Tag Archives: chapter 13 bankruptcy

Recently Divorced and Struggling With Debt. What Should I Do? – Kelli

“Dear Steve, Recently divorced and left with about $40,000 in credit card debt due to helping my ex-husband start his now lucrative company. I’m not bitter! I am drowning here now, however. It’s about ten credit cards with APRs spanning from 14% all the way up to 29.9%. I can only barely afford the minimum [...]

How to Find a Great Bankruptcy Attorney

I’ve written a number of guides about all sorts of debt related issues but for some reason I’ve never written one about how to find a great bankruptcy attorney. So here goes. Having lived through bankruptcy myself I am very familiar with what I felt when searching for a bankruptcy attorney. It’s bad enough suffering [...]

We Filed Chapter 13 to Save Our House But Can’t Keep Up With Payments. – Jennifer

“Dear Steve, My husband filed chapter 13 in Dec 2012 to save our home and we just cannot make the large payments….most of the bankruptcy payment is the house debt. Chase says we now owe $286k and our home is only valued and purchased at $254k. Should we surrender in chapter 13 we are 2 [...]

Can I Get a New Credit Card While in My Chapter 13 Bankruptcy. – Rich

“Dear Steve, I am paying regularly on a Chap 13 plan and I’m about 2 years in out of 5. I have always been on time with this payment, my mortgages and cars. I have no other outstanding debts. I did accept a very low limit credit card just to use and then pay off [...]

Why Do People Think Bankruptcy Gives You a Fresh Start? – Jeronell

“Dear Steve, Separated from my husband. we filed bankrupt separately because we lived at different addresses. he filed a chapter 7 and was done i filed a chapter 13 supposively because of income and it has been a nightmare. I was left with the responsiblity of paying all the bills. we surrendered our house in [...]

Can We End Our Chapter 13 Bankruptcy Early? – Art

“Dear Steve, we thought we had a good modification only to find out 2 and half yrs later it wasnt…so we filed ch 13….since filing we obtained a good modification, signed agreed and going well…we also have pd off our vehicle loan through this ch 13…..believe debt left is some very small medical bills…seems we [...]

I Want to Give My House and Car Back and File a Chapter 7 Bankruptcy? – Sasha

“Dear Steve, Lost my job a few years back. Got behind on my mortgage & my already high interest car payment. Filed Ch. 13 in 2011 after starting another job that wasn’t paying a lot. Now I’m working making better money but I don’t have a lot of money left after paying my bankruptcy payment. [...]

How to Know if You Should File Bankruptcy

If you are in financial trouble and struggling to make payments, tapped out, you’ve spent down savings, or living month-to-month, then bankruptcy is worth a good hard look. Below you will find a number of links to posts, articles, and calculators to help educate you about the realities of bankruptcy. Many people carry a lot [...]

Fee Only Chapter 13 Bankruptcy Upheld. Gives Consumers an Interesting Bankruptcy Tool.

Now here’s an interesting situation, a U.S. Court of Appeals upheld the bankruptcy filing of a woman who was just existing on social security benefits and food stamps. The woman originally filed a chapter 13 bankruptcy after trying and failing to negotiate a repayment plan she could afford with her creditors. The filer, Patricia Crager, [...]

Bankruptcy Filers Eligible for New Mortgages in as Little as One Year

For those who have declared bankruptcy, it may feel as though you’re on financial probation for up to 10 years, since that’s how long a bankruptcy can stay on your credit report. However, mortgage borrowers could be eligible to apply for a home loan in as little as one year following a bankruptcy. “If you [...]

We Have Our Chapter 13 Meeting With Creditors But My Spouse Can’t Be There. – Nicole

“Dear Steve, Filed a joint chapter 13 Our creditors meeting is in a couple days, my spouse Had to go Out of town & can’t make it, can I just go by myself Nicole” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of [...]

My Chapter 13 Bankruptcy Was Dismissed. Wells Fargo is Suing Me. What Now? – Gina

“Dear Steve, I am being sued by Wells Fargo Attorney for a credit card debit, I’ve attempted by letter to attorney to state my circumstances and that I was willing to pay 33% of the bill in full, however they still proceeded to file. What should I do at this point. I’m willing to pay [...]

Filed for Chapter 13 Bankruptcy Two Years Ago and Can’t Afford the Payments. – Dani

“Dear Steve, Filled for chapter 13 2 years ago. Cant afford payments My fiancé filled for bankruptcy 2 years ago because him and his exwife maxed out the mortgage on his decreased parents house that was at one time paid off. The courts ruled that she didn’t have to pay a dime towards something She [...]

Are You a Great Bankruptcy Attorney or Do You Know of One? We Want to Know.

We’ve recently launched our new bankruptcy attorney directory at bankruptcy.getoutofdebt.org. Our hope is that we can make it easier for bankruptcy attorneys to be found by readers and that we can feature one attorney in each city. Filing bankruptcy is most often a nerve wracking experience. It’s less because of the actual process and more [...]

What the Full Set of 2011 Bankruptcy Tells Us About Consumers With Debt

The most recent annual publication of bankruptcy data is out from 2011. Compared to 2010 there was an 11 percent drop in bankruptcy filings, a 23 percent drop in filer assets, a25 percent drop in filer liabilities and a 28 percent incidence of repeat filers. Despite of what many debt relief company sites claim that [...]