chapter 7

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  I Suggest Bankruptcy Too Often, So Say Some

  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...

  • Posted May 13, 2013
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• Bankruptcy Filers Eligible for New Mortgages in as Little as One Year

  For those who have declared bankruptcy, it may feel as though you’re on financial probation for up to 10 years, since that’s how long a bankruptcy can stay on your credit report. However, mortgage borrowers could be...

  • Posted October 20, 2012
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  My Husband Wants to File Chapter 7 Bankruptcy and Thinks I Should File Chapter 13. – Cathy

  “Dear Steve, Husband’s employer closed. He is now receiving Social Security and unemployment. I work a full-time and part-time job and have a little pension check. Our credit card debit is no longer manageable. My husband wants...

  • Posted March 16, 2012
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• All About Chapter 7 Bankruptcy Rules

  A chapter 7 case starts with the consumer filing a request with the bankruptcy court in the area where the individual lives or where the business borrower happens to be or has its principal place of business...

  • Posted February 17, 2012
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• All About Bankruptcy – Chapter 7 Bankruptcy – Chapter 13 Bankruptcy

  Article I, Section 8, of the United States Constitution authorizes Congress to enact “uniform Laws on the subject of Bankruptcies.” Under this grant of authority, Congress enacted the “Bankruptcy Code” in 1978. The Bankruptcy Code, which is...

  • Posted August 25, 2011
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• I’m Currently in a Chapter 7 Bankruptcy and My Attorney Told Me Not to Make My Mortgage Payment. – Ed

  “Dear Lewis, I am currently in chapter 7 Bankruptcy. My home is worth 315,000 and the court is getting an appraisal as ordered by the trustee. my home is worth about 380.000 dollars and I have had...

  • Posted May 6, 2011
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• Bankruptcy Filings Way Up. 73% File Chapter 7 Bankruptcy.

  The latest year-on-year bankruptcy numbers are out and nobody should be surprised that bankruptcy filings are way up. In the year ending September 30, 2010 the number of Chapter 7 bankruptcy filings was up 14% and Chapter...

  • Posted November 8, 2010
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• Would I Run Into Trouble Filing a Chapter 7 Bankruptcy? – Lee

  “Dear Steve, Since last March, I have charged $30,000.00 in Credit Card purchases. The bulk of this was March thru May 2008. In May My hours were reduced (At that point I was using my credit card...

  • Posted April 15, 2010
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• We Don’t Want to Lose Any of Our Paid Off Vehicles in Bankruptcy. – Tony

  Tony “Dear Steve, Between me and my wife we have over $70,000 in credit card debt. we spoke with a lawyer for chapter 7 to eliminate them . however i have 1 vehicle and my wife has...

  • Posted January 26, 2010
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• I Went Bankrupt Five Years Ago. I Don’t Think I Can Do That Again. – CurlyGirl

  CurlyGirl “Dear Steve, I’m current on all my credit card debts, but the $700 a month in minimum payments (on about $10K total in debt) is killing me. I was laid off from a good job 2...

  • Posted January 20, 2010
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  Is Bankruptcy Right For Me?

  Bankruptcy Basics Most people think of bankruptcy as a process in which you go to court and get your debts erased. It’s not that simple. In fact, there are two types of bankruptcy: the familiar liquidation bankruptcy,...

  • Posted December 4, 2009
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• I Filed Chapter 7 Bankruptcy But I’m Scared What I Will Face. – Lee

  “Dear Steve, I racked up lots of credit card debt going through college and graduate school. I have always been able to make miniumum payments and still had good credit. I now have $60,000 in credit card...

  • Posted July 10, 2009
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• My Fiance is Going Bankrupt. Will We Ever Be Able to Buy a House? – Jennifer

  “Dear Steve, My fiance is considering filing for Chapter 7. He has okay/good credit, but more than $25,000 in credit card debt and his payments severely limit our finances. He does not have a car or house...

  • Posted June 19, 2009
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• The Five Myths About Bankruptcy. Watch the Video.

  Thanks to Twitter I discovered a new video out of a news story on the five myths about bankruptcy. The myths are: You should be dead broke until you file for bankruptcy. Bankruptcy ruins your credit score....

  • Posted June 18, 2009
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• I Went Bankrupt and My Financial Situation Has Taken a Turn for the Better – Roger

  Roger “Dear Steve, 6 months ago I filed Chapter 7 and it was discharged. Since then my financial situation has taken a turn for the better with a higher paying job allowing me to save money on...

  • Posted June 10, 2009
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• Jeannie Already Went Bankrupt And Is Now With CCCS But Can’t Afford to Feed Her Daughter

  “Dear Steve, I have already gone to bankruptcy five years ago. I am currently in credit counseling, however, I do not have enough money to provide food and clothing for my child. I am a single parent...

  • Posted October 13, 2008
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• Ed Is Scared But Courageous In The Face Of His Debt

  “Dear Steve, Let me start by saying it has been very hard for me to get to this point and ask for help. I hate that I am where I am financially (due to factors both within...

  • Posted October 11, 2008
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