Tag Archives: chapter 7 bankruptcy
- Will My Chapter 7 be Reported for 10 Years From the Filing Date or Discharge Date? – Dan
“Dear Lewis, I understand that a Chapter 7 Bankruptcy remains on a credit report for 10 years. Is this 10 years from date of Filing? Or 10 years from the actual Discharge? Thank you in advance, Dan” The Answer: Dear Daniel, Yes, it can stay on your credit for up to 10 years. I honestly [...]
- All About Bankruptcy – Chapter 7 Bankruptcy – Chapter 13 Bankruptcy
Article I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies.” Under this grant of authority, Congress enacted the “Bankruptcy Code” in 1978. The Bankruptcy Code, which is codified as title 11 of the United States Code, has been amended several times since its enactment. It [...]
- Do I Have to Pay My Second Mortgage Home Equity Loan After My Bankruptcy? – Julie
“Dear Lewis, I filed Ch. 7 bankruptcy last year. I did not file on my 1st home mortgage or my 2nd mortgage – home equity loan and chose to continue paying them. I never signed any reaffirmation statements after the bankruptcy. Recently my loan officer pulled my credit and saw that my reports show I [...]
- I’m Currently in a Chapter 7 Bankruptcy and My Attorney Told Me Not to Make My Mortgage Payment. – Ed
“Dear Lewis, I am currently in chapter 7 Bankruptcy. My home is worth 315,000 and the court is getting an appraisal as ordered by the trustee. my home is worth about 380.000 dollars and I have had had contractors over giving me estimates on work that is needed. so far the roofer gave me an [...]
- Is Debt Settlement an Option if I Can’t File Chapter 7 Bankruptcy? – Becky
Recently-well 2 years ago had a foreclosure. My ex and I split up and attempted a short sale and it fell through and they foreclosed on the home without us knowing. To mak a long story short, I was told by multiple financial advisors and lawyers that a reaslistic option with my credit card debt [...]
- Should I Go Bankrupt or Do Debt Settlement? – Endeudado
“Dear Steve, I am 29 years old and 2 children and my wife. I am into too much debt that I am considering filing for chapter 7 bankruptcy. I owe 30,000 dollars in credit card debt. I have a mortgage of 98,000, a car loan, and a student loan. I am not behind on payments [...]
- Do I Wait Out the Statute of Limitations or Deal With This Now? – Justin
“Dear Steve, Hey how are you I am 22 and live in Philadelphia area the law states here (i think) that 4 years is the limit for creditors to come after me. Two and 3 years ago I was having too good of credit for my age and was extended an 2000 unsecured bank of [...]
- Is Bankruptcy Right For Me?
Bankruptcy Basics Most people think of bankruptcy as a process in which you go to court and get your debts erased. It’s not that simple. In fact, there are two types of bankruptcy: the familiar liquidation bankruptcy, where your debts are wiped out (Chapter 7 bankruptcy) and “reorganization” bankruptcy, where you partially or fully repay [...]
- I Filed Chapter 7 Bankruptcy But I’m Scared What I Will Face. – Lee
Lee wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- The Five Myths About Bankruptcy. Watch the Video.
Thanks to Twitter I discovered a new video out of a news story on the five myths about bankruptcy. The myths are: You should be dead broke until you file for bankruptcy. Bankruptcy ruins your credit score. You lose your home if you go bankrupt. You should max out your credit cards before going bankrupt. [...]
- Slowdown nails contractors: Dozens of Idaho small business owners
Slowdown nails contractors: Dozens of Idaho small business owners … Idaho Business Review, United States - 2 hours ago Most of the rest of their liabilities consist of medical bills, a car loan and credit card debt . ยท Boise home builder and contractor Russ Iverson filed for …
- Navy Tells Jonathan to Contact Me For Advice
Jonathan wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]