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Tag Archives: bankruptcy

My Wife and I Are Legally Separated. She Was Served With Court Papers for a Debt. – Ron

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“Dear Steve, My wife and I are legally married with 2 kids, but have been seperated for 3 1/2 years. Last week, she was served with court papers for one of our credit card debts. We have a few cards that have all gone to collections.(around $15,000) Here’s the problem. She and I are both unemployed, we have no money ... Read More »

    81,312 Foreclosures in September. More Than Just a Number.

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    Well the September foreclosure figures are out from RealtyTrac. And while we can look at the big, really big number and compare it to foreclosures a year ago that does not give a real understanding of the fear and loss experienced by over 81,000 families that month. Maybe there is some hope headed down the road for homeowners that will ... Read More »

      I’m Behind in My Mortgage and Car Payments. I Can’t Get Caught Up. – Dan

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      “Dear Steve, I am one month behind on mortgage. two months behind on two car payments. and am falling behind on other payments. I make enough money to pay my bills per month now but not enough to catch up. If I could just start over. I cant lose my home or my vehicles. Im scared and emarrased!!! My credit ... Read More »

        My House Flip Flopped and Fizzled – Sherri

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        Sherri “Dear Steve, Considering bankruptcy, but have about 6 thousand in personal joint savings. I worked for about 8 months and have been on temporary total disability for the past 3 months. The debts are in my name only and are from a ‘house flip’ that flopped. It took over a year to redo and over another year to finally ... Read More »

          Money Management international Gave Me a Monthly Payment That is Too High For Me. – Valeria

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          Valeria “Dear Steve, After reading your section on completion rate, I am terrified of consolidating my loans. Sounds like you are happier with bankruptcy and I don’t think I need to go that route. I am about $50 thousand in debt. I can no longer make payments on one of my credit cards in order to get gas and groceries. ... Read More »

            “How Do I Go About Making My Credit Score Better” – Antoine

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            Antoine writes in to the Get Out of Debt Squirrel and asks: I don’t have credit card dept of any kind. I’ve never filed bankruptcy. I have bills on my credit report some of them I’m unaware of and the others are overdue bills. How do I go about solving the problem to get it off my credit report? How ... Read More »

              I Graduated From Law School But Barely Getting By. – Michael

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              Michael “Dear Steve, I ran up about $30,000 in credit card debt in college, law school, and in nearly eight months of unemployment following law school. I recently managed to find and started a good job at about half the salary that I expected I’d be making. Between my student loan payments, and the minimum payments on my credit cards, ... Read More »

                My Construction Business is Very Slow. Should I File Bankruptcy? – Eric

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                “Dear Steve, My buissness is very slow (Construction), as Im sure many are. I’m Iooking down the road and am looking at what feels like all dead ends. I only have enough funds for a few more months (payroll, house payment, credit cards, car payments) Im 45,married and have 3 kids Is it better to try and save it all ... Read More »

                  How Bad is Bankruptcy? Should I Wait to File Until My Home is Foreclosed? – Trudy

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                  Trudy “Dear Steve, My son was diagnosed with Leukemia had bone marrow trasplant medical bills out the ying yang. I make my living as a Realtor but with no work and an economy that is shattered I lived off credit cards for two years so I could be full time caretaker to my son who is finally this fall gone ... Read More »

                    Why Does My Husband Have to File a Chapter 13 Bankruptcy? – Jill

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                    Jill “Dear Steve, Husband has gotten soooo far into debt with his charge cards. Went to a bankruptcy lawyer and our only option is Chapter 13, for 5 years. I am not involved in it as I am not joint or nor do I own anything. We are not late on anything or behind on anything. He just owns too ... Read More »

                      What is the Best Way to Keep Our Jeep in Bankruptcy? – Debra

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                      “Dear Steve, My husband and I are 57 years old with credit card of $90,000 and two mortgages on our house totaling $230,000. After 4 years of struggling, shifting funds from credit card to the other and writing cash advance checks against our almost paid off house, we have finally resorted to filing bankruptcy. We met with an attorney who ... Read More »

                        Claims of Fraud by Debt Relief Companies Soaring

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                        Claims of debt fraud soaring Palm Beach Post,  United States - 2 hours ago As for her credit card debt , the company "made a couple of calls" and came back to her with a proposal to make a reduced, lump-sum payment of $5000 - an ... Read More »

                          Mary Had Her Motorcycle Repoed And Wants Your Advice

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                          Mary wrote in and asked the following question. “I had a motorcycle repossessed and sold at an auction. They want me to pay the entire loan and a debt collection agency has taken over. What are my options? What is the best thing to do?” – Mary Mary, I wish I had some amazing advice for you to make all ... Read More »

                            We’ve Been Downsized Into a Financial Disaster. – Annie

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                            Annie “Dear Steve, My husband ran an in-house print shop until four years ago. The company decided to out-source and he lost his job, but was offered another position in the company (in their residential construction department – can you see the writing on the wall?) but took a 20% pay cut. We made $120,000 before this cut. At that ... Read More »

                              I’m Running for Public Office and Need to Go Bankrupt. – Dave

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                              “Dear Steve, I have old debt under my personal name that spawned from a sole-proprietor ship years ago and I am considering going bankrupt on about $15,000.00 worth of Debt. I am also running for Public office this November and am trying to find out the ramifications of going bankrupt. Please help! Can I run for office without people finding ... Read More »

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