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Bankruptcy Related

Will I Be Able to Buy a Car After Bankruptcy? – Gina

buying car

“Dear Steve, I am in the process of filing it will take place soon as I am done paying off attorneys fees , This is for a chapter 7..I got sick back in 08 and was unable to pay my credit cards ..so since then there are huge interest fees attached..and everything is in collections… I will want to buy ... Read More »

    So You Are Going to File Bankruptcy. That’s Good News. Congratulations.

    The decision to file bankruptcy should be a celebration.

    Here is something you don’t expect to hear people say, “If you file bankruptcy your life will get better.” Well, I did file bankruptcy and my life did get better. Within three years after our bankruptcy we had purchased a house and before that had rebuild great credit using secured credit cards. In fact for me, my financial failure and ... Read More »

      I’m So Afraid, Scared, and Ashamed About Bankruptcy. – Jack

      afraid alone

      “Dear Steve, I’m 75K in credit card debt. My take home pay is 3136 a month. My monthly expenses plus credit card bills equals 3172. I have $900 in savings. This doesn’t include my $5100 tax bill due in 6 months or groceries. I’ve been barely able to make ends meet and I put groceries on my cc. Now I ... Read More »

        How Quickly Does Bankruptcy Protect Me From My Creditors? – Mary

        Bankruptcy Road Sign

        “Dear Steve, 58yo..unemployed for a few years.due to layoff….maxed credit cards and behind by 6 months. Just gave my BK paperwork to attorney. I believe that due to my poor credit, I cannot find a job. Having a hard time just paying the important bills. Discover has now stated they will either give me to collections or to an attorney. ... Read More »

          My New Husband Says Bankruptcy is Out of The Question. He’s Against It. – Susan

          stressed

          “Dear Steve, I have credit card debt of about $12,000 on top of my student loans which total about $22,000. I am not proud of the situation I am in. Living on my own and going to school (and being young and dumb) I used credit cards to get by and now they seem like they are never going anywhere. ... Read More »

            I Want to Give My House and Car Back and File a Chapter 7 Bankruptcy? – Sasha

            future

            “Dear Steve, Lost my job a few years back. Got behind on my mortgage & my already high interest car payment. Filed Ch. 13 in 2011 after starting another job that wasn’t paying a lot. Now I’m working making better money but I don’t have a lot of money left after paying my bankruptcy payment. Can I file a Ch.7 ... Read More »

              I Need to Walk Away From My Old House in a Crime Ridden Area. What About My HELOC? – Lynn

              crime scene

              “Dear Steve, First let me tell you Your site is so helpful and informative. A great service.Thank You I hope you can give me an answer, there are so many different opinions about this, but I trust yours. Live in NYS,went bankrubpt 2010,chap 7 discharge,no reafirm on mortgage. Heloc only 48000, no first. Have made all payments since. Things have ... Read More »

                I Filed Bankruptcy With Macey Bankruptcy Law and They Told Me Not to Pay My Mortgage. – Aubrey

                qa7

                “Dear Steve, I filed bankruptcy with Macey Bankruptcy Law, in September 2012, at the time my mortgage payment was current, I was told not to pay my Sept 2012 mortgage until further notice. I received a call form my mortgage company attorney at the end of October 2012, informing me that a letter was sent to my attorney office for ... Read More »

                  How Do I Consolidate My Credit Card Debt Into One Payment? – Michelle

                  black-hole

                  “Dear Steve, I would like to consolidate my credit card debt into one payment to lower my payments and can see a end date. What is the best way to do this and what company can help? I don’t have extra money to pay down. Michelle” Dear Michelle, That’s hard to tell just based on what you shared. But let’s ... Read More »

                    I Got Divorced and Want My Debt Forgiven Without Bankruptcy

                    Divorce papers and cash with misc items

                    “Dear Steve, My husband and I agreed to dissolve our marriage – quite frankly it was a relief to be out of the situation – unfortunately my foresight leaves much to be desired. I am now a single mom of 3 with a healthy mortgage (1st & 2nd), private health insurance, student loans ($34k +), a car payment, child care ... Read More »

                      Our Chapter 7 Bankruptcy Was Recently Discharged. Can We Buy a House and Have Good Credit Again?

                      future

                      “Dear Steve, I am recently discharged from Chapter 7 bankruptcy. My car broke down right after and we surrendered the other car which led to us being without a vehicle to get to work, school, doc appointments and so forth. We didn’t want to get in debt again so soon but had no choice but to get another car. So ... Read More »

                        I Might Get a Cash Settlement in the Future. Can I File Bankruptcy Now? – Jami

                        Bankruptcy Road Sign

                        “Dear Steve, My husband and I are currently in a fair amount of debt, living paycheck to paycheck. Sometimes having to use our credit cards to buy groceries or pay for gas 2 days after payday. I am looking for ways to get out of it, possibly by filing bankruptcy, but I am going to be receiving a small settlement ... Read More »

                          Can I Get Rid of My Mortgage in Bankruptcy and Keep My House? – Kim

                          Bankrupt

                          “Dear Steve, I am a single mom of three who teaches for a living. Teachers have not had a pay raise in 5 years but interest and living expenses continue to rise. I am trying very hard to pay all of my debt but it seems like something comes up all of the time that causes me to get behind ... Read More »

                            My Stepmother Turned Over My Forgiven Loan to a Collection Agency. – Cathy

                            closeup of a gavel on cash, from above

                            “Dear Steve, Several years ago my stepfather finally remarried after he and my mother divorced more than 10 years earlier. A few years later I was having a hard time and was between jobs. My stepfather offered to make me a $2000 loan to catch up on bills; he said it would have to be paid back monthly, starting when ... Read More »

                              We Are 65+. Our Business and Personal Real Estate Investments Have Tanked. What Should We Do? – Lou

                              New Construction

                              “Dear Steve, We have in the process of loosing everything after 45 years of working. Our real estate ventures in AZ plunged us in to a financial crisis when the market crashed. We continued to throw money at all the properties thinking & hoping the market would come back which it has not. Fast forward — now we are faced ... Read More »

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