Articles and posts about consumer bankruptcy can be found here. Chapter 7 bankruptcy and chapter 13 bankruptcy are the most common topics covered.
“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 …
“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 …
“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 …
“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 …
“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 …
“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 …
“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 …
“Dear Steve, 35,000 in debt to credit cards, and barely able to pay the minimum payment each month after paying all other bills. Credit cards are often used to supplement income, and there is no end in sight to pay these cards off. Is there a legitimate Government program or a program that does not …
“Dear Steve, Invested in my business using personal credit cards. Business no longer viable and have no income to continue paying down the credit card balances. Have been put on a hardship program…5yr, reduced payments, simple interest. Balances are reducing quicker but with no income, I cannot continue paying them. Applied for jobs, with no …
“Dear Steve, I work for a non profit company and provide financial education. I have come to a conclusion on bankruptcy and I wanted your opinion. I have a client who fell sick three years ago, and her credit report shows this. All her bills were not payed all in the same month and year. …