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.

I was having over 70000 dollar credit card debt and about 32000 dollars in bank loans. i filed chapter 7 protection and my 102,000 dollar debt was eliminated. What other benefits exist beside elimination of debt?

Sorry for being long.

I got married late in life. I was 34 and she was 27. We couldn’t have kids for some reason so we eventually adopted 4 kids. They are now 10, 8, 7, and 6. Things went pretty good in our marriage till we adopted the last 2 they are biological brother and sister. My ex never wanted to adopt them. She claims I forced her to adopt them. She found out she could still get money each month for these kids because they have emotional problems. She started to be I would say to the point of emotional abuse with them. She finally kicked me out of the house after a fight because I would not punish them the way she wanted them to be punished.

I moves in with my mother who was dying and took care of her till she died. I ended up started therapy and anti depressant. Paxill. It’s been 2 years now and the divorce is finally finalized. I inherited all the credit card debt ,000. My attorney cost me ,000. I still owe him ,000. I will haveto file for bankruptcy.

In the meantime. I work in a hospital my boss and I got into it he wanted me fired. I ended up switching departments and started working the graveyard shift. Part of the divorce I got the kids 35% of the time. My ex wanted me to have them only 10% so I got a pretty good time with them.

My ex still treats the youngest 2 different. Never hugs them or tells them they are loved which she does with the older 2. She also has told them to there face that the girl will be pregnant by the time she’s 15 and the boy will be in a group home by the time he’s 12.

I moved into a condominium 1/2 mile away from the kids. I am renting it. It’s the cheapest place in town. With rent, child support, utilities , phone and car payment(my credit is ruined can’t get another car). With that going out I have no money even for food. Easy solution would be get a second job. I am 17 months away from retiring from the hospital. Last week I was rushed to the emergency room with a perferated colon. Stayed in the hospital for 5 days. They may haveto operate when the colon heals. My ex wouldn’t bring the kids up to see me or give me a call. My boss is being very good to me. I have been calling into work 2-3 times a month for the last 2 months. She is moving me to the afternoon shift next week that way if I need time off work there are more people to cover. Right now I am still very weak I will probably haveto go back part time. There is no way right now to get a part time job. In the meantime I contacted my ex since my visitation hasto change she has agreed to only 1/2 the amount that I used to have with the kids. Meaning 78 hours a month less. I have my attorney helping me with that.

My kids are my entire life. I can’t cope when they are not with me. About a month ago I was to the point of suicide. I know I wouldn’t do it for the kids sake. They changed my depression meds to celexa now. My siblings are mad at me because they want me to let my ex take 100% custody. So I don’t even have them backing me up.

I have so much crap going on and whenever I say it can’t get worse it does. How can I stay above water and not sink. I am to my breaking point again.

I am a computer professional with 11 years experience, some college, some tech school, no degrees. After school, I was unemployed from late 2008-2010 because apparently we are in the throes of our 2nd great depression. Currently I work at the only job in my city that was willing to hire me; a gas station. I am a clerk dodging bullets on third shift, dealing with people writing their names on the bathroom wall in feces, and bringing home 240 bucks or less every two weeks. I was denied foodstamps and healthcare by the state of WI, so to survive during almost 2 years of unemployment before landing my gas station career I took out a credit card to buy food, gas, and outrageously priced cigarettes as I’ve been unable to quit (judge if you must). Currently I have racked up nearly 13,000 dollars of credit card debt. Each month I pay in 200 to one card, and 120 to another leaving just enough for rent… most of the time. (Not electric bill, food or other expenses). I have been applying to an average of 5 jobs per day only to be ignored time and again, and last week I gave up completely on looking for work, and have decided to enjoy my life a little rather than hanging out at a job center every day off. I own nothing. I have a beater ford escort from the early 90s that I purchased for 250 dollars cash, a matress, some sheets, and a couch I picked up off a corner. I also own a dartboard and a cheap handgun given to me by my girlfriend’s father (which I think about using daily). Not really worried about the repo man coming to call if you know what I mean. Since all the debt was used buying perishable goods, and since I can’t find work, I am thinking my best course of action would be to file chapter 7 bankruptcy so I can once again sleep at night, riding my bike in the summer, not working winters, and just stealing food to survive. Being white and having no children it’s more than obvious welfare won’t work for me. Just looking for some insight… maybe someone has some advice for me.
It’s my understanding they can only garnish wages in a chapter 13 bankruptcy, and even then, only on disposable income. Making just under 00 dollars a year, this just isn’t feasible to repay. It’s starting to look like this is my version of a government bailout…

I just graduated college a couple months ago and can’t find work. I let my family take advantage of me and run credit cards up, so now I am ,000 in credit card debt. Part of which is a ,000 Care Credit account my step dad used to get false teeth after having his knocked out in an accident.

Now they are ignoring the debts they accumulated and promised to pay or they make excuses why they can’t. I’m an idiot for trusting them! I have sold everything I own to pay for the bankruptcy. I am being sued by two of the creditors.

I have no choice but to file bankruptcy since I have no income and no assets. I am seriously thinking suicide might be an option as I have always valued responsibility and utterly embarrassed by this situation.

I’m so frustrated. How can my stepdad put his teeth in every morning and not feel bad about the utter horror he is putting me in? To make matters worse, he just put a new pond and water fountain in for me mom for mother’s day, complete with bridge and all the pretties. They are also buying a new truck.

I hate my life. Is there a chance for me to recover from this and live a normal life? I am still keeping my car which I am current on payments, but I’m scared and confused.

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’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 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.

As long as background checks out, I’ll be moving in 2 weeks!! HR said they were checking "criminal, sex offender & drivers license" – but the form I signed listed everything under the sun including credit.

- I’m insured & have valid drivers lic. (albeit 3 speeding tix in last 5 yrs)
- clean record (no misdemeanors, felonies, DUI’s, bankruptcies etc)
- no falsification of work/education (albeit maybe off by a month/day)
- zero credit card debt & own my own place……

BUT I’VE SCREWED UP ROYALLY ON STUDENT LOANS – IF THEY WERE TO SEE THIS, WILL THEY SWITCH GEARS & RETRACT THE OFFER?

2ND QUESTION – IF I HAD SOME KIND OF MYSTERY WARRANT OUT ON ME (EX: WHAT IF I SKIPPED JURY DUTY & DIDN’T KNOW? WHAT IF LAW IS AFTER ME FOR UNPAID PARKING TICKETS? WHAT IF THE GOV’T DIDN’T GET MY TAXES THIS YEAR?) – WOULD THIS HAVE SHOWN UP ALREADY ON THE BACKGROUND CHECK I ORDERED ONLINE A COUPLE DAYS AGO?…..OR ARE THESE NOT AS UP TO DATE AS THE "REAL THING"?
(I’m in "default" of student loans….not just late)

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 am only 25 years old and have a little over ,000 in revolving debt. About ,000 is unsecured credit card debt and ,000 is on a leased car. I am getting over my head in bills and falling behind by about 3 months on most of my credit card bills. I have creditors calling me and I avoid all calls now because they are so rude (as if I owe them personally). I am under so much stress that my health is being affected. I met with a credit counselor regarding debt management and came up with a plan to pay 0 a month to pay towards my debts, over a period of 5 years. I added it up and the debts I will be paying is only going towards the ,000 credit card debt and 0/month for 12 months for 5 years equals out to be ,000 that I will pay out on a 000 debt, well over what I originally owe. Also, I have done my research and debt management seems very similar to filing Chapter 13, so I am considering filing for a Chapter 7 bankruptcy, can somebody clarify what my advantages are over the disadvantages. I know that filing for bankruptcy is bad on my credit but I think that if I file bankruptcy it will be easier for me to save money towards big major purchases in the longrun. Plus I am only 25. Assuming by the time I am 30 it should be alll good right? Am I thinking naively? Also I was thinking that if I file before my fiance and I get married, it would be much better? Also what exactly do I need to qualify for a Chapter 7? Please help!!!!

Were considering chapter 13 and I have been doing some research online. I read that we will have to have a meeting with creditors? All of ours is credit card debt. Do representatives from CC’s really show up? Seems like with the number of bankruptcies these days it would be hard for CCs to have all these meetings?? Please, has anyone gone through one of these meetings? What should I expect. We have not met with a lawyer yet. We are still in the planning stages. We’d like to file chapter 7 but don’t think we will qualify.

I owe roughly 2600 in credit card debt, and the bill collectors have decided that their recommendation is to continue with legal proceedings against me. At this point, my question is whether wage garnishment is the only available recourse they will have against me, and if so, how much will I be garnished?

I own my car, and it’s worth is roughly ,085 according to Kelly Blue Book. I do not own a house, nor do I pay a mortgage . I do own a laptop computer (that is entirely paid for) as well as a 7 year old desktop computer ( obviously paid for as well).

I have spoken with some people regarding chapter 13 bankruptcy, and they have suggested that the fees associated with that are not worth my trouble, and I agree.

Roughly, I earn between 300 and 400 dollars every two weeks. What could I expect to loose?

Thank you in advance for you time and help with this.
Also, I would like to point out that I have spoken with the creditors and they have been rigid about not accepting any payment plans.

I have a ton of credit card debt due to divorce, unemployed;credit in toilet; need to file bankruptcy but…I dont even have the money to do that; I have a 2004 cherokee and dont owe anything on it and would take a loan on it to pay bills and get the money to file bankruptcy but dont know if I am allowed to do that; i am unemployed right now; last year i made nothing basically; have no idea how i have even made it; stopped using credit cards nine months ago; what can i do; the grand cherokee is worth like 7 to 8k it only has 55k miles on it; i just dont know what to do; i want to just get my bankrputcy out of the way; a year ago my life was perfect now its in the toilet; barely even getting by; on food stamps; severely depressed; my precription is like 200 dollars a month and now i cant even pay that; i am 36 and make no money and have not for a long time; have no idea if there is anything out there that will help me; i put in applications and resumes in all day long; its so frustrating; now without my script i will be even more depressed and things will only get worse; i wish there was some short term presription help; my doctor charges 50 dollars a visit and i am down one payment with him; if anyone knows about bankrputy or what i can do; i dont want to get one of those 1 month loans and pay 300 screw that; i cant lose my car; plus i dont even know if you can do that when you are about to file bankrputcy i just dont know what to do anymore anyone with advice and not some stupid spam also i have a mortgage on a small condo and am not behind yet because i have a roommate; last year my brother killed himself; my best friend died a month after that and my wife cheated on me and got pregnant and i got divorced; its like can anything good happen; i have never collected any unemployment because i started my own business so i was self employed; i just dont know
i looked into gettng low income but unless your house is in foreclosure or your car is in foreclosure than they wont help you no matter how low your income is; your house or car has to be in foreclosure or about to get your car reposessed for legal aid to do it and i would have no idea on how to file bankrpuctcy; i have no idea

I am nearly 000 in credit card debt total and I am unable to pay my bills and I am looking at filing bankruptcy, but I don’t know if it is a good idea to do? I also wanted to know what company is the best for filing bankruptcy. I know that after I file I wouldn’t be able to get an apartment or a car or a job due to me being a bad risk of getting anything, but I wanted to know how much does it cost to file bankruptcy and is it a one time fee payment or is it per month? Please help me. I really would like to get a fresh start and have my life back again. Thanks so much.

Hi, I owned a business a few years ago and it went belly up. I was forced to close shop and was left with major debt to deal with. I settled some of my business credit cards, but my current situation is:
- I have a small business administration loan (SBA) for 0,000. They got a judgment against me and I’m trying to work out a payment arrangement with them
- I own four houses but they all have liens on them from the SBA
- I have 30-50k in credit card debt
- I owe k in taxes to uncle sam
- I owe about k in property taxes

So, all in all, everything is great. What I’m looking for is help on how to find a trustworthy person/company to work with to help me through my possible options, but bankruptcy to other measures. It’s so hard to find people online who aren’t trying to swindle you. Any help you can offer for finding the right people or even the right category of person would be greatly appreciated. Not sure whether I should be going to a lawyer or financial adviser or some combination.

thanks!
I love how the first response is for what undoubtedly is a scam. Thanks!

i filed chapter 7 bankruptcy in 1999 jointly with my wife. it’s still on my credit report for another year. i have 40000 grand in credit card debt again.i know the laws have changed for bankruptcy.can i file jointly again and still reaffirm my mobile home loan and keep my crappy cars that are paid off,but they are badly damaged by hail so probably worthless. basically am i allowed to file chapter 7 bankruptcy again?

Here is my situation. I have aprox. 70k in credit card debt from personal stuff and buying stuff for my new business that I havent opened yet. I have a 5,000 mortgage on a house that is worth 0,000 at best. So my question is, will the banks take the stuff I have for my for my business to pay off the debt or can I "sell" it to my parents for 0. Will my debt be wiped clean? After bankruptcy I can open my business for a minimal cost and rent a house for the next few years till I build my credit up again. My credit score is a concern, but not as much since I will be bringing in a salery of 40-50k per year, have low living cost, and hopefully enough money in the bank in 5 years to pay cash for a new house. I just need a clean slate.

My husband and I were working towards becoming debt free following Dave Ramsey’s plan and in Feb he got in a car accident and lost his job.

I make a decent salary so I’m paying all our major expenses and we cut everything unimportant (cable, internet, restaurants, etc). I also do calligraphy at night & weekends for extra money.

We had quite a bit of credit card debt that we racked up in college. We are not using the cards anymore and have been living 100% cash for the past 3 years.

I simply cannot pay the minimum payments (after August 2009) until my husband gets another full-time job. He is applying everywhere and we are selling things and working odd jobs to make up the difference and trying not to use any savings for as long as possible.

We also have medical debt that his insurance company denied and we are paying a little on that to keep it current. Our lawsuit will probably settle that so I’m not worried too much about it.

We have applied for unemployment but it is still processing. Not sure what is going on with that but it is supposed to be 0 per week.

Will credit card companies work out a goodwill payment until we get back on our feet? I’ve never had a late payment in my life. I just want to try to pay /card/month to show that I’m willing to continue paying my debt.

I have a baby on the way and I have no idea how expensive this is going to be.

Do consumer credit counselors work? I hear a lot of people jaded by them and say it is better to file Chapter 13 bankruptcy and work out a payment plan.

I’m sure it can’t be much longer before husband finds another job but I want to prepare for the worst.

Thanks in advance!

My family is pretty average as the middle-class goes. Earning around k a year. But my dad wasn’t so good with the finances and we ended up with a bunch of credit card debt. The filed for Chapter 13 bankruptcy in December and now cannot sign for any loans. My dad says he refuses to contribute any money to my college fund because he wishes to retire when he originally planned to. He won’t make any changes to his buying habits (such as eating out, buying electronics and guns) because he is very stubborn. He feels that if he earned it, it’s his to spend.
I don’t know what kind of loans I can get without a cosigner. I want ones that I wouldn’t have to pay till after I graduate.
I have applied for a few scholarships but it wouldn’t be enough to pay for most of the tuition, even if I win all of them.
I’m hoping to attend a public university (the state I hold residency) which costs around k a year.