Tag Archives: filing bankruptcy
- Bankruptcy Filings Spike With Tax Refunds
A recent paper from the National Bureau of Economic Research has found that tax refunds create a spike in bankruptcy filings by as much as 7 percent. The reasoning behind this spike is due to households needing to file bankruptcy but not having the cash on hand to actually declare bankruptcy. The tax refunds actually [...]
- How to File Bankruptcy Yourself
Here is an overview about how to file bankruptcy yourself and what to expect. Businesses must have a lawyer or attorney to register a bankruptcy case. Individuals, can, may represent themselves in bankruptcy court. While people can file a bankruptcy case without a attorney or “pro se,” it is seriously difficult to do it competently. [...]
- 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 [...]
- My Wife and I Are on the Brink of Filing Bankruptcy. – Chris
“Dear Michael, After a long lay off I started back to work but at a lower pay scale. we had used the credit cards to get by. Now we owe about $850 a month in Credit Card payments. My wife and I are on the brink of filling Bankruptcy. If we did choose to file [...]
- If Bankruptcy is a Smart Move for Borders. Why Do People Needlessly Add Stigma to Personal Bankruptcy?
photo © 2008 Ruthanne Reid | more info (via: Wylio)So the big bookstore Borders filed for bankruptcy today. It always surprises me that consumers place such stigma on personally filing for bankruptcy but when companies do it they are applauded for doing the right thing to keep the company going. Border president Mike Edwards said, [...]
- I’ve Been Thinking About Bankruptcy. – Bob
“Dear Steve, My wife and I have accrued about 90,000 in credit card debt over the past 4-5 years and the more we pay the more we seem to owe. I need help to determine my best route to get out of this debt, I have been thinking about bankruptcy Bob” The Answer: Dear Bob, [...]
- What State Do I File Bankruptcy In? – Kris
“Dear Steve, I am currently living in Nebraska and have been since April 1st 2010. My drivers license is from Michigan at my parents address and has been since July 2008. In July 2008 I had made this my permanent address while I spent a year in South Korea; from July 2008 to July 2009. [...]
- I Sit Down With a Bankruptcy Attorney and Talk About Filing Bankruptcy – Get Out of Debt Podcast
Here is the latest Get Out of Debt podcast. I had the opportunity to sit down with Jeff Jackson, a bankruptcy attorney from Ohio and talked about many different aspects of bankruptcy including: The fear of approaching a bankruptcy attorney. Common questions and concerns when people are considering bankruptcy The benefits of bankruptcy to stop [...]
- Deborah Wants to Write Letters to Creditors. But is That a Waste of Time?
Deborah “Dear Steve, I have over $30,000 of debt. Most of this is credit card debt but almost as much is medical (doctors, emergency room, ambulance, nursing home, etc.) I thankfully had insurance that paid 80% of those bills. I am disabled now. I have just recently begun getting a disability check ($677.00/month) I have [...]
- Can I Just Tell The Debt Collector That I’m Going to File Bankruptcy to Stop Calls? – Stephaine
Stephanie “Dear Steve, I have debts and get calls all day long, but I’m to far behind to pay any of them. I just started back working part-time recently and I’m already about to have a pre confrence with another debt collector,but I know it will be more summons to come from others. Can I [...]
- Chandra Wants to Know How to File Bankruptcy For Free
Chadra “Dear Steve, My mom is 56 years old and disabled and has credit card debt she cant afford to get a lawyer to file bankruptcy is there any way she can file for free and eliminate this debt. Chandra” The Answer: Dear Chandra, Many people are surprised that there are fees involved to [...]
- Recent Searches for Debt Advice
I thought you might be interested in some recent search requests from visitors. It helps to give you a snapshot of what is on the minds of people looking for help. hide phone number from debt collectors how to get out of deebt experts advice on getting rid of debt better management of credit rating [...]
- I’m Being Sued But I Want to Avoid Bankruptcy. – LG
“Hi Steve, I’ve seen your site and thank you for your work. I need an advice from you regarding my financial situation.I have a debt which would amount to approx.$48k in credit card and a car loan of $13k. There’s a pending a lawsuit for Jan.4 and another on Jan.20. I’m trying to stay away [...]
- Is It Bad to Go Bankrupt? What Does it Feel Like to File Bankruptcy?
Life is ironic some times. Here I was someone growing up that thought that people that found themselves bankrupt were messed up in some way. Yet in 1990 I found myself in bankruptcy. I learned that living through bankruptcy is a whole lot different and that for all those people before that, whom I might [...]
- Can American Express Sue Me While My Bankruptcy Attorney is Preparing My Case? – Jane
“Dear Steve, My husband and I had a business that we ended up closing as we got into severe debt. We closed it in 2008 june. We had nearly 180,000 dollars in debt and we took it as a personal loan as well as credit cards. We were paying all our loans and credit cards [...]