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Check whether you qualify for Bankruptcy Chapter 7 or 13

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Icon Mini Profile Jessica
Jessica
Community Mentor
Community Mentor

Joined: 08 Jun 2004

Posts: 639
Location: OHIO


107.62 Dollars($)

PostPosted: Fri Nov 18, 2005 2:16 am    Post subject: Check whether you qualify for Bankruptcy Chapter 7 or 13

Have you tried out various ways to get out of debts. Or do you think that bankruptcy is the only solution to a debt free life.

You can file either of bankruptcy chapter 7 or Chapter 13 but this depends on your financial ability to pay off debts. This is determined by the Means Test introduced by the New bankruptcy Law.

bankruptcy chapter 13 or chapter 7



To know more about bankruptcy please visit click here.

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Last edited by Jessica on Wed Nov 30, 2005 11:02 pm
 
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Icon Mini Profile jerry
jerry
Moderator

Joined: 17 Oct 2005



Posts: 541
Location: MICHIGAN


50.10 Dollars($)

PostPosted: Fri Nov 18, 2005 3:07 am    Post subject: RE: Bankrupcy Chapter 7 or 13

Hi Jessica,

Thanks for the information. I am always confused about this chapter 13 and chapter 7 bankrupcy. And when to file what. But the chart has cleared a lot of doubt.

Jerry
 
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colleen

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0.10 Dollars($)

PostPosted: Thu Jan 03, 2008 3:05 pm    Post subject: in debt

what can i do? i am on social security and i am in a mess with check cashing stores and i can't pay them all back.
 
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Icon Mini Profile blue
blue


Joined: 21 Oct 2005

Posts: 1138
Location: MARYLAND


135.13 Dollars($)

PostPosted: Thu Jan 03, 2008 3:33 pm    Post subject:

Hi,

Welcome to Mortgagefit discussion board.

What companies have you got the loans from? Are they online or storefront? If you are dealing with internet payday loan companies, then feel good to know that most of the companies that are doing business in the US are not legit. Most of them have been breaking the federal and state laws. Please tell me the name of the companies you are dealing with so that I can tell you more about them

Now, since you are on social security income, I can understand that your finance is tight. If the major portion of your money is going to these pdl places, then you don't have anything left for yourself at the end of the month. It will be a good idea to speak to your branch manager about these pdl companies and if possible, block them from pulling out money out of your account. Closing the account is no

Do let me know if you have any other questions.

Thanks
Blue

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