I’m about 3 months behind on my car payment and all my credit cards. I plan to file for bankruptcy soon due to the amount of debt. Would just like more info on my options on what to do with the vehicle. Thanks in advance!
Ok here’s the story my husband and i met 2 years ago…one year before that he bought a new mobile home. When we got together and decided to marry we knew that his home would be to small for us as i have 3 kids. So we did a land contract with some family friends and they moved in and took over the payments while we lived in the home im buying. The mobile home is on a rented lot and so the contract we all signed is just a formality and not legally binding…anyways the couple just up and decided to move out and back into their previous home that couldn’t afford the payments on until the bank did some adjusting and now they have an affordable payment. Now i have this mobile home with a 0 a month payment plus lot rent and my home which is 0 a month and we just cant afford both. So should i call the bank and tell them i cant do it and try to give it back to them or maybe a short sale or should i just file bankruptcy and clear all the crap my husband and i have on our credit anyways? The house im buying is on land contract but its a legally binding contract and we want to keep this house. Also should i wait and file bankruptcy after the sale or foreclosure so that i can clear that also on my credit? Im so confused and if we could afford it we would keep the mobile home for my daughter who will be 18 in five years but we just cant. We aren’t just wanting to file because we don’t wanna pay it we just really cant do it and try and raise 3 kids …its just to much for a family of 5 who’s income is not that great. Thanks in advance for any hep or advice you give.
I have about 25k in credit card debt. Use to be about 9500 but after 10 years they are all judgments and with all the interest and fees its about 25k now. About a year and a half ago i had a really nice job was making decent money. I saved about 9000$ so i can try to pay my debt off. Originally on average i owed about 2500 to each of the credit cards i had. I got all my info together and called each of them to try to set up a plan so i could pay them off. Right now discover says i owe about 7k originally 3k, and city says i owe 6.5k originally 2.4k, washington is now about 4.5k originally 1.8k those 3 are my highest and all three wouldn’t agree for nothing lower then what they say i owe. all others agreed to a very nice settlement. I offered discover 4.5k , city 4k, and Washington about 2.5k to settle. Washington accepted 3k. but city and discover gave me a no and said that if i didn’t have the full amount they would just garnish my checks till its paid in full. At the time i was off work because my back started to give in. I had the doctor take some x rays and she told me that i had to take physical therapy for my back and should stay away from heavy lifting. Which means i cant do my job no more. So now i am unemployed and well luckily i still had that 9k i saved. Well now i am just fed up with them. I already ran out of money and my brothers and sisters are supporting me and i want to just file for bankruptcy and go to school and get my self a degree in business. Does anyone have any advise you can give me. Thanks in advance.
I also forgot to put this in. My brother was going to help me before when i was working he was willing to put in about 3k on top of my 9k so i could get out of debt. But now hes also low on funds and well i just decided to file for bankruptcy and hes willing to help me pay a lawyer for the process.
Also I am not really worried about the credit score part, i have 6 sisters and 3 brothers and well i learned my lesson and i made sure they learned from my mistakes and they are really thankful for my advise about credit cards lol and bank loans. They all have almost perfect credit scores and i had a big hand in getting them there. My sister offered me a position in a business she is opening and all i have to do is go to school for the position. She was actually the one that tried to negotiate with the credit card company’s on my behalf and she just told me to file since they wont accept a settlement.
I just want to see how many options are available for a situation like this. So i am open for any suggestions, advise, ect… from respectful people who can understand the situation. If you want to criticize, go right ahead too lol I want to here all your opinions.
The funniest part about this is they all want to settle now that i have no money. LOL I just think thats really funny.
hehe ya i already knew about that but i am safe from that too because my sister owns about 3 businesses and she is willing to offer me a marketing position. I am really good at it too i have been helping her with allot so i just want to get a degree in that field and go work for her.
I am a us citizen and am being delayed in filing bankruptcy if i leave the country for 3 months than return will it change my status as a resident of that particular state or make it difficult to file?
Thanks in advance
I live in Michigan & recently went through a divorce, foreclosure, and was laid off at work. For the past year, I have been unemployed & then am currently temping.
My ex-husband declared bankruptcy and basically, our second mortgage wasn’t foreclosed on (it was a different bank than the first mortgage) and that entire balance is now my responsibility. It’s over ,000. I was served last summer and then in Feb 2009 my MI State Income Tax refund was garnished. Now, I received a writ of garnishment from the court and it was sent to me FROM my old credit union. THEY were served with papers on 6-18-09 and thankgod, the account was CLOSED so they could not pull money from the account.
I am fearful that now, they will get to my CURRENT bank & possibly my staffing company where I work.
I checked my current bank acct. and there is still a positive balance but what should I do? Close this account?
NOTE: I secured a bankruptcy attorney and paid in full within the first week. I was given a first draft and returned that to them over 3 weeks ago. I am awaiting a SECOND draft. It has not yet been filed with the courts. Am I not protected yet? Any advice would be appreciated. Thanks in advance
My girlfriend has an old account from an apartment with her ex and he plans to file bankruptcy. She is wondering what will happen with her portion of the debt when he files. Will she still be completely responsible, responsible for half or will it be completely wiped clean? Thanks in advance!!
….after you get sued for building a faulty house for someone. The judge is in favour of the plaintiff, whose house you built. He rules that you must pay them ,000 to compensate for the cracks in the ceilings & walls and various other mishaps. You then, like a b*tch, file for bankruptcy. Don’t know how to phrase this, but: your claim for bankruptcy is accepted.
Replace the you with defendant. What prompts me to ask this is that the defendant walked out of court saying "You’re not getting one cent" to the plaintiff. Which, for comedic effect, i will add that he got punched in the face :L
Questions:
1) How does the plaintiff get his compensation, in civil law or whatever area of law? Are there alternative ways to gain compensation for this issue other than suing? Obviously the suing did not work out? Like for e.g. in criminal cases you can go to the Victims Compensation Tribunal if suing civilly does not work in your interests.
2) Does the defendant (in bankruptcy) have to sell all his assets and every cent of his future income goes to paying the defendant the compensation? Its only fair..
3) Does he get off scott free?
Thanks in advance 
Would appreciate it if any lawyers on yahoo could lend a hand in releasing me from confusion and unknowledgability.
Ps. The jurisdicton is NSW, Australia.
I was young, (22yrs old) had 2 jobs and made good money. I decided to trade in my old junk of a car and buy a brand new car. I had no credit history so my then bf helped co-sign for my new car. My interest was sky high but I didn’t care at the beginning because I had no idea what I was doing. I paid a very large amount per month and then after about a year, I lost my main job. A few months after that, I lost my other job. I now was collecting unemployment and went through HELL to make sure that car was paid off every month. I started making late payments and my life was just a mess because not only did I have to pay for that car, I had the insurance, rent, etc. I was no longer able to pay my car and that day came when Mr. repo came knocking on the door. They took my car after 2 years of me working my butt off and they auctioned it off for SO cheap (almost had a heart attack at how much they sold it for!)
This was in 2008 and 2 years later, I’m still struggling financially in more ways than a hundred lol…I have really bad credit, I can’t even open a bank account and I feel like my once so organized and amazing life is now totally off track. I don’t know what to do. These are my questions:
1. If I open a bank account, can my lender seize all my money? Not a savings, a checking account.
2. Being that I did not pay the upside down on the car (,000) should I file for bankruptcy and is it too late to do that after 2 years? And for those who want to suggest that I pay off the 16 grand, I’m not because I’m not going to pay for a car I don’t have anymore and you might say well you’re stuck with it you should have never bought a car you can’t afford I don’t want to hear it because you don’t know my story. I want serious answers, not answers that are going to sound mean and not help.
If there is anything that I’m missing? Please, any advise would be GREATLY appreciated. Thanks in advance
Our (chapter 13 bankruptcy) attorney failed to subimit documents to the court. He directly lied to us and told us that he did. We’re in the last year of bankruptcy and in need of purchasing a car. He told us almost 3 weeks ago that he submitted the papers to the court and then admitted to my husband today that he didn’t. What recourse do we have? Thanks in advance…
Our (chapter 13 bankruptcy) attorney failed to subimit documents to the court. He directly lied to us and told us that he did. We’re in the last year of bankruptcy and in need of purchasing a car. He told us almost 3 weeks ago that he submitted the papers to the court and then admitted to my husband today that he didn’t. What recourse do we have?
And just for everyone’s edification… it was not because we had out of control debt. It was because we had a child that was born with extensive medical needs far and beyond our insurance and the fact that I needed to stop working for 3 years. It was all medical debt.
Thanks in advance…
I was young, (22yrs old) had 2 jobs and made good money. I decided to trade in my old junk of a car and buy a brand new car. I had no credit history so my then bf helped co-sign for my new car. My interest was sky high but I didn’t care at the beginning because I had no idea what I was doing. I paid a very large amount per month and then after about a year, I lost my main job. A few months after that, I lost my other job. I now was collecting unemployment and went through HELL to make sure that car was paid off every month. I started making late payments and my life was just a mess because not only did I have to pay for that car, I had the insurance, rent, etc. I was no longer able to pay my car and that day came when Mr. repo came knocking on the door. They took my car after 2 years of me working my butt off and they auctioned it off for SO cheap (almost had a heart attack at how much they sold it for!)
This was in 2008 and 2 years later, I’m still struggling financially in more ways than a hundred lol…I have really bad credit, I can’t even open a bank account and I feel like my once so organized and amazing life is now totally off track. I don’t know what to do. These are my questions:
1. If I open a bank account, can my lender seize all my money? Not a savings, a checking account.
2. Being that I did not pay the upside down on the car (,000) should I file for bankruptcy and is it too late to do that after 2 years? And for those who want to suggest that I pay off the 16 grand, I’m not because I’m not going to pay for a car I don’t have anymore and you might say well you’re stuck with it you should have never bought a car you can’t afford I don’t want to hear it because you don’t know my story. I want serious answers, not answers that are going to sound mean and not help.
If there is anything that I’m missing? Please, any advise would be GREATLY appreciated. Thanks in advance
I live in NJ and looking to file for bankruptcy ASAP. I can easily look up some attorneys in the directory but I want to choose a good one and one that isn’t so expensive because I’m near flat broke. Thanks in advance to all those who answer.
Close Bankruptcy Loophole for Mortgage Companies: Obama and Biden will work to eliminate the provision that prevents bankruptcy courts from modifying an individual’s mortgage payments. They believe that the SUBPRIME mortgage industry, which has engaged in dangerous and sometimes unscrupulous business practices, should not be shielded by outdated federal law.
i capitalized it so u guys could find it. imdoing research for a debate in english class and i was reading and my word document says that "subprime" is wrong and so does yahoo answers. so i wondered what an alternative word wold be so that i know what its talking about and i will understand better.
thanks in advance.
*an please, no opinions on the election. i just want to know the meaning of the word. =]
OHH. so its like less than prime? like secondary?
thanks!
Or will they support their captain of this sinking titanic right until the bow goes under the water ? Thanks in advance for your answers. God bless.
My fiancé is trying to rejoin the Navy. He’s talked to a recruiter, gotten his DD214 and knows his reenlistment code. He’s been to a dr. to prove that what discharged him last time no longer applies, now he’s worried about his debt. He knows that if he gets in, he’ll be on salary again which will make meeting his financial obligations easier, but he asked me to try to find out what I could about what would happen if after in re enlists, if he files bankruptcy. Everything I’ve found online says he could be immediately discharged and he won’t get the same clearance he had last time because of the debt alone. He used to have an active SCI Top Secret clearance. He won’t get that this time. Is it true they will discharge him if he tries to file bankruptcy? Do they have any options to help him repay his debt? Thanks in advance.
He’s not getting a steady salary right now and hasn’t been for over a year. He’s got a lot of debt that has built up over the past year and he can’t get out from under it. He needs to clear it. Or find a manageable way to pay it back. We are getting married as soon as he finds out if he is accepted back or not and he needs to be able to take care of me and the kids. Not spend his entire salary on old debts.
Will his debt be an issue when he tries to rejoin? His recruiter didn’t say anything about it but we’ve read he’d need a waiver for that kind of debt to get back in. Is this true?
I filed for a chapter 7 bankruptcy on December of 2001 and it has since been discharged. I would like to know how long that bankruptcy will be on my credit report. I filed the bankruptcy in the state of Connecticut. Thanks in advance for your help.
We’re looking into filing chapter 7 (not the prettiest option but honestly the only at this point) and hoping to save some money. While I’ve considered attempting to do it myself (we have a straightforward bankruptcy and qualify by a longshot) I did see there are quite a few online companies which could make it easier and be more affordable than an attorney. Yes, an attorney is still the safest bet but I’m wondering if there are any online companies anyone are aware of that aren’t a total crock (which, unfortunately, is most of what I’m seeing!) Thanks in advance.
I am currently living out of the country to help my in-laws while they are experiencing some medical problems. I want to know if my parents can file bankruptcy for me if they have power of attorney (in the state of GA)? I know I would have to go back for the meeting with the trustee and the counseling, but if they could file for me, that would really help in our situation. Any help would be greatly appreciated! Thanks in advance!
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)
I have a vehicle that I am selling to help pay for some debts i have accumulated over the years. I will however still have to file chapter 7 bankruptcy in order to pull myself out of debt. Will selling my property hurt my chances of filing a quick bankruptcy? I was told that any transfer of property may not be good…Thanks in advance for your help…
I can’t take time off work and need it done quick, yet not a scam.
Its been a long time coming and it just has to be done. If there is a reputable online company, or a company in san jose california that works around my schedule. I make ok money but am just sick of my past….its been 10 years since i even used those cards!!! Help?? Thanks in advance