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  • I got a question about bankruptcy?

    I was going to file chapter 7 bankruptcy ,but i was working with this company where instead of paying for a lawyer you will provide with law students for only civil legal matters. So I was going to used them but after hearing how people mess there's self up by not using a lawyer i having second thought. So should i still use the company or not

  • Should I file bankruptcy?

    Wow, how to condense this mess! Here goes: We're going to (decision made, no turning back) foreclose on our house. We do have an equity line that was paid (insured by UGI/AIG, so the paperwork is probably in the works as I type this for them to "come after us" (lawsuit). We are basically judgement proof because we have nothing but our clothes and some furniture. The only other debts we have are one credit card in default and a whopping student loan of $97,000 (that is NOT dischargeable in bankruptcy). So, I'm asking if for a foreclosure, equity line, and credit card ONLY, is it worth the money and hassle it takes to go through bankruptcy? The student loan is current and until the house we had 800's credit scores. We're understanding that the bankruptcy will allow us to clean things up sooner. If we don't file bankruptcy, in our state "they" have up to five years to file suits and/or try to obtain judgement liens. After that we're in the clear... ? Thanks!

  • When is it a good time to file bankruptcy?

    i know it's never a good time, but what do i need to do in order to file for it? this is something i thought i'd never have to face, yet here i am. and do i need to file separately or jointly?

  • If i were to declare bankruptcy would i still be able to rent my home ?

    would i have to still pay back all the depts i have if i was declared bankrupt??

  • I do qualify for bankruptcy but lawyer wants 1500 dollars.I am out of work and have no money.?

  • What is the best way of getting out of debt? I have a family with two kids, broke all credits cards suing me?

  • I filled of Chapter 7 without an lawyer, but need some advice?

    In Aug 2011 I had to fill for Chapter 7 bankruptcy in Oregon. During the hearing of creditors I was asked if my tax refund was normally high. I stated I normally get between $3000-$4000 back and would use my refund to pay off any outstanding debt I may have. He requested that I would need to send in a copy of my 2011 tax returns. I received a letter this week requesting a copy of my tax return and to also send in my tax refunds. I had my taxes done this week and again the refund was higher than normal. In the past I have used my refund to pay off any outstanding debt but I had already filled bankruptcy and didn't know I would have to send in my tax refund. I have since lost my job and have already budgeted the refund into my living expenses. What are my options now? Do I have to send the refund in? I've been reading that the Earned Income Credit is excluded from this. Can I withhold that amount and send in the balance? I've also been reading about using the "Wild Card" to be able to keep the whole refund. Is it to late to use this option? If I don't send in the tax refund, I understand my case will be dismissed but will that prevent me from filling at a later time when I'm able to afford a lawyer?

  • Questions on Bankruptcy?

    #1 How do I know if I qualify for bankrupcy? what are some general conditions? #2 Difference between chapter 11 &chapter 13? #3 I own a house, would I be forced to give the house up if I declare bankruptcy? #4 What all types of things would NOT be covered by bankruptcy? i.e. I would still have to pay on?

  • Has anyone filed for chapter 7 bankruptcy?

    I am considering filing bankruptcy under chapter 7. Can anyone who has filed, tell me how bad it actually hurt you? My only asset is a computer. People who never filed have told me it's the worst thing to do, but I'm so far in debt that I don't qualify to buy a house anyway. So I just wanted to know what it was really like from someone who actually filed chapter 7. Thank you

  • Would my income tax return be considered a windfall in Chapter 7?

    Hello, I had my 341 (Meeting of the Creditors) on November 24. My case has not been discharged yet. If I go ahead and file my taxes, and I am due a refund - do I have to let the Trustee know? Can I keep the refund? Should I wait?? So confused and my attorney stinks! Thanks (and I live in Texas)

  • HELP!!! -- Can I Shield Assets From a Chapter 7 Bankruptsy?

    My wife and I are currently faced with having to file chapter 7 bankruptsy in the state of Georgia. Most of the assets that need to be shielded are financial. We don't have a traditional 401k, but my wife has a Voluntary Investment Plan, which is basically stocks in the company she worked for prior to losing her job. She also has severance pay coming to her as well as a bonus check to be paid next year. In addition to this, we typically get a good portion of money back each year on our tax returns from mortgage interest, etc. Does anybody know if it's possible to shield some or all of these assets from bankruptsy trustees, or had any experience doing so? Any advice would be appreciated!

  • Ever hear of a company called "Digital Risk"???

    I filed for bankruptcy a couple years ago. this company is trying to get my former employer and current employer to fill out personal information about me. i dont think this is right and it sounds like a phishing scam. if you file for bankruptcy and wipe everything out thats it right?? because the courts got all my info, including income, and they generate a file number for reference for all of the companies i could not pay. this seems strange to me.

  • Chapter 7 Bankruptcy &Forclosure?

    I am going through a seperation &will eventually divorce from my husband. My lawyer has advised me to file chapter 7 bankruptcy for the bills my husband &I created together. My house may go into forclosure as well. I can no longer afford it by myself. I am having a hard time paying the bills &making ends meet as a newly single mother. My husband gives me what he is required to by law for child support. I can not get any spousal support. I make more money than him. Is this the best option? How would this effect me in the future? I am really confused but just do not know any other options. I make about 36,000 a year &my soon to be ex make about 32,000 a year.

  • Does bankruptcy discharge judgements?

    I have a judgement on me from the judge to garnish my wages because I didn't pay my credit cards. If I file for bankruptcy, will the judgement be discharged?

  • Debt consolidators in Chicago, are they for real? Which one can I trust based on personal experience.?

  • What is the difference in Chapter 13 and Chapter 7 bankruptcy?

    Please give answers that are EASY to read and not the ones that I can search online w/ tons of legal jargon. I am trying to really understand this.. questions I have are: what's the difference? which one can you keep your cars in? which one would one need to eliminate credit card debt only?

  • Bankruptcy ???????????????????

    Got in an accident bout 8 yrs ago. Lost license,cant get it back until insurance company releases it. I have to pay $20,000. Does anyone know if i can declare bankruptcy, and get license.

  • Can you help with a potential bankruptsy question?

    Would it be smart to file for 'bankruptsy' if I have just acquired a $16,000 hospital bill? My credit is not good anyway. I know I can just pay what I can monthly,but it will take forever. I am 46 yrs old, go to College, and I work when I can get it. If your answer is yes, where do I file that doesn't cost that much to do it?

  • WaMu filed for Chapter 11 Friday, do I still owe them money? Last year, WaMu claimed I owed them some money for overdraws, few hundred, so that's on my ChexSystems report. In 4 yrs it'll be removed, so no big deal, since i have other accounts at other banks. However, does WaMu's bankruptcy on Friday nite change anything? Do I still owe THEM, do THEY still exist, if I send a personal statement to ChexSystems informing them of their Chapter 11, would they take the black mark off my report?

  • Life after Bankruptcy?

    How is life after Bankruptcy? Chapter 7?