My fiance and I are getting married in less than 2 months. He was rear ended at a red light (the other person was texting on his phone and traveling 40 mph) and is currently being treated (and we have a lawyer). He’s in so much pain that he’s on oxycodone and is attempting to go to work when the pain is not so bad (since we have a mortgage to pay and all).

I am very afraid that the people that hit us have minimum insurance coverage (k). We’ve been doing medical liens for our doctor visits. We do have medical insurance but they won’t pay anything until we make a try to make a settlement with the person that hit him.

If we sue them, and they declare backrupcy, will we have medical debt collectors coming after us or will that go away with the other person’s bankruptcy? We are paying every cent to try to knock out our student loans at super high interest rates…I have no idea what I would do if we would have to pay the entire cost of his upcoming surgury and treatments.

We are trying to get debt free and live a respectable life. We do not want to get rich from a settlement…simply pay for our losses.

my dumbass husband put us into chapter 13 bankruptcy because he was blowing all our money literally up his nose, he admitted this to me almost 2 years ago and had been keeping this coke habit a secret for years. well now he’s doing it again, money missing late on or mortgage again, and his sister actually told me today that he stopped by her house today and used her bathroom and was in there for a while and blew his nose befor he left, then she went in there and found a little tiny bit of white powder (shes been suspicious too) and her boyfriend tasted it and said it definately was coke. so now that i know for sure he is doing it again… his family is going to do an intervention and get him into a 90 day rehab. well i cant afford this house on my own we cant even afford it together. so what do i do? we have 2 kids and 2 dogs. it kills me to take my kids home away from them and what about my dogs? we love them. i hate my stupid husband im soo mad!!

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.

Hi, I was in the process of modifying my mortgage with Taylor Bean Whitacker…(investor is Wells Fargo so not a Fannie Mae, Freddie mac loan) My paperwork was submitted to Wells Fargo for a loan mod…I’m self employed and business has taken a big hit this past year) Anyway I’m told now that Taylor Bean still has my loan but it will be transferred to someone at some point soon. I am 60 days behind but have been putting money in an account on the side for my mort. payment. Everywhere I read online says do not send TBW your mort. payment as it will get held up in bankruptcy. It makes me VERY nervous to not be sending a payment. They are making no attempt to collect, I receive no calls, no mail. Is this ok? until the new company takes over and gets my mod going again? Any advice please!! Thanks
I have contacted Wells Fargo and the person I spoke with said that there is no way anyone at Wellfargo would discuss a loan that is serviced by another company..I made several calls and finally got this last person that told me it’s not possible..does that sound right???

I have had an extraordinarily bad year: sporadic employment, lost my car in an accident, etc. I am seriously considering filing for Chapter 7. All my credit card accts are closed now and under a debt mgmt company (I did this to lower my rates), but since I have no money coming in, I can’t pay them anymore.

I have zero assets to take…my most valuable possession is probably a queen-sized bed. I have no plans to get a mortgage in the next five years, won’t need a car if I continue to live in this same city, and have no desire for credit cards. I just want to bring my monthly overhead to something manageable and restart my life. I live pretty modestly…studio apartment, don’t go out to eat, don’t take fancy vacations, etc.

Is it worth my while to file for bankruptcy? I don’t have creditors or collectors after me yet, but unless I find a job in the next month, that will soon be the case.
If I could find a moderately-paying job (say even 10K less than I have been making in the past), I could pay minimums…however, when you are unemployed, it doesn’t matter how much you owe.

I also want my life back. I’m tired of being so poor I can’t even go see a movie on the weekends. I admit, the idea of having my monthly nut cut in half (with cessation of CC debt) sounds pretty great.

I know that it might be tougher to get an apt in the future…I can’t predict 5 yrs from now, but I’d be OK even staying where I am for the time being. As for jobs…well, I can’t say how often employers check that sort of thing…it’s kind of comical that a bankruptcy would mean you’re more likely to stay unemployed when you think about it.

I want to modify our plan due to the fact that my husband just got laid off. We are unable to make the 00 payment to the trustee on top of our mortgage and other expenses without his income. If my lawyer files for the discharge and they say no, will they at least modify the plan at that time?

I am recently divorced and the reason for my divorce was due to my wife obtaining numerous credit cards on line im my name, she then maxed them out and didn’t make payments on them. When I found out the cards existed the interest rates had went out of sight and late fees had became enormous. Due to the divorce and the credit card debt I turned the credit cards and one personal loan over to Consumer Credit Counseling Service. This is still a strain on my budget. I bring home 3,700 dollars a month and my total debt that I turned over to the credit counselors is now 18,700 dollars. After I pay my rent, child support (which is the mortgage on the house my x wife lives in), car payment, a home equity line payment, and other monthly bills I only have approximately 360 dollars left for groceries and gas, and other emergency expenses. Would I be a good candidate for bankruptcy, or does anyone know a better option?

Were thinking about filing bankruptcy and doing a Chapter 13. Only because our 2nd mortgage sent us to collections for the full amount. Right now we pay 0 a month in credit card fees. Someone told me yesterday that my repayment plan would be much higher that that. Is that true? I thought I would only have to pay up to 15% back in the unsecured debt. Do any of you have the answer? What is the point in filing Chapter13 with a higher payment? I can barely make it right now, in fact we can’t make it.

I have had great financial difficulty this past year, and have fallen behind on many of my obligations, due to drastic income loss. I was behind on my 2nd mortgage, and was trying to work out a loan modification with them, when I called today to find out the status, they informed me that my loan is now closed and charged off. I think I understand what that means, that is a banking term and I am still liable for that debt. My question is; is this debt still a lien on my home, and if is not, can I file it in my chapter 7 bankruptcy? The bank told me that they would not forclose on the home. I have tried to research this, but not finding any luck with the questions I have. I spoke with my attorney, and she said that I would have to file a Chapter 13, or else the 2nd mortgage would forclose…Does any one have any information, or gone through a simular situation?
FYI, my home is not worth as much as I owe, so the 2nd wouldnt get their $$, even if they forclosed.
Thank you David. Now, do you know if the bankruptcy court will see me as behind on my second? The bank is now not concerned will collecting the late payments, but wants to set up a payment plan with no interest. Can I do that and not include this loan in the bankruptcy? I know I can reaffirm it, but with this now a charge off account, I am not sure how that works.

To make this story short, my husband left me for a few weeks last year…financially breaking me down. We were buying a home on land contract and after missing one payment the owner was ready to sell. Our home was being foreclosed on and my husband and I decided to work things out…to save the house we filed Chapter 13. I was a statuatory employee (self employed) so the payments to the trustee were garnished from his checks each week.

After a year, I simply cannot take anymore and I have to leave and return to my family in my home state. What are the legalities I need to take responsibility for regarding the Chapter 13. Will the amount we filed bankruptcy on be split in two with each of us being responsible for equal amounts? What about the house? He has made it clear that he "doesn’t want to go and is happy here…" I have no one here so the house will go to him. Will I still be responsible for paying for half of the mortgage since it was included in our bankruptcy?

I decided to walk a way from my house after filing chapter 13 a year a go. I no longer can pay the trustee neither my mortgage. i will conver to chapter 7 but I won’t because as some one told me that I can stay in my home longer if I wait on converssion. can any one tell me what I should do in order to stay longer in my house( I am unemployed by the way)
thank u all.

I went through a divorce and was forced to pay my ex a lot of money that I did not have. I could not borrow on my home because of the lowering values. I sadly had to put them on my credit cards. I was doing fine, joined a debt management online organization and was actually paying them off. I finished the first and then applied that amount to the rest. I took on a second job, sold my car, and everything else I could cut up all my cards and was very proud of myself for starting to dig myself out of debt. Then I got blindsided, three of the four cards raised my interest to the max because they said I was a credit risk. My score has actually started to come up some so I am really confused about this. My minimum payment is now more than I can pay and still feed my kids and pay the mortgage. I really dont want to file bankruptcy, I want to do the right thing and even after talking to the credit card companies, they are cold and indifferent about this..What can I do?

We file chapter 13 bankrupt in May, my husband had surgery in May and was out of work for 3 months without pay, the chapter 13 pymt comes out of my check which includes our mortgage. Now my husband is back to work with regular income. But while he was off I had a part time job to help pay the Utilities and such, gas eats us up cause we drive 35 miles one way to work, So we never got over the hump.
My question is…is there any financial help for people actively in chapter 13?

I know you have to go to your trustee for approval, but are there personal loans available?

I work for a non-profit who is really struggling because of the economy. I am certain that the CEO will have to layoff some of the staff off in the coming months. I am not too worried about my job, however I am thinking it wouldn’t be the worst thing if I were to lose my job.

My husband and I lost our house to foreclosure a few months ago. We had a bad loan and ran up a lot of debt because we could not afford our mortgage without using credit cards to pay for everyday expenses like food and utilities. Now the 2nd mortgage has sent us a collections letter for the deficiency of k.

We were planning on seeing a bankruptcy attorney this week, because at this point our credit is already ruined. But, because of our combined income, we do not qualify for Chapter 7 and would have to pay a chunk of our debt back anyway.

I was thinking maybe I could voluntarily resign from my job. If I am not working I will have more time to go back to school next semester, full-time. Money will be really tight, but we are living with my mother-in-law right now so we don’t have any rent to pay, just some of the utilities.

In six months we can revisit the bankruptcy option and then we will qualify for Chapter 7 with my husband’s income alone. Here are some numbers: We owe about k in credit card debt alone. I will net about k in the next 6 months. Is it even worth it?

Please don’t judge me, I don’t need any rude comments from anyone. Yes, I realize that I am posting my dirty laundry online, but this is not my whole detailed story, just enough info to maybe get some much needed advice.

Thank you in advance.

My wife and I do not want the house anymore, and we need to relocate to be with family. If we give up the house in a Chapter 7, are we relieved of all liabilities pertaining to the mortgage?

If I have a 1st and 2nd mortgage. 1st – ,000 2nd – ,000
Also about ,000 in unsecured debt.
After living expenses I have about 00 left.

I already have a lawyer but he won’t tell me what my payments will be right now.

i bought my house 2004 at the age of 21. Life happen and my partner got layoff and we couldnt afford the mortgage. we soon rely on credit cards to pay the mortgage and property tax hoping when things get better financially for us we can then pay them back. We then decide to rent out the house hoping to move back in the future when things got better for us and rented a room with family. We are now in a hugh debt with credit cards by trying to keep the house and realize we cant pick ourselves back up from the debt and is now filing for bankruptcy. we defaulted on our home and have been collecting the rent still. . Can we still qualify for bankruptcy?

I have a friend that has over 000 in credit card debt.He makes approx/ 000/year.He has conferred with an attorney who has told him he needs to file Chapter 7 bankruptcy.Would it be better to file bankruptcy or charge off the credit cards?Which one would take the shortest timeline to be removed from his credit ?He just can’t continue at the rate he is going now ,trying to pay the minimum payments on his cards and pay other debts as well(mortgage,auto,utilities,etc)He is desperate and needs some insight.

I am getting a divorce. The mortgage on my house is in my name only. The title is actually in both names. My soon to be Ex-Husband still lives here, he is refusing to pay the house payment. He wants them to foreclose on me. I want to sell the house and use the equity to pay off some debt. The total equity after selling the house would be about ,000. We have a total of other assets of ,000. The total assets we have are 0,000. The total debt owed is ,000. The equity and debt are supposed to be split 50/50, so 50% of the total equity left would be ,000. If I file bankruptcy would I be able to keep a portion of the 33,000 to hopefully have for deposits on a new home to rent, or such? My soon to be Ex-Husband would not be filing for bankruptcy. How would all this affect him?

State of Florida. Family of 5. Yearly income of 76K (includes temporary unemployment compensation). Debts are 86K including a HELOC we are attempting to strip. Living expenses include 1st mortgage of 1165, cars 505, groceries, gas, utilities, etc. totaling around 00/month. I am trying to figure my payment to trustee. My lawyer is going back and forth between 0-1000 a month. Does anyone have any idea what it might be based on your experience/knowledge? I appreciate it so much…beyond words. Thank you.