Recently on our legal forum a user asked, “I filed bankruptcy several years ago and had several of my large debts discharged. Due to an unfortunate event and a series of bad decisions, I have managed to generate another $35,000 in unsecured credit card debt and a personal loan of $20,000. I really don’t want to file Chapter 7 bankruptcy a second time. What are my options?”
Recently on our bankruptcy forum a user asked, “I have over $35,000 in credit card debt. I have $50,000 in medical bills. I also have an outstanding student loan. I am wondering if I can file Chapter 7 bankruptcy. If so, what will Chapter 7 do for me and how does the court determine whether I qualify? I have heard it’s gotten more difficult to file over the last ten years or so.”
Recently on our legal forum a user asked, “I have been receiving Supplemental Security Income (SSI) for two years. I have massive amounts of credit card debt and medical bills I will never be able to pay. I am wondering if I can file for bankruptcy and how my Supplemental Security Income (SSI) benefit will be affected?”
Recently on our legal forum a user asked, “I have been paying child support for my stepson for 10 years, even after his mother and I got divorced. I am not sure what happened to the father, but they have never been able to locate him. Now I have lost my job, and I am considering filing for bankruptcy protection. I am wondering if I have to keep paying child support or if I can stop for a while just until I can get back on my feet?”
Sears, Roebuck and Company, once the leading retails of general merchandize, clothing and tools may not be long for this world according to a recent Fortune Magazine report.
In fact, give the years of declining sales, the company indicated there is “substantial doubt related to the Company’s ability to continue as a going concern.” In other words, the company has lost close to $10 billion in the last six years with their stock declining 9.3%.
Recently on our legal forum a user asked, “My son filed bankruptcy last year. Even though most of his debts were discharged he’s still struggling to pay his rent and buy groceries. He asked me for a $5,000 loan. I am wondering if it’s a good idea to loan money to him. I am afraid it could ruin our relationship, and I would forever be scrutinizing the way he spends his money. I am also afraid he would not pay me back. What are your thoughts?”
Recently on our legal forum a user asked, “I have recently suffered a devastating disability and divorce. I have struggled to pay my bills, but I currently have over $50,000 in unsecured credit card debt and $25,000 in medical bills. I am wondering if it makes sense to stop paying my bills or whether I should stop paying certain creditors because I am filing Chapter 7 bankruptcy in a few months?”
Recently on our legal forum a user asked, “I have gotten myself into a financial bind. It’s partly from overspending but mostly from a job loss and divorce. I am hounded day and night by rude and overly aggressive debt collectors. I know some of them are just doing their job, but I don’t have any money or I would have already paid them. What can I do to stop the phone calls?”
Recently on our legal forum a user asked, “I have recently filed Chapter 7 bankruptcy. I thought filing bankruptcy prevented creditors from collection activity including pending foreclosures, evictions, wage garnishments, and law suits. Soon after the bankruptcy filing, however, I got a notice that my mortgage lender filed for a Motion for Relief from the stay. I am wondering what this means and whether I will lose my home?”
Recently on our legal forum a user asked, “I lost my job six months ago. My wife lost her job last month. We purchased a home two years ago and can no longer make mortgage payments. I thought a short sale might be a great way to get rid of the home. The bank refused to consider a short sale and is now going to foreclose on the home. How can this be better for the bank?”