati Tags: filing bankruptcy, restitution, wages

What does filing bankruptcy do to your credit report?

admin — Mon, 20 Jun 2011 15:40:54 +0000

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

how to tell a family member not to spend money on vacation when money is needed someplace else?

admin — Sat, 28 May 2011 12:00:58 +0000

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)

Technorati Tags: brother, filing bankruptcy, hourly wage, lawyer, money, savings account, sister in law, south carolina, time off, wages

A friend of mine is on SSI and wants to file bankruptcy. Can he do this?

admin — Wed, 25 May 2011 15:40:41 +0000

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….

Technorati Tags: court fees, credit report, filing bankruptcy, ssi