I bought my home in 2006 and put down $ 100k, yes its 20% down for a $ 500k house. I have put in another $ 50k in upgrades and remodel. Fast forward to 2009, laid off, no income I resort to using my credit card to pay my mortgage while my house was being listed by my realtor. 6 months went by, then a year, the house remained unsold. I’m up to my limit in credit card debt, thinking to sell the house for $ 350k, which will give me approx. $ 50k to pay my credit cards. Year and a half later, house is in foreclosure; credit card at max limit. No job, no car (sold it to pay credit card debt), ..and now living like a deadbeat.

Credit card companies still call and say "hello". Same story told to them over and over, no income, no job, no money etc. They "understand". Then they sell the debt to collection agency, same thing again. I told them my story..and they don’t care. "When are you gona pay?" I say with what? I can sell my t-shirt and underwear, but that might be worth 25 cents. What good will it do? So now, they are suing me in court. Went there and told the same story…judgment for the plaintiff. Okay, now they want to garnish my wage…but I don’t got no job. They want to freeze my bank acct…I have none. They want to..probably kick my ass..that they can definitely do..but that would hurt them, because if I get hurt and sue, they probably owe me money.

So here is my dilema, should I file Bankruptcy ..as there are other creditor waiting in line to sue me. Or should I go to court and and plea guilty but have no way to pay?

Yeah, I know..I’m a deadbeat, but I don’t blame my misfortune on no one except myself. Lost my life savings and people are laughing at me. What a cruel world this is. To file BK or not to file BK? If I do, I will have a fresh start says a friend. If I don’t, my friend says that the creditors will put my balance on my credit report, and renew it every 7 years…meaning that I can call the credit reporting agency to remove it, but they have a right and probably will repost my balance…as nothing had been collected. Is this true? I thought a negative item must be removed after 7 years, but it could be put back in and stay for another 7 years?? Please help. Thanks in advance.

i have credit cards that are killing me. around 10k debt. i am wondering if i can file bankruptcy on just my credit cards, but not my home and my vehicle. i have never been ever been late on any payment or have missed a payment on anything ever in my life including my credit cards. the interest is so high on my credit cards that im paying 700-1k a month just on credit cards and im barely making a dent on paying them off. so can i do this legally with a lawyer with out anyone coming after my home or vehicle. i live in florida. i also just bought my home october 2009 with a fixed 5.5% interest rate at 165k. my vehicle i have had 1 1/2 years and originally paid 26k on a 3.99% fixed interest rate.

I was laid off in February of 2009 and have not been able to find a good job since. I have been without medical insurance for almost 3 years and have to pay out of pocket for a required medication costing roughly 0 per month. I have moved back into my mother’s house (I’m 26) and I am overdrawn on my bank accounts every week just from paying off my car, my storage (I moved home from another state since I could no longer afford rent,) my medicine, groceries, and then attempting to make payments on my debt. I have spoken with a credit counseling organization (MMI) and they have offered me a plan by which I would pay them about 0 per month. This plan would entail 0 per month for debt payment, 5 for car payment, 5 for my student loan, 0 for medicine and 5 for storage of all of my possessions. This is 95 per month. It does not include food. It does not include emergency preparation. And it is also 0 over my monthly income.

Issue #1: I need a new job. On average, I apply for 20-30 jobs PER DAY. I have been told that, since the economy went bust, EVERYONE checks the credit of a potential employee. Obviously my current poor credit is enough to render me unhireable. If I declare bankruptcy, how much worse can (will?) my job hunting situation be? I currently temp at a front desk for just 30 hrs a week, no benefits.

Issue #2: I need to be able to move out of my mother’s house. She is very kind to have opened her home to me when I am in such need, and I try very hard to stay out of her way, but she makes it very clear that it’s a huge burden on her to have me around (I know she is right, but it makes it no easier). She is also 100% against me declaring bankruptcy, not only for the impact it will have on my life but for the stigma it will bear on hers. I need to be able to have my own place again. But, my current credit is so poor AND declaring bankruptcy would remain for 10 years on my credit report, that no one would possibly rent to me. Which is less devastating to a potential landlord? Terrible credit and a ridiculous debt-to-income ratio, or a recent bankruptcy claim?

Issue #3: My car is currently worth about k less than what I still owe. I have tried to sell it back to the dealership, they charged me k and even when I left the car with them, they immediately called me back to pick it up because apparently something in the undercarriage was repaired wrong (oh and getting my k back was a real hoot, let me tell you.) It has already been repo-ed once and I had to pay money I didn’t have to get it back. I have tried selling in private forums, I have tried refinancing, I don’t know what else I can do. No one will buy a car worth almost ten grand less than they’re paying. I want very much to keep it, but I can’t afford it. And yes, simply letting it go would COST ME MONEY. Dave Ramsay says, "sell the car." What would Dave Ramsay suggest in this situation?

Issue #4: I have no savings. If I declare bankruptcy, I will be living off of my income alone (my savings deteriorated during my time when I was unemployed, after which my debt increased exponentially. HOWEVER. If I declare bankruptcy and can divide my piffle paycheck so that at least SOME of it can go towards savings, then at the end of ten years when the bankruptcy falls off my credit report I will have something, instead of nothing. Or just…more of the nothing I have right now.

Issue #5: I can’t pay these bills. (see the price outline in the first paragraph.) Won’t these companies just sue me anyway, if I don’t declare?

Look. I love and respect my mother (who is not a financier.) I do not want to make her sad because her daughter went bankrupt before the age of 30. But let’s be realistic here. How much worse could my situation POSSIBLY GET if I declare, file for Chapter 7 and get my debts forgiven so that I may begin to rebuild.

I would very much appreciate ANY input, on a REALISTIC, REASONABLE alternative to me filing for bankruptcy. I have listened to "Financial University" by Dave Ramsey about 1000x and I’ve read Suze Orman’s books and seen her show.

It would bring me so much comfort, and I would so appreciate it, if my peers on yahoo who have experience or knowledge with this kind of thing could reach out and give me their honest, informed opinions.

Hi I am 18 and i recently got in 17,000 dollars in debt of medical bills after getting help of the gov. i live in nj in a room in my parents house i have no job, no car, basically nothing (I do not go to college). i want to declare for bk since im young and will have it all over my late 20’s but i dont know what effect it will have on my parents… I plan to work work construction later in life (Will the bankruptcy affect this?)

Please help Thank you
I received the debts when i was 18
I had to let my job go because of my surgeries i had and recovery (Which Im still under)

My sister and I were appointed administrators to my brothers estate back in Aug 2010, He did not have a will, he only had a small life insurance policy. My sister and I went and opened a estate account with a tax ID number at the bank. My questions are: Can my personal debt collectors come after what is in my brothers estate account and also if I file bankruptcy can they take the estate account. Thank you for any help.

I have been married for almost 6 years. Im 24 and he is 26. We have two young daughters: 3 & 5. The whole time we have been married he has cheated, numerous of times and the worst part is once it was with my sister for 8 months. and the last time was last August a weekend fling and the other woman lied and claimed she was pregnant and wasnt… He also is very abusive, mental..physical..and verbal… mainly the verbal and thats practically an every day thing… calling me every name in the book… even at times infront of our children… I love him. but not inlove.. theres a huge difference… We married young and we have even talked about divorce several of times and that we would be better off as friends… but for some reason we keep holding on… We just moved from SDakota to FL in november and I am alone here with no family.. Just his… We are staying with his dad and its a night mare… I feel so unwanted. and as if Im an outcast… (im white and he is Jamaican) so a huge cultural difference there… His dad doesnt really like me and I can tell by his actions…

I cry every day almost because I want out and cant stand being mistreated.. I have an opportunity to leave without him knowing next month… but I need to wait til after we file bankruptcy.. (long story)

I have recently begun to talk to a guy I met 8 years ago… he recently divorced a year ago and also has 2 children same ages as mine… We want to be together and we have so much in common… He knows my circumstances and wants me out.. says its not a good situation for my kids and I.. and we both are developing feelings for each other… He is willing to fly down here from SD. and bring us back home… he says im a dream come true… and wants us to be a family and treat me with the respect that I and the kids deserve… and I trust him… The only thing that Im scared of is leaving… its a huge change… and I know Ill be happy and safer…. My whole family wants me back home because they have seen the bruises on me before.. and heard the stories… also my husband was in jail last year for choking me and beating up my 19 yr old brother…. my brother steped in as he was choking me… and it was a mess…

like I said I still love him at times… but its not inlove feelings… I look at my husband with anger and pain and 90% of me wants out… I need some advice PLEASE!!!!!!

Also like I said before Im waiting to file bankruptcy… we are in the process of foreclosure in SD. and have delinquent/charged off credit cards, and medical bills.. and a repoed car from January… He has messed up my life… If I knew I would be ok to wait and file bankruptcy at a later date I would leave ASAP… but I have a judgement against me on a medical bill… so I think the smart thing would be to stay here and wait it out til after bankruptcy….

I WANT TRUE ADVICE!!! and please no degrading me… I hear it everyday from him and cant take it anymore…. SO PLEASE HELP ME!

I graduated Pharmacy School Summa cum laude in 1991.All of my experience had been in retail pharmacy. Married a complete loser in 1994 and went on a path of self destruction. Charged with 3rd&4th degree cds felonies in 1994 and completed all sentencing early in Feb of 1997. I voluntarily gave up my pharmacy liscense in NJ at the time of arrest. Had to claim bankruptcy at that time, credit cards, car payment etc, didn’t cover student loans. I am in default on loans and I am trying to work out something w/them now.Have been told I have to wait 10 years to get record expunged. I had my son in 1996 and have devoted all of my life to him. Have been trying to get a worthwhile job for quite some time but, haven’t been very successful. Finding my self in a situation where I may have to move out on my own and support my son and I need some advice on how to present myself to potential employers, on resumes, on interviews and any advice as to what kind of job I should try for with my educa.?

I am wanting to find out the odds of my hubby and I getting a home loan after a chap 7 bankruptcy. We have had to file on a failed business, but is reflective on personal credit. We are moving back in with parents for 1 year to try and save $ and get on with our lives. We figure we will probably have to rent after the 1 yr with the parents, but is there a chance of us getting a loan if we are able to save up a good amt for down payment? What if we have co signers? Thanks!

My hubby and I have accumulated a lot of credit card debt and we are pretty much not able to make ends meet. W pay ,500 in credit card debt per month and that is only by paying the minimum. Right now my husband is in his medical residency and in 2.5 years his income will be much higher. He thinks that we can keep this up until then, I on the other hand think that we have reached our limits and there is no way we can last that long. My question is how bad is life after filing bankruptcy, will they take our cars away? We only rent, so there is no worry about a house. Any input would help. Thank you

I’ll leave out the details but I am almost certainly going to file. Already spoken to 3 lawyers and picked one. Would like to hear from folks whov’e been through this in the past. I’m curious what "life is like" after it’s all said and done. Do you have regrets? I never in a million years thought I would be ever filing bankruptcy but I started a side business 6 years ago and it’s failed in this economy. And I’ve spent every penny I had saved up.

I’ve been told after it’s discharged, you will be able to get a loan to say, buy a car within 6 months? And a mortgage within a year? (I need to re-fil my home on the lower rates).

Thanks in advance.

My mom and my step dad have declared bankruptcy one or two times in the last 10 years. My older brother now lives with them because his health hasn’t been so great for some time. Needless to say their credit isn’t so good after filing for bankruptcys. Now I hear the bank has gone to foreclose their home and they say to us, their adult children that they have their lawyer working on it but don’t tell us much else. My parents havent made such great choices about their money in the past so we are pretty skeptical. Not only that a majior reason why they are in this finacial hell is because my step dad fell for an internet e-mail scam. I and my brother am trying to help them as much as we can with our own practical smarts but they haven’t told us any details so far. From what we gather my parents could be housless come Febuary. What can be done to help them legally and, or what would you do about all this?
I don’t know what form of bankruptcy they have filed this time.. but they say they will be required to pay all of their bankruptcy debts off and keep up with all of their incoming future bills they will have too.
Step dad works two jobs. My mom is on disability. My older brother also works but he is the one who has been sick (and even though its not HIV or AIDS he may also be ill for years to come too) is now working at a Taco Del Mar.

I filed chapter 7 bankruptcy due to a failed business and was discharged about 9 months ago. In my bankruptcy filings I surrendered my house and moved out after the filing. To this date the bank has not yet foreclosed on the property and I was just taken to court for the 450/month HOA dues for the past year. The house has been empty all this time and now I am out over K. I thought about renting out the place to recover some of this money , but I am concerned that there may be consequences to renting when you are technically in foreclosure. I want to accelerate the foreclosure process and get rid of this issue and get on with my life, but not sure how to proceed. Any guidance would be appreciated.

I just got divorced and I have two questions for people with bankruptcy experience. Our divorce was by agreement (through lawyers) so we never got to see the judge. The debt declared by both of us was split in half. Basically, I pay these collection companies and you pay these collection companies type of deal. Now I’m ready to file for bankruptcy and have the following questions:

1. My ex-wife didn’t declare all her debts in the divorce papers. I recently found that out on my own. She is a very dishonest person and had a secret life during our marriage. I guess she didn’t disclose everything on the papers as she was afraid she could lose custody of our child when all the nasty details of the affair, hotel payments, etc. came afloat. Without getting into "you can sue her" for lying on the papers or "contact an attorney", how can I find out all her debt so I can get it discharged? She won’t tell me about it. I have my 3 year old daughter’s social security (for medical debt inquiries, etc.) and I know my ex’s too (using hers for debt inquiries could be illegal I think). My initial thought was to start calling collection companies around, Sears, Check into cash, Banks, Walmart (she did some nasty s. once and Walmart was sending "you owe me money" letters, etc. ) with her social security but that’s illegal I think. How can I find out all her debt? I don’t want any surprises after I file for bankruptcy. I appreciate it if you don’t give me "Ask a bankruptcy lawyer" type of answers. I just need some answers now from people that might have gone thru this or have experience dealing with bankruptcy matters.

2. We were separated for almost 2 years before the divorce. I kicked her out of the house so it wasn’t legal separation. In the creditor’s eyes, is the NEW debt she incurred after our separation but before our divorce considered my debt too?

3. In the eyes of the creditors, is the debt she incurred during our marriage, SOLELY IN HER NAME (her credit card, some loans she received, etc.), considered my debt too? Obviously she had a secret life and I didn’t sign most of her agreements. I didn’t have any clue about her dealings.

4. As I said before, the declared debt was split in half on the divorce papers. I’m filling for bankruptcy now to discharge my part of the debt. Could my ex-wife have any legal grounds to go after me for not paying my part of the debt as there is no doubt the creditors will go after her? By filling for bankruptcy, to most rational people it would mean taking care of my debt. I could be wrong.

5. Divorce question. Am I divorced? It’s been 6 months already and I haven’t heard from the courts? Is our lawyers sending the divorce agreement papers to the courts considered being "DIVORCED" or do I have to wait for some certification of divorce from the judge? I was supposed to go for a final "optional" appointment with the lawyer to get answers to my questions but I just dropped the whole thing (too much $$$$$$$$$$$$$)!!!!!

The more answers the better. Thanks guys!
Sorry, the state is Oregon. Please no "Call attorney" answers. Just answer if you know the answers to my questions. Thanks.

My mom and my step dad have declared bankruptcy one or two times in the last 10 years. My older brother now lives with them because his health hasn’t been so great for some time. Needless to say their credit isn’t so good after filing for bankruptcys. Now I hear the bank has gone to foreclose their home and they say to us, their adult children that they have their lawyer working on it but don’t tell us much else. My parents havent made such great choices about their money in the past so we are pretty skeptical. Not only that a majior reason why they are in this finacial hell is because my step dad fell for an internet e-mail scam. I and my brother am trying to help them as much as we can with our own practical smarts but they haven’t told us any details so far. From what we gather my parents could be housless come Febuary. What can be done to help them legally and, or what would you do about all this?
I don’t know what form of bankruptcy they have filed this time.. but they say they will be required to pay all of their bankruptcy debts off and keep up with all of their incoming future bills they will have too.
Step dad works two jobs one as a school janitor and the other as a large route news paper carrier. My mom is on disability. My older brother also works but he is the one who has been sick (and even though its not HIV or AIDS he may also be ill for years to come too) is now working at a Taco Del Mar.

Your Name?
Your Partners name?
You and your partner have recently married at the age of 24, and you decide to try for a baby. Luckily, after 2 months of trying, you fall pregnant, and you’re both delighted.
After nine months of a blissful pregnancy, you have beautiful twins (Genders are optional), there first names are the main character in your favorite TV show, and there middle names are either Ross, Chandler, Joey, Monica, Rachel or Phoebe.-
a)
b)

When the twins are 1 ½, you and your husband are delighted when you find out you’re pregnant again! But this time, its with triplets, who are born on Christmas day! You have 2 girls and a boy, there first names are too do with Christmas, and there middle names are modern.
c)
d)
e)
The twins are 5, and the triplets are 3 ½ , and you find out your husband has an online gambling habit and it looks like he’s going to run you into bankruptcy. Are you going to stick with him?
f) Yes, I love him
g) No, the times are tough as it is, he should deal with it and leave us alone.

If f) was your option, you get your husband off the rails and start too rebuild your relationship, and if g) was your option, you move house with your children, file your divorce, and fall in love with a man called _____ and start your life together.

After moving house or rekindling your romance, you find out your pregnant! (If’ g’ was your choice, your baby is your previous husbands, conceived when you were together, SORRY NEW BOYFRIEND:Px) You have a baby boy, and his first name means ‘hope’, and his middle name has a family meaning.
h)

When your baby boy is 2, your triplets are 5 ½ , and the twins are 7, you decide too move abroad.
When you get there, you find out you’re pregnant! You decide this is your last baby, and you have quads! 4 little babies! There first names are to do with your new country (landmarks, towns), and there middle names are traditional names from the country.
i)
j)
k)
l)
Finally, for your last addition, you get a puppy, its gender is
m)
Its breed is
n)
Its name is
o)

Name your family!-

Enjoy your life
Sorry if this was too confusing, hope you enjoyed itXD

I find myself more and more isolated in my frustrations…. seeing the Fed delaying the inevitable- bailing out another huge corporation with my money.

NO ONE is being taken to court, everyone escapes responsibility for bad decisions over the reliance on the ratings agencies. they get their trading bonuses right away, before any loan performance can be verified. where the h@ll is the accountability here??!! doesn’t anyone else care?!

my parents got fu&*ed 10 years ago when someone bought their house with no money down and then he defaulted. they were pushed to the edge of bankruptcy after working all their lives to buy a home. where the hell was the Fed to bail them out?!

is it because americans are clinging to the dream of being the ones doing the screwing instead of the ones getting screwed…?!

that’s why everyone is content with these disgustingly corrupt politicians that the bankers own?!! they pay off politicians on both sides of the aisle so that the bad lending practices continue, and nothing changes…. further funneling what little wealth the public still has into the fat cat’s pockets! is it going to take a North American Union for people to wake the h@ll up? will they even then?

http://news.yahoo.com/s/mcclatchy/20080909/pl_mcclatchy/3040652

http://theprolific.com/2008/08/meet-obamas-corporate-backers/

http://uk.reuters.com/article/stocksNews/idUKNOA53525520080605

Mike B:

Basically, they had moved out of the house, the deal fell through, and they spent thousands trying to relocate and resell the house

I have always loved her and still do but it was a difficult time in my life when we were dating. I was going through a bankruptcy and didn’t have any direction in life after I got out of the military. There was a lot of stress in my life and I think I took a lot of it out on her. I was very immature at the time. In the end I drove her away. Several years later I still think about her. I just heard from one of my friends that she is getting married and when I heard that, my heart just broke. How do I get over this?

I have always loved her and still do but it was a difficult time in my life when we were dating. I was going through a bankruptcy and didn’t have any direction in life after I got out of the military. There was a lot of stress in my life and I think I took a lot of it out on her. In the end I drove her away. Several years later I still think about her. I just heard from one of my friends that she is getting married and when I heard that, my heart just broke. How do I get over this?

After 8 long and utterly painful years, the nightmare of divorce continues and has led to my complete financial ruin, irreparable harm to my career and most important, I’ve been deprived of any semblance of a relationship with my children. I readily admit I contributed to the demise of the marriage however my ex-wife has used every tool at her disposal to squeeze every drop of blood from the stone and that includes her own children. Over and over again, she would manufacture a crisis accusing me of everything untrue from abuse to drug addiction and then move the kids in the middle because she knew my love for them was enough that I would capitulate to her to save the kids. Most notable was her coercing my then 14 year old twin sons to aide her in burglarizing my apartment and stealing the last ,000 of assets I owned. Six months later, charged with 5 felonies I thought finally she would be held accountable for her terrible deeds however the prosecutor informed me that my children were prepared to overturn their previous testimony and state that they acted alone. The prosecutor asked if I’d take a deal to save my children from lying in court. I asked for only my property to be returned. My ex-wife refused ANY deal and once again I rolled over to protect my boys.

Divorced the same month in December of 2006, I lost my job as senior technologist for the business. My divorce required me to pay 40/mo in combined support. My ex-wife declared I was voluntarily unemployed and a labor lawyer said that it would be difficult and costly to fight. I was unemployed and the terms of divorce left me nothing therefore I was in desperate financial shape. I then learned that the VA Dept. of Child Support Enforcement can modify support. I called many times. I wrote letters. I received no response. Soon my bank accounts were seized for back support forcing me to be evicted. I was forced to move in with my parents. 49 years old and living with mommy and daddy. Humiliating.

Finally I got a good job in CA but it too lasted on 6 months since the economy caused the company to shutdown the division I was hired into. The day I was let go, I again called the VA DCSE and after several tries finally spoke with the case worker who told me what to do to modify support. I complied and I waited as I again lived with my parents to try to recover my life. After 9 months (last December) in the eleventh hour of the process when I fully expected to have my support finally modified by the court, I was informed by the case worker that she transferred my case to PA (current state of residence) and therefore my review process was terminated. Incredible! Unbelievable! Since had the support been modified properly it would have been retroactive to the date my ex-wife was served (March) therefore the transfer cost me 40/mo for every month since March of last year. In February I marched into the DCSE office and demanded I speak with a manager which I did. He was shocked at what happened and I felt I finally had a sympathetic ear. He told me what to do in court since I can’t afford an attorney. I have been trying hard to navigate the legal system that is hopelessly biased against me.

This week I went to a hearing to temporarily modify support in advance of the hearing on the entire petition scheduled for September. I was shocked when the DCSE lawyer requested a trial and clearly was gearing up to fight me. The DCSE’s abject failure to process my reviews and requests for support, first in 2007 when they simply ignored me, and then in 2009 when they transferred my case. The DCSE has done everything to PREVENT me from supporting my children.

Today my credit is impugned with a Child Support Lien of over ,000 as well as bankruptcy that occurred finally in 2008. Since credit scores are used today as a filter on new applications I can’t get a job at the gas station (I tried!). Maybe bagging groceries or other parolee oriented positions.

The damage to me is almost incalculable. I am a former executive office of public companies and today i can’t get a job at a gas station due to abysmal credit. I’ve been unemployed 2.5 of the last 3 years and will never aspire to the same level where I was a 6-figure wage earner since 1989 and former gazillionaire with stock prior to the 2002 crash. I have a new wife who remains in Europe waiting for me to solve the problems so we could be reunited. My ex-wife continues to withhold my court ordered custody. And she gets away with everything because the entire system is so bloody biased against me. I paid and paid and paid for the sake of my children and now the system is a willing accomplice to her campaign of destruction.

Our constitution guarantees us the fundamental rights of life liberty and the pursuit of happiness and that these rights cannot be deprived without due process. Where was my due process?!? My life is in shambles and pursuit of happiness impossible. So who

My credit score is 490 and i’m in the process of getting bankruptcy.
I dont know how life is after babkruptcy. I know things like car rates will be very high. How different will things be? i’m only 25 with two children, working and making 21,000 a year. I want to buy a used car soon but I’m scared of high rated including insurance. Will I be denied for everything? I only have a Macys card and that one is in good standing and will make sure it is. Any one can tell me how life will bw with low credit score and bankruptcy?
My total debt is over ,000 because of stupidity and not being able to control my spending. I have a date already to meet the creditors.