Tag Archives: should i file bankruptcy
- My Credit Card Company is Threatening to Sue Me. What Action Will They Take? – Monica
“Dear Lewis, I got a green card 8 years ago after marry my american husband and loads of offers of credit cards droped in my mail box.I ‘ve got a lot of credit even without ask for. Back in my country I’d always been a great bank costumer with 5 stars check accounts. I used [...]
- Husband Died. No 401K. No Life Insurance. Should I File Bankruptcy? – Patty
“Dear Lewis, i lost mt job in feb 09 did not find work until sept 09. though my husband worked we where not able to make ends meet. we have still been struggling to make ends meet even after i found a job. but in jan 2011 my husband died, no life insurance, no 401 [...]
- I’m Moving Back With My Stepmother. Should I File Bankruptcy or Go With Credit Counseling? – Maya
“Dear Steve, I currently bring home $2500.00 per month and I have been fully employed in outside sales for the last year. I have credit card debt of $45,000.00. I am trying to bring in more income and cut my rent costs by moving in with my stepmother if she agrees. Barring a new position [...]
- 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, [...]
- 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 [...]
- Trisha is a Single Mom, Separated, and Facing Bankruptcy. What Should She Do?
Trisha “Dear Steve, I am a single mom and heavily in debt. I was living with my husband (we are legally separated) because of finances but recently I moved out. I am not behind on my payments at this time because I didn’t have to pay rent, utilities, etc. It is only a matter 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 [...]
- My Father Stole $25,000 From Me. – Drew
“Dear Steve, I’m 28 years old, have a 17 month old son, sole provider currently (my girlfriend is in nursing school). I have $28,000 in credit card debt, $15,000 student loan debt with Sallie Mae, currently trying to sell my house since I am quickly becoming unable to pay my mortgage. I owe my mother [...]
- Misty Didn’t Have Health Insurance And Got Sick. Now The Bills Are Rolling In.
Misty “Dear Steve, I have a large amount of medical bills coming in from when I didn’t have health insurance. On top of that I have about $2,000 in credit card debt and roughly $10,000 in student loans. I have another $2,000 from a loan I took out. I now have two judgements on my [...]