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Bankruptcy Related

My Husband’s Trucking Business Failed and He Lost It. Should We File Bankruptcy? – Sally

truck

“Dear Steve, My husband lost his trucking business 2 years ago, in turn, we lost our house to foreclosure and turned in our tractor trailer to the credit union. We bought our in-laws house, so we have a place to live. We are paying their mortgage and deed is still in their name for now. After the credit union sold ... Read More »

    We Filed Chapter 13 to Save Our House But Can’t Keep Up With Payments. – Jennifer

    Drowning swimmer

    “Dear Steve, My husband filed chapter 13 in Dec 2012 to save our home and we just cannot make the large payments….most of the bankruptcy payment is the house debt. Chase says we now owe $286k and our home is only valued and purchased at $254k. Should we surrender in chapter 13 we are 2 months behind now again? Our ... Read More »

      Will My Mom Paying for Me to Go on a Vacation Hurt My Chances of Filing Bankruptcy? – Dave

      IMG_4149

      “Dear Steve, Situation * I will be filing Chapter 7 bankruptcy. Most likely this will be filed by my attorney next week. I have a large amount of credit card debt and can no longer even make the minimum payments on them. My daughter will be graduating high school in June and I will be turning 50 yrs old. As ... Read More »

        I’m Retired, Sick, Poor, and Deep in Debt But I Want to Avoid Bankruptcy. – Jim

        heart

        “Dear Steve, I am 68 years old. I worked my life in the Title Insurance Business. I have a High School Education – only. I have taken classes at a University and other classes that I could sign up for and gain more knowledge. I finished my career in 2007 as I was diagnosed with Congestive Heart Failure. I owe ... Read More »

          MRS Associates Keeps Trying to Collect a Debt Discharged in Bankruptcy. – Katie

          Fight Back - Red Button

          “Dear Steve, I filed chapter 7 bankruptcy in 2012. On my credit report, the debt that is under MRS Associates states that it was discharged through bankruptcy. But I am still receiving letters in the mail from MRS trying to offer me a settlement amount for me to pay. Is it legal for MRS to still be sending me these ... Read More »

            Can I Get a New Credit Card While in My Chapter 13 Bankruptcy. – Rich

            Woman Whispers a Secret

            “Dear Steve, I am paying regularly on a Chap 13 plan and I’m about 2 years in out of 5. I have always been on time with this payment, my mortgages and cars. I have no other outstanding debts. I did accept a very low limit credit card just to use and then pay off every month. How do you ... Read More »

              Should I Stop My Payments if I’m Going to File Chapter 7 Bankruptcy? – Mandy

              Gratuitous use of a cute dog running picture.

              “Dear Steve, I’m over 19,000 in debt and am considering on chapter 7 bankruptcy…. I’d like to know can I stop all payments and if so, will I lose my car, which I need? And will I have to pay an attorney up front? Mandy” The Answer Dear Mandy, You should not do anything without first meeting with a local ... Read More »

                Will I Have to Tell My Husband if I File Bankruptcy? I Can’t! – Mandy

                Super Hero - Female

                “Dear Steve, I have approximately $50,000 in credit card and personal loan debt. Living paycheck to paycheck and counting change to make it. Not enough to cover all the bills each month. I pay the minimum monthly payment due on the credit cards and then have to turn around and use that card to pay a utility bill with it ... Read More »

                  Should We File Bankruptcy When Our ARM Adjusts? – Mark

                  money down the drain

                  “Dear Steve, Support and live with wife and 3 children–23, 21 and 14 years old. I am 48 yrs. old Yearly income is $74,000/about $5050/month net Current on all bills and payments–have never missed a bill payment of any type. No extra money after bills per month. Job is secure but income will not increase much if any in the ... Read More »

                    We Are Both Out of Work and About to Lose the House. Should We File Bankruptcy? – Maria

                    qa7

                    “Dear Steve, My husband loses his job as of this year in a couple weeks. Due to family illness, I lost my job 2 years ago. He is in his late 60’s & I am 60. Due to all foreclosures in my area, unable to sell house for what we owe. We would have to pay out almost 9-15k to ... Read More »

                      Can My Creditors Garnish My Assets in Texas? – Mary

                      closeup of a gavel on cash, from above

                      “Dear Steve, I have not paid my credit card payments for over 5 months due to the recession. I cannot afford to restructure them at this time because I am under employed and expect to be so forever due to my age. I live in Texas. Can one or all of the credit card companies garnish all or any part ... Read More »

                        I Filed a Chapter 13 Bankruptcy and a Creditor Got a Judgment Against Me. – Joanne

                        monster under bed

                        “Dear Steve, I filed for Bankruptcy in 2010, while in the process of doing so one of my creditors went to court to receive a judgement against me. This company was informed that I had filed for bankruptcy but pursued there claim. On my credit report it shows that I have a judgement against me however they have never pursued ... Read More »

                          I Am an Unemployed School Principal, Drowning in Debt and Getting Divorced. – Jennifer

                          Woman in home office with computer and paperwork frowning

                          “Dear Steve, I will soon file a joint bankruptcy with my husband and then get divorced. I owe $170K on my foreclosed house and $154K on students loans. I was a principal and my school closed in 2011. I have gone through unemployment and now live on child support ($570/month) and food stamps. After 15 year of experience, I am ... Read More »

                            Struggling, No Savings, and Family is Telling Me to File Bankruptcy. – Kimberley

                            Mature woman confused

                            “Dear Steve, 53, steady income 57k, additional income from roomate of 25k, only assest 2008 car, mortgages 324k, cc debt 28k, 80k in retirement but no savings. Considering chap7 to eliminate cc debt. Current but struggling due to additional income of roomate has decreased due to medical problems. household expenses and mortgages are consuming most of the current household income. ... Read More »

                              I’m a Christian. Is Bankruptcy Moral? Will God Hate Me? – Maggie

                              Arms Open

                              “Dear Steve, A number of years ago my husband and i had unfiled tax returns. the state taxes got filed and paid but not the federal returns. one year we were behind and had not paid in enough. it snowballed from there. they never came after us, but i felt awful so we gathered them up, filed them all at ... Read More »

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