I filed Chapter 7 eleven years ago and started over, however, a family medical crisis has wreaked havoc on me the past four years. I tried non-profit credit counseling in 2010 and could not work the restructure. I am debating filing again but need advice, please. Below are the facts: 1. I owe $17,800 in student loans to Sallie Mae. 2. I had a judgement of $7,600 against me for a Visa card. The credit union who held the card sent a 1099-C last year for the original amount of $10,500 and I included it on my taxes last year, however I claimed insolvency. I am not sure in reality how much I legally owe them; the settlement in the court paperwork of $7,600 or the $10,500 they sent the 1099-C for. Also, if I were to try to pay them off and I do not file bankruptcy, how much to offer as a settlement as they have put a lien on my house and I can't refi to get a lower payment to help me recover. 3. I owe $5,900 to Capital One, but they sent me a 1099-C this year as it has been over three years. 4. I owe $2,300 to Orchard Bank, the last payment was over three years ago. 5. I owe $2,600 to Juniper Bank, the last payment was over three years ago. 6. I owe $1,000 in medical bills with more to come. 7. My tax wages in box 1 are $55,000 yearly. I have a 15 year old who I receive $5,800 a year in child support for, and my 19 year old disabled son lives with us. Is attempting to file bankruptcy better, or trying to settle with the Visa to get the lien off as they are the only ones who took me to court? I am worried that the other three credit card companies can come after me over the years as well if I don't file. Can they?
My credit is around 530 so it is shot anyway.
Hi Leon, I am still concern about the Passport matter of my discharge hearing at the high court. The insolvency seems suspicious about how could I able to travel in and out from Malaysia in 2012. The immigration actually block of my travelling status already as I call bankrupt . THat's why they ask where I am to my brother in Law when He try to pay off the debt . I afraid they want the proof of passport when court hearing for discharge. Kindly advise of my concern.
Hi, I am currently in the proceeding of getting discharge from the high court regarding my debt in Malaysia. The insolvency department has suspicious of where I am. I am currently Australian last year I travel back to Malaysia with Australian passport to met the insolvency. I cannot disclosed to them I am currently Australian. They always ask where I am. I just used my Malaysian Identity card for the discharge of bankruptcy. May I know will it usually the insolvency department has to contact the immigration to release my travelling status after I pay. I afraid they will find out about I am holding foreign passport. Would you think with the Malaysian identity card will be sufficient for the discharge. I do not know how the court run. The debt has been paid off but I afraid they want to ask for my passport Malaysia but it has already
expire and I am now in Australia.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.