Jeffrey Nathan Wishman's Answers

Will filing for bankruptcy affect my 401k

The money you have validly contributed to a validly created 401K Plan is protected in bankruptcy. I recommend that you follow the advice of your lawyer about withdrawing money. Your lawyer is on the spot, and has had the benefit of interviewing you and evaluating your case. It is hard to second guess that via a question sent on the Internet. Call the student loan office. Chances are good they will work something out for you. I do hope that you get all this behind you soon, and have a...

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Credit Card Debt and what the companies will do to us if we can't pay?

I am very sorry to hear about your situation. I hate seeing people threatened by credit card companies who arbitrarily jack up the interst so high that you have no hope of paying it back. They love it when you make a late payment so they have the excuse to overcharge you. As a bankruptcy lawyer with 28 years of experience, I can tell you that bankruptcy is definately something for you to look into. Before a lawyer recommends bankruptcy for anybody, the lawyer needs to know detailed...

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In debt 60,000 and have no money to pay the debt.

I am very sorry to hear about your situation. As a bankruptcy lawyer with 28 years of experience, I can tell you that bankruptcy is definately something for you to look into. Before a lawyer recommends bankruptcy for anybody, the lawyer needs to know detailed information including assets, income, living expenses, debts, property transfers, and repayment of debts. The decision to recommend a bankruptcy should not be made until a lawyer has all of this information about the client, and has...