Having lived through bankruptcy myself I find it very interesting to observe the camps of bankruptcy lovers and haters. Admittedly I was once in the avoid bankruptcy camp because I just wasn’t well prepared for the experience and didn’t have the right frame of mind. But recent news of the Catholic church filing bankruptcy yet again to deal with claims ... Read More »
“Dear Steve, I graduated college in August 2010 and filed Chapter 13 bankruptcy in September of 2010 to get rid of some credit card debt I had. Under the bankruptcy I was told by my lawyer that my student loans would go into the automatic stay and be protected there until the discharge of my other debts was granted. This ... Read More »
“Dear Steve, My boyfriend has the IRS after him from a 2009 audit that went into noncollectable status in 2010. Recently, we have had a knock on the door and a note left from the IRS with impending doom. My girlfriend said that adding a second person on the bank accounts will prevent any bank swipes from the government because ... Read More »
By Paula Langguth Ryan When it comes to your debts, are you stressing yourself out financially or creating financial hardship for yourself or a loved one? Has anyone suggested you consider bankruptcy? Do you get queasy even considering the idea? I want you to pay attention to where any feelings of “it just feels wrong inside” to not pay your ... Read More »
During my first job interview after my bankruptcy, the interviewer asked me what I was “most proud of in my life.” Without hesitating, I stated “declaring bankruptcy!” His quizzical look invited me to explain. And I’ll share what I told him, in just a minute. First though, here’s a Pop Quiz for you: Was going bankrupt the worst thing or ... Read More »
“Dear Steve, I was hit by a drunk driver, suffering several acute compression fractures in my neck and back, ribs, discs, etc…and was wheel chair bound. Fortunately, I recovered well, and am more functional than any of treating physicians expected. I was attending the University of Davis, California at the time ( 1991 ) when accident happened. When I was ... Read More »
“Dear Steve, I am broke had a heart attack last year and died for 4 to 6 minutes. I borrowed 55,000 from the bank for a business which is not about anymore. My wife did not sign on the loan at the bank either. She has a business now and helps me live by giving me a 50.00 per week ... Read More »
A new debt relief mailer, which you will see below, poses as an official document but in fact leads to a potential sale for Debt Defense Services according to the tipster (send in your tips here). What do you think, is the mailer deceptive or perfectly fine from your point of view? Add your comment below. An amazing reader CLK ... Read More »
Below is my growing list of bankruptcy resources and links. If there is something that’s not addressed in one of those articles, guides, then feel free to ask me your question. Bankruptcy Articles and Posts You Must Read Click Here to Find a Bankruptcy Attorney in Your Area To get ready to read the information below with the right frame ... Read More »
I really do read all the comments, all the Twitter messages you send me and appreciate the feedback. Over time a common statement I get is about my recommendations is that people think I suggest bankruptcy too often. For more information on this topic, please see all the links in my free guide about how to deal with debt. So ... Read More »
“Dear Steve, Credit cards that are in my name only. My ex husband was ordered to pay half of my credit card bills… they are all in my name only… he did not pay so I took him back to court and they held him contempt and ordered him to pay a certainty amount each month until they are paid. ... Read More »
Bankruptcy filings in the federal courts fell 13 percent in calendar year 2012, according to data released today by the Administrative Office of the U.S. Courts. The number of bankruptcies filed in the 12-month period ending December 31, 2012, totaled 1,221,091, down from the 1,410,653 bankruptcies filed in CY 2011. Statistics released today include business and non-business filings for the ... Read More »
“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 »
“Dear Steve, I am about $40,000 in debt including a car loan 3 judgements and small bills such as cable, phone and some medical bills I am extremely concerned about the three judgements against me (one for $5000 and two for $3000)…Cancer/spousal abandonment, being a victim of the landlord not paying the mortgage with my rent and a former friend ... Read More »
If you are in financial trouble and struggling to make payments, tapped out, you’ve spent down savings, or living month-to-month, then bankruptcy is worth a good hard look. Below you will find a number of links to posts, articles, and calculators to help educate you about the realities of bankruptcy. Many people carry a lot of baggage around about what ... Read More »
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