When To File Bankruptcy » stay at home

Want to buy a house. Married. He has bad credit and I have good.?

admin — Mon, 16 May 2011 14:27:08 +0000

My husband and I want to start the process of buying a house but we’re afraid that his bad credit will ruin our chances. We recently got married within the year and I have a credit score of 672 and his is probably really bad. He had a lot of debt (about ,000+) from when he was 18 and stupid but now he’s 30. He never paid back a single dime and they just stopped calling. So, I’m guessing the creditors wrote it off after so long but I do know that it’s still an unpaid debt on his credit report. And I know that’s horrible. I’m a stay at home mom right now so I have no income, we live solely on his income, which is a pretty decent amount. I guess I have a couple questions. Should he file bankruptcy? If not, what would you suggest? And, would anybody give us a mortgage with his bad credit? Would they include my credit in the mortgage? Would it help?

Technorati Tags: bad credit, bankruptcy, buying a house, couple questions, credit report, credit score, creditors, mortgage, process of buying a house, stay at home, stay at home mom, unpaid debt

My attorney said when I claim bankruptcy, that my bank accounts wont even be checked?

admin — Wed, 30 Mar 2011 19:14:27 +0000

I am claiming bankruptcy for my credit card debt of 7,500 dollars. I am a stay at home mom now with no income. They are starting to sue me. My name is on my boyfriends checking account so I can pay the bills, buy diapers ect. He shares access to his money with me, we live together with our 1 year old daughter.
I do have a personal savings account. For years, it has had 4k in it.. in case of an emergency. When i discussed this with my attorney, he said the bank accounts never get checked. They look at my income for the past few years, which is tiny or none, and go off the bills and how much is coming in (which is negative after his pay and what money goes out for bills). He said with such a lower end case like this, with my boyfriends small income, they wont even bother to check bank accounts or savings accounts. Originally, I had thought to close my savings, and move it to another bank. He said nothing will happen and they wont check it, but if it puts me at ease, I should move it to a different bank. Any opinions? and is he correct, that no one will actually care enough to check our bank accounts>?

Technorati Tags: boyfriends, checking account, claiming bankruptcy, credit card debt, diapers, money, personal savings, savings accounts, stay at home, stay at home mom

How should I word an answer to a summons/complaint?

admin — Mon, 14 Feb 2011 19:13:18 +0000

Hi.. I recently was served with a summons and complaint that states I have twenty days to respond to it in writing to the court or I will be faced with a default judgement. I have looked up alot about this online and found out that in my state (indiana) I can file a "Motion to dismiss fo failure to comply with rules" if the plaintiff did not have a contract written instrument not attached to the complaint and summons, and it did not. I still need to call my court here in my county to be sure that it is the rule before I can try this though. I need to know how to word my answer if I would go with this route and if even if I dont I still have to answer to avoid the default judgement. I know that I need to go through and deny each complaint that is numbered on the sheet but I do not know how to word it exactly. The reason that I am being sued in the first place is because my b/f and I had a couple credit cards that I was a joint on with him. He was always the one responsible for making the payments. He ended up having to file bankruptcy, and once the case was discharged it automatically made me the one responsible for the amount. I have no way of making any kind of payment on it at this time. I have been out of work since 2007 when i found out I was preg with my daughter and i have been a stay at home mom since. So i know that the judge can not order for any kind of wages to be garnished and I do not have any assets for them to take, so most likely its just going to be on my record and if I would get a job or any money withen the next ten yrs or so id have to pay it then. Do I need to deny the complaint in my answer even though I know its true .. or will the judge just order me to pay it then because he wouldnt have been able to hear my story or i guess situation? The complaint states that 1. The defendant is indebted to the plaintiff int he amount of ***** plues accured interest of **** as of jan 2010.
2. Venue is proper with this court and based on the defendant residing in **** County.
3. The plaintiff owns and is the holder of an acocunt due and oweing by the defendant, and is the asignee of Elan/ Mainsource bank.
Wherefore the plaintiff respectfully requests the following relief.
1 Judgement against the defendant in the sum of ******* plus accured intesest of **** as of jan 2010
2 Interest thereon at the rate of 8 percent per annum from jan 2010 , and 8 percent per annum from the date of judgement , until the judgement is satidfied.
3 For plaintiffs costs herein expended
4 For any and all other relief to which the plaintiff may be entitled pursuant to contract, statute. or common law.

Technorati Tags: assets, bankruptcy, complaint states, couple credit, credit cards, default judgement, defendant, failure, job, money, plaintiff, state indiana, stay at home, stay at home mom, summons, twenty days, venue, wages

Under Chapter 13 Bankruptcy for the past 2 months, and wondering will they keep my tax returns?

admin — Mon, 06 Dec 2010 21:38:26 +0000

My wife is under Chapter 13 in her name, and files taxes for only herself. I’m a stay at home dad. Anyways, we have so much to do with our tax returns such as get clothes for our kids, pay on some utility bills, home improvement things..etc. When she files her taxes, will it all go to bankruptcy or will she get the full amount she should receive? The bankruptcy payment has been getting garnished out of her check weekly, and we are not behind in that……just hate to know they will take it all when we have some important things to do with that extra money. Please explain this to me!! Thank you!

Technorati Tags: bankruptcy, chapter 13, clothes, extra money, home improvement, important things, stay at home, stay at home dad, tax returns, utility bills

I have bad credit, and need to file bankruptcy.?

admin — Sun, 29 Aug 2010 15:42:18 +0000

It’s really bad, and it’s not from me being irresponsible. But I was diagnosed with a heart condition when I was 20, and didn’t have health insurance. I was hospitalized a lot, and raked up some health bills. And yea, I will admit….after my credit was already tarnished and I knew I would have to file bankruptcy, I started to not care anymore. I have about 30 thousand dollars in bad credit…and I dont know where to start. Is bankruptcy the only option I have? My husband is army and I am a stay at home mom…although I will start working again once he deploys. Anybody have any advice for me…or any numbers I can call?

Technorati Tags: army, bad credit, bankruptcy, health bills, health insurance, heart condition, insurance, stay at home, stay at home mom, thousand dollars