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Bankruptcy Related

I’m an Older Divorced Woman Who Has Not Been Good With Money. – Valerie

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“Dear Steve, I am an older divorced woman in her 50’s who has not been good with money. Now I am caught in the Recession, having lost 3 jobs in 15 months. I finally have a good job/career on the horizon (mid-March of this year), but feel I have made many money mistakes and have filed bankruptcy 3 times before ... Read More »

    My Husband is Now on Depression Medication and Ready to Deal With Our Money Problems. – Donna

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    “Dear Steve, My husband took over our bills several years ago. During that time he became depressed. To make a long story short, he is now on depression medication and ready to deal with these problems and they are big. We owe about 80,000 including student loans. We refi the house 2 years ago and it didn’t include the taxes. ... Read More »

      I Was Looking at The Debt Answer Instead of Impact Debt Relief for Debt Settlement. – Oscar

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      “Steve, I have unsecured debt of about $20,500.00 and have been looking at debt relief via a debt settlement company. I’ve been doing some online research on a few companies and I’d like to get your opinion on the company The Debt Answer. I read your review on Impact Relief and it just keeps getting worse for this option. Is ... Read More »

        Is It In My Best Interest to File Bankruptcy at This Point? – Eileen

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        “Dear Steve, I currently am financially strapped due to not getting child support over a year ago. I have been trying to find full time employment but that is not easy and my credit cards are getting behind because I only have so such money to pay on them plus household expenses. I contacted a debt settlement company but the ... Read More »

          Someone Said $50,000 is Not Enough Debt for Bankruptcy. – Michelle

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          “Dear Steve, We are keeping up to date on our credit card minimums barely. We have regular income, but now all of our minimums have increased with the new regulations. We have about $50,000 in credit card debt and we make about $65,000 a year. We used our tax check on some bills but are not even making a dent ... Read More »

            My Wife and I Are Legally Separated. She Was Served With Court Papers for a Debt. – Ron

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            “Dear Steve, My wife and I are legally married with 2 kids, but have been seperated for 3 1/2 years. Last week, she was served with court papers for one of our credit card debts. We have a few cards that have all gone to collections.(around $15,000) Here’s the problem. She and I are both unemployed, we have no money ... Read More »

              I Want to Make Sure I’m Not Hiding Assets in My Bankruptcy.

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              “Dear Steve, I am current on all bills (and have been) but one. I have not paid them for almost two years (my mortgage) and they have not gone to sheriff sale yet. I owe (they say) almost $500,000.00 on the mortgage. I have no assets currently but am negotiating a worker comp settlement. I have been told by different ... Read More »

                Should We Let Our Home Go and Start Over? – Jon

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                “Dear Steve, Primary residence in Calif. inital loan 150K in 90. refinanced 2 times now owe 300K. Also have helock for 73K and pool loan for 52K. Home was worth 525K in 08, but now worth 195-225K. Very upside down. wife is self employed and i teach. business has really dropped off and payments are a problem, plus reitrement is ... Read More »

                  I Want to Throw Away My Retirement to Settle My Debt. – Curtis

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                  “Dear Steve, Lost job and had business fail, filed Chap13 but not had hearing yet, wondering if settlement would be better/quicker route. Approx $130k unsecured debt. If settled for 50%) could borrow $50k from 401k, then use $15k bonus from next year to total $65k. Would clear creditors with 2 years. Not concerned with credit rating, nor phone calls from ... Read More »

                    Will My Bankruptcy Attorney Charge Me for Dealing With Court Papers? – Anna

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                    “Dear Steve, I am planning to see a bankruptcy attorney, but I have a few questions. I received court papers and I have a certain amount of days to respond. Will a bankruptcy attorney charge me separately for each? (filing for bankruptcy and the court papers) Also, what do you think about the legal aid society and bankruptcy? Thank You ... Read More »

                      I Refuse to Pay For Something I Can’t Afford. – Steven

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                      “Dear Steve, I owe 25K, am working a low-paying temp job, I’m 27 years old, hopeless. I owe (or owed) a total of $25,000 (probably more now, due to escalating interest rates) between two credit card companies, Capital One and Chase. I absolutely do not have the funds to pay it off. I had to stop making minimum payments last ... Read More »

                        We Need Some Answers About Our Chapter 13 Bankruptcy. – Ross

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                        “Dear Steve, My wife initially filed Chapter 13 in 2004 after she was laid off from her job. She made payments on time for 2yrs until she was laid off again in 2006. After 6 months passed she did not have a job and we could not afford the payments and eventually her case was dismissed due to non-payment. Fortunately ... Read More »

                          I’m Divorced and Don’t Know if I Qualify for Bankruptcy. – Betty

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                          “Dear Steve, I was sent a summons from Capitol One. Suing me for a $1000 cc balance. Divorced in 2007, custody of 3 young children. I am on a limited income of spousal support, child support, and a small amount of disability benefits. I paid on cc’s awhile until I couldn’t anymore. ex husband was supposed to pay half and ... Read More »

                            Which is Worse, Bankruptcy or a Write Off? – Jenny

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                            “Dear Steve, Bankruptcy or Writeoff? When it comes down to it which is worse? Is a debt write off from a company as bad as a bankruptcy? I have some funds coming soon and I was going to settle with them, but they tell me the debt is about to be written off. My question is do I let it ... Read More »

                              Should I Change My Chapter 13 Bankruptcy to a Chapter 7 Bankruptcy? – George

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                              “Dear Steve, hi my name is George and i’m in a real bad situation I filed a Chapter 13 3 years ago to try and save my home only to eventually lose it and I tried to keep things going after me and my wife moved out so I took a couple of payday loans out well it has spiraled ... Read More »

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