See my research, posts, and articles on bankruptcy, including the process, pros and cons, and alternatives. Click the link to explore key insights and options!
“Dear Steve, My husband and I are in bankruptsy, we have a 3 year plan with one year left on the plan. Our mortgage company has us on an ARM and wont remodify our loan. How can we get out of chapter 13 and get into a fix rate mortgage? Carolyn” Dear Carolyn, I’m afraid …
Jill wrote me through the GetOutofDebt.org site and asked for help. You can write me also and ask for help. “We are in a load of debt. My husband makes $90,000 a year, I am a stay at home mom. We own our home, but there is not much equity so we can’t refinance. We …
Aletheia “Dear Steve, I’m self-employed and my earnings so far this year are about a third of what they were last year. with some scrambling for new clients, the situation is improving, as far as i can tell. but my debt load is too high. i’ve stopped using credit cards, and i’ve arranged for a …
Trisha “Dear Steve, I am a single mom and heavily in debt. I was living with my husband (we are legally separated) because of finances but recently I moved out. I am not behind on my payments at this time because I didn’t have to pay rent, utilities, etc. It is only a matter of …
Evelyn “Dear Steve, Hi both my husband and i are in around $40k debt combined. We live in Sydney on only his one income and find it hard to live comfortably now we seem to be going behind and behind. I’ve tried to get loans to pay debt but havent been able to due to …
“Dear Steve, I have about $100k in private student loans, and about $50k in stafford loans. I have no other debt besides the revolving balance about $1000~$1500 that I pay off every month. My unsecured debt available for use is about $20k (credit cards, unsecured line of credit, etc.) My credit is good (700 ~750 …
Patricia “Dear Steve, For 10 years I was self employeed making very good money on the inernet. Over the past 6 months the sites I got work from began to close, or remain open with little to no clients. My income dropped 80% (seriously) I am 3 months behind in my mortgage and currently working …
Andy “Dear Steve, About four years ago, my wife lost her job. She was having difficulty getting a job and used credit cards hoping she could get a job soon and we could repay them. Unfortunately, when she finally did get a job about six months ago (earning about 40% of her previous income), we …
“Hello, Mr Steve. Here goes my story. I am $90k in credit card debt only. I pay my bills on time. I have a 725 fico score. I make minimum payments on my credit cards. I spend money frugally on the house, bills, gas for the car, groceries, eating out only once a week with …
Keith “Dear Steve, This question is for my mother. She filed bankrupcy 20+ years ago, and since then has rebuilt her credit and all her bills are up to date and in good standing. The problem is that she is $17000 in debt and for her that’s like a million dollars. My mother was advised …