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Check whether you qualify for Bankruptcy Chapter 7 or 13

Posted on: 18th Nov, 2005 01:16 am
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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You should contact a bankruptcy attorney and discuss your case with him/her. The bankruptcy attorney will let you know which chapter of bankruptcy filing will be best suited for you.
Posted on: 31st Jan, 2011 02:04 am
My wife and I have some debt, credit cards, she stop working a couple of years ago to take care of our baby, in that time we got some serius credit card problems, now she has to stop working again for serius health problems, but all the debt or most of it is under her name, wich chapter can we file and can she do it by herself
Posted on: 09th Feb, 2011 10:15 pm
Hi Xavier!

Welcome to forums!

Your wife can file chapter 7 bankruptcy in order to get rid of her debts. She should contact an attorney and take his help in this matter.

Feel free to ask if you've further queries.

Posted on: 10th Feb, 2011 11:19 pm
we can no longer afford our home, about 150,000 under water here in California. We have a 1st and 2nd. We have put our home up for short sale but that is only if the mortgage company doesn't forclose on us first which means they will come after us for the 2nd. We have already moved into a rental we can barely afford. Have 1 credit card with 14k balance & a pers loan w/ 11k, both equal out to 600.00 a month in payments. We just can't afford it anymore. Lost our house, our dog, our security, and still cant afford to live with 4 kids. Help...scared! Don't know what to do but I don't work and I am afraid they will garnish my husbands wages if we don't do something quick. He works soo hard for us. I can't continue to live like this, i spend every day in tears!
Posted on: 19th Feb, 2011 07:48 pm
hi poshtots,

you can contact your first lender and apply for a deed in lieu of foreclosure. the first lender won't be able to come after you in order to recover anything. you can negotiate with your second lender and ask him to forgive your dues. if he does so, you won't be liable for paying off anything to the lender.

Posted on: 20th Feb, 2011 11:02 pm
Here is my story.... July 2010 I was laid off, and couldn't afford the $1800/ mortgage, in addition my wife has about $2200 cc debt, I have about $1000 in cc debt.
we have a signature loan for about 7K.
My wife was working and daycare ran $150 a week.

Now the good new....
I took a job in another state, making a little less than I did prior to getting laid off. My wife relocated, and cannot find work. My rent and utilities are running about $1100/month. We have two vehicle payments which total about $550 month. She is getting some unemployment.

Should I consider filing for bankruptcy?

Posted on: 27th Jun, 2011 04:38 pm
Hi timl,

If you want get a discharge from all your debts, then it will be a good option to file bankruptcy. You should contact a bankruptcy attorney and take his opinion in this matter.

Take care.
Posted on: 28th Jun, 2011 01:52 am
My fiance and I both have credit scores below 500 due to ex's screwing up things for us, we want to get married and file ch 7 bankruptcy, can someone tell me what we need to do and if this should be done? We have no home, we live with friends and my car is our only means of work. We only make about 800 a month. HELP
Posted on: 24th Sep, 2011 12:32 am
Hi Amandaandsteve,

Your query has been replied to in the given page:

Please take a look at it. I hope it will help you.

Posted on: 25th Sep, 2011 11:13 pm
We filed a Chapter 13 in 2001 and has been discharged.Home depot was one of our creditors.Do you think it would be possible to get another Home Depot credit card.My credit score is now 699 and I presently donot have any credit cards.We own our home and make installment loan payments for our vehicle.Does Home Depot automatically red flag your account with a past bankruptcy?and not even consider your application?I would appreciate any input! Thankyou!
Posted on: 09th Oct, 2011 03:35 am
Hi Diana,

You can apply for a credit card with Home Depot. It will be their discretion whether or not they will offer you a credit card now. They will check your credit report and your financial situation and let you know about their decision.

Posted on: 09th Oct, 2011 09:52 pm
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