Articles and posts about consumer bankruptcy can be found here. Chapter 7 bankruptcy and chapter 13 bankruptcy are the most common topics covered.
Question: Dear Steve, I struggled with some mental illness and got lost in debt – I couldn’t face it, so I ignored it. I was sued by three creditors and didn’t show up for court. I know. I am an educated person, so I know what this looks like, making it worse. Will the law … Read more
Question: Dear Steve, My husband (of 3 years) and I together make approximately $105k a year, but our debt has gotten out of control due to a job loss and stupid credit card usage. My husband joined a debt relief program through Liberty Lending, which we still have roughly two years to complete ($24k). That … Read more
Question: Dear Steve, I’ve gone bankrupt two times, which is not on my credit report and not an option this time. I have too many revolving credit accounts with balances that I have not paid for four years. FICO scores are 510 and below. With four in collections and four judgments. I have been to … Read more
Question: Dear Steve, My husband and I have been married for 12 years and we have 2 kids together. A boy and a girl. I am a stay-at-home mom my pregnancies are hard and I am on bed rest from beginning to end. I needed ultrasounds every other week and my husband had to take … Read more
Question: Dear Steve, Should I file for bankruptcy? I’m making 60k a year and have about 35k in debt, in which I’ve been making minimum payments for the last 14 months. It feels like I’m getting nowhere. This debt seems like it would never clear. Please advise. Bee Thank you Answer: Dear Bee, The honest … Read more
Question Jon, I currently live in America, but hold dual citizenship in both the US and UK. I am serious debt here in the US as a restaurant I started 5 years ago is looking at bankruptcy and liquidation here in the US. My question is I am considering moving back to the UK and … Read more
Question: Dear Steve, I filled for Bankruptcy Chapter 13 five years ago, and it was discharged last year. I included my student loans, private and federal. National Collegiate Student Loan Trust refused was contacted to submit their claims but refused. Now that I am out of bankruptcy, they are trying to file a judgment against … Read more
Question: Dear Steve, Today a woman came to my door and served me papers. The papers state I am being sued by Wells Fargo Bank for credit card debt totaling over $8900. In March of 2017, my husband was hospitalized for extensive infections on his feet and toes. He was diagnosed with MRSA. On May … Read more
Question: Dear Steve, I filed chapter 13 in August 2013, then converted to chapter 7 in late 2017. I’m not sure if this is necessary to assist with answering my question but when I converted I had a relatively small amount left to pay under my chapter plan. In fact, once I converted, my finance … Read more
Question: Dear Steve, I will try to consolidate the story… The house I live in was purchased in my deceased husband’s name only. After 12 years of marriage, you would think you know someone but I found out at the beginning of 2016 that he had molested our daughter at which time he was removed … Read more
Question: Dear Steve, I HAVE OVER 100 THOUSAND IN CREDIT CARD DEBT….I AM 70 YEARS OLD AND ONLY GET 850 A MONTH SS ..I AM IN A MESS HOW DO I FIND A GOOD LAWYER THAT ONLY HANDLES CREDIT CARD DEBT? CINDY Answer: Dear CINDY, It is easy to find a good local bankruptcy attorney … Read more
Question: Dear Steve, I want to file an Adversary Proceeding against the Dept of Education and Navient. Can you please give me an idea as to what kind of discovery, etc to expect from the Dept. of Education and Navient in a proved adversary proceeding. Also, any suggestions on arguing prong 2 of the Brunner … Read more
Question: Dear Steve, I have 25,000 in credit cards –I’m 85 years old–retired —my wife is still working she is 78—this is how I’m able to pay —she will not be working much longer–she does not know about the credit cards—I had no Int on all my credit cards for 12mos. In Feb of 2020 … Read more
Question: Dear Steve, I owe at least 60k on credit cards, 35k on a truck, 100k on a 30 yr fixed mortgage. House mortgage and insurance cost per month are about 1300, car note 630; credit card payments almost 1500. Our net monthly income is 4000 for a family of 5. after asking a debt … Read more
Question: Dear Steve, My mom was recently diagnosed with stage 4 liver and colon cancer and was given 2-3 years. She is currently in credit card debt for about 60K. She and my dad are retired and do not get a big paycheck from retirement. They own their home but still have a mortgage on … Read more