I received a letter in the mail from an attorney. My lender wants to start the foreclosure proceedings. At the moment, I am 11 months behind on my mortgage. I want to dump the house as I owe 20% more than it is worth. What happens if I file for bankruptcy right away? Does that cover the foreclosure too?? Or would the bank come after me after it sells my condo for the difference? I have a 10,000 in credit card debt and 9000 auto loan. I have been unemployed for quite sometime without having luck finding a job. Even my unemployment has ran out at the moment. I don’t have any assets unless furniture counts? Bankruptcy is a must for me but I cant decide if I should do it before or after the foreclosure

I live in Illinois

Technorati Tags: assets, auto loan, bankruptcy, credit card debt, finding a job, foreclosure proceedings, furniture, letter in the mail, mortgage, unemployment

I’m being sued by my electric company. (Connecticut Light & Power) I have a very high bill , as a result of being on several payment arrangements over the years, because I am low income. My daughter has severe, life threatening asthma, and I am on the medical protection program to ensure her safety. I tried to work out an agreement with the lawyer’s office handling the lawsuit, and originally, they were going to have me on a payment arrangement of /week, or so I thought. Now, they’re claiming that they’d need my month’s usage plus a payment towards the rest of the bill to be able to settle the lawsuit, which I can’t afford. I don’t work because I have complications from having Lyme disease, and I have PTSD, and my husband is only on unemployment, with only 6/week, when we have a mortgage payment of 1157.33 a month, and were already behind some. I explained this already, and they don’t want to help me at all. I just honestly need some serious legal advice. Without the judgement and cruel comments, please. Should i file bankruptcy? What happens if I have to go to court? I honestly don’t have the money, and am so afraid and confused right now. Please help!!!

And please, no cruel comments about my life. People on this site love to knock others down all the time, and right now, I have more than enough to deal with, obviously.

Thank you so much for your help, i really, genuinely appreciate it.

Technorati Tags: amp power, asthma, connecticut light, judgement, lawyer, legal advice, light amp, love, lyme, lyme disease, medical protection, money, mortgage payment, payment arrangement, should I file bankruptcy, unemployment

we have had a rough marriage. he has lost his job which caused us to lose our house and file bankruptcy and now we live with our two kids with his dad…… sigh…… now i lost my job of four years and the medical , dental, and life insurance that went with it. i got approved for unemployment….. and the kids are getting approved for insurance so…… why is treating me so bad. He doesn’t say it allowed it’s cause i lost my job…. but that’s when it started.

now he says…… i cant stand to look at you. i can’t stand coming home and hearing the kids scream. Please just leave. I’m through with you….. can u believe he is telling me that he wants a divorce?? I"m usually the one saying that to him. and now that i have no way to support myself with no job he wants to kick me out of his dad’s house….. which is cool…….i’ll go but he says i cant take the kids. and i say i’m not abandoning them.

so what do i do?

Technorati Tags: bankruptcy, coming home, dad, divorce, insurance, job, life insurance, marriage, medical dental, unemployment

I’m struggling to make my loan payment and 3 credit card payment I’m filing for bankruptcy next week so when can I stop paying them I cant afford it because I am unemployed When I was working I was fine and then i went on disability all of 2008 i was still fine and been on unemployment since April now it hard because I have a little girl have to support and now i cant make this payment no long so when can I stop paying i do want to get in trouble i’ve never did this before

Technorati Tags: credit card payment, disability, filing for bankruptcy, little girl, loan payment, unemployment

I am trying to figure out which route to go. I owe over 30 Thousand in debt and at the moment I don’t own any property besides a car I bought for ,000 a year ago (1997 Chevy) I don’t have a job currently due to be laid off and on unemployment. I due have income tax which is about 2000 (The lawyer I talked to is charging 1000 + 300 in court fees) so that would be all my money… How hard is it going the paralegal way? Is it a for sure thing my bankruptcy will go through? Is the lawyer a better choice? need help!?

Technorati Tags: bankruptcy, chevy, court fees, income tax, job, lawyer, money, paralegal, sure thing, unemployment

filing? Also, i just recently got laid off but have steady work history. I was also wondering if it would be better to file bankrupt while on unemployment or to get a job first. Oh yeah heres the best part ive been upside down about 600$ a month for about the last 8 months. so i maxed out all my credit cards to pay bills. When that ran out i couldnt afford to pay the monthly payments and now about 4 of them are about 3 months late. So I would appreciate any advice. thanks

Technorati Tags: credit cards, job, steady work history, unemployment

I’m out of work with no job in site. I have been surviving on credit hoping a job would come but has not as of yet. Is bankruptcy a the answer or some other alternative that I don’t know of? What really is bankruptcy?
I’m out work but I do qualify for 123.00 a wk in unemployment can garner any of this? If I can muster up maybe 25.00-50.00 a month token payments until I find work will they accept these if I explain my situation to them?

Technorati Tags: bankruptcy, job, unemployment, wk

My husband and I are currently living in an apartment and have been here for 6 months now. We have always paid our rent on time. We are now considering Ch. 7 bankruptcy and I want to know how that would affect our current lease? Do they typically run another credit report when they offer you a new lease? I’m worried about them finding out about our bankruptcy and kicking us out, but I’m told that most apartment complexes don’t run your credit again after they do so at the original lease signing so they wouldn’t know about the bankruptcy unless you told them.

I’m not happy at all about having to file bankruptcy, but I see no other option. A bit of background: My husband and I both have excellent credit scores (over 700) and we’ve always paid our bills on time. We have no problem paying back our debt, as that’s what we obligated to do. But I was laid off last year, have so far been unable to find a job, and my unemployment runs out in a few weeks. (unless Congress extends it and we know how that song and dance goes) We even moved to Washington from California when my husband got offered a job and I still have found nothing. My husband’s job is very good and steady, but if we have to live on his income alone until I am able to find a job, we would only really be able to afford our living expenses. Like many other couples, we need two incomes. I’ve considered and done a lot of research on debt counseling or Ch. 13 instead, but our monthly payment amount would have to be small, probably no more than 0/month, for us to be able to comfortably afford our rent, utilities, groceries, gas, etc. I don’t think a payment amount that low is possible, considering our combined debt is about ,000. (all unsecured credit cards) I keep coming back to Ch. 7 being the best option. I could consider filing Ch. 7 on my own if I’m able to, as all my debts are in my name and acquired before we got married a few weeks ago, and he could enter debt counseling for his debt. But again, his payment would have to be very low for us to be able to pay our living expenses on only his income. Discharging all of our debt and getting a fresh start seems like the best option. Does anyone have any advice?
In response to a previous answer, I was single when I was laid off and began receiving unemployment in May 2009. I just got married a few weeks ago.

Technorati Tags: apartment complexes, bankruptcy, ch 7, congress, couples, credit report, credit scores, debt counseling, debts, groceries, incomes, job, living expenses, new lease, song and dance, unemployment, unsecured credit cards

We are two payments behind on our house. We had to rent an apartment because my husband will be unemployed soon.We had put the house for sale last year, no offers. We tried to refinance but our house was appraised 22,000 less than what the finance company appraised it for 2.5 years ago. The finance company would not lower our rate, to what we could afford. We had to move before unemployment happens. I now cannot afford my car which is financed through same company. What will happen when they foreclose? We live paycheck to paycheck. Have no assets. Can we file bankruptcy?

Technorati Tags: apartment, assets, bankruptcy, finance company, house for sale, paycheck to paycheck, unemployment

businesses so they can pay more taxes? Or do they file bankruptcy and put all of their employees on unemployment?

Technorati Tags: bankruptcy, unemployment

I have a ton of credit card debt due to divorce, unemployed;credit in toilet; need to file bankruptcy but…I dont even have the money to do that; I have a 2004 cherokee and dont owe anything on it and would take a loan on it to pay bills and get the money to file bankruptcy but dont know if I am allowed to do that; i am unemployed right now; last year i made nothing basically; have no idea how i have even made it; stopped using credit cards nine months ago; what can i do; the grand cherokee is worth like 7 to 8k it only has 55k miles on it; i just dont know what to do; i want to just get my bankrputcy out of the way; a year ago my life was perfect now its in the toilet; barely even getting by; on food stamps; severely depressed; my precription is like 200 dollars a month and now i cant even pay that; i am 36 and make no money and have not for a long time; have no idea if there is anything out there that will help me; i put in applications and resumes in all day long; its so frustrating; now without my script i will be even more depressed and things will only get worse; i wish there was some short term presription help; my doctor charges 50 dollars a visit and i am down one payment with him; if anyone knows about bankrputy or what i can do; i dont want to get one of those 1 month loans and pay 300 screw that; i cant lose my car; plus i dont even know if you can do that when you are about to file bankrputcy i just dont know what to do anymore anyone with advice and not some stupid spam also i have a mortgage on a small condo and am not behind yet because i have a roommate; last year my brother killed himself; my best friend died a month after that and my wife cheated on me and got pregnant and i got divorced; its like can anything good happen; i have never collected any unemployment because i started my own business so i was self employed; i just dont know
i looked into gettng low income but unless your house is in foreclosure or your car is in foreclosure than they wont help you no matter how low your income is; your house or car has to be in foreclosure or about to get your car reposessed for legal aid to do it and i would have no idea on how to file bankrpuctcy; i have no idea

Technorati Tags: bankruptcy, best friend, brother, credit card debt, food stamps, foreclosure, grand cherokee, loans, long time, money, mortgage, nine months, own business, resumes, roommate, screw, spam, toilet, unemployment, using credit cards

I want to killing myself right now. My company was filed bankruptcy last week hasn’t paid of my last wages. Saturday when I was refilled my prescriptions I found out my medical FSB account locked up couldn’t paid for my prescriptions. I still have 0 in this FSB account. what can I do? I really need this money, coming I have a few doctor appointment in this 2 months. What can I do? I need someone tell me where and what should I do? One more thing the CEO said he was not fired us so I can’t file unemployment benefit. He only told us to wait for the trustees to contact us. How come a CEO can do that for his people. I feel so sad and how can the people do that for me. Hope someone can help me of my question. Thanks.

Technorati Tags: bankruptcy, ceo, doctor appointment, fsb, money, prescriptions, question thanks, unemployment, wages

I had filed bankruptcy 4 1/2 yrs ago and was approved. The I got back into debt because of unforseen occurance befell me. I have medical bills that need to be paid, I have students loans I need to pay off, but are on deferment or forberance, and interested has accumlated, I got laid off my day job, working part-time evenings (14 to 15 hrs a wk, 7.50hrly) been looking for fulltime work for 2 mths, tried filing unemployment, owe the bank 0.00 because my accnt is a negative, I am behind on my gas utility bill, my car is in the shop for the 3rd time in 4 mths. Spent already 790.00 total in last month on car. Yes, I live by myself and have been looking for a roomate, because I can’t afford to renew my apartment lease when I’m not making enough money to pay all my expenses. Would I still be able to file bankruptcy with out any hassles? I want to file Chapter 7, I just don’t see any other way out right now. Please give me your answer…….

Technorati Tags: apartment lease, bankruptcy, chapter 7, day job, enough money, evenings, hassles, loans, looking for a roomate, medical bills, mths, occurance, part time, unemployment

I lost my job in early September and have run into some serious financial problems. I have a part time job and I should be receiving unemployment but they denied me at first and I have to wait for a hearing to appeal that decision, and they are super backed up and I will not even find out when my hearing is for another four weeks. I took out a distribution from my 401k, went through that, and they are taking their sweet time getting another distribution sent out to me. None of my accounts have been sent to collections yet, but they are almost there. I am considering bankruptcy or using one of those companies that negotiates better interest rates with my creditors and gets them to reduce my debt by up to 40%. I want to know which route I will recover from quicker. I eventually want to buy a house, take out student loans, etc. I keep hearing that bankruptcy is not as bad as it has been made out to be, and I have heard nothing about how debt settlement programs effect your credit. Does anyone have any advice?

Technorati Tags: 401k, bankruptcy, collections, creditors, debt settlement programs, early september, interest rates, part time job, student loans, sweet time, unemployment

We are in Adair county Missouri and it has been 2+ years since a new mortgage company bought out our mortgage and still no change on the deed. We are struggling to pay the payment, but they refuse to work with us on lowering it since my husband is unemployed at the moment and they don’t consider unemployment income, but they will take every dime of it every month for the payment. My husband read somewhere online where a mortgage company hadn’t filed the proper paperwork after purchasing a mortgage and didn’t have the original paperwork for the loan and the woman was able to file bankruptcy against her house. She kept the house and the bank got nothing for it since their paperwork wasn’t in order. Is this possible?
I don’t believe everything that I read online because most of it is not true, but my husband wanted to believe that it was possible to file bankruptcy on the house and keep it. I told him I would ask on here and get us some answers from people who would know. Thank you everyone who answered for helping to clear up this matter. We really appreciate it.

Technorati Tags: adair county missouri, bankruptcy, hadn, mortgage company, new mortgage, proper paperwork, unemployment

I have not filled yet, but with the creditors on a daily call me schedule. What should I say to delay them. I have not told any of them I was going to file. Only that I have hard times dues to my unemployment in Dec 08. I have no money to make payments to them.

Technorati Tags: creditors, money, unemployment

Both husband and I lost our business because of the economy-in construction. We are unable to collect unemployment. We have an small income coming in from another source. When we could not make a payment in early March we called Ford Motor Credit to discuss the situation. They stated that they were all for working with us they did not want the vehicle back. They would send us paperwork to have the loan rewritten. Never got the paperwork. So we called again asking for the paperwork. Person we talked to said there was nothing listed about that she just wanted payment. We went round in circles. Finally on March 23, we spoke to someone who knew what we were talking about and said the paperwork would definitely go out. Still have not received paperwork. Also explained that we were going to file bankruptcy. Bankruptcy was filed on March 30th. Ford Credit got notification of filing on March 31 though E-mail-verified by attorney. Sunday evening April 5th. 2 thugs came to repo the vehicle. The repo guys thought it would be an easy take. However, the key Ford sent them didn’t work. They were really pissed, came pounding on the door and yelling open the door we want the keys or they would tow it. They were going to get it no matter what. Said we had filed bankruptcy and they could not take it. While I went to get the notice we got from the court. They continued to bang on the door and yell. My son in the meantime called 911. Showed them paperwork we got from the court through the glass door. I am female and these guys were hugh and the way they were acting I felt my safety was in jeopardy. They said the paperwork was garbage and they had a legal court order to take the vehicle. Got notice to pick up the vehicle on the 3rd. Husband came home and they were all over him. Told them all the cops had been called and they got even madder. I told them that they had no right to come to my house, continually bang on the door and yell and they were very threatening where I felt my safety was in issue. They guy rushed towards me and his face came so closed to mine that I could smell his breath. He is twice my size. My son thinking the guy was going to hit me came running up and pushed the guy away from me telling him to get away from me. Then the repo guy also decided to call the cops. Just before the cops came they settled down. I told the cops what happened, said they guys were definitely out of control in the manner in which they did this. Cop said to let them take the vehicle, Ford could be held liable. By the time the repo guys left with the vehicle things were calm. Monday morning we called our attorney, he told us to call Ford Credit and yes they had been notified of the bankruptcy and the paperwork we showed these guys was a legal notice from the court. Just as we were going to call Ford Credit, Ford called. Some guy wanted to discuss the missed payment- which is another violation. He had no clue that we file BK and that the vehicle had been repoed. Stunned-or seemed to be-when I told him of the treatment we received Don’t’ these departments talk to each other. He wanted to know what he could do to make this situation better-guess he was trying to cover for Ford. What recourse if any should we take-have not discussed options with attorney yet? Today we have to call Ford back at a number what was given us to reclaim the vehicle and then call the attorney back. Help, what should we do as far as Ford is concerned? This whole thing has left me a mess, cant sleep, eat, I am still so nervous my hands are shaking. Please save the nasty comments for another time. The repo guys said it all.
To Missy it was the only one payment missed, and as of yesterday it is 2. You got the whole story. Also, attorney said that the vehicle was protected under the bankruptcy code. We can decide if we want to reaffirm or whatever you call it. Attorney also told us to call and get to the vehicle back. At this point, as suggested, I don’ think I want it back.

Technorati Tags: 911, bankruptcy bankruptcy, circles, cops, e mail, economy, ford, ford credit, ford motor, ford motor credit, garbage, jeopardy, key ford, paperwork, sunday evening, unemployment, yell

I’m meeting with a bankruptcy attorney tomorrow morning. This is only because in 6 months, I have been unable to find a job and my unemployment is going to run out. I want to start a criminal justice program and I originally had planned to wait till I had a job to make monthly payments, but would it hurt to add the 0 to my already 00 credit card today? I have about ,000 in debt before adding the criminal justice program. This is a mix of credit cards, medical bills and student loans. Does anyone know? Thanks!!

Technorati Tags: bankruptcy attorney, credit card, credit cards, criminal justice program, job, medical bills, student loans, tomorrow morning, unemployment

Where are those billions all the Democrats were willing to send?

And who said don’t throw good money after bad?

Another true statement, the Government doesn’t creat jobs.

Stimulus is being spent unemployment still going up.

Technorati Tags: billions, democrats, government doesn, jobs, money, stimulus, true statement, unemployment

getting hired? I had to file chapter 7 bankruptcy recently and since I haven’t worked since last August and cannot receive unemployment I cannot seem to find a job. I can do office work and I most recently worked in retail . I am hoping to find office work but I have heard some places will not hire you if you have a bankruptcy on your record. I am losing hope!

Technorati Tags: chapter 7 bankruptcy, job, losing hope, unemployment