Tag Archives: filing bankruptcy
- 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 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 [...]
- Can I Just Tell The Debt Collector That I’m Going to File Bankruptcy to Stop Calls? – Stephaine
Stephanie 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 [...]
- Chandra Wants to Know How to File Bankruptcy For Free
Chadra 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 [...]
- 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 [...]
- Should I Tell My Creditors I Am in the Process of Filing Bankruptcy? – Sofia
“Dear Steve, I have $57,000 in credit card debt, famiy of 4, income of $41,000 a year. I also own a home which is worth about $130,000. I am current on the mortage. Last month, I stopped paying my credit cards and brought my utilities and insurance up to date. I qualify for Chapter 7. [...]
- 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 [...]