My husband I are going to be in the process of filing chapter 7 tomorrow when I drop off our payment but had a question.. How will they tell which creditors to notify of us filing bankruptcy when we dont receive actual statements since most of our accounts were on paperless pay online type of things and when i log on they disable the accounts and ask to call them, and I cut up all the credit cards.. can they do a credit check and notify my creditors that way? I’ve never gone thru this before and curious how they would do that since we have sooo many creditors and hard to keep track of who we get statements from and who we dont thanks

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I am filing Chapter 7. My personal account does not show much activity. My business account shows sales of roughly 20,000 monthly however when I pay off the company that finances my inventory ( I do not own my inventory) It shows a profit of around 00 per month. Even though my profit is below the median income, will the large deposits arouse suspision on the part of the court. The large deposits are followed by large payments to that company that owns my inventory.

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I have ,000 credit card debt and i get lot of calls from collection agencies but i never pick up the phone and ignore the answering machine. I also ignore letters from creditors.

I will be filing chapter 7 bankruptcy within one week. Someone told me that if you ignore collection calls and letters, then they automatically pull the money out of your bank account.

So i withdrew all the money i had in my bank and keep cash at home. Am I over-reacting or do they really pull money out of your account electronically if you ignore their calls?

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Last year at this time my credit score was 750, but over the past year I have had some financial crisis and am very deeply in debt. I talked with a lawyer today and I understand the difference between chapter 13, and 7. My question is, other than the obviouse destroying my credit, how will filing chapter 7 affect me? Will I ever get a credit card again? Will I lose my atm/debt card? Will I be able to rent a house or apt after my foreclosure? Please, anyone who has any experience with this, any info would help.

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I have no income, between 20-25k in debt, and no assets other than my car that is falling apart. I feel that it will take me forever to pay off the debt once i start working again. Is filing chapter 7 bankruptcy right for me?

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Do people actually max out credit cards before filing chapter 7 bankruptcy? If so, can they get caught? and how?

What are some of the new bankruptcy rules?

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My mother and I both own a home (both of our names on the deed). I’m considering filing chapter 7 BK, and was wondering what will happen to this home we both own?

I (not my mother), have an equity loan on the home with a balance of k. The home is worth about k – k.

My question is, if I’m current on the payments when I file BK, can the home still be taken?

And if during and after the BK is discharged, and I’m still current on the payments, can the home be taken?

Thank you!

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My husband and I are considering filing chapter 7 bankruptcy. We rent a mobile home and are making payments on another piece of property outside of town where we are in the process of building a house. We still owe ,000 on the purchase of the land (original price was ,000). The house is partially finished and we are doing the work ourselves (foundation and walls are up). Would we lose this property or would we be able to keep it?

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I got two payday loans right before filing chapter 7 bankruptcy to help with the court chapter 7 filing fee. I filed Pro Se. The loans both totaled 0 dollars . Do I have to repay (or reaffirm )them since they were less than the 0.00? .Also taking the loans less than the 70 days of filing the bankruptcy . I did not know this before I filed . Only after doing research did I discover this.

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When filing Chapter 7 bankruptcy, if you check that you are surrendering your home to the bank, can they come after you for whatever is still owed after the foreclosure and re-sale of your home? Or is any debt associated with that mortgage discharged?

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I am filing chapter 7 bankruptcy pro se… I have never been late on a car payment and it is more than half way paid for. I need it for medical reasons…if I have never been late on the payment do I need to reaffirm it or keep paying the payments? thank you

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When filing Chapter 7 Bankruptcy yourself…. I understand some documents can be filed within 2 weeks. However just to get started itnitially …What are the prime documents needed to file Chapter 7 Bankruptcy yourself in MD? Is there a particular order the documents are suppose to go in?

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I’m filing chapter 7 bankruptcy and owe some back income taxes from 2001,2002 and 2003, was wondering if i could add them to my bankruptcy. Thanks

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I’m probably going to be filing chapter 7 around the Aug. 1st. I desperately need to buy a car when school starts in the fall around Sept. 1st. I don’t have to worry about my credit rating as my uncle will co-sign for me. Should I postpone filing bankruptcy till after I buy the car or go as I had planned.
Also, My uncle is requiring me to have ,000 as a down payment. I have 0 in a 401k plan at work which I want to liquidate which I wanted to use. Could this have consequences in court. What if i liquidate it and never report it.
PLEASE HELP?!?

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I will be filing Chapter 7 bankruptcy soon, and am trying to figure out if the ,000 I owe my University will be discharged. None of the balance is from student loans, or any other type of Financial Aid. It is from past tuition, bookstore charges, room & board, as well some other irresponsible charges to my Bursar bill. Thank you in advance.
To answer the answers below, I am actually in the process of choosing my bankruptcy attorney, but the last one I spoke with wanted to charge me 0 to look up that information, and would not include it in his normal bankruptcy rate.
As for the answer regarding student loans, NONE of the University debt includes any type of loan or other type of financial aid. Thank you for such quick responses though!

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I’m probably going to be filing chapter 7 around the Aug. 1st. I desperately need to buy a car when school starts in the fall around Sept. 1st. I don’t have to worry about my credit rating as my uncle will co-sign for me. Should I postpone filing bankruptcy till after I buy the car or go as I had planned.
Also, My uncle is requiring me to have ,000 as a down payment. I have 0 in a 401k plan at work which I want to liquidate which I wanted to use. Could this have consequences in court. What if i liquidate it and never report it.
PLEASE HELP?!?

Technorati Tags: 401k plan, consequences, credit rating, filing bankruptcy, filing chapter 7

I will be filing chapter 7 bankruptcy and I paid 00 to the bankruptcy lawyer. The attorney advised me that if I get any collection agency calls, I tell them to contact him instead of me talking to them.

So per his advise, I keep telling creditors that if they have any questions, they kindly contact my bankruptcy attorney instead of calling me. However, a collection agency named CFO financial says that they will still continue calling me for payment regardless of the fact that i provided them the lawyer info.

Isn’t this harassment? The collection agency clearly knows it I cannot pay and they know it I have retained a bankruptcy lawyer and they know it well chapter 7 is on the way. However they insist to call me instead of communicating with attorney. Why?

I am tired of telling them "to contact my lawyer" and they still keep ringing the phone a lot. Isn’t this supposed to be a violation of my rights?

It seems this collection agency is asking to be sued by the attorney for doing this. Why?
Also they seem very stunned that I have the ability to pay 00 to the lawyer. They kept saying, "are you sure you made the payment to the lawyer? are you aware the payment for the lawyer is more than what you owe us?"

They keep on pressing me to communicate with them, and the lawyer said never to open my mouth except to refer them to him.
abel, this is a useless answer. my lawyer has already pulled my bankruptcy report from all 3 credit bureaus.
cat dad: they have ignored my letter.
i mean NCO financial, not CFO financial.
should i let my bankruptcy lawyer know about this? or i should not bother him?

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I will be filing chapter 7 bankruptcy and I paid 00 to the bankruptcy lawyer. The attorney advised me that if I get any collection agency calls, I tell them to contact him instead of me talking to them.

So per his advise, I keep telling creditors that if they have any questions, they kindly contact my bankruptcy attorney instead of calling me. However, a collection agency named CFO financial says that they will still continue calling me for payment regardless of the fact that i provided them the lawyer info.

Isn’t this harassment? The collection agency clearly knows it I cannot pay and they know it I have retained a bankruptcy lawyer and they know it well chapter 7 is on the way. However they insist to call me instead of communicating with attorney. Why?

I am tired of telling them "to contact my lawyer" and they still keep ringing the phone a lot. Isn’t this supposed to be a violation of my rights?

It seems this collection agency is asking to be sued by the attorney for doing this. Why?

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We are filing Chapter 7 bankruptcy and want to discharge all unsecured debt, but we are current on home and car and will continue to make those payments. We will have to fill out a B240 reaffirmation agreement on these or just fill out the Chapter 7 Debtor intent form that says we will reaffirm?

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department store credit card? Are you still financially responsible? For instance, Mervyn’s is set to announce that they are going to close all their stores and file bankruptcy (I believe they are now filing chapter 11 after already filing chapter 7) and I happen to have a Mervyn’s credit card and owe some on it and was curious as to what happens.

Thanks!
That’s what I figured but someone told me different about another company going bankrupt.

Thanks!

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