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I need help with Bankruptcy/Protecting myself from

I need help with Bankruptcy/Protecting myself from Fraud/consequences.I was a stable homeowner and then became disabled, trying many things to get well. Finally one day I decided to take a leap, and live off my credit cards (based on a spiritual teacher's guidance). I hoped I would recover and gain energy to pay the debt off.A series of misfortunes occurred (my new home burned down while I was in Hawaii, so I stayed in Hawaii....). I focused on writing a book based in that setting and getting my health back.Now, I've maxed out my cards $100,000K of debt, much of it the past 6 months when I moved back to the mainland. I have a serious mental health issues and was unstable (moving from place to place) for nearly 2 years before securing housing/medication.I've paid back friends and family through Paypal using credit cards...large amounts, $2K at a time, sometimes. I've paid rent, groceries, travel, etc. (not jewelry or clothes).I have no real possessions of value and very little money....would like to find an alternative to bankruptcy but barely making it on a disability income (not currently able to work).Do you recommend Bankruptcy Chapter 13 (Colorado)? How do I protect myself from charges of fraud, being asked to pay it back, court stuff, etc? Judgements?I've considered changing my phone # ***** have not given my new mailing address, but is this irresponsible/problematic?What is the best most responsible way to handle this debt?Thank you.

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Phillips Esq.

Attorney

Juris Doctor

17,924 satisfied customers
This took place in NY.I live in PA now but she is still in

This took place in NY.I live in PA now but she is still in NY. I have a written signed (not notarized but she added her own words too so its clear it was between both parties) letter of repayment from my ex for items I paid for that would be paid back plus interest once she got her disability. she got the disability but the lump sum of cash was all taken away to repay student loans.My credit score is 512 last time I checked and my total debt is about $15,000 ($,3000 student loans). I seem to have two choices, either file bankruptcy or sue my ex and, assuming I win, my debt drops downs to around $7,000 - student loans included. (it would be very very difficult but I believe I could manage to repay that with help. of course with the debt collector fees and attorney fees who knows what the final price will be.My question is; despite future issues of bankruptcy is it wiser for my financial future to forgetting about sueing my ex, get a fresh start and file bankruptcy?

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Terry L.

Partner

Doctoral Degree

2,862 satisfied customers
My company took out a direct lender loan and have depleted

My company took out a direct lender loan and have depleted the funds. The business cannot continue and we do not have the money to pay back the loan immediately. Would it be better to file for some kind of bankruptcy or to find a debt settlement company?

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5,184 satisfied customers
trying to negotiate a debt settlementLooking at some of your

trying to negotiate a debt settlementLooking at some of your info. Will call if needed

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Ely

Counselor at Law

Juris Doctor

63,756 satisfied customers
If a business establishes a Limited Liability Company structure

If a business establishes a Limited Liability Company structure with little to no assets and it is a sole proprietorship. Then, the company has to declare bankruptcy to escape some business debt, what is the process?If the loans are in the company name but the individual didn't co-sign for them but did provide a social security number for the application - said to be just for identification purposes - and the load does not show up on the individual credit report; what is the liklihood that the bank will go after the owner(s).Are there typically debt settlements made prior to a business bankruptcy if the bank feels they might lose out on the money?

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WALLSTREETESQ

Attorney

Doctoral Degree

18,022 satisfied customers
Hi !Regarding debt reduction agreement vs Chapter 7. 1.

Hi !Regarding debt reduction agreement vs Chapter 7.1. Which one will lower more the Fico credit score?2. In terms of improving the credit score will debt reduction be quicker than Chapter 7?3. The 10 year record of Chapter 7 is more derogatory than Debt Reduction to future creditors ?Thank you

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Ely

Counselor at Law

Juris Doctor

63,756 satisfied customers
I am leaving a Ch13 early due to an increase in my income,

I am leaving a Ch13 early due to an increase in my income, I have several debts that I plan to try and settle with cash from a IRA. I need to settle for less than the total due, and was wondering if an attorney would help negotiate a better settlement?

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20 satisfied customers
I got this letter from debt settlement notice (NationwideDebtDirect.com)

I got this letter from debt settlement notice (NationwideDebtDirect.com) claiming they can get credit card debt reduced up to 60%. Is this a scam?

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WALLSTREETESQ

Attorney

Doctoral Degree

18,022 satisfied customers
I had an account Im trying to settle charge off this week.

I had an account I'm trying to settle charge off this week. The bank told me to call IBM. When I called them they said they were part of the bank, but I think the call was routed offshore. I had offered 40% before they charged off. Now IBM says they want 60%, and they gave me until 10/10 to decide. I don't want to pay more than 40 or 50%. Should I wait until next month and say I just don't have the cash? I have been holding off paying other creditors, but I have to pay them now because I couldn't settle with the original bank before they charged off. Does not make sense for them to charge off, but still negotiate the settlement offer for higher than I offered.... Please help me make sense of how this part works.

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37,826 satisfied customers
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