My husband and I live in Alabama and initially filed chapter 13 bankruptcy 2 years ago. We have had to revisit our chapter 13 once to have the payments reduced and surrendered our home and a vehicle in the process. I am no longer employed and we have lost about 20,000.00 in annual income, that puts our total income at less than 35,000.00 per year. I have returned to school under a pell grant and it is just enough to cover tuition and books. I contacted our bankruptcy attorney’s office and sent them the paperwork showing the change in income and a letter from my previous employer. We had to send it certified because they claimed to have never received it by fax or email. We want to convert to a chapter 7. We are renting a home, my husbands work has slowed to a crawl, the bank has yet to take possession of our house that we surrendered, we cannot make our bankruptcy payment and I cannot get anyone from the attorney’s office to call me back with any answers. Would it be a bad idea to fire this attorney and start again with a new attorney? Or is it just the way things are? It took us nearly a year to get our first chapter 13 revisited and at this rate we are going to be in huge trouble if we can’t get something resolved. I might even have to cash out the little 5000.00 I have in retirement. ( I am 45 years old). Any advice. I cry every day.

Technorati Tags: 45 years, bad idea, bankruptcy attorney, chapter 13 bankruptcy, chapter 7, paperwork, pell grant, possession, renting a home, retirement

Some of my dads retirement just ran out and he is in danger of losing his vehicle

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I am unemployed, 50 yrs. of age, no money in the bank, no savings, no retirement, no job. How can I save myself from this mess?

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I am beginning to regret going to college, it seems the only thing I have attained from it, is debt. When I went to school I was allured to the dream of being an airline pilot. I finally got my pilot’s license, but it got to expensive, so I switched to Aviation Management. I am so depressed and mad at myself for letting this happen, and it seems like there is no way out. A few times I forgot to fill out the FAFSA so I had to take out loans to cover the expenses, or I was late getting it in and got no money.

Here’s where I am at:
1 Loan for ,000 (Monthly Payments of 476/mo); 1 Loan for 620 (Monthly Payments of 128); 1 Loan for 00 (Monthly Payments of 50), and Credit Card Debt of about 00. So I have loans totaling 420.

I also have a car payment, cell phone, however I pay no rent, but my grandparents will soon be asking for that.

I just got a new job that pays me 000 per year. So if I don’t put anything into savings I can pay off my loans in about 4 years, however when you begin to figure in my other expenses it’s more like 7 years.

Consolidation is not really an option, because the 000 is an “Education Alternative Loan”, it’s not a federal loan. The 00 loan is a no interest loan. And the 620 is a direct federal loan.

-My dilemma is that, I have a girlfriend that I want to begin a life with. I wish to get an apartment with her maybe in the next year or so. And I want to marry her.

Situation 1- Do I put no money into savings and just tackle the loans head on? I will have no money for retirement or a down payment on a house.

Situation 2- I put some money aside into savings, and it will take longer to pay off?

Situation 3- Declare bankruptcy if I can?

I apologize for this taking so long, but I don’t know what to do. Thank you for your help.

Technorati Tags: airline pilot, apartment, aviation management, bankruptcy, car payment, cell phone, consolidation, credit card debt, dilemma, education, fafsa, federal loan, girlfriend, going to college, grandparents, interest loan, loans, money, new job, retirement

Is it just as legally accepted as paperwork filed directly from a lawyer? I don’t have anything I need to reaffirm, no investments/retirement, or other income other than my job, so it’s not going to be difficult.

Given the changes to the bankruptcy laws from back in 2005, do I have to get a lawyer now for this, or can I fill out the forms guided by the software and then file?
I’ve got nothing to dispute. Someone stole my card numbers and rather than working with me and the cops, they sent it to collections. I heard nothing for 2 years. I didn’t get a bill, not calls, nothing. Now they’re trying to sue me and a lawyer told me bankruptcy would be my best option.

I just don’t have the 00 to hire an attorney to fill out paperwork. Other than that they don’t do much.

I don’t have a problem doing the paperwork, I just want to know if using the software will give me the proper paperwork for filing….

Technorati Tags: bankruptcy laws, card numbers, collections, cops, investments, job, lawyer, proper paperwork, retirement

Someone please give me a good argument for bailing out the big three when, for years they have all chose to export their work overseas for cheaper labor and by doing so put the American worker out on the street. I believe they should file bankruptcy just like you and I would if we didn’t know how to manage our money. No different.
As I read your answers, here’s my two cents. Give that bail out money to the American auto worker. They have to accept a retirement. The big three will hire a whole new generation of worker, for a more fair wage. The retires will go out and buy the product they built for years. Problem solved?

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Unfortunately, my mother is in the process of filing bankruptcy. Now my question to all of you is, how do we adjust our life without credit cards? Also, in the midst of all this, how should she start saving money for retirement? Any helpful tips will be greatly appreciated.

Technorati Tags: credit cards, filing bankruptcy, helpful tips, midst, retirement, saving money