Bankruptcy or choosing to default on credit card debt. What are the ramifications of each?

Posted by admin on Nov 29th, 2008

perkins asked: I have A LOT of credit card debt from opening a business and having to sell it in one year because of family responsibilities. Saw a bankruptcy attorney, but the options don’t seem to work for me as there’s no way I could ever pay off these debts.
I know it’s very immoral, [...]

How long does it take to begin filing bankruptcy?

Posted by admin on Nov 29th, 2008

Mysti asked: I need to file bankruptcy and I’m wondering how long does the process take.
I understand I have to take a class or something like that.

Will our bankruptcy cause us to lose our stimulus payment?

Posted by admin on Nov 28th, 2008

aakhouston asked: My husband and I filed for bankruptcy. We were scheduled to get our stimulus payment on May 2nd, before they announced that they were moving up the payments. But we have not gotten it yet and I check on the irs website and they have no information on it. Will our bankruptcy take [...]

How can I raise my credit score after bankruptcy? I had a bankruptcy discharged, can I rem the accts included?

Posted by admin on Nov 25th, 2008

T.J asked: I filed for bankruptcy (chapter 7) a year ago and successfully had it discharged. I’m in teh process of rebuilding my credit and I pulled my credit report and all the creditors included in the bankruptcy have my accounts listed as “bankruptcy” which is destroying my credit score. Is there any [...]

What is the bankruptcy law or code in Missouri to exempt my 2007 Tax Refund?

Posted by admin on Nov 25th, 2008

Nickie G asked: The bankruptcy trustee told me to ammend my exemption schedule to include my 2007 return, but I don’t know the code.
I filed with out an attorney, so I have to find the code by myself.

How to adjust your lifestyle after filing bankruptcy?

Posted by admin on Nov 25th, 2008

sureenay asked: Unfortunately, my mother is in the process of filing bankruptcy. Now my question to all of you is, how do we adjust our life without credit cards? Also, in the midst of all this, how should she start saving money for retirement? Any helpful tips will be greatly appreciated.

How much does it cost to file for bankruptcy?

Posted by admin on Nov 23rd, 2008

John asked: I’ve accumulated too much debt and need to file for bankruptcy now while I am still young..I want to know how much does it cost to file for bankruptcy through an attorney?

What is the bankruptcy court admissibility of a loan application if there is no date on the application?

Posted by admin on Nov 23rd, 2008

sixfiguredesi asked: I may have to file Ch7/13 and my loan application has an overstatement of assets. There was no fraud intended. However, there is no date on the application. Can it be thrown out in bankruptcy court?

What do you think about filing bankruptcy?

Posted by admin on Nov 20th, 2008

natalie asked: I’ve known a couple people who have filed bankruptcy and I think they use it as an easy cop out, because they don’t want to have bills.
Two of my friends have put all their assets in their parents names, filed, and then get to keep their stuff.
I would be more concerned about the [...]

How long after bankruptcy discharge do I have to wait to lease a car?

Posted by admin on Nov 19th, 2008

CHAD5770 asked: Our lease is up in 3 weeks and we were late on 1 payment, sp we lost our pre approval for another lease. The dealer tried everything to get us set up, but we need to wait until the bankruptcy is dicharged before we can do anything, so we do not add [...]