Archive for the ‘Personal Finance’ Category

Would anyone do Debt Consolidation in stead of Bankruptcy?

sneakysteph22 asked:


So, what’s better?? And what is the difference between the to?

debt consolidation

is the united states the only country that forgives debts through bankruptcy?

Ripcity-zen asked:


someone close to me is filing bankruptcy and i want to do all i can to help her feel better about it. i want to say at least in the u.s. there is a forgiveness type law, in other countries debts can’t be discharged. is this true? what other positives can i say to her to comfort?

bankruptcy

i have bad credit, how can i get a loan to pay off my debt?

Alicia asked:


an ex-friend of mines got her car repo that I helped her get. Because of that I can’t get any loans to help my self out of my own debt.
Any advice?

bad credit car loan

How easy is it to get a mortgage lender to agree to a short sale and waive the remaining debt?

dflog asked:


I have two homes with one mortgage on each (same lender). One home is now in negative equity and has a high interest rate on the mortgage. Even though the bank refinanced the home only two years ago as an 80/20 loan, they will not allow me to refinance now. I thought about renting until the market get’s better but I can not cover all of the costs.

mortgage refinance

What happens when a chapter 13 bankruptcy is dismissed for non payment?

TLT asked:


this ch. 13 bankruptcy was dismissed because the debter could not keep up with the month payments. what happens to the debtor now?

bankruptcy

how does debt consolidation work? can anyone recommend a good agency to work with?

huitzilin asked:


too many bills, nedd help, drowning

debt consolidation

Has anyone declared Chapter 7 bankruptcy and been happy with it?

Kay asked:


I have a friend who took care of his mother and his aunt and accumulated a lot of credit card debt for personal living expenses, while he paid the medical bills and now he cannot catch up on his bills. He is a very good hearted, honest person, but he is so far behind. He is working, (Thank God, because a lot of people are unemployed), but he is considering bankruptcy of all of his credit cards.
I have known people who declared bankruptcy and they were happy and felt free afterwards, and they are honest, hard working people. But I knew one person who went bankrupt and within 3 years, she was in over her head again with debt, because she never quit buying things and she never learned her lesson. As long as a person learns a lesson and doesn’t revert back to accumulating debt, maybe bankruptcy is a solution. Does this make sense?

Has anyone declared total chapter 7 bankruptcy and been happy with the results?

Thank you so much.

debt solutions

does filing bankruptcy release you from a small claims judgment?

dadunkadunk asked:


A customer of mine is filing Bankruptcy.The lawyer is taking his sweet ol’ time filing. If I bring him to small claims court, will the Bankruptcy (if ever) supersede the small clams judgment?

bankruptcy

should bankruptcy be the solution?

thunder217 asked:


here is a situation:

the person has no job since 3 months because he lost it and didnt find a new one yet. so he can’t afford to pay minimum payments on his credit cards, he had to use them to live in the last 3 months so they all have reached their limits.

he have around 10 000 $ of debts ( all credit cards)

should he use bankruptcy as his solution to get out of that mess?

debt solutions

Can anyone tell me what a bankruptcy hearing is like?

MissKathleen asked:


I filed for bankruptcy today, and will have a hearing within 20 days. I appreciate any details from your personal experience.

bankruptcy