I am 35 years old and accumulated a bunch of debt for
I am 35 years old and accumulated a bunch of debt for various reasons and can't find a good answer to how to handle going forward. The bankruptcy attorneys I have talked to don't really tell me whether it's a good idea, they just want to charge me and file. A financial adviser is just there to manage wealth, debt settlers just want to consolidate your debt whether it's the best option or not and I am past credit counseling and consolidation at this point. Below are the points of my situation and questions.1. I am in the situation due to house issues, a salary decrease, and health issues so I do qualify for debt settlement. I don't want to do this because I could still get sued for the debt and I would like to just move forward with whatever the solution is.2. I would like to save for emergencies and retirement and can't do that now because I have so much debt and I would also like to buy another house at some point again in my lifetime.3. I make $110,000 a year in salary with about a $10,000 bonus.4. I own a house but can't sell it because I just purchased it in August and would have to bring thousands of dollars that I don't have to close. I can rent it but would still have to pay about $500 a month to make up for the gap between the rent and my mortgage. I do not want to keep it so could let it go in bankruptcy or do a deed in lieu of foreclosure. I don't think I can do a short sale as I don't think I can keep up with the payments as it can take a long time to sell and close.5. If I do bankruptcy, is using an attorney online sufficient or should I find another one local that can be a bit more hands on?6. I have a car that I owe about $25,000 on that I want to keep.7. What kind of financial information do I have to provide to prove I need to file bankruptcy?8. I have about $46,000 in student loans9. I have about $86,000 in personal loans10. I have about $21,000 in credit card debt.
I am a homeowner with close to $35,000 in credit card debt.
Good morning, I am a homeowner with close to $35,000 in credit card debt. I find myself in a deficit of about $250/mo paying mortgage, household expenses, and credit card payments. Would I be eligible for bankruptcy? Thank you,.
I have a timeshare with a co-owner who recently file for
Good morning, I have a timeshare with a co-owner who recently file for chapter 13 bankruptcy. How does his bankruptcy affects me and my credit?JA: What state are you in? And has anything been officially filed?Customer: I am in Maryland and the property is in Florida. Yes, he has officially filed. I found out when I went to make the mortgage payment on the property and they told me that let could not accept any payment at all because one owner had filed bankruptcy.JA: Has any paperwork been filed?Customer: Yes.JA: Anything else you want the lawyer to know before I connect you?Customer: I want to know what do I need to do.
I would like to file ch 7 bankrupcy by myself.I am married
Hi,I would like to file ch 7 bankrupcy by myself.I am married but filling separate.In Illinois.I have a car,and I would like to know if its possible to keep it.Car has negative equity(value vs loan amount)Also,my car is used as a taxicab(my husband has 2 taxicabs),and it brings $1000 income to our family.Would the car qualify for some bk exemption ,so that i can keep it?So the car loan is in my name ,but I lease it to my husband's company (but for free...).Would I be able to keep the car somehow,since Im not using it to personally drive it?(and its used for business..)
I recently filed for Chapter 13 back in October of 2015. I
I recently filed for Chapter 13 back in October of 2015. I recently received a letter from the IRS stating I am being audited for tax year 2014. I am having trouble finding some of the items they are requesting.Being that I am in an open 5 year repayment plan with my Chapter 13, can they ask for payment on items back in 2014?
I 't know if I've selected the correct lawyer - My mother
I don't know if I've selected the correct lawyer -My mother called me with a debt collector on the line, my mom hasn't handled any of here of here own finances 2002, she my dad passed, at the time she could of handle her own affairs but ask me to do it - today at 72 yrs old she doesn't has the ability. The last time this happen was in March when old tax bill that I forgot (I also had 3 strokes and on disability as well) from MA went several years with nothing and then a letter with to garnishment from the MA DEPARTMENT OF REVENUE was attached, we are in a repayment plan. I not trying to dodge a bullet. am correct in I state and federal taxes can attached social security & pension ?My mother does get social security and a widows pensions from my father whom worked for GM. She had nothing in the bank, no savings not a dime and live paycheck to paycheck, over the last few years when I got sick and they garnishment my wife she helped us paying for our childrens day care so I could go to physical therapy to learn how to walk and talk again, She doesn't even on a car, she , she lives very modestly about 3 hrs away and on her own (something I am not sure that she will be able to continue to do) she is in poor health and really has nothing. The debt service call was about a judgement in 2010 for $16000 , I'm not quite sure how, I believe it was through 'default' - in the past I have appeared for her and handle these things but I can't remember this one, neithern can she - I have looked at the court records and the debt was filed one in my county not hers (Port St Lucie) it states she was spoken to by phone - I know it doesn't matter that neither of us remember this account or the court hearing because the have a judgement -which there trying to collect on it. Of course I can't settle the judgement because I can't payout a lump sum or have the ability to make a reasonable effort to make a payment arrangement on the judgement, apparently at the time I / we was paying a $100 a month on the debt but I stopped that was all they would tell me, she owns her house she is upside down in, her credit is aweful - while I was on the phone with the debt agency she stated "she has good credit, she owns a house, she has a car ' and trying to tell her this isn't true, but of course they don't want to hear it. The judgement paperwork states speaking with her the phone at the time the hospital for 22 months after a car accident I think that's why no remembers this debt or the account it's attached to, but I do know I can't fight the judgement and even if I couldn't I don't have the money for legal representation. So I have no idea what to say, we have always tried to help each other,my wife and I are racked up to our eyes with our own debt issues and we have just recently had to make several repayment deals because while I'm disabled it is tough for them to attach me (and my mother was disabled before she hit retirement age) but my wife keeps getting garnished and we keep paying because we can't come up with a bulk amount to start a better repayment plan and the cycle keeps going, I just wanted to give you a better scope of what is going on, if I had it's I would give it to her, my mother even gets meals on wheels I would sincerely ***** ***** as I did tell the debt agency collector I would contact her today, can they just 'dig up a judgement ' any time and force collection ? Should I tell them she is paying a state tax lien, the state / gov garnish social security wages ? I have nothing to offer I can't even make a constructive repayment schedule. I would tell her to go to bankruptcy court and file but I am afraid that she won't pass the way and means tests as I have run the numbers and she barely has -$300 a month because of the pension income, the debt agent stated that she must have something must of happened because they don't just reopen these thing for nothing, I was also told there is no statue on judgements, I lost half my collective brain capacity during my illness.Is there any way I can keep this from be publicly posted ?All help would be sincerely appreciated,
Looking at my options to file ! : No. I was just doing
Looking at my options to file for bankruptcy!JA: The Bankruptcy Lawyer will need to help you with this. Have you consulted a lawyer yet?Customer: No. I was just doing research on it firstJA: Please tell me everything you can about this issue so the Bankruptcy Lawyer can help you best. Please give me a bit more information, so we can help you best.Customer: I have over 19,000 dollars in credit card debt, student loans, personal loans, I recently bought a house with my ex and I am no longer living there so I go a place I could not afford and started paying bills and using my credit cards for help, now I am struggling paying it back and falling behind on rent and car psymentsJA: OK. The Bankruptcy Lawyer will need to help you with this. Is there anything else important you think the Bankruptcy Lawyer should know?Customer: Like?JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Bankruptcy Lawyer about your situation and then connect you two.
My ex-husband filed a Chapter 13 and is claiming he owes me
My ex-husband filed a Chapter 13 and is claiming he owes me $14,500 in arrears spousal support. He actually owes me $26,176.65. I got the notice yesterday after being out of town and the objection is due tomorrow. I think I can do it myself with a bit of guidance as I'm handling my 8 year long divorce (still going on) by myself.I can fill out forms and do service etc. I've already done lots of that. I just need to know what the correct procedure is for doing it.