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, “It has become increasingly clear that in light of …
“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” Dear Bob, I think …
“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. …
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 …
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 …
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” Dear Chandra, Many people are surprised that there are fees involved to go bankrupt and …
“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 …
“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 …
“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. …
Yesterday, Pam and I decided that we wanted to buy a new motorcycle that had been the 2008 dealer demo and only had a few hundred miles on it. We decided to buy a 2008 Honda Goldwing, a big touring bike but an awesome ride. We have some trips coming up that we are going …