We are about to file bankruptcy and my husband came up with an idea today that might save us from doing this. Here is the situation. We are losing our house, have about 20000, in credit card debt and a deliquent truck. He has about 80000, in his Ira and if we cash it out we will take home around 45000. giving us enough to pay off everything except the house. I am ok about losing the house but I don’t want to pay big fees on next years taxes. I know the IRS pentalies us for the early with draw but do we have to claim the whole amount or the balance of the amount after pentalties on our taxes and is it worth it. They are wanting us to pay around 1000 per month on a chapter 13 for 5 years. I am so confused. Should we just wait it out and see what happens after the house and just take enough to pay the credit cards and truck..

I am looking into bankruptcy, the only on the bubble question is that my vehicle my be worth 10000.00 and I used that for work. With bankruptcy laws the value is only 5,000.00. Will the court let you make payments to the trustees if they want to liquidate it.

My grandparents are retired, they get their SSA checks every month, and food stamps. Currently what they receive is enough to pay for bills, mortgage, credit cards, and other expenditures; in other words, the income they receive is enough to get them by. Over the last couple of months they’ve been thinking about leaving their house for good. They refinanced the two mortgages they had on the home mid-2010 and were able to avoid doing this for a while. As I’ve mentioned before, they are not running short on money. Eventually they made up their minds and decided to leave the house once and for all to live with their son who offered them a place to live. There are several reasons for this decision and I feel that they are not relevant to what I’m asking.

My questions are these:

- What will happen to the house once they are gone and stop paying the mortgage? I will assume that foreclosure will inevitably happen, but what concerns me is that they are not physically there to answer any questions or to meet with anyone or reply to any letters/phone calls. I want to know if there is a special kind of foreclosure that deals with cases like these.

- Can it affect them legally in any way?

- Who will take possession of the property?

- From some research I did online on bankruptcy it became obvious that they were not suited to receive the discharge since their financial situation is relatively stable, but I want to know if this could be an option to relieve them of their home and other debts without having to just quit living in their home.

By the way, the property is in Clayton County, GA.

Hello, thanks for taking the time to read this. I’m a 14 year old male and I don’t know how my life is going to turn out at this point. I live with my mom and sister while my father passed away when I was only 4, since then my mother hasn’t remarried. My mother has a fairly decent job which barley makes enough to pay the mortgage while my sister who is 26 and still unmarried has unfortunately just lost her job last week due to bankruptcy and is currently looking for a job that makes a good amount of income. My family struggles to pay the mortgage each month with little leftover for new clothes or to afford a new car.

All the time I hear my mom fighting over the phone with my grandmother and her sister who don’t help us at all and always ask or need something from us when we don’t even have enough to even support ourselves. My mother seems stressed and very depressed these days and gets angry when my father comes to her mind. Most of my family has died out just leaving us and lots of cousins but, they don’t keep in touch and wouldn’t want to help us in anyway. I don’t know why it has to be like this… shouldn’t family stick together and help each other out?

We are planning to sell the house this month and down-grade as well as another reason is that the area around us is becoming less secure and more violent. It makes me feel bad that we have to always lose more and more and I can’t really do anything about it or do something useful for anyone. I constantly get yelled at each day as well as have very offensive language used towards me for not doing anything right or being of any use to them. I swear I can’t do anything right and when I get called stupid I really do feel stupid and worthless.

Then there’s school. I really dislike school a lot! I have no good friends I just hang around a group of people everyday until the day is over just making those fake smiles and laughs while I’m around them so they see I don’t feel left out or anything. My best friend moved far away 2 years ago and we don’t talk much anymore. I do get invited out once in a while by some of the people at school so it’s not really much of a issue to me that I haven’t found the right friend who likes me for who I am. I seem like a very timid person at first to a lot of people but after a while I start to become more interactive with them and more conversational. I have also lost my motivation to go to school each day, I just really hate it there and waking up each morning. My grades have been dropping to I have been getting B’s and C’s these days, and not really putting in any effort into my work.

My mother always wants me to be a successful and outgoing person but, I’m pretty sure she’s given up faith on me. She expects me to be a doctor or scientist, I’m not against it or anything but I don’t really want any of those career choices she brings up. Something I love to do myself is dance and do choreography I believe that I am really good at it, such as if I would watch a music video or performance for a certain song such as Lady GaGa, Britney Spears, Michael Jackson etc.. I can immediately copy and perform the choreography in the video and do it precisely and very accurately. I even watch other peoples tutorials to see if I did it right and I see that I have done it perfectly. I also love music extremely much and I write my own songs and I have had compliments on my work from people who barley even know me saying that I am an amazing songwriter. A lot of the songs I write aren’t about love there more of a dance/party and feel good about yourself type of song. I have told my mom multiple times that I want to become a choreographer or ball room dancer and she tells me that it’s useless , I’m not that talented, or I won’t ever make it. I don’t want to cause more problems and start an argument so I just walk away and feel really upset afterwards. It’s my vision and what if I want to follow it? I don’t care if nobody believes in me there’s still a chance I can make that vision a reality if I really dedicate myself to it. I don’t know what to do… Go against her decision because she doesn’t believe in me and just wait till im a little older and start taking classes and make it a career?

I wish I could grant everyone happiness and support them because in my life it seems to be all about the money and finding love to them. I feel bad that I don’t have a father or my sister doesn’t have a husband as well as I don’t have a male role model to look up to making me feel less of man. I’m starting to hate life so much and I’m sorry to everyone that I can’t help in anyway. I’m hoping things will change and get better after so many years of problems affecting my family , right now I may live but I don’t feel so alive. I feel like an idiot and that im not smart enough for anything. “How will I survive in my life?” I always ask myself every night. I don’t even want to talk to my mother or sister anymore There’s just

Im having to filing bankruptcy to stop my ex from commiting identity theft on me. He has credit cards with my name and running up debt.

I am in a bad situation. My husband and I are no longer together, and I have obtained an attorney for bankruptcy. I work full time and have 4 children. I am scared because I dont think I will be able to keep my house, because it costs WAY too much money. I am wondering if I put the house in the bankruptcy, is there anyway that they could just reduce the payments on the house instead of us losing it? I live in California and am scared we are going to be homeless. Please help with answers if you can. Thank you.

I’ve been checking, but so far just been getting the run around and bs. After doing several consultation online, the cheapest offer to pay debt of has been 9 but price will increase a hundred dollars more after a month. I had to ditch this company. Don’t want to go back with this CCCS company either. I can’t afford anything higher to pay off credit card debt. Don’t want to do debt settlement or bankruptcy – not that extreme. Anyone got any sensible and reliable advice. Either consumer credit counseling or debt management company is what I need to find. No luck in local area here in Texas. No bad or stupid advice wanted.

Just bear with me..
We got behind on our mortgage, and credit cards about a year ago, i lost my job, and my husband had his hours cut back. But now i have a job, and he has all his hours back, we are going to file bankruptcy, and we were going to do chapter 7. But if we do we will lose our home, because our mortgage is not current. And then we thought about filing chapter 13, the repayment plan. would that allow us to keep it? But im so scared we wouldnt be able to afford it.
What should we do…Should we lose the home, clear the debt, and just rent for a couple of years. Or should we file chapter 13, and try our best to stay afloat. We have a six year old, and one on the way…. PLease give me some advice, i have no one to talk to too. Thank you sooooo much!

I want to find a visa or mastercard credit card with an online application and instant approval decision online. Because my credit is bad, I’m going to probably have to go with a secured credit card, but I want instant approval. I just got out of bankruptcy not too long ago and it is time to rebuild my credit.

Im 19yrs old, i got two credit cards when i turned 18, one had a 2500 balance and the other had an 8000 dollar balance. and for the first few months i had 200 to 300 dollars in debt and i payed that off from month to month, i recently had my car take a shit, it would have coasted me 5000 dollars for the new engine, so i just bought a used car for 5000 on my credit card. then i was lost my job for a 2 months and i put on another 2000, between paying for rent, ex….. then other things started to come up where i didn’t have the money and needed to pay them. So now i have both cards maxed out. not sure what is best for me to do. I cant afford much over the minimum payments, im not sure if i should go with a debt help/consolidation thing, file a chapter 13 or 7 bankruptcy, i really don’t have many assets they can take. its just getting hard to pay the cards, and other expenses. If anyone has any information that might help me or any tips. it would be greatly appreciated. Thanks All.
i was making 2000 a month now because i lost my job and i found a new on im only making about 700 at a min. up to 1000.
Also i have have a credit score of 753. it was with the help of my mother. she had me on her credit cards sense i was 15. witch really busted my score once i got my own cards and started making payments.

My Chpt. 13 case is paid in full this month 2/10, and I just received a letter form the trustee telling me that my case was going to be dismissed due to not submitting my tax returns from 2005 – 2008.
1. What is going to happen if I have paid off my plan?
2. Will I get my discharge papers if I provide this information?

I’ve since married(husband has excellent credit) I have credit cards that I was approved for online without having to fill out all info and one was store card I applied for to get mchdse discount and ended up qualifying for the better store name Visa card so I assume my credit’s good. I pay full balance when there is one. Now this online credit card app wants me to check this box saying my "history clear of bankruptcy" That seems it can go either way. Maybe I don’t have to admit to it because it is technically clear of bankruptcy after 15 years, but if I do check box am I lying, and if I don’t will they automatically DQ me and will this then show up on my credit report? I really only want a card to shop online as I cancelled that store visa card before I realized I should keep it for occasional online shopping as I won’t use my bank card online. Any help is much appreciated. Thank you very much

I was running LLC co(April 06) with another partner.The partner deposited co.money in his personal a/c.He took money to purchase truck for co. but never purchased.
When confronted that it was a fraud and my intention not to continue with business,he changed the locks(Sep.1 06) of warehouse and disappeared.(He did not even let me remove my personal things like my diary and photo album)I went to police station but they said it is civil matter and they can not help.Later on his lawyer sent me letter informing that his client has changed locks and willing to dissolve the co.
I called him several times but he did not answer.
I approched American arbitration association(as per our operating agreement).He did not deposit full fee (deposited part)and the arbitrator dismissed the case.
I approched the court and filed complaint( civil) claiming my original investment and profit till date of locking and the date was in Jan 08.In the mean time on Dec 5 he filed bankruptcy under chapter 13.
His lawer sent letter saying ‘automatic stay is in effect’. On the claim amount he wrote ‘disputed’.
I feel cheated as the co was in profit as per a/c books maintained by accounting firm.After lock out he started business in his personal name using assets of LLC Co.I do not know what to do as my whole savings are gone.
On 29th Dec.07 I filed a complaint with Sherriff but was informed that they can do nothing as it was a civil matter.
Pl somebody advise me what can I do?

im looking for a good online broadcasting school thats legit and wont file bankruptcy and and take my money, because it happened before

My husband and I were married in Sept 09. He got insurance the next month Oct. 09 through my work. In December of 09 His legs went paralyzed. He went to ER and then to the University Hospital. Two days later he was diagnosed with Spinal AVM a very rare condition. He had a surgery to embolize and when that did not help he got had a second invasive surgery to cut off the blood supply to the AVM. It was successful. He was able to walk again and pressure was relieved off of his spinal cord.
He was scheduled to have another surgery to rebuild the disc in his back in December 09. We had an authorization to have the surgery. That one never happened.
For this first surgery we received letters stating a pre existing condition investigation was going on and claims were pending. We never got any response when we call the Lovelace Sandia company. Just figured we would wait to see what they said. We were sure they would pay.
As time went by they found another AVM six months later and he had another surgery. They paid all of these claims and had a authorization for this second one..
We just got a bill, after no other communication from the insurance co, for 0,000 from the hospital. Obviously we cannot pay that bill. Will never be able to pay that. We are newly weds with one income. That is more than my home is worth.
I looked up the claims. There are too many to count. At one time a payment was made for ,000 and then deducted. We turned in all the papers they asked for and so did the doctors. We had no idea my husband had Spinal AVM until the day before his emergency surgery. What is my course of action to take. Also we are married now. Will this effect my credit? Everything is under my name, house cars etc. My husband has no assets and ok credit. I have great credit. Will we have to file bankruptcy? Or can he just file?
The only thing the letters say is that if we do not agree with the outcome of their decision then we can appeal it in a written letter. How would I go about that? There are so many different claims under so many different doctors but at the same hospital. Do I need to get a lawyer?
More background info.
My husband just finished school. the surgery actually kept him from graduating on time. I am the only one with income as of now. All the bills, assets are under my name. I own a rental house on my own and our home with my father. I have been getting bill collector calls asking for my husband (phone recorded messages that I know are from this.
I plan to write the appeal but don’t know how or what to say…We are very stressed about this. My husband still suffers nerve damage and is learning how to live a normal life. Not all of his functions are back to normal yet either. Please help with advice. We are on the verge of losing our minds after everything we have gone through together. i can’t take anything else… Wishing to have a happy healthy life with my new husband.
If they were going to deny based on pre-existing condition then why would they pay for the second surgery completely??
We don’t know what type it was (1-4)?. He did not have insurance before. He was a full time student. He had x-rays about 11 months before the episode. No treatment. Did not know such a thing existed. My question is what course of action to take not tell me you think It was pre-existing condition.

Ok, this is unconventional – My mom is disabled. Her home was affected by Katrina. Her home is finally fixed. However, during the past two years, she’s accrued close to 0,000 in credit card bills to pay off some of the repairs since a lot the funds from the insurance and the government were not enough. Additionally, since she is disabled and receives little from the government, she has been unable to pay enough or on time. Her interest has gone up to 25-30% on 4 cards. I have good credit. I own a condo. I want to at least help her by getting a home equity loan (basically a second mortgage) even though I want to get a loan in a couple of years to buy a house. She’s considered bankruptcy with Chapter 13 in order to not jeopardize her home, which she paid off with some of the funds received from Katrina. It seems she has no way out; and I hate to be in this situation from my own financial balance. What can be done? She needs serious help; and I don’t want to jeopardize my credit.

How long did each step take for you?
I hired him in March,paid him in full,completed all the necessary steps including the online class and gave him all my documents.I called and they claim they are short on the staff drawing up the petitions.Is this a normal amount of time to wait for a filing? I’m starting to feel taken advantage of considering I already paid him.

I was running LLC co(April 06) with another partner.The partner deposited co.money in his personal a/c.He took money to purchase truck for co. but never purchased.
When confronted that it was a fraud and my intention not to continue with business,he changed the locks(Sep.1 06) of warehouse and disappeared.(He did not even let me remove my personal things like my diary and photo album)I went to police station but they said it is civil matter and they can not help.Later on his lawyer sent me letter informing that his client has changed locks and willing to dissolve the co.
I called him several times but he did not answer.
I approched American arbitration association(as per our operating agreement).He did not deposit full fee (deposited part)and the arbitrator dismissed the case.
I approched the court and filed complaint( civil) claiming my original investment and profit till date of locking and the date was in Jan 08.In the mean time on Dec 5 he filed bankruptcy under chapter 13.
His lawer sent letter saying ‘automatic stay is in effect’. On the claim amount he wrote ‘disputed’.
I feel cheated as the co was in profit as per a/c books maintained by accounting firm.After lock out he started business in his personal name using assets of LLC Co.I do not know what to do as my whole savings are gone.
On 29th Dec.07 I filed a complaint with Sherriff but was informed that they can do nothing as it was a civil matter.
Pl somebody advise me what can I do?
Already it is more than 16 months and I have paid more than $ 7000.00 to American arbitration association and attorneys since he changed locks(sep.1,06)

In every case challenging the constitutionality of healthcare reform the plaintiffs have been people who did not carry healthcare insurance and who claimed they would prefer to handle their own healthcare needs as they arise.

* The average hospital stay in the US costs over k for people with insurance.
* The average cost of premiums in the US is over k per year
* 62% of personal bankruptcies can be attributed to medical costs
* The number of employers offering healthcare insurance to their employees fell by 7% during the Bush years

These plaintiffs claim they cannot afford the penalty for failing to carry health insurance, but seem oblivious to the fact it would be even more impossible for them to afford an average hospital stay. The HCR bill at least subsidizes the cost of the penalty for low-income families – in some cases even eliminating all cost. But the bill for a hospital stay will remain on your credit report until the day you pay it off or die.
@ Mjo – The Republican plan gave people the decision & control to carry no insurance and pass the cost on to taxpayers. Which explains why premiums are so high and why so many personal bankruptcies result from medical bills. The HCR bill doesn’t tell you which company to pick – you’re still free to choose. It just requires that you pick something so you don’t pass on the cost of your medical care to others.

I am looking for preapproved credit cards for customers with past credit problems and delinquencies. My past issues include a bankruptcy.