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Tag Archives: bankruptcy

I Discharged My Mortgage in Bankruptcy. Can I Really Sell The House Now? – Romy

“Dear Lewis, I filed chp 13 bankruptcy and had agree to let go of my house. No repayment. All debts were discharged. however, the bank is allowing me to stay in the house because i have continued to pay the mortgage/taxes/etc. However I’ve noticed that none of my payments are being report to the credit bureaus. My questions: do I ... Read More »

    I’ve Got Three Kids, Falling Behind, Unemployed and Have a Lot of Debt. – Kevin

    “Dear Lewis, Here’s my situation. My name is Kevin, I am married with 3 kids. My story began when my wife and I tried to restructure our finances by applying for Obama’s mortgage modification program. The irony is we didn’t need to, but we were told that we qualified and figured, if we could save some money lets do it. ... Read More »

      How Do I Deal With Sallie Mae When Bankruptcy is Not an Option? – Debbie

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      I have $125,000.00 in debt with Sallie Mae Servicing Center, I have been with them for years, but with their high interest rates and principles, I will never pay this off unless I win the lottery. I tried to get loan forgiveness they denied that saying my loan was before 1998. I did not get my teaching degree until 2005 ... Read More »

        My Husband Sexually Assaulted Our Daughter While I Worked a Second Job to Afford Bankruptcy Payments. – Patty

        “Dear Lewis, My husband and I filed bankruptcy in Feb 2010- because he lost his job after the bankruptcy was filed and he had a child support obligation they take the payment from me every 2 weeks. 286.00 dollars. At this point all the payments are made by garnishment of my wages. i cannot live off of 230.00 every 2 ... Read More »

          I Was Told Not to File Bankruptcy Due to Severance I Might Receive. – Diane

          “Dear Lewis, In May 2009, I was laid off. I had an appointment with a bankrupcty lawyer the day after I was escorted out (I had fairly high security clearance). She told me to hold off on the bankruptcy due to whatever severance I might receive. I held off and held off…and had a really rotten relationship in the meantime. ... Read More »

            I’m an E5 in the Army. Should I Go With Wites & Kapten Instead of Bankruptcy? – Vic

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            “Dear Steve, Well i’m about 40k in debt. I’m and E5 in the army. I have a security clearance. I got a letter from wites and kapetan. Its sounds decent. Has anyone heard of them. should i go with them. I can not file bankrupcy because of my clearance. if i did that, my clearance would be gone. Vic” Dear ... Read More »

              Do I Have to Pay My Second Mortgage Home Equity Loan After My Bankruptcy? – Julie

              “Dear Lewis, I filed Ch. 7 bankruptcy last year. I did not file on my 1st home mortgage or my 2nd mortgage – home equity loan and chose to continue paying them. I never signed any reaffirmation statements after the bankruptcy. Recently my loan officer pulled my credit and saw that my reports show I have zero balances on both ... Read More »

                Debt Settlement: Top Ten Most Misunderstood Facts

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                Over the past few years debt settlement has been in the news, not always in a good way. Many consumers have complained about the services they’ve received while some have been very happy. Much of the disparity in the perception of the service is due to misconceptions about the process itself. So here are the top ten misconceptions I see ... Read More »

                  Trapped in a Debt Settlement Contract. What to Do? – Dean

                  “I contracted a debt settlement company now that it changed. I signed with them back in May of 2010, this was before the new law changed for settlement companies not to be able to charge up front for settlements. The contract is crazy, and I was stupid to sign it. I was totally delusional from stress and depression when I ... Read More »

                    We Can’t Afford Both of Our Mortgages, What Should We Do? – AR

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                    “Dear Steve, We have a 1st & 2nd on our home. The 1st is for 124K with Citimortgage, the 2nd is a home equity line of credit with Bof A for 250k due in 2015. Our home is now worth approx 220k. My husband has was unemployed for the last 2 years. Recently back to work. We have business that ... Read More »

                      Authorized User on a Credit Card – Chris

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                      My sister added me as an “authorized user” on her credit card. I used the credit card to purchase a used vehicle and have been paying the monthly payments on her card for the past year or so. Now she has filed bankruptcy. Her bankruptcy attorney told her that even though I am an “authorized user” on the card, I ... Read More »

                        I Am Filing Bankruptcy But My Attorney is Waiting For Stuff From Me. – Brent

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                        Brent “Dear Steve, I consulted an attorney 2 months ago about bankruptcy and retained them to proceed with the process. I have only 2 more item to give the attorny before they proceed. I have fallen behind on my car payment and they repoed it yesterday. I am wanting and needing the car back very bad, as I am fixing ... Read More »

                          Scott Writes Me and Asks For Help – “We Are Behind And Overwhelmed”

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                          Scott wrote to me at and asked me the following question. If you have a question you can visit and ask for my free help also. “Dear Steve, We have too many bills and not enough money. We owe $30,000 in debt besides my mortgage. We are behind about 1-2 months are most bills and are overwhelmed. We ... Read More »

                            Collectors Called Constantly Scared of Foreclosure, What Can I Do? – Roy

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                            “Dear Steve, I have recently taken over management of finances and bill paying from my wife. I always knew we had some lingering credit card debt that had been following us since college, but I had no idea what the real situation was. At this point we are $51,000 in credit card debt. We have a mortgage, a HELOC, and ... Read More »

                              We Handed Our House Back in Bankruptcy But The Chase Bank Refused to Accept It. – Ron

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                              “Dear Steve, Wife lost her job 2 years ago – since then we liquidated savings, sold a cabin, got rid of both vehicles, searched high and low for a job for my wife. 18 months ago we applied for a loan modification as our monthly loan amount increased due to escrow increases. Then 6 months after trying to get the ... Read More »

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