I owe 4 credit card's a total of $36000.00. I lost my job(fired) about 3 months had been with the company 9yrs. Am looking for a job, maybe 100$ in the bank and no retirement savings. Have talked with a attorney about bankruptcy and got advised to...
A chapter 7 bankrupty can elimninate credit card debt and does not require income to file bankruptcy, but the costs to file a u must be paid before filing. A 7 will not stop foreclosure on a home or repossession of a vehicle if you are behind on mortgage or car payments. Perhaps there was a misunderstanding about what the attorney said. You could ask that attorney again or consider talking to another one. It is important that you understand what your attorney is saying.See question
the loan was for 8,000, i have about 5,000 in credit card debt, 10,000 IRS and about 5,000 in medical
At the least, you are at the point where you should talk to an experienced bankruptcy attorney to discuss how bankruptcy works and whether it would be appropriate for you. It would likely be a free consultation, after which you would have a great idea as to whether bankruptcy can help you. Certainly time is a factor as you only have so much time to file an answer to the lawsuit before they take a judgment against you and then could start garnishing wages and bank accounts. When you file bankruptcy, all collection stops immediately even after they take a judgment. As a very rough rule of thumb, bankruptcy is likely a good option when your unsecured debt approaches 50% of your income. Note that some taxes can be discharged in bankruptcy.See question
I have been overpaid unemployment benefits from 2014 in the amount of 10000 dollars and outstanding credit card debt in the amount of 6000.
Yes, overpaid unemployment benefits may be discharged or eliminated in bankruptcy, unless the state claims fraud. A rough rule of thumb is bankruptcy can make sense when unsecured that can be eliminated exceeds 40 to 50 of your gross income.See question
My husband and I took out several payday and installment loans a few years ago, also a couple credit cards. I am afraid to talk to a lawyer because we don't have all the creditor's names, contact info, account numbers, etc. and do not even remembe...
Richard already pretty much nailed it, but you can and will do the best you can at listing the names and addresses of all of your creditors if you should file bankruptcy. It is usually free to talk to an attorney, and you do not need everything at your fingertips to do so. You may not even need to file bankruptcy if your sole source of income is social security and you have no non-exempt property. So, time to talk to an experienced bankruptcy attorney.See question
Got served by a Credit Card company to appear in the "Limited Action Court" of KCK, for a credit card I took out in a 'previous life' when I had a bit of a substance problem. Got sober, I was making payments, but then I lost my job due to downsizi...
The day you file bankruptcy, an automatic stay Order goes into effect that stops all collection activity, including pending lawsuits. So, it is not too late to file bankruptcy, but if you do not, then they may obtain a judgment which would allow them to garnish 25% of your wages earned in Kansas. You should immediately set up a consultation with a bankruptcy attorney, most of which offer a free initial consultation.See question
I'm declaring bankruptcy and i'm very worried about the consequences. First of all, i believe i fabricated my earnings on some of the loans and credit card apps. Second, I used quite a bit of money for day trading which went south and left me br...
Creditors would have to file an action in your bankruptcy proving misrepresentation and that theh relied on them. The likelihood of this depends on the amount of debt that might prompt them to investigate to even learn of the misrepresentation, and then it is difficult sometimes for them to prove they would not have made the loan. You should strongly consider getting a free consultation from a bankruptcy attorney to learn more.See question
Ok so i have a few medical bills all adding up to be about 3thousands doller but i also live paycheck to paycheck and have a cd lone that i have been steadily paying off but i cant aford much what can i do
You could talk to a bankruptcy attorney in a free consultation, but bankruptcy not necessary if only have 3k in debt. Try to avoid medical debt going to judgment as in Kansas can then garnish wages. Maybe work out agreement where you pay each medical debt $10 a month to avoid them suing you.See question
i have a 450$ medical bill that went to collections last year, i was court ordered to hand over 100% my taxes to this debt and and another debt. seeing how my taxes where only enough to pay one of them the other has sent me a letter with a new cou...
If you can prove you spent all of your refund on one debt, then the Court should not hold you in contempt for failing to pay the other debt. You really should consult with an attorney. Most bankruptcy attorneys offer a free consultation.See question
i have a garnishment from a previous landlord of ten thousand. will bankruptcy do away with that.
Yes, bankruptcy will eliminate that and many other debts. Most bankruptcy attorneys offer free initial consultations. You should consider metting with one to discuss whether bankruptcy would work for you.See question
They should have let you know in advance, but be prepared to discuss your income, types and amounts of debts, and values of your assets. I ask for 2 years of tax returns, 6 months of paystubs and a free credit report.See question