Category Archives: Bankruptcy Related

I Can’t Afford My Chapter 13 Payments And Worried About Foreclosure Deficiency. – Lars: I am recently divorced and due to hardship filed for chapter 13 bankruptcy. After 5 months of negotiations with the trustee; it has now become questionable if I am able to do the chapter 13 and still make monthly ends meet. Based on the latest proposal from the trustee; I would need to pay approximately [...]
Should We File Bankruptcy? – Rosi: Currently, my husband and I are down to 1 income after I was laid off 3 years ago. We live in Southern california…where cost of living is high. Our annual salary is approx $45K. Due to my lack of work, and some bad spending choices over the years, we have accrued 50K in unsecured credit [...]
How Can I Find a Pro Bono Bankruptcy Lawyer in Massachusetts? – Fran: I had a high credit rating(785) and then hardship hit, wife lost job then eventually benefits, medical issues in the family, I had only savings left and had 1 big credit card bill for about 20k, I called the company (BoA) and told them my situation and was willing to pay 50% settelment and they [...]
Will Their Chapter 13 Payment Go Up? – Mike: “Dear Steve, My personal “definition” of bankruptcy goes something like this: you have fewer assets than liabilities and you contract with an attorney to negotiate payment/payoff options with your debtors, the plan is then presented to a judge for concurrence, and you begin making monthly payments to someone to satisfy your obligation. I thought, perhaps [...]
Can I Keep Discharge My Mortgage in Bankruptcy but Stay in My House? – Sage: “Dear Steve, I purchased my house during the bubble. The morgage is severely upside down. I was able to secure a loan modification and it has made monthly payments manageable. I have some major debt problems and am looking at filing for bankruptcy. I know that I would be allowed to keep my home if [...]
I’m on SSDI. Can you guess what 99.999% of my bills are from? – B: Male: 54 yrs. old Health: Poor Bill Collectors: Yes, yes, and more yes. In 1994 I was diagnosed with Hepatitis C. Now before everybody jumps the gun and immediatly, even some doctors do, I did not experiment with intraveinous drugs coming up the ranks. I will admit that like a high percentage of people my [...]
Can I bankrupt the judgement on my student loan that was obtained prior to the 2005 student law changes?: I got a student loan in 1996. I failed out of my school shortly thereafter, but quickly transferred to a new school and continued my education. I was then re-accepted back into the first school and failed out again, finishing my degree in the second school. So, I got my degree, and it was a [...]
What happens to your U.S. debt if you were to move to another country? – Jazz: I’m am 30 years old, and became very ill back in 2008, right during my senior year in college. Ended up defaulting on my student loans and credit cards because I was in the hospital for so long. However, I am also engaged to marry a New Zealand citizen, and was wondering if I were [...]
How do I keep track of our credit along the process of bankruptcy. – Rosi: In the past I was a total slave to our credit scores, checking daily and subscribing to different ‘watcher’ programs. 2 years of unemployment and filing for bankruptcy has cured that, but I am wondering what if anything you would suggest for keeping track of our credit during and after the bankruptcy process. If there [...]
To go bankrupt or not? – Chris: Hi, I’ve got about $35,000.00 in credit card debt, primarily work expenses from my last job. I was laid off six months ago and have been unable to make any payments on the credit cards since. I’ve also had a car repossessed and after auction owe about $16,000.00 on it still. I don’t think the [...]
Single income family with tax lein and joint charged-off debt: I have approximately $18k in a tax lein, I owe $12k to Oregon State in taxes, my wife and I also have joint charged-off debt to the tune of $55k. I make $75k a year and my wife is a stay at home mom. We have two kids and another on the way. I can’t [...]
I’m currently in year 4 of Chapter 13 bankruptcy but getting divorced. – Stephanie: I’m currently starting month 48 of a 60 month plan for chapter 13 in Ohio. I filed by myself due to medical bills that were solely in my name. My husband just filed for divorce. I lost my job back in June due to disability and am currently awaiting my Social Security Disability hearing. I’ve [...]
Should we try bankruptcy or try to negotiate? – Rosi: My husband and I spoke with a bankruptcy attorney last summer, there was an issue with a loan paid back to my mother, so we waited a year. We retained him this fall. Having been unemployed for almost 2 years, with a short time back to work (3 months) then laid off again. Basically dinged [...]
Should we file a chapter 13 bankruptcy? Legal Helpers got us a wage garnishment. – TLRP: We have decent income and then lost 1 income 100% – churned up 45k in debt with 20k to irs some of that irs debt is 5k due form last year and 16k due from 2009 just discovered. We were working with Legal Helpers and they helped us get a wage garnishment – we did [...]
Bankruptcy Case Dismissed, Now What? Debt Settlement Isn’t for Us I Think. – Gary: Back in August my wife and I spoke to a lawyer regarding filing for bankruptcy. We had barely maintained our heads above water regarding our debt. The majority of our debt is unsecured (approx $40k) in credit cards. Our lawyer told us to file chapter 7 even though our income was above the initial means [...]