Tag Archives: is bankruptcy right for me
- To go bankrupt or not? – Chris
Hi, I’ve got about $35,000.00 in credit card debt, primarily work expenses from my last job. I was laid off six months ago and have been unable to make any payments on the credit cards since. I’ve also had a car repossessed and after auction owe about $16,000.00 on it still. I don’t think the [...]
- I’m Confused About Bankruptcy or Debt Settlement. – Nathalie
“Dear Steve, Like a lot of people on this site I am in a difficult situation. I wrote to you about my case a few days ago. I got an answer and I am a little confused because from what I have read for other people, it looks like the answer is most of the [...]
- Is Bankruptcy the Best Option for Me? – Antonina
“Dear Steve, I am the only income earner in my family, it’s me, my 2 young children and my fiance who stays home with the kids. I make about 55K per year, but we stuggle every month. Our rent is $1000 per month. I had an SUV and paid $400 per month for it, the [...]
- Bankruptcy or Debt Reduction. What Should I Do? – Brenda
My question is which is the best alternative: dealing with a company who promises to help reduce of eliminate the debt or file bankruptcy? Total credit card debt is around 40,000 and am keeping up the minimum payments but looking at the interest rates, the debts are likely not to be paid until years from [...]
- I Was in a Bad Relationship Which Has Left Me in Major Debt. – Cynthia
“Dear Steve, I was in a bad relationship in which has left me in major debt. I have not been able to keep up with payments, a debt consolidator slipped through a payment in which my checks are now being garnished by 25%. I cannot afford for my debt to take over. I want to [...]
- 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 [...]
- Is Bankruptcy Really For Me at 70? – Frank
“Dear Steve, Hi Steve. I came across your reply to suggesting bankruptcy too often while checking the site. I am hoping you will be able to advise me regarding my huge debt situation. I am a 70 year old man on social security and a small monthly pension. My income at this time is around [...]