please don’t scold me for having so much debt or being financially responsible. Whats done is done. Only the present and future advise i need now.

I can’t find job. It is very hard. Even though i have bachelor degree in math, i can only get .50 an hour which is nothing to fight the ,000 unsecured debt.

I defaulted on my payments since february 2009. The .50 hour an job — almost all of it goes on cell phone bill, broadband bill, car gasoline, dog food and dog vetreneary expenses (i have 2 large dogs).

I get 100’s of phone calls by harassing creditors. I no longer pick up the phone. I can never raise 00 for bankruptcy lawyer in such poor financial situation. My interest rate has hiked to 36% APR and i keep getting slapped with more and more fees of interest and penalties. I QUIT!

What will the creditors do to me now? there is not 1 single asset i own, except for my 2 beloved dogs.
Will creditors send me to jail? how will this situation end?

Please advise. I see no end to this at all as long as job market is stagnated.
.50 an hour job is as good as being unemployed. right?

Technorati Tags: bachelor degree, bankruptcy lawyer, beloved dogs, cell phone bill, dog food, financial situation, gasoline, harassing creditors, interest rate, job, math, phone calls, unsecured debt

I have done everything I can to reduce my spending, and my interest rates (on unsecured debt), yet there are still so many demands on my income that I am still unable to meet my monthly obligations. (My VA Compensation was just "reduced" making my problems even worse). Due to the nature of my current "graveyard employment", I have been experiencing a great deal of trouble finding a second job.

Must Bankruptcy be my only solution? I entered into a Debt Management Program (to have interest reduced), 4 months ago. Until then, I had not even had a "late payment" in over 8 years (no longer the case thanks to the DMP).

I was forced to file Bankruptcy in 1999 (so it is about to be removed from my credit file), due to my divorce and excessive student loan payments.

Now I am about to "start all over again" due to my inability to obtain reasonable interest rates on my debts.

Can anyone suggest alternatives to Bankruptcy?

Technorati Tags: 4 months, 8 years, alternatives to bankruptcy, case thanks, debt management program, debts, divorce, dmp, excessive student, graveyard, interest rates, second job, student loan payments, unsecured debt

A few years ago I settled a debt with a credit card company and I had to claim the part of the debt that was forgiven as income. Now here it is about 8 years later and I am having to file chapter 7, with all the K in unsecured debt that I have, will I have to claim this as income too?

Technorati Tags: 8 years, chapter 7, credit card company, unsecured debt

If you already have poor credit and you just want to get everything over with… which would be the fastest, cheapest, easiest way to go about it all? And what’s the difference between secured debt and unsecured debt?

Technorati Tags: poor credit, secured debt, unsecured debt

I had a woman call for my fiance’ who is currently in "A" school and not due to come home until next month, regarding his debt….I kindly told her that he was going to try to take care of it when he gets home whether with bankruptcy or making payments…etc….but that he WAS going to take care of it…and she told me that military memebers were NOT allowed to file bancruptcy….??? He has a good amount of unsecured debt (credit cards, repossessions, etc) and in order to get ahead was planning on filing bankruptcy to more or less "wipe the slate clean.." so the conversation with this woman made me a little apprehensive….

Technorati Tags: credit cards, debt credit, fiance, filing bankruptcy, memebers, unsecured debt

I have really bad credit. I have a few judgments against me, and a bunch of unsecured debt. I am planning on elisting in the navy this week. I took a practive ASVAB today and did really good. My actual ASVAB test is next week. I was wondering if i filed bankruptcy before i sign my life to the navy if it would come back to bit me in the rear.

Technorati Tags: asvab test, bad credit, bankruptcy, judgments, navy, practive, unsecured debt

I’m 25.. I don’t own a house, but have about k unsecured debt I owe and want to file BK… Additionally, I have a 2 yr new car currently financed for an additional k I want to keep.. I know attorneys are expensive in my area Van Nuys/ West San Fernando Valley, so am finding myself at possibly going with a paralegal.. Please help, and advise if this is smart or not… I definately don’t want to lose my car… Thanks!

Technorati Tags: attorneys, bk, new car, paralegal, san fernando valley, unsecured debt, van nuys, west san fernando valley

We are filing Chapter 7 bankruptcy and want to discharge all unsecured debt, but we are current on home and car and will continue to make those payments. We will have to fill out a B240 reaffirmation agreement on these or just fill out the Chapter 7 Debtor intent form that says we will reaffirm?

Technorati Tags: chapter 7 bankruptcy, debtor, filing chapter 7, filing chapter 7 bankruptcy, reaffirmation agreement, unsecured debt

I am severely underemployed, making minimum wage, 20 hours per week. I used to make more money and was given credit which I used, to the tune of ,000 in unsecured debt. Between my rent and utilities expenses, I can’t make my minimum payments to my creditors. I am striving to improve my employment status, but until I succeed with that, what can I do? I have no assets to sell and {content} to pay to debt consolidators and in payment plans. Is there any way to put my debt off for a few more months, or should I start thinking seriously about personal bankruptcy?

Technorati Tags: assets, creditors, debt consolidators, employment status, minimum payments, minimum wage, money, personal bankruptcy, unsecured debt

Through no one else’s fault but my own, I find myself not being able to pay my bills.

Here are the numbers as I’ve figured them out: I make about 2400 month after taxes. My essential bills (apartment, car, phone) cost me 2013 a month. My unsecured debt monthly payments are 1390. If you do the math, you’ll see that I can’t afford to pay all of my bills. I was using my GI Bill benefits to help pay for the bills, but even when I was getting the full amount, I was still not able to pay my bills.

My total secured debt is 29000. This includes my car and bike (more on this in a moment). My total unsecured debt is 21000.

My questions are:

1. Will I qualify for Chapter 7? I understand Chapter 13 is like a payment plan, but I’m not even sure I would be able to do that given the debt I have.

2. If I qualify for Chapter 7, will I be able to keep my car but return my motorcycle? I currently make payments on both. Buying the motorcycle was a very bad move on my part and I regret doing so.

3. Is the amount of debt I have too low to consider bankruptcy? The overall amount does not look that large (I know people with more on just a couple of credit cards) but the monthly payments are killing me, even after I attempted to make arrangements.

I know I made some mistakes and I deserve to be ridiculed, but I don’t think there’s anything you can say that can make me feel worse. I’m hoping someone can give me some advice rather than insulting me.

Thanks.
I’m from the USA.

Technorati Tags: apartment, bad move, bankruptcy, car phone, chapter 13, chapter 7, credit cards, gi bill benefits, math, motorcycle, secured debt, unsecured debt

Income=1200/mo. 4 creditcardpayments + 1 unsecuredloan (used for massage theray school) payment= 940/mo. Rent=5. Not to mention other bills and food. The only way I am making it is thru occasional money and food help from friends/family, tho very few of them know that I am ,000 in unsecured debt. I used that money to help pay expenses- scraping by frugally, not spending unwisely, just making ends meet for past 3 years on very low income when i was going to school. Also 2 roomates skipped out and I used the credit for 4 months to pay 00/mo rent that I should have only paid 1/3 of, two years ago. Now I am having to use what is left of my credit to help pay the other credit bills. And having paid no more than a week late a few times while waiting for income, (hard to choose whether to pay late or to pay with other credit cards!),interest rates way high: 80 x 32.99%, 50×26, 00×26, 00×23, 00×9. Am in deferrment of 000 university loan. HELP very ashamed
Thanks for your help!!! Tried to get a loan with lower interest from my credit union and wellsfargo- refused. nobody in my family wants to cosign- i don’t blame them! 5 is cheap rent downtown Denver! moving back home would kill me, (plus 1000 miles away and no work there). I’m not really making enough to have credit counseling take a autodeduct, esp because my bills end up exceeding income. Bankruptcy seems like the "easy" way out (except for the shame and embarassment, and also the only way out at this point), tell me how it’s not. Only thing I’m worried about is that I won’t be able to get more loans to keep going to school. I don’t plan to buy house or expensive car. Also, I’m trying to run a web dev business, so far mostly building portfolio. How will it affect my options with the business? You guys rule.

Technorati Tags: 3 years, 4 months, bankruptcy, credit cards interest, credit counseling, downtown denver, embarassment, expensive car, friends family, interest rates, loans, massage, money, roomates, shame, thanks for your help, tho, university loan, unsecured debt, web dev

My husband and I were planning to file Chapter 13 bankruptcy (we are seeing lawyer tomorrow) and I just found out that we should qualify for Chapter 7 too. We own a home, but only have 10k in equity in it. This wouldn’t even begin to touch our 43k unsecured debt. I’ve heard that not eveyone loses their homes in Chapter 7. Does anyone know if this is true?

Technorati Tags: chapter 13 bankruptcy, chapter 7, lawyer, unsecured debt