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, Several years ago, I was so overcome with debt I filed for bankruptcy. Three years later, I find myself in the same situation, overcome with debt because it’s easy for most to get loans even with a bankruptcy. I opened an account with a “debt settlement” firm, but I’m still struggling to … Read more
Question: Dear Steve, I graduated college in 2014 and made payments (got my co-signer off after 24 consecutive payments) until the winter of 2018. I stopped working because I had to stay home with my baby. Then I was in deferment. Covid 19 happened, and I’ve been in deferment since this month when my private … Read more
Question: Dear Steve, Due to the lockdowns starting in 2020, I fell behind on payments to credit cards with American Express and one other. I also traveled out of the country for what I thought would be a brief visit, but the world has been so unstable to travel, that the idea of traveling is … Read more
Question: Dear Steve, I was contacted today by a law firm stating that they have a court case against me for a debt to Providian National Bank (Chase Bank) in the amount of $4695.24 from 08/31/2001. They state that the last known payment on this account was on 03/28/2002. I filed a Chapter 13 Bankruptcy … Read more
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
