Question: Dear Steve, I have separated and have no assets except a 2006 Chevy SUV. I can afford my rent and one loan, but I can’t afford the credit card debt I piled up. Should I file for bankruptcy would be the third time, first though in this new county, or just stop paying? Tom …
Question: Dear Steve, I am 50 years old. I got separated ten years ago and moved out of my house. My one child is now in college. When I moved out, I made about $60k/Yr salary and $80K for the last few years and now, just recently, $90K. I claim married one fed, one state, …
Q: Is it legal for a mortgage company to all of a sudden demand a deferment balance from 10 years ago now, or will they foreclose on the home I am one month behind on the monthly payment? A: That sounds a lot like a balloon mortgage (a mortgage in which a large portion of …
Question: Dear Steve, My ex and I took out a HELOC before the divorce. She quit claimed the home to me. I recently settled w HELOC, and the balance of the debt was forgiven. My ex and I both received 1099-c forms. My debt was discharged through a chapter 7 bankruptcy. My ex never claimed …
Question: Dear Steve, DIRECT BUY Just added a collection to my credit report on 12/2019 pulling my score down significantly. In divorce I proved my ex husband was responsible for this debt and he agreed in writing as he wanted to keep the account for his contracting business although account was in both our names. …
Question: Dear Steve, I was stuck with the credit card debt after my divorce and had a bad year. I’m drowning in credit card debt $10,000 plus I have my teenager (full time local college student living with me – EMT) I work full time and part time. Monica Answer: Dear Monica, This situation is …
Question: Dear Steve, I have suffered through court proceedings for the past ten years with my ex. Divorce finalized In 2011, and I ended up filing for bankruptcy due to owing $40,000 in debt for attorneys. He continues to take me to court pro se (as you can’t keep somebody from filing petitions against you …
Question: Dear Steve, I have a client who divorced. He received a letter from the IRS stating he owes taxes on $19000 of canceled debt. He didn’t receive a 1099-C. In the divorce he was required to pay 75% of debts, she 25%. The full debt was around $25000 for a car, held in both …
Question: HELP!! I am currently about $400,000 in debt with student loans. Let me start at the beginning. My federal student loan debt was used to acquire my undergraduate degree while staying at home and raising my new born son. I’m fine with this. Apx $100,000. I married shortly after that and my husband decided …
Question: Dear Steve, My children’s Deadbeat Dad was $27,000 in debt with two college degrees, then got in trouble with the law, and continued to work part-time in construction while our family accumulated further debt. We’ve been separated (not legally) for nearly five years, and while I have supported our two children, he moved in …