When To File Bankruptcy » filing bankruptcy

Can a credit company take assets if I have retained an Attorney for bankruptcy?

admin — Mon, 06 Sep 2010 19:17:18 +0000

If I have retained an attorney and am in the process of filing bankruptcy, can a company still take your assets if they have recieved a judgement prior to your file date?

Technorati Tags: assets, file date, filing bankruptcy, judgement

Has anyone filed Bankruptcy?

admin — Mon, 06 Sep 2010 19:17:14 +0000

i just recently met with a attorney to file bankruptcy. I will be filing bankruptcy in January (that’s when my lawyer bills will be paid off). My attorney said that when i file, I will need 6 months of pay stubs, 6 months of bank statements, registration form and the last 4 taxes filed.
My question is, when they look at your bank statements, what are they looking for?
Until recently, I’ve been making purchases (not much), but I have stopped now. Will they deny me the bankruptcy because of the purchases?
Also, if I want to purchase something, should I just pay in cash?

Technorati Tags: bank statements, filing bankruptcy, lawyer, pay stubs, registration form

To Pay or Not to Pay? Reinstate mortgage or File Chapter 7 or 13?

admin — Thu, 02 Sep 2010 21:36:58 +0000

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

To Pay or Not to Pay? Reinstate mortgage or File Chapter 7 or 13?

admin — Thu, 26 Aug 2010 16:50:07 +0000

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)
SideNote to a response on student loans: Student Loan money can be used for any of the following reasons, not limited to: tuition, educational supplies, food, housing, clothing, misc. necessities / personal items, technology purchases (hardware & software), etc. My lenders are VERY aware of the fact that I am investing in my future by paying for current expenses with loans. Hence, the reason that most lenders always mention "housing or room & board expenses" and are very inclusive on those types of expenses.
——-
Forget to add: Hubby is also college student (not a bum in case you’re wondering).
——
Again, mostly just wanting to find out which Bankruptcy would be beneficial considering my other debt.

If I pay up the mortgage/reinstate – how long will it take of on-time payments to have good standing / good credit again?

Technorati Tags: amp board, board expenses, bum, car credit, educational supplies, filing bankruptcy, foreclosure, grad school, hubby, items technology, loan money, loan monies, lump sum, medical expenses, necessities, student loan, student loans, technology purchases, teen years, time payments

RE: Can a Navy Reservist file bankruptcy?

admin — Thu, 26 Aug 2010 15:40:15 +0000

I had a woman call for my fiance’ who is currently in "A" school and not due to come home until next month, regarding his debt….I kindly told her that he was going to try to take care of it when he gets home whether with bankruptcy or making payments…etc….but that he WAS going to take care of it…and she told me that military memebers were NOT allowed to file bancruptcy….??? He has a good amount of unsecured debt (credit cards, repossessions, etc) and in order to get ahead was planning on filing bankruptcy to more or less "wipe the slate clean.." so the conversation with this woman made me a little apprehensive….

Technorati Tags: credit cards, debt credit, fiance, filing bankruptcy, memebers, unsecured debt