Latest Posts
Home > Ask The Get Out of Debt Experts > Bankruptcy Related

Bankruptcy Related

We Are in Our 70s, in Debt, and Out of Money. What Can We Do? – Gwen

Performance transparency seems to be hidden or missing.

Question: Dear Steve, My husband and I are both in our 70’s. He’s 79 soon to be 80 and I’m 76 soon to be 77. We have gotten ourselves into a lot of debt. ($50,000) We started our retirement with a total of $400,000. Through bad advice and my husband not paying any attention what to was happening with his ... Read More »

    My Bank Won’t Work With Me So I Can Pay My Debt

    Inside view of an antique combination lock of bank Mandiri in Jakarta, Indonesia

    Question: Dear Steve, The bank called me and told me that I must pay 12600 first before I can apply for account restructuring with an interest rate of 1%. I was not able to pay it as of now because I am jobless. What should I do or how should I respond to the threats of a law firm that ... Read More »

      Our Financial Situation is So Bad I Don’t Know What to Do. – Kay

      Businesswoman does the questions

      Question: Dear Steve, DEBT- Husband went from 280,000 to 100,000 income and we have an adult daughter that has drained our savings and retirement with substance abuse. Behind on everything- Mortgage 11 months just worked out payment structure ok there- fed taxes 117,000 had installments until this year waiting on verdict. 180,000 in student debt and 80,000 in credit card ... Read More »

        I Heard if I Make Token Payments I Can’t Be Sued. Is That True? – Oliver

        The Chevy Spark I drove recently.

        Question: Dear Steve, I started a collision repair business in 2011 and it started off well but it started dying out slowly but surly, the area kept getting worse and worse not to mention my rent was $2500 per month not including all of my other bills. So the scary part came when I had to make the decision to ... Read More »

          Should We File Bankruptcy Because of Business Debts?

          Writing Q&A, Questions and Answers on a blackboard.

          Money, Credit and Debt Advice – Get Out of Debt Guy Question: Is There Hope for Us in Bankruptcy? Dear Steve, We have roughly $80,000 in credit card debt. We have 4 children, 2 in college and 2 yet to go. We own a small business that we run out of our home in addition to my being a teacher. ... Read More »

            My Life is Hopeless. I Can’t Pay My Bills. What Can I Do?

            Avoid Bankruptcy Monster

            Question: I Can’t Pay My Bills. What Can I Do? Dear Steve, I’m so completely freaked out about my bills. I’m now so in debt and worried about it I can’t sleep, I’m depressed, and all my wife and I do is fight about money. I’m constantly telling my kids they can’t participate in any school events because I can’t ... Read More »

              Is There Any Hope for My Son to Bankrupt His Private Student Loans?

              Decision time

              “Dear Steve, My son has about 150,000 in private student loan debt. Which I feel is my fault as I filled out the paperwork and told him never to worry we would work it out and then the 2008 collapse. Could you recommend the best course of action for dealing with these. Filling for bankruptcy with an attorney or on ... Read More »

                I Filed Bankruptcy. What Should My Credit Report Look Like?

                credit good

                “Dear Steve, I filed chapter 7 bankruptcy in October 2009 and the disposition date was March 2010. I am currently reviewing my credit report, as a means of disputing any inaccuracies found on the report. Issue 1: On credit report A under public record it states that I have a $0 claim amount and a $0 liability amount. On report ... Read More »

                  My Elderly Mother is Struggling in Credit Counseling. What About Bankruptcy? – Tracey

                  Sad Elderly Lady

                  “Dear Steve, My mother is 77 years of age. Her memory is no longer the best for her finances and she gets confused as to who gets paid what and how much. the debts, even though she doesn’t even use the cards but one walmart for groceries the interest rates and payments have gone over the roof so to speak. ... Read More »

                    I’m Disabled, Filed Bankruptcy, But Still Owe on Student Loans

                    gears

                    “Dear Steve, I was hit by a drunk driver, suffering several acute compression fractures in my neck and back, ribs, discs, etc…and was wheel chair bound. Fortunately, I recovered well, and am more functional than any of treating physicians expected. I was attending the University of Davis, California at the time ( 1991 ) when accident happened. When I was ... Read More »

                      My Child Support Counts as Income Says the Bankruptcy Trustee

                      Divorce

                      “Dear Steve, I was divorced 6 years ago and did not received child support for 4 and 1/2 years and gave my ex $25,000 as part of the equity in my home. I accumulated credit card debt trying to maintain the lifestyle of my kids and take care of them. I filed chapter 13 14 months ago and my case ... Read More »

                        I’m Going to File Bankruptcy. Do I Just List My Student Loans? – Jayna

                        Travelers Reflection

                        “Dear Steve, I am claiming bankruptcy and have been unable to secure steady employment since graduation. How would I file my papers to request the discharge of my student loans. Some are private through Well Fargo with a co-signer and some are student loans starting in 2002. The total amount is around $60,000 Jayna” Dear Jayna, You should really work ... Read More »

                          I Filed Bankruptcy and Listed My Student Loan Debt. – Kevin

                          Winter Latice and Pergola

                          “Dear Steve, I had my bankruptcy discharged in April, 2013. I just read your article on discharging student loans, and did not see the school on the list that I attended, I have a loan from sallie mae that is currently with a collection agency. Is there a amendment or special request I can file to see if I can ... Read More »

                            I Died Last Year. Should I Go Bankrupt? – Gary

                            Wrecked and Abandoned

                            “Dear Steve, I am broke had a heart attack last year and died for 4 to 6 minutes. I borrowed 55,000 from the bank for a business which is not about anymore. My wife did not sign on the loan at the bank either. She has a business now and helps me live by giving me a 50.00 per week ... Read More »

                              Can I Get Rid of My Culinary School Loans in Bankruptcy? – Daniel

                              chef

                              “Dear Steve, I went to a for-profit culinary school in 2003. They did not receive accreditation until 2004. I have been struggling with private loan debt (montly payments upwards of 1,100 per month originally) since. I had them consolidated in 2007 at a 4.5% rate. Given that my school did not receive accreditation until after I completed courses, would I ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.