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Tag Archives: bankruptcy

How to Avoid Filling for Bankruptcy – WLNS

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How to Avoid Filling for Bankruptcy WLNS, MI - 10 hours ago By Lisa Smith Filing for bankruptcy is often viewed as a quick and easy way to get out of debt . While it will make some of your debts go away, US residents ... Read More »

    The Financial Safety Net for People in Trouble. The Great American Lie.

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    I suppose that it is the result of years of helping people in financial trouble and the ability to have seen way behind the curtain of how things work, but I’ve got to be honest, I’m not very proud of America when it comes to providing real solutions to help people deal with bad debt situations. Banks and lobbyists have ... Read More »

      ChevGirl Writes In And Says “My Marriage is Suffering Because of Our Debt”

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      ChevGirl “Dear Steve, Well I am not thinking about death or anything, I am a Christian. I am just having a very difficult time with our finances. The stress is becoming unbearable. My marriage is suffering because of it. Me and my husband work in agriculture, we do not make much and we are $55,000 in debt. I have payments ... Read More »

        I’m Using My Credit Cards to Buy Food Because I Can’t Afford It. – Chris

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        “Dear Steve, I have over $40,000 in credit card debt. I can’t even afford the minimum payments anymore. It’s even at the point where I have to use my cards to buy groceries and pay some of my other bills. I’m sinking fast. Getting a second job isn’t really an option right now. Where can I even start to make ... Read More »

          Greg Writes In Asking For Help And Advice

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          Greg wrote in asking for some advice. He said: My mother-in-law has over $20,000 in credit card debt she needs to get rid of this debt so she concentrate on paying her medical bills. Would you suggest Debt Relief or Bankruptzy? If Debt Relief can you sugggest an agency? Greg, Thank you for your question. It brings up some interesting ... Read More »

            My Husband and I Are Considering Filing Chapter 7 Bankruptcy in Oklahoma. – Amber

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            Amber “Dear Steve, My husband and I are considering filing chapter 7 bankruptcy in Oklahoma. The only thing that I have in my name is $5,000 worth of property. My grandparents gave it to me and the way the deed is wrote up is that I can’t ever sell it. It can only be passed down to the family or ... Read More »

              I’ve Gotten The Alimony Lowered But Still Neck Deep in Debt From the Divorce. – Steve

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              “Dear Steve, I came to Texas for employment after 7 months of unemployment. Leaving my wife behind, she refused to come here. My new job came to an end after 4 months and faced 4 months of unemployment, the job market was in Houston so I stayed and was employed again by GE Energy. Still my bills from 11 months ... Read More »

                What Should I Do to Get my Credit Score Up From 400? – TLT

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                TLT “Dear Steve, Great job make about $60,000/yr. 2 children. Single parent. Between my rent/utilities $1200/month, Car and Insurance $600/month, money I owe to grandmother $700/month and daily living expenses. My kids are athletic I pay for sports, all equipment needed. I pay for all aspect of our healthcare. I have a ton of bills. Public records, judgements, defaulted student ... Read More »

                  I Used to Make a Lot of Money. Now I Don’t. – Barbara

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                  Barbara “Dear Steve, I am self employed and in the last few years have been going downhill fast. I can get another job, but it wouldn’t cover a tenth of my expenses now because all this debt was nothing when my business was going well. For example, I was used to making 6 to 7000 a week, my mtg payment ... Read More »

                    I’m Getting Kicked Out of the U.S. on an H1B Visa and I Owe Money. What Should I Do? – Ravi

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                    Ravi “Dear Steve, I just lost my h1b visa (work visa) for US and now i have to leave US in next 3 weeks and go back to my home country India. I have a total 15000$ debt on my credit cards and a charge card from AMEX. as i am not in the position to pay my debt right ... Read More »

                      How the Washington Post Outed My Bankruptcy Secret

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                      I am still amazed when I read ignorant stuff about the reason people are going bankrupt is because there is no more stigma about bankruptcy. No, the reason people are going bankrupt is because creditors are manipulating the system for their own accounting or reporting means and not allowing people to repay their debts with as much enthusiasm as the ... Read More »

                        We Have Four Kids, My Wife Works Two Days a Week, And I Don’t Know if I Should Pay the Bills? – Scott

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                        Scott “Dear Steve, $28,000 in debt on credit cards and medical. Wife works 2 days a week and does not bring in a significant portion of income to help. Have 4 children in house (2 of ours, 3 and 1 years old) and 2 step children (my wife’s)). My oldest step-child is pregnant and due in October. My income covers ... Read More »

                          Diana Is Struggling to Make Credit Card Payments And Afraid

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                          Diana “Dear Steve, I have approximately $25,000 in credit card debt, drained my savings and struggling to meet my payments. I can pay my mortgage and normal billing but not the cards I am so confused about wha is available out there and frankly scared that I may not do the right thing with a repuable company. Can you help. ... Read More »

                            Should I Wait to File Bankruptcy Until My Credit Score Reaches a Certain Point? – Jennifer

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                            “Dear Steve, I am considering filing for Chapter 7 bankruptcy. I have $20,000 in credit card debt from a business that I worked for, which went under without repaying any of the money they owed me. I don’t want to file for bankruptcy, but my monthly income is all taken up with basic necessities, and I have one of the ... Read More »

                              We Now Live in the UK but We’ve Maxed Out Our Credit Cards in the U.S. – Carol

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                              “Dear Steve, Husband has maxed out lines of credit and credit cards in the states, and we are now living in the UK. Cannot pay the debt load as his income is 1/4 of what it was 2-3 years ago. Are trying to sell 1 or 2 of the 2 houses but very little equity and market is bad. The ... Read More »

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