Yes, you can file bankruptcy with irregular gig or self-employed income — the means test uses a 6-month average. And your 401(k) and IRA are protected.
Your wages are being garnished. Federal law limits how much creditors can take, and you have legal options to stop it — including bankruptcy, which halts garnishment immediately.
28% of Americans stay in relationships they want to leave because of money. Federal Reserve and academic research reveals options — from fee waivers to strategic bankruptcy — that can reduce divorce costs from $11,300 to under $500.
Quick Answer: Payday loans after bankruptcy can worsen financial situations since Chapter 7 filers cannot file again for several years. The borrower should immediately stop taking payday loans and focus on increasing income while negotiating affordable repayment plans with creditors using available cash.“Dear Steve,One of my friends has filed for Bankruptcy and she had to …
Quick Answer: Bankruptcy disadvantages are often exaggerated myths used to manipulate debtors into debt management plans that take 5-6 years to complete. For someone with $35,000 in debt and matching annual income, bankruptcy typically provides faster credit recovery than struggling with long-term payment plans.“Dear Steve,I was divorced last year and now have a $4000 apartment …
Quick Answer: Bankruptcy fears after filing are largely unfounded, as attorneys wouldn’t file cases they expect to fail. Credit scores don’t become zero but will reflect the bankruptcy for 7 years, though some lenders do consider post-bankruptcy borrowers lower risk since they cannot refile for another 7-8 years.“Dear Steve,My hubby and I just filed for …
“Dear Steve,First off, I’d like to say thanks for your site. Your answers to other people’s questions has really helped me plan my own bankruptcy recovery (monitor my reports, use a secured credit card to help reestablish credit). However, there’s one thing that I haven’t seen come up, so I’d like to ask: student loans. …
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Think of this as me — just in AI form. I've walked in your shoes. I filed bankruptcy myself in 1990, and in over 30 years of experience I haven't seen a situation that can't be worked through or a person who deserves judgment. Everything here is built on that experience, that research, and genuine care for you. I can't be there in person. But I can be here.
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