When To File Bankruptcy » getting a job

HELP!! Should I file Bankruptcy????

admin — Wed, 10 Feb 2010 04:49:02 +0000

Ok, Just people who actually know about this answer. And no smart answers please. I’m 19 years old and have about 18,000 in debt. When i was 17 .. a company sent me a credit card although i was under age with a really high limit, I don’t remember applying for it but obviously the birth date must of been incorrect. I always paid everything on time and had a credit score of 734. A few things happened and i fell behind. Now I’m paying one of the credit cards which is 350 a month. Plus car payments and all. I’m worried that i won’t be able to file bankruptcy because of that credit card, what if they have the wrong birth date? What will happened? Because that would be illegal right?. I need some sort of debt relief program. Any suggestions??

** IF I FILE BANKRUPTCY , HOW LONG BEFORE I CAN BUY A HOUSE? HOW LONG WILL IT TAKE ME TO REPAIR MY CREDIT. HOW LONG UNTIL THE BANKRUPTCY IS REMOVED FROM MY CREDIT?? AND ALSO DOES IT AFFECT ME GETTING A JOB, GETTING INTO SCHOOL OR ANYTHING???

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Is bankruptcy so bad? How hard is it to get credit cards or loans after a bankruptcy?

admin — Tue, 15 Dec 2009 09:48:43 +0000

I don’t want to file bankrupcy, but I have been unable to find a decent job for the past 8 months. I’ve had to use my credit cards for things like groceries and gas. I can no longer make my minimum payments, although I can pay a small portion. Further, I have been accepted to graduate school but I might not be able to afford it unless I file for bankruptcy or only pay a portion of my minimum payments. I have researched bankrupcty and the alternatives, but it seems so hard to get objective advice. Most information sources have a vested interest in the topic. Some claim that a bankrupcty will make it impossible to obtain future credit and prevent you from getting a job. Others claim it’s not so hard to get credit cards or loans. I know a bankruptcy won’t be fun, and I feel terrible to be considering it, but I’m wondering whether it’s really as bad as everyone thinks it is. Can anyone give me some advice or direct me towards an objective source of information? Thank you.

Technorati Tags: bankruptcy, credit cards, decent job, getting a job, groceries, information sources, loans, minimum payments, objective advice, objective source, small portion, source of information, vested interest

Can I Bankruptcy to be rid of a house I cannot afford, but still keep my car?

admin — Sun, 11 Oct 2009 23:25:32 +0000

I refinanced my house through Ocwen in 2002 just before a major surgery to help with cost that I knew I would incur during the no work time. They told me one thing on the phone and when it came to signing, the paper work was nothing like what they offered me on the phone, but at the time is was only one week before surgery so I went ahead and signed. Since then I struggled and finally last year I was able to pay off my 2nd mortgage and all credit cards. The only bill left was the mortgage, since I paid off my vehicle the year before. November of last year I was in a bad car accident that totaled my vehicle. After receiving the check from the insurance company I purchased a used 2008 Dodge Advenger for 15,000 with 6,500 down on a 36 month loan. (Trying to stay debt free). Well December comes in and on the 2nd I was informed that layoffs would begin that week and sure enough two days later I got the call not to come in. This was a big surprise, since my company received records profits just the quarter before. Anyway I feel really bad, but I just cannot handle the mortgage payments anymore and I have tried everything to get the mortgage company to do something. They say I do not make enough for them to be able to help me. I am currently spending three hundred every month more than I am bringing in. My savings is now gone and starting to use credit cards again. And at this point I have a good chance of getting a job outside of Michigan, but if I do get the Obama modification I have to stay here with no hope of a job. Things just look worse at my company each month.
Will I be able to keep the car even though there is some equity in it? And can I let the house go this way with no reprecussions? I feel bad, but I also feel they took advantage of me when I was in a bad situation. And I have had the house on the market for over three years with not even a glimmer of hope. Thanks in advance for any and all advice. For those who like to talk down about people that file bankruptcy I pray you never find yourself in this situation. Current situation:

House owed 99,500 value about 105,000
Car owed 7,000 value about 15,000 (kbb)

Technorati Tags: 2008 dodge advenger, bad car, bad situation, bankruptcy, car accident, credit cards, dodge, getting a job, glimmer of hope, good chance, insurance company, layoffs, major surgery, mortgage company, mortgage payments, ocwen, profits, reprecussions, thanks in advance, work time

Can bankruptcy hurt me when applying for a job in accounting. I am an accounting major and may need to file?

admin — Thu, 13 Aug 2009 04:20:25 +0000

I am paying for mistakes I have made in the past. Am definately smarter with money and am going to college for accounting. I may have to file bankruptcy but want to make sure that it will not keep me from getting a job in the field of accounting after graduation or from earning my CPA.

Technorati Tags: bankruptcy, cpa, field of accounting, getting a job, going to college, graduation, money