We have always been low income, actually it is considered very low. My husband had a high fever when he was little and had brain damage so he has to do manual labor and he rarely had a full time job. He has had the same job for 15 years now, but he he got cut down to 25 hours per week last Dec. But at least he makes per hour. I can’t really make much money either. I am suspecting ADHD but I know I do have depression I get bad anxiety attacks. I have had part time jobs before but the last 2 were disasters so I kind of lost interest in working. I have tried doing ebay but you almost have to have money to start with to get inventory. I would like to make crafts and needlework to sell. Right now I have a paper route but am hardly making any money once I put gas in the van. We roughly make ,000 a year and we live in rural Michigan. Here is how we are living. We own a small ranch home on a bit over one acre that we bought with a rural development loan. The payments are very reasonable which I don’t think is the problem. We have a huge property tax bill though, for our income, of over 00 a year because of a city water assessment. We have home insurance to pay. The taxes are about to go higher because my mom has given us money in order to build a garage so we can do woodworking and crafts and things. We have a well and the water is crappy so we have to run a water softener and a water cooler. We will have to get a USDA loan in order to get city water hooked up which I think will save us money in the long run but we run the chance of not qualifying to get the loan because they have income limits and we are running right at the limit-???? we make too much money! We can’t get any other loan because we had a bankruptcy 2 years ago. That is how we used to live. On credit cards. Even when we lived in an apartment. We had a townhouse apartment with a basement and and it was government subsidized. We paid about the same as we are here but we did not have taxes or insurance to pay. The only thing is about those apartments is once you make even a little bit extra money, the raise your rent. My husband is the one who went the most hog-wild on credit cards, buying wood working equipment and electronics. I didn’t use them much for myself. Not hardly at all until we moved here and then it was mostly for clothes. We did use them for a lot of traveling and we even got cash off one once to buy an old car. When we moved here we used them a lot for home improvement because this house was a shack and my husband has a lot of pride. He is afraid to let anyone know we are low income. We also had to use them for car repair. Everytime we get a second car it ends up being a hunk of junk because that is all we can afford and then it breaks down. So right now we have one car (a minivan) that my mom paid for after we had our other cars repossessed after the bankruptcy and we are supposed to be paying her back but are having trouble. The insurance is plpd. We have a landline phone and my husband has a cell phone, which in my opinion, has a higher payment than we can comfortably afford. He gets it through verizon and it has a contract. He got rooked into getting a smart phone last Dec. and it was a disaster; we could not afford it so he went back to a regular one. I don’t know why he just doesn’t get a Trac phone or something cheapy but he gets concerned about the coverage areas. I do not have a cell phone; well I do own one, a trac phone, but I don’t have minutes on it because at this point I feel it would be a luxury. I rarely call anyone because of my social anxiety anyway. We have dsl internet and the cost of it is going higher and higher. Right now it is I think. We could get a slower one but we like to run Netflix shows on it so I don’t know if a slower one would work. We have dishnetwork, the cheapest package and we are thinking about canceling it when the contract runs out because we rarely watch "regular" tv. My husband is older and only likes to watch stuff from netflix like old westerns and stuff from the 60’s. I like to watch HGTV but to pay over a month to watch one channel it is not worth it. I mostly read or surf the internet for my entertainment. We have a dog that we have to buy food for and pay vet bills for. We do not buy cigarettes or booze or get tattoos or anything like that. My husband does tend to spend a lot of money at hardware stores for his "puttering" hobby. I rarely buy anything for myself these days. We have one daughter who is on her computer almost 24/7 she has mild autism so she prefers solitude and her computers which we have to buy. She gets ssi and we depend on that for some income too. But she is almost 18. We don’t have much food in the house. We are paying on a loan to get cemetery plots. We make too much money to get food stamps or medicaid. We have to pay for dental

Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization. Click here for the company’s full statement.

———————-

Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.

"I was told by a security guard to get my [stuff] and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.

Shortly after it opened a massive 0 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.

The company has said it will make a statement at 9am California time, though it’s not clear what that statement will be. An NBC Bay Area photographer on the scene reports security guards are not letting visitors on campus. He says "people are standing around in disbelief." The employees have been given yellow envelopes with instructions on how to get their last checks.

Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said "it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. "

The federal government offered 5 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.

Some Republicans have been very critical of the loans. "I am concerned that the DOE is providing loans and loan guarantees to firms that aren’t capable of competing in the global market, even with government subsidies" Florida Congressman Cliff Stearns told the New York Times.

My grandmother and grandfather have accumulated lots of credit card debt mostly because of my mother (she stole their credit cards in the past and ran em up). I believe the debt is over ,000

Grandpas retired. Grandma still works but will be retiring soon. My mom can’t pay their debt all the people in my family work low wage jobs. They simply don’t care about credit anymore. They pretty much don’t need it. They have a place in their home country that they want to retire to.

I guess I’m the problem. The house, they want to leave to me. They almost did the reverse mortgage thing but realized that as soon as they leave it gets taken away. They also are uninterested in bankruptcy since it costs money. Theyve stopped paying a lot of the cards because they just can’t afford it. What should be done?
By the way, we live in Texas. No liens on property & no wage garnishment. More to add to their indifference haha.
They plan on retiring to a different country. No need for American credit there
@the kid: When did I say I would lose money? I’m concerned because they have worked hard all their lives and have helped me a lot, and deserve a break and to finally go back to their true homes outside the US

I worry because they’re my family and I have watched them suffer because of debt all my life. I want to free them of that burden.

Ok, my husband and I are in about ,000 in debt, He lost his job so he gets unemployment which the amount doesn’t even cover all the bills, I don’t have an education (I do take classes to get my G.E.D.,they take up my entire day; literally. I will be finished with it on May. 31,2012),so I am currently unable to work. We don’t go out to eat at all(strict diets and we hate people to serve us).We don’t have any extra expenses because our families pay for mine and my husbands cell phone,house phone, cable, and my husbands car insurance bills. His check is gone as soon as we get it so we had to get food stamps and medicaid just to help keep food in the house for our son and ourselves. I can’t get a loan for school to go to college when I finish, I have been told that if I file for bankruptcy then I won’t be able to get a grant,by a friend. I hate being in debt, having to rely on family to pay our bills , and not ever having any money,even though I am grateful to have a family who is willing to help us out when we need it. I
have done a lot of research on this matter and even went to 2 different financial planners who have both said to file for bankruptcy is our best option. We own an ugly old trailer(only worth 00 and 1 automobile worth 00, with a initial property value of 00 so every thing we have is safe from the property liquidation process). Oh yeah did I mention we are expecting another child? So I have advised a plan:

Plan:( we usually receive 00-00 in income taxes FED and 7 State, Husbands pay check 00 monthly even)
1) File for bankruptcy after I get my income taxes.(Filing for bankruptcy can cost in between 0-00per person if filing separate or 0-00 if filed together and we have someone who owes us money who is going to pay for out credit counseling courses and test, still no where close to what he owe us).We are filing it together.We would be filing for Chapter 7 Bankruptcy.
2)My husband and I would then open up a secure loan at the amount of 00 each that has a 6.9% interest rate and fees.
3)Now that all of the numbers have been ran, it is going to cost 04.11 per person to pay off the secured loan ( I figure we just open up a savings account, each, with the loan and put in 4.11 per person to cover the cost) and make automatic payments from said savings account for 1 full year. As I am sure every one knows the longer the on time payment history is the better credit rating you will receive. ( I figure we will need to do this for 5 years)
4)Take my husbands pay check and open 2 secured credit cards per person for 0 each with an interest rate at 1.5% .(only so low because it is secured, We both have terrible credit)
5)Turn around and pay our monthly bills with the card( bills and monthly hygiene products equal up to 2 monthly without paying off debt,we won’t have any more.)
6)Turn around again and pay off the cards with his pay check (our parents each said that they will give us 0 to pay for our 1st months bills free and clear as long as I finish school , so 00 cash total.)
7)Do this for 5 years while putting the released funds from the secured loan in a separate saving account at the end of each year for a house down payment(,000 plus interest)
8)Now 1 year after we set this up we will have 2 children, 1 will be 6 the other will be almost a 1.I will be finished with my G.E.D. education, Already started college( I found out the you can still get grants if you file for bankruptcy, they even have grants for people and student who have filed for bankruptcy,so my friend was wrong.)So now I can start saving for my children college,I chose the Gerber Life College Plan, I can pay 06.12 annually from my income taxes so that they will have a fair amount to get them started(I am only getting ,000 per child).
9)Still 1 year after plan started, use the some of the money form my taxes to open up a life insurance policy for the family, I chose 1 for 0,000 and is 2.09 a year(,000 per person).
10)Still 1 year after plan started, put the rest of our income taxes (about 07.68) every year for 4 year in our saving account for the house down payment(a total of 030.72 plus interest)

Ok so about 6 years into the plan we will have about ,000 in savings for a home, a credit score of at least 700 FISO (each), a good size life insurance policy for the family, a college graduate, A working college fund for our children, and an eye out for a modest home.

So my question is, Will my plan work if we stick to it? Oh yeah take in affect my hubby isn’t going to be unemployed forever and neither will I.

http://washingtonexaminer.com/politics/2011/06/union-curbs-rescue-wisconsin-school-district

""This is a disaster," said Mark Miller, the Wisconsin Senate Democratic leader, in February after Republican Gov. Scott Walker proposed a budget bill that would curtail the collective bargaining powers of some public employees. Miller predicted catastrophe if the bill were to become law — a charge repeated thousands of times by his fellow Democrats, union officials, and protesters in the streets.
Now the bill is law, and we have some very early evidence of how it is working. And for one beleaguered Wisconsin school district, it’s a godsend, not a disaster.

The Kaukauna School District, in the Fox River Valley of Wisconsin near Appleton, has about 4,200 students and about 400 employees. It has struggled in recent times and this year faced a deficit of 0,000. But after the law went into effect, at 12:01 a.m. Wednesday, school officials put in place new policies they estimate will turn that 0,000 deficit into a .5 million surplus. And it’s all because of the very provisions that union leaders predicted would be disastrous.

In the past, teachers and other staff at Kaukauna were required to pay 10 percent of the cost of their health insurance coverage and none of their pension costs. Now, they’ll pay 12.6 percent of the cost of their coverage (still well below rates in much of the private sector) and also contribute 5.8 percent of salary to their pensions. The changes will save the school board an estimated .2 million this year, according to board President Todd Arnoldussen.

Of course, Wisconsin unions had offered to make benefit concessions during the budget fight. Wouldn’t Kaukauna’s money problems have been solved if Walker had just accepted those concessions and not demanded cutbacks in collective bargaining powers?

"The monetary part of it is not the entire issue," says Arnoldussen, a political independent who won a spot on the board in a nonpartisan election. Indeed, some of the most important improvements in Kaukauna’s outlook are because of the new limits on collective bargaining.

In the past, Kaukauna’s agreement with the teachers union required the school district to purchase health insurance coverage from something called WEA Trust — a company created by the Wisconsin teachers union. "It was in the collective bargaining agreement that we could only negotiate with them," says Arnoldussen. "Well, you know what happens when you can only negotiate with one vendor." This year, WEA Trust told Kaukauna that it would face a significant increase in premiums.

Now, the collective bargaining agreement is gone, and the school district is free to shop around for coverage. And all of a sudden, WEA Trust has changed its position. "With these changes, the schools could go out for bids, and lo and behold, WEA Trust said, ‘We can match the lowest bid,’" says Republican state Rep. Jim Steineke, who represents the area and supports the Walker changes. At least for the moment, Kaukauna is staying with WEA Trust, but saving substantial amounts of money.

Then there are work rules. "In the collective bargaining agreement, high school teachers only had to teach five periods a day, out of seven," says Arnoldussen. "Now, they’re going to teach six." In addition, the collective bargaining agreement specified that teachers had to be in the school 37 1/2 hours a week. Now, it will be 40 hours.

The changes mean Kaukauna can reduce the size of its classes — from 31 students to 26 students in high school and from 26 students to 23 students in elementary school. In addition, there will be more teacher time for one-on-one sessions with troubled students. Those changes would not have been possible without the much-maligned changes in collective bargaining.

Teachers’ salaries will stay "relatively the same," Arnoldussen says, except for higher pension and health care payments. (The top salary is around ,000 per year, with about ,000 in additional benefits, for 184 days of work per year — summers off.) Finally, the money saved will be used to hire a few more teachers and institute merit pay.

It is impossible to overstate how bitter and ugly the Wisconsin fight has been, and that bitterness and ugliness continues to this day with efforts to recall senators and an unseemly battle inside the state Supreme Court. But the new law is now a reality, and Gov. Walker recently told the Milwaukee Journal Sentinel that the measure will gain acceptance "with every day, week and month that goes by that the world doesn’t fall apart."

In the Kaukauna schools, the world is not only not falling apart — it’s getting better."

I was most suprised that the teacher unions could force schools to only get insurance from a single company that the teacher unions c

Since Border’s just filed for bankruptcy and will be closing all it’s stores, would it be stupid to buy their eReader, the Kobo? I take it that the online bookstore would be close too, right? So after it’s shut down, I wouldn’t be able to put books on it any more?

I was seriously considering the Kobo touch.
That wasn’t the question…

I can’t open bank account because I filed bankruptcy. The banks will not accept because of that. I have been looking for alternatives and while googling I found a thing known as "online account". They say that to open online checking account, i make opening deposit with credit card. Whatever I pay with credit card is my online bank balance. And that then they will mail me checkbook to my house. For depositing check, they said I should scan and email them the check I want to deposit. And that they will use those scans to process the deposit. They say they will also send visa check card through mail, and it can be used at any ATM. Is this scam or real? The online check account site says initial deposit must be 500 dollars using credit card or western union. Is this real or scam?
Also that I should scan and email copy of my social security and driver license for opening of account

OK here is my problem, I have so many bills that I cannot possibly pay all of them off. I have a ton of old medical bills from back before I had insurance, and I have some more current ones as well, I can’t afford to pay them. I’m pretty sure these bills would add up to probably over ,000 total. I had an auto repossession in 2003 which shows as a charge off for 00 something, I have 3 credit cards that are pretty much close to the limit if not at it already, totaling close to 00. I have an online store account that I owe 0 some dollars on. I have gotten myself in a bind, and I need advice from someone who has been there. I pay on all of the charge cards, the online store, my current truck payment, gas/and or upkeep, rent, insurance, household items, i chip in on utility payments, and groceries, phone bill, and whatever else comes up, and I just cannot afford to put out any more. My main question is what does it take to qualify for bankruptcy eligibility? I pay an auto loan, but the loan is in my fathers name since he got the truck for me, so that will not show as outgoing in my name, how do I get around that? I pay rent where I live, but it is to my boyfriend, so i have no proof per say on paper. Please help, I feel like I’m in a tunnel and I can’t get out. Serious answers only please.
If it would be better for you, you may email me, click on the email or send to johnson.april86@yahoo.com Thank you

did they? i heard from my friend but i cant find it any where online

My mother-in-law’s situation:

1) 72 years old. Single. 40 year old deadbeat son living in her spare bedroom.
2) Owns home with 0K loan balance on a realistic value of K. No other debt.
3) Her total income(social security + small pension) is about equal to her fixed costs (mortgage, tax, insurance, utilities)
4) She has been draining her small savings to pay for food, emergency repairs, uncovered medical expenses. That balance is approaching zero.
5) No assets other than household goods and an old car.

Desired outcome:
1) Get out of house and rent small apt with no room for son, lower rent, vs mortgage payment, close to daughter.
2) Get rid of car.
3) No need for decent credit other than to get apartment lease started. She’s never going to buy anything that would require credit.

Bottom line is she needs to lower her monthly fixed costs, get rid of parasitic son and move closer to my wife and I for logistical and financial help.

So my question is does she really need to declare Chapter 7 or can she just do a foreclosure and walk away? I believe a simple foreclosure is the best thing for her; simpler and less stress. Any other thoughts and things she needs to consider?

I’m looking at this as a simple process: 1) Rent apartment and start utilities. 2) Move. 3) Stop paying mortgage. 4) Deal with bank on foreclosure but I don’t really know what she has to lose by just ignoring them.

Thanks.

Every statistic and actual fact points to the direct opposite. The American Journal of Medicine says over 3 out of 5 personal bankruptcies are due to medical debt (http://en.wikipedia.org/wiki/Bankruptcy_in_the_United_States). That’s 60% of all personal bankruptcies which make up the vast majority of all bankruptcies. There are a total of 0 (zero) bankruptcies due to medical bills in other industrialized nations.

Canada spends 10% of GDP on healthcare, the UK spends only 8% of GDP on healthcare while the US spends 16% and still has to pay for insurance!

UK and Canadian small businesses are not burdened with having to pay for employees insurance making them more competitive.

Every industrialized nation with Universal Healthcare (UHC), bar none, has longer lifespans, pays less than the US and is happier with their systems.

Even when Americans buy private medical insurance, they’re still not covered for many problems. You would never be turned away in a UHC country for a pre-existing condition.

The American system works just like a UHC system. Americans that say “I don’t want to pay for someone else” obviously have no understanding of how private insurance works. AIG pools your money and when someone gets sick they use that money (your money) to pay for the sick person which is exactly how UHC works, except the pool is bigger which leads to lower risk and lower costs.

Canada and Australia run UHC and not one bank collapsed during the financial crisis, in fact both country’s economies grew significantly.

The cost of private insurance is climbing much faster than in UHC countries and families cannot afford proper care and preventative checks. This leads to higher costs when they finally do go to the hospital and the problem has become severe.

Americans pay 5x what Canadians pay for medical treatment and yet their life spans are lower, their infant mortality is very high and

How can someone looking at these facts say that it’s UHC that’s failing without being brainwashed?

According to online sources, my income is too high to file for bankruptcy (which I don’t understand since stars and wall street people can file). My monthly bills are higher than my monthly income. For over a year, I have been supporting my adult sons who don’t live with me – one has been in college and one has been unemployed due to depression and not being able to find a job. Is there a way I can still file for bankruptcy? I don’t see any way out. (Yes, I have now stopped supporting my sons but I would guess the one will file for bankruptcy soon due to his mental health and job status.) HELP!

This is a really cool story from the Wall Street Journal (I never thought I’d say that!):

http://online.wsj.com/article/SB10001424052702304778304576377880810167382.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForth

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.

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.

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.

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

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

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.