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Bankruptcy Related

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 »

    Should I File Bankruptcy at the Risk of My Family?

    Road to Recovery Sign

    “Dear Steve, 2005 I earned a few hundred thousand I could invest. Being young I took a risk, I provided a bridge loan of $135,000, Prepared by and attorney. In the same year I loaned the money the loan defaulted. So I wrote off the loan through the advise of an attorney and accountant. I was audited by the IRS ... Read More »

      How Far Behind Do I Need to Be to File Bankruptcy? – Jay

      middle age couple

      “Dear Steve, Live in Colorado, it’s the usual situation where there have been cut backs at work (outsourcing rrrr) and we are we will begin to fall short on CC payments by our calculations. We estimate maybe $ 200 probably depending on the sequester and barring other fun surprises and stuff. I much do you have to be short a ... Read More »

        I Never Want to Have Credit Cards Ever Again After Our Bankruptcy. – Denise

        mother and son

        “Dear Steve, In June 07′ my family moved back to Iowa from CA after my mother passed away, I used my inheirentence money to purchase a home on 5 acres. We remodeled the house and i had put the majority of my money with a local investor through the bank I had my mortage. To make my story short, the ... Read More »

          I Filed Bankruptcy But My Husband’s Mortgage With Bank of America Was Discharged. – Paula

          No Way!

          “Dear Steve, Divorced husband kept mortgage as long as I made payments which I have continued to do so. Divorced I got the house but mortgage stayed in ex husbands name ..I filed bankruptcy and they discharged ex husbands mortgage on the home.. Bank of America won’t fix it even though I am not on the loan . So ex ... Read More »

            I’m Way Deep in Debt But Signed for My Husband’s Line of Business Credit. – Carolyn

            couple working

            “Dear Steve, I am self employed, and my husband is a partner in his own business, both of which were majorly affected by the recession; our incomes fell almost 80%. I spent way too much time and money trying to keep my employees and office before shutting it all down and now work by myself from home. My husbands business ... Read More »

              My Chapter 7 Bankruptcy in Tennessee Was Horrible. – Shirley


              “Dear Steve, Im 62 yrs old, Im a widow. Im in chapter 7 bankruptcy in western tn. and its the most horrible thing ive ever experianced. I live 5 miles in the country in a double wide trailer on 1 acre. I am apx, 60,000.00 in dept, all but 6500. is unsecured credit cards. So far the trustee has had ... Read More »

                Can We End Our Chapter 13 Bankruptcy Early? – Art

                Bankruptcy Road Sign

                “Dear Steve, we thought we had a good modification only to find out 2 and half yrs later it wasnt…so we filed ch 13….since filing we obtained a good modification, signed agreed and going well…we also have pd off our vehicle loan through this ch 13…..believe debt left is some very small medical bills…seems we could benefit more now by ... Read More »

                  Bankruptcy Isn’t an Option. We are Getting Divorced and Creditors are Calling. – Jennifer


                  “Dear Steve, Divorce pending, upside down on house we’ve had for 16 years (don’t qualify for the HART program for re-fi), two credit cards are maxed ($27,000+) and now we’re both paying rent/mortgage since I moved out into a condo. It’s put a huge strain on the finances with additional monthly costs associated with the second house. Something has to ... Read More »

                    We are in Our Late 60s, in Debt, and Afraid. – George

                    middle age couple

                    “Dear Steve, Married; living in Texas; age 67 & 66; owe credit cards about $60,000+; Social Security income = about $1500/month; part-time jobs = about $1200/month; own our home (house built in 1908 by great great-grandfather); current on all payments. (Debt is some medical and restoration expense of house to start a B&B that failed.) Main expenses besides utilities and ... Read More »

                      Life After Bankruptcy: How to Quickly Have Great Credit and Dumb Mistakes to Avoid

                      With a little education and guidance your life after bankruptcy will be awesome.

                      So you filed bankruptcy. Congratulations on taking steps necessary to deal with your old debt and get the legal protection and fresh start you are entitled to under the law. Your journey isn’t over though. The best days are now ahead of you but you will need to take action to rebuild a better financial future. Below you will find ... Read More »

                        We Spent All of Our IRAs And Still Deep in Debt in Hawaii. – Gayl


                        “Dear Steve, Lost my good paying professional job 2 yrs ago. Have worked less than part time since due to chronic health issues and economy downturn. I’m 55; husband is 65. Spent savings on getting a shop built at our home so he could run his woodworking business at home vs paying high rent. Last year was lean…husband nor I ... Read More »

                          We Are Currently in a Chapter 13 Bankruptcy. Where Can We Get a Loan? – Sherri

                          Magnifying Glass - Q&A

                          “Dear Steve, I applied for bankruptcy in Summer of 2011. I am wondering if it is possible to obtain a loan while you are currently in bankruptcy? My husband and I would like to do some work on our home and he will need a new vehicle very soon. The car he currently drives is in the bankruptcy proceedings, but ... Read More »

                            I’m Scared, Engaged, Pregnant and Terrified. – Alex

                            Sleepless woman

                            “Dear Steve, I got married in Sept 201 and unfortunately he ended up being the wrong person and abusive. I am still in the process of getting divorced. I racked up around 30k in credit card debt from the wedding and now for paying household and dily expenses on one income. I am living in the house which is still ... Read More »

                              I Do Not Want to File Bankruptcy and Want to Avoid Credit Cards Forever. – Carin


                              “Dear Steve, I am a high school teacher-same school 24 years. We had a house fire 4 years ago, fought insurance company, ran up credit cards, then paid them all off. Then my husband’s job was disappeared; found a new one-not paid; now fighting the owner for non payment, looking for another. Credit cards maxed out. I want to pay ... Read More »

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