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Bankruptcy Related

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” The Answer Dear Jayna, You should ... 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 »

                        Is It True My Brother With Mental Illness Can Eliminate His Student Loans? – Josh

                        Desperate

                        “Dear Steve, My younger brother has been diagnosed as a paranoid schizophrenic. He has fought bouts of depression, hallucinations, and paranoia for the last 5-6 years. He has been on numerous different powerful drugs to help him. He, thank god, has finally found one that helps him with some of his symptoms but no way near is he the same ... Read More »

                          I’m in the Marines and Contemplating Suicide. Can I File Bankruptcy? – Larry

                          Military Flag

                          “Dear Steve, Steve, I am a Master Sergeant in the Marine Corps and have made some mistakes w/ debt. I got 2 credit cards and 1 personal loan ($40K total) that my wife didn’t know about so I could gamble. Needless to say I lost a lot of money and when it was all said and done I was contemplating ... Read More »

                            My Car Was Repossessed, My Wages are Garnished and I’m Not Sure if Bankruptcy is Right for Me. – Nancy

                            body outline

                            “Dear Steve, I have gotten myself into some serious financial problems. While I know that mine is not as bad as some I am behind on every bill and my car was repossessed last night. I am a single mother to 3 girls and I yes I do have a full time job. My husband passed away in 2003 so ... Read More »

                              Will Our Second Mortgage Vanish After Our Chapter 13 Bankruptcy? – Lisa

                              Mature woman confused

                              “Dear Steve, My husband and I filed a CH13 in efforts to save our home. 2nd mortgage was stripped and court. 4 months into bankruptcy, trustee felt we could pay 100% of debt which we would be paying a lot more than what we were originally paying overall. We pulled out of BK and got a modification for our home. ... Read More »

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