Filing for Bankruptcy?

Let’s learn filing for Bankruptcy. The most accurate or helpful solution is served by bankruptcy-basics.org.

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What you need to know before you File Bankruptcy ...

All the basics of Filing Bankruptcy. Find out if you qualify to file bankruptcy and the best way to get started.

bankruptcy-basics.org

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Is filing Chapter 7 bankruptcy a good idea for me? How long does it take to get back on track after I do?

I am considering filing chapter 7 bankruptcy. I have 3 major credit cards, all of which have been charged off and added up have a balance of roughly 20k with interest and attorney fees. I also have some other random bills which have gone to collection...

Answer:

Oh man bad deal.. a friend of mine just claimed bankruptcy and things are pretty shitty for him right...

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chitownj... at Yahoo! Answers Mark as irrelevant Undo

How long will creditors be kept at bay during Bankruptcy filing?

I have family members that filed for Chapter 13 (personal) Bankruptcy 2 YEARS AGO due to delays on their part in getting all of the information to the lawyer in a timely manner as to request a court date. During this time the creditors have stopped calling...

Answer:

They will wait until the stay is lifted by the court. No way to be more specific.

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stnkyfer... at Yahoo! Answers Mark as irrelevant Undo

Filing for Chapter 7 bankruptcy in California!?

My mom is filing for Chapter 7 bankruptcy, but unfortunately owns the tear-town (house) next door. She was thinking of signing the house over to me and just giving it to me. Gee thanks, Mom. lol, this house is so broken down, I don't think it's even...

Answer:

I'm sorry that is chapter 11 not chapter 7 you are currently applying for gay Martel status.

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Xia at Yahoo! Answers Mark as irrelevant Undo

Is Lalit Modi's bankruptcy filing a fraud?

Just few days before Modi lost libel case to Chris Cairns, he declared himself legally bankrupt. He tried to use a legal protection against money going from him. The timing shows Modi knew from inside he will lose the case. in US, if someone declares...

Answer:

Yes... I think he is trying to escape by doing this.

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math at Yahoo! Answers Mark as irrelevant Undo

Co-signed my son's car loan; was reaffirmed under my bankruptcy; now he's filing; does he need to reaffirm?

I was the co-signer on my sons car in 2007, payments have ALWAYS been on time. Due to family issues, I filed bankruptcy and included this car and reaffirmed and the bankruptcy has been discharged now for over a year and payments continue to ALWAYS be...

Answer:

This is a question for your BK attorney, but I would think he needs to reaffirm if he wants to keep...

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Lisa at Yahoo! Answers Mark as irrelevant Undo

In California, once a bankruptcy attorney is retained, how long can they wait before actually filing the bankruptcy? I am a creditor.

In California, once a bankruptcy attorney is retained, how long can they wait before actually filing the bankruptcy?  I am a creditor.

Answer:

Typically once an attorney is retained, they can file for their client immediately. Source: Bankruptcy...

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Alex S at Aol Answers Mark as irrelevant Undo

Just Not Pay Credit Cards Over Filing Bankruptcy... Does That Actually Work?

I just read an article on Yahoo where a guy had $12,000 in credit card debt, and just quit paying them. Eventually, after seven years the credit card company wrote it off. Does this really happen? I'm on the virge of having to file for bankruptcy myself...

Answer:

The trouble with not paying your cards vs. bankruptcy is that the credit card companies retain legal...

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golfdodg... at Yahoo! Answers Mark as irrelevant Undo

Filed bankruptcy six months before filing for divorce, can judge order payment of discharged debts?

I filed bankruptcy in September 2009, all debts were discharged, divorce filed in May 2010. My ex-wife took the car that was included in the bankruptcy when she left the state prior to the filing of divorce. The car debt was solely in my name, and I...

Answer:

Yes, whoever is paying the person responsible for the estate(trustee) has to keep making those payments...

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Brian at Yahoo! Answers Mark as irrelevant Undo

I am on the Verge of filing for bankruptcy, but my mentor is against it. My credit is MESSED up! What do I do?

I am between filing for a bankruptcy and simply hoping to fix my credit. I have had two judgements against me that I could have contested, but I was out of country then, and have another one coming up (credit card debt). Does it make sense to have to...

Answer:

Hi Diva D,....I'm at work and see that I've just got 1 hr. before this closes and I'm going home, so...

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Diva D at Yahoo! Answers Mark as irrelevant Undo

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