Considering filing bankruptcy. Attorney gave me a paper to fill out stating evey thing we own. Right down to pets, and clothes. I did some research and found our state allows up to ,500 in house items to be exempt along with animals. I do not understand how they can even get by with asking you to list your pets as part of what you own, or your personal clothes. I may see such if you were raising animals for resell, or if you had real expensive clothing, or a movie star who some one else may want to say they own a piece of such and such clothing etc. But if this were the case those people would not be considering bankruptcy in the first place. As for the house items who makes the decisions as to what is exempt and what is not. I know my house items will not exceed the allotment in our state, but still I am curious about such.

Technorati Tags: allotment, bankruptcy attorney, clothes, decisions, filing bankruptcy, movie star, pets, raising animals

I have a put option on a homebuilder and am wondering what happens to the option’s contract if the co. declares bankruptcy and stops trading. I know that filing bankruptcy does not necessarily force the stock to stop trading but sometimes…thanks a lot!!

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We haven’t made any payments on it yet. My husband is the registered owner and his dad is the legal owner (since he cosigned), although we are going to ask his dad to register it in his name. We have only one other vehicle worth 00 and no other assets. We got the cycle to manage the fuel crisis since my husband has to commute, and we are barely managing right at the federal poverty level. I can’t imagine that any court would want to take and try to liquidate something that is still owned fully by the bank, right? We are filing bankruptcy because of huge medical bills that are way out of our range of ability to pay, due to a severe injury I suffered two years ago, which is in collections. We were served with summons a couple of days ago and are seriously considering filing for bankruptcy. Any advice would be greatly appreciated.

Technorati Tags: assets, collections, couple of days, dad, federal poverty level, filing bankruptcy, filing for bankruptcy, fuel crisis, medical bills, summons

Once I pay the house, car, child support and household expenses there is not much left over. I’ve thought about filing bankruptcy but right now i’m doing nothing. What’s the best course of action, do nothing and listen to the phone ring or file bankruptcy?

Technorati Tags: child support, filing bankruptcy, household expenses

I am 3 months behind to a small finace company and they said if i cant pay them something soon then they are gona collect my collateral i have listed on the account and if i dont have that collateral they will collect whatever they have to to pay off that account. Is this legal? I am filing bankruptcy but not til the new year.

Technorati Tags: collateral, filing bankruptcy, finace, new year

A relative is filing bankruptcy and is letting the house go to foreclosure in Indiana. He is moving to an apartment. Is he required to leave on any utilities in the house until its sold at sheriff’s sale? It’d be nice if he didn’t have to pay even the basic minimum utilities if he doesn’t have to. Thanks!

Technorati Tags: apartment, filing bankruptcy, foreclosure

I owe a LOT on my credit card bill (my minimum payment is 5/month) and my interest rate is 12%. Please understand that this has taken almost 2 decades to get to this point and it was unintentional. Anyways, I have good credit with a score of 771. I don’t want to ruin that by filing bankruptcy. I am wondering if there is an alternative where I can cancel the card, pay say /mo and not have interest accrue. I will pay til I die if I have to but I cannot afford this anymore. I know you can do something similar with medical bills, so I thought maybe there is something out there for credit card bills. If it helps, I am disabled and receive SSDI, so maybe there is a government program, I don’t know. Thank you for any/all suggestions.
Just some additional thoughts, what would trash my credit worse? Filing bankruptcy or debt settlement of some type as one person mentioned? Also wondering, if I just ceased paying or only paid the very minimum I could, and lets say they end up putting me in collections, etc., and let’s say they sue me for it, could they put a garnish on my monthly SSDI check? I don’t have any assets they could take (savings, house, etc).

Technorati Tags: 2 decades, assets, collections, credit card bill, credit card bills, debt settlement, filing bankruptcy, garnish, government program, interest rate, medical bills, minimum payment, score, ssdi

Sorry, I just don’t get it.
How can Trump keep filing bankruptcy, when he has his own TV show?

Technorati Tags: filing bankruptcy, own tv show, trump

I have a friend who works 2 jobs & her husband is also employed and they are filing bankruptcy. The thing that bothers me about it all, is that every time you turn around, they are going on vacation, and she is always taking money out of her investments to buy gifts and things like that, although they don’t pay their bills. If they are taking money from investments to buy luxuries and things like that, shouldn’t they be paying their bills instead? Won’t the courts see that kind of stuff happening? Will they not get in trouble for that being done?

Technorati Tags: amp, filing bankruptcy, investments, jobs, luxuries, money

I am working with a bankruptcy lawyer?? He is inexpensive, but he is asking me to pay the whole 00 before we have a meeting and go to court. Is this normal. I thought I would pay half and the rest after it is over with… How do I know if this is legit. I already gave him 0.
I realize I am filing bankruptcy but I have always been told never to pay the full amount of anything up front cause you can’t be sure you will be served.. Help to find out..

Technorati Tags: bankruptcy lawyer, filing bankruptcy

I was served yesterday legal papers that I’m being sued for less than ,000.00 by my creditor, first I’m unemployed, I looked up online and found a lawyer that charges 50 for filing bankruptcy, I need to know the best option and plus I don’t have any money! they only thing I own is my car which is been paid off, I know it sounds like a radical question but how are they thinking of getting paid by me when I don’t have any assets? are they trying to take away my only property which is my car? and plus I can borrow money from my mom( I’ve been living with her)(her salary is approx: ,000 annually)(since I’ve looked over the fact that they see if you’re living with someone they might take them responsible as well!)(so she can’t be because we’re already below the minimum salary rate) anyways my radical question is should I even get bother by it? I mean they can’t get anything off of me! I’m flat BROKE! my bank account is even overdrawn by thousands! and since if you’re answer is yes<< (you are being sued so start the PANIC ALARM) which is best? and do attorneys from nonprofit organizations do the same work as an attorney who gets paid some 00 ? (I mean if it’s him charging me because he will go to court and file my papers and stuff..)(hearing meeting is %100 me<< so I’m wondering to go cheap with it to prove to the court that I AM BROKE for real! or borrow money and pay the lawyer! which is best?
Thanks:)

Technorati Tags: assets, attorneys, creditor, filing bankruptcy, lawyer, lt, minimum salary, mom, money, nonprofit organizations, panic alarm, salary rate

My husband has been getting phone calls from a collection agency at work. The agent calls but when my husband answers he hangs up right away. They will leave messages but will not talk to anyone when they call and someone answers.

The supposed debt was from an HSBC credit card. We filed chapter 13 bankruptcy in 2006. The card application was dated April 2007. I would have never applied for a card after filing bankruptcy. We received a bill for a credit card from Orchard Bank which we had in 2005 and the account was placed on our bankruptcy case. So I contacted the attorney and he said to disregard the notice. We moved in 2007 and had problems with mail being forwarded back to our old address. We had electric, cable, insurance bills that were sent to our old address. I became concerned and called the providers. They told me that the bills were sent back to them with address unknown.
I almost had all my utilities disconnected and our insurance canceled. We also had problems with the postal carrier placing mail in wrong boxes at the old address.
I’m concerned that someone may have opened up an account with a pre-approved credit offer. We received letters from one collection agency and I contacted my new attorney and she asked them to verify the debt. They did verify the debt but it wasn’t a card that we ever had.
HSBC then sent it to another agency. Then this new one. I sent them 3 letters asking them to verify the debt. I have never received any bills, letters, nothing from them. Just the phone calls at work. I then mailed them two certified letters asking them to stop calling my husband at work and to verify the debt. This was 2 months ago. No letters but the calls are still happening.
I checked my husband’s credit report and found the old HSBC/Orchard card listed and a new HSBC card listed to it. Should I dispute the file to the credit agency? Another strange item is that the collection agent told my lawyer that we paid on the bill. This is all really strange. I would never send in a payment of only . Is this a way to get this off of my husband’s credit report and to get this agent to stop? Thanks.

Technorati Tags: address unknown, bankruptcy case, boxes, card application, chapter 13 bankruptcy, credit report, electric cable, filing bankruptcy, hsbc credit card, insurance, insurance bills, lawyer, mail, orchard bank, phone calls, pre approved credit

I am going to file chapter 7 bankruptcy and I have a joint credit card between myself and my son. What I would like to do is keep the credit card so I still have something for emergencies after I file bankruptcy. Do I have to list the joint account when filing bankruptcy? Because I would like to keep it open and keep making the payments as usual, and if I did list it could that effect my sons credit, even if he makes the payments, since he is joint on the account,?

Technorati Tags: chapter 7 bankruptcy, credit card, emergencies, filing bankruptcy

What is the key to Ford’s ability to keep afloat when Chrysler’s already filing bankruptcy and GM’s filing is inevitable? Is it the way the company is run? Is it the products? What’s making the difference?

Technorati Tags: chrysler, filing bankruptcy, ford, gm

My attorney told me stop payment as of that day we met and i did – should I contact my creditors to inform them of my filing bankruptcy or wait for them to contact me? Also I have never been late on any bill I have perfect credit but I have a huge tax dept from a previous year just 2 year ago and I drowing, any advise.

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I recently accepted a new job but had to take a huge pay cut. I can no longer afford to pay my credit cards and need to know how long I can postpone filing bankruptcy. Thank you

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Or can i making a little bit of payment for about a year before filing bankruptcy?

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I live in Arizona and I know that there are some special considerations for filing bankruptcy in the state. I have no idea how to navigate all of the paperwork and I don’t want to mess something up – does anyone have any advice on where to start?

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I am in ,000 in credit card debt and I have a student loan as well and I know it will take me forever to pay off all my debt so I’m wondering which is the smart way, filing bankruptcy or debt settlement? I really want to get my life back again and have a fresh start. Thanks so much.

Technorati Tags: credit card debt, debt settlement, filing bankruptcy, fresh start, student loan

Will filing bankruptcy stop any lawsuits and/or any current garnishments that one has against them?

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