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tiger57
Guest
0.10 Dollars($)
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Post subject: chapter 7 bankrupcey |
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| My husband and I have $35,000 in credit card debt, we have been making payments but we aren;t getting anywhere, we have gotten loans from relatives, home equity loan, 401 K loans, and still in debt, we are thinking of filing chapter 7 our house isn't worth what we owe, we just can't make the payments any longer what would you suggest? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi tiger!
Welcome to forums!
Chapter 7 will help you in getting rid of your debts. I would suggest you to contact a bankruptcy attorney and discuss your whole situation. He will go through your financial situation and let you know which chapter of bankruptcy filing will be best suited for you.
Feel free to ask if you've further queries.
Sussane |
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missishell
Guest
0.10 Dollars($)
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Post subject: |
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| how much money can you make in 6 monthes and still file chapter 7? |
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debtreliefohio
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Post subject: filing bankruptcy in ohio |
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| Are you looking to file bankruptcy in Ohio? We have compiled a list of resources to help you research, find a lawyer, and decide how Ohio law will affect you when filing for bankruptcy on [url]debtreliefohio.org/filing-bankruptcy-in-ohio/[/url][/url] |
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Tired55
Guest
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Post subject: Chapter 7 in Kentucky |
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| I've been unemployed since 7/09 and been living off unemployment and savings. As the job prospects look very grim, I am finding myself in the need to file. I own a home (no equity-owned for 2 years), car is paid off, have IRA($600), savings ($200). I have a good credit rating and was hoping to keep it. I've been paying the minimum on credit cards, but I am almost out of saving and am using what's left of my IRA topay the lawyers fees. I have an appointment with a bankruptcy attorney on Tuesday 6/1. Should keep the appointment? Also can I keep the car ($9000) value |
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outwest
Guest
0.10 Dollars($)
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Post subject: Filing Ch 7 |
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| We have retained a lawyer for filing Ch. 7. I have some questions before we actually go thru with it. All of our debt is from credit cards....What possessions can the trustee take from us....I am not wanting to lose things that I have had from my childhood. If we have wedding rings, family hand me downs that I want to keep.... patio furniture, nice table and chairs, extra bed, pets, power tools etc.....can they take those things? I am also wondering what it would cost for us to just let the credit card companies take us to court individually...what happens then? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi!
Welcome to forums!
To Guest,
If you think that you are unable to continue with the debt payments and want to start afresh, then Chapter 7 is a good way to do so. In that case, you should definitely keep your appointment with the bankruptcy attorney. You will have to list the car as your asset. As it is free and clear, the trustee can sell it off to pay your creditors.
To outwest,
As you have credit card debts, why don't you have a word with your credit card company in order to get a repayment plan? Rather than filing bankruptcy, getting a repayment plan and paying off the dues will be a better option.
Feel free to ask if you've further queries.
Sussane |
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Elsaluce
Guest
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Post subject: Post Bankruptcy Concerns |
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| My home sold during the filing of my bankruptcy. My attorney had told me to continue trying to sell, without telling me I could lose my profit (28K) which I did to the Trustees. He tried to time the filing of the bankruptcy and the home sale on the same day, and lost by one hour. Should I go after this attorney for bad advice? |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2619
Location: MICHIGAN
415.87 Dollars($)
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Hi Elsaluce,
You can always file a lawsuit against the attorney for giving you wrong information. However, I don't think you will be able to recover the property or the money that you paid to the trustee in this way.
Thanks,
Jerry |
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ano
Guest
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Post subject: |
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| yes can you do a bankruptcy on a equity loan |
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jj
Guest
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Post subject: chapter 7 |
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| can i file chapter 7 if im being sued civilly for a car accident for which i didnt have adiquate insurance and still be able to keep paying for the car i have |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi jj!
Welcome to forums!
You will be able to file Chapter 7 bankruptcy though you're being sued for a car accident. You will have to go through the means test in order to check out whether or not you would qualify for Chapter 7 filing.
Feel free to ask if you've further queries.
Sussane |
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shelly1
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Post subject: a loan i had during bankrupsty and still have after |
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| I have been through the bankruptsy already and have been discharged. I kept my car and the loan that goes with it. My lawyer screwed up the reaffirmation loan so I cant do that. Im wondering if you have ever heard of someone negotiating a car loan to pay it off? Like say you owe 15,000 and you offer them 13,000 to pay it off. Does this ever happen? |
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adonis
Joined: 22 Oct 2005
Posts: 10267
Location: ALASKA
1046.07 Dollars($)
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Post subject: |
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Welcome shelly,
In most of cases, the creditor will be ready to take a lesser amount rather than receiving nothing at all from the borrower. You will have to contact your creditor and negotiate with him for the same. I hope he will accept your request.
_________________
Procrastination is the enemy of your financial success |
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Donald Duck
Guest
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Post subject: UCC1 question |
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If some of your equiptment has a Ucc1 filed on it, would these items
be exempt if you file chapter 7 ?? |
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