Comments for Help With Bankruptcy http://bankruptcystressrelief.com/help-with-bankruptcy Facts, Tips, Links For Those Facing Bankruptcy Sun, 05 Feb 2012 17:55:38 +0000 http://wordpress.org/?v=2.7.1 hourly 1 Comment on Is there a reasonable alternative to bankruptcy? by JustDoIt http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2/comment-page-1#comment-950 JustDoIt Wed, 23 Feb 2011 17:11:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2#comment-950 I think the first thing that can help you is some source of an alternative second income, where they don't necessarily check your credit (small part-time job in super markets, restaurants, or even something small which you can do online for pennies that could add up to dollars; or maybe you can sell some of your possessions that you don't foresee an immediate need, over ebay or something, resulting in extra money, plus hopefully less storage expenses). Second, see if you can get a second opinion on your debt management plan. Some of them negotiate with your creditors to lower interest rates or waive your fees, resulting in lesser balance. Here is a list of Govt approved counselors by State: http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htm Fees are nominal, and some of them waive them if you explain your situation. Third - Theoretically, bankruptcy stays on your credit for 10 years, but practically speaking, many folks who maintain good credit rating during this time, will start seeing decent results in 3-4 years time. So it is typically not as bad after the first few years. On the flip side, bankruptcy may or may not get all your debts forgiven (think it depends on court ruling) - you can talk to an attorney to get the exact details for your state, before making the final call. Lastly, one alternative to bankruptcy that some people consider is debt settlement - which involves negotiating your credit card debt to a percentage of the original value. You can try this yourself, of consult a reputed settlement firm to do this for you (based on new laws, they are not allowed to take fees until the settlement is successful) - but keep in mind that even this stays on your credit report for 7 years. You can find more info on the process here: http://www.credit-card-debt-relief-info.org/negotiating-credit-card-debt.html Hope this info helps putting some of the stuff in perspective. Good Wishes.<br><b>References : </b><br> I think the first thing that can help you is some source of an alternative second income, where they don’t necessarily check your credit (small part-time job in super markets, restaurants, or even something small which you can do online for pennies that could add up to dollars; or maybe you can sell some of your possessions that you don’t foresee an immediate need, over ebay or something, resulting in extra money, plus hopefully less storage expenses).

Second, see if you can get a second opinion on your debt management plan. Some of them negotiate with your creditors to lower interest rates or waive your fees, resulting in lesser balance. Here is a list of Govt approved counselors by State:

http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htm

Fees are nominal, and some of them waive them if you explain your situation.

Third - Theoretically, bankruptcy stays on your credit for 10 years, but practically speaking, many folks who maintain good credit rating during this time, will start seeing decent results in 3-4 years time. So it is typically not as bad after the first few years. On the flip side, bankruptcy may or may not get all your debts forgiven (think it depends on court ruling) - you can talk to an attorney to get the exact details for your state, before making the final call.

Lastly, one alternative to bankruptcy that some people consider is debt settlement - which involves negotiating your credit card debt to a percentage of the original value. You can try this yourself, of consult a reputed settlement firm to do this for you (based on new laws, they are not allowed to take fees until the settlement is successful) - but keep in mind that even this stays on your credit report for 7 years. You can find more info on the process here:

http://www.credit-card-debt-relief-info.org/negotiating-credit-card-debt.html

Hope this info helps putting some of the stuff in perspective. Good Wishes.
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]]> Comment on Is there a reasonable alternative to bankruptcy? by StephenWeinstein http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2/comment-page-1#comment-949 StephenWeinstein Wed, 23 Feb 2011 17:01:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2#comment-949 1. Not everyone checks credit. Your credit does not render you unhireable at any of the places that do not check credit. 3. Sell the car for what it is worth. Someone will pay that. Do not try to sell it for what you owe.<br><b>References : </b><br> 1. Not everyone checks credit. Your credit does not render you unhireable at any of the places that do not check credit.

3. Sell the car for what it is worth. Someone will pay that. Do not try to sell it for what you owe.
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]]> Comment on Is there a reasonable alternative to bankruptcy? by Choices http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2/comment-page-1#comment-948 Choices Wed, 23 Feb 2011 16:44:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2#comment-948 Actually filing for bankruptcy is not as bad as you think. While it will take up to 7 years for your credit to repair. It isn't so great now because you still can't pay the bills. As for your mom. Why would she be shamed. No one would know you filed unless you or she told them. The job - keep looking not all well paying jobs perform a credit check. I was unable to get a job as an airport screener but was able to get a well paying government job. (funny) Living with mom - Moving will not be as big an issue as you think. The car - filing for bankruptcy you can opt not to keep the car and they have no choice but to take it or give it to you for free. Sounds like they have bullied you into keeping a vehicle you did not want. However you may have trouble getting another car. Not impossible but you will not get the greatest deal interest wise. But you can get something more affordable. Suing - Yes eventually they will sue you and most likely win. They are then able to garnish up to 1/3 of your paycheck. Which will make your situation worse. Storage Bill - Have a sale and sell off most of your stuff. Keep your bed, dishes and some personal items. Everything else can be replaced once you get back on your feet. Medicine - If you have a free clinic in your area. The health care is great and the medication they prescribe is free. Long story short. It may benefit you to file. Consult an attorney<br><b>References : </b><br>Best thing I ever did Actually filing for bankruptcy is not as bad as you think. While it will take up to 7 years for your credit to repair. It isn’t so great now because you still can’t pay the bills. As for your mom. Why would she be shamed. No one would know you filed unless you or she told them.

The job - keep looking not all well paying jobs perform a credit check. I was unable to get a job as an airport screener but was able to get a well paying government job. (funny)

Living with mom - Moving will not be as big an issue as you think.

The car - filing for bankruptcy you can opt not to keep the car and they have no choice but to take it or give it to you for free. Sounds like they have bullied you into keeping a vehicle you did not want. However you may have trouble getting another car. Not impossible but you will not get the greatest deal interest wise. But you can get something more affordable.

Suing - Yes eventually they will sue you and most likely win. They are then able to garnish up to 1/3 of your paycheck. Which will make your situation worse.

Storage Bill - Have a sale and sell off most of your stuff. Keep your bed, dishes and some personal items. Everything else can be replaced once you get back on your feet.

Medicine - If you have a free clinic in your area. The health care is great and the medication they prescribe is free.

Long story short. It may benefit you to file. Consult an attorney
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Best thing I ever did

]]> Comment on Is there a reasonable alternative to bankruptcy? by CatDad http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2/comment-page-1#comment-947 CatDad Wed, 23 Feb 2011 16:04:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2#comment-947 - Without knowing your debt level hit's hard to give advise about whether or not you should file for Chapter 7 - You are exaggerating the consequences of filing for Chapter 7...while it will stay for 10 years on your credit report...that does not mean that your credit rating will be destroyed for 10 years. You can have good credit again in as little as 3 years from a BK filing. Filing for Chapter 7 will not forever affect your ability to rent and apt. You may qualify right after the filing if you have an adequate income. There will be no stigma on you or your mother if you file. - Other than non profit credit card counseling, there really are not a lot of options for overwhelming debts that you are unable to pay. - I strongly disagree with the advise that Dave Ramsey gives regarding filing for bankruptcy. He virtually puts it on the same level as developing terminal cancer. While it should be avoided it at all possible, there are times that it is necessary. If your debt level is large and overwhelming..and making extra money isn't going to happen, then Chapter 7 should be a real possibility. Don't let anyone smear you if you have to do this. Corporate America uses bankruptcy all the time and no one slams them...why is it always the little guy that gets the stigma? Do what's best for you and your family. Once you file for Chapter 7, you can't file again for 8 more years...<br><b>References : </b><br> - Without knowing your debt level hit’s hard to give advise about whether or not you should file for Chapter 7
- You are exaggerating the consequences of filing for Chapter 7…while it will stay for 10 years on your credit report…that does not mean that your credit rating will be destroyed for 10 years. You can have good credit again in as little as 3 years from a BK filing. Filing for Chapter 7 will not forever affect your ability to rent and apt. You may qualify right after the filing if you have an adequate income. There will be no stigma on you or your mother if you file.
- Other than non profit credit card counseling, there really are not a lot of options for overwhelming debts that you are unable to pay.
- I strongly disagree with the advise that Dave Ramsey gives regarding filing for bankruptcy. He virtually puts it on the same level as developing terminal cancer. While it should be avoided it at all possible, there are times that it is necessary. If your debt level is large and overwhelming..and making extra money isn’t going to happen, then Chapter 7 should be a real possibility. Don’t let anyone smear you if you have to do this. Corporate America uses bankruptcy all the time and no one slams them…why is it always the little guy that gets the stigma? Do what’s best for you and your family. Once you file for Chapter 7, you can’t file again for 8 more years…
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]]> Comment on Is there a reasonable alternative to bankruptcy? by My Take on It http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2/comment-page-1#comment-946 My Take on It Wed, 23 Feb 2011 15:47:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2#comment-946 Obviously, you appear to be educated. I personally do not understand how it would be your mothers cross to bear if you went bankrupt. Is she going to take out an ad in the church newsletter or local paper stating you went bankrupt? You have to do what you have to to get your life back on track. If she ever wants you to unburden her, you may have to seriously consider bankruptcy. It isn't your fault that you lost your job (a ton of people have!) or have medical issues that cost you $200 a month. At least you are temping and bringing in some sort of income. The only alternative to bankruptcy would be getting a 2nd job to supplement the 1st one. You are a smart woman, so you know this already.<br><b>References : </b><br> Obviously, you appear to be educated. I personally do not understand how it would be your mothers cross to bear if you went bankrupt. Is she going to take out an ad in the church newsletter or local paper stating you went bankrupt? You have to do what you have to to get your life back on track. If she ever wants you to unburden her, you may have to seriously consider bankruptcy. It isn’t your fault that you lost your job (a ton of people have!) or have medical issues that cost you $200 a month. At least you are temping and bringing in some sort of income.

The only alternative to bankruptcy would be getting a 2nd job to supplement the 1st one. You are a smart woman, so you know this already.
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]]> Comment on Is there a reasonable alternative to bankruptcy? by Mary http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2/comment-page-1#comment-945 Mary Wed, 23 Feb 2011 15:19:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-a-reasonable-alternative-to-bankruptcy-2#comment-945 You need to get more hours at work, or take a second job to make more money. It might not be want you want (waitressing, etc.) but you need more money coming in.<br><b>References : </b><br> You need to get more hours at work, or take a second job to make more money.

It might not be want you want (waitressing, etc.) but you need more money coming in.
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]]> Comment on Is there any options for Financial Relief, short of Bankruptcy? by Cherry Joe http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-any-options-for-financial-relief-short-of-bankruptcy/comment-page-1#comment-916 Cherry Joe Fri, 28 Jan 2011 18:12:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-any-options-for-financial-relief-short-of-bankruptcy#comment-916 There are some articles on how How to Get Out of Debt , How to Stop Debt Collector, Free Credit Card Debt, if you are interest to get further information, you can take a look at http://debt-solution-reduction-relief.blogspot.com<br><b>References : </b><br> There are some articles on how How to Get Out of Debt , How to Stop Debt Collector, Free Credit Card Debt, if you are interest to get further information, you can take a look at http://debt-solution-reduction-relief.blogspot.com
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]]> Comment on Is there any options for Financial Relief, short of Bankruptcy? by alandra555 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-any-options-for-financial-relief-short-of-bankruptcy/comment-page-1#comment-915 alandra555 Fri, 28 Jan 2011 18:07:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-any-options-for-financial-relief-short-of-bankruptcy#comment-915 Your debt management should have been the best program short of bankruptcy.<br><b>References : </b><br> Your debt management should have been the best program short of bankruptcy.
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]]> Comment on Is there any options for Financial Relief, short of Bankruptcy? by Robert G http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-any-options-for-financial-relief-short-of-bankruptcy/comment-page-1#comment-914 Robert G Fri, 28 Jan 2011 17:29:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/is-there-any-options-for-financial-relief-short-of-bankruptcy#comment-914 Every creditor you have will be willing to negotiate with you rather than have you file a BK. Contact them individually, and negotiate special payment terms, and reduced or zero interest rate. Tell them your story, back it up with documentation of your situation. You have nothing to lose by trying, they have everything to lose by refusing. Go to free legal aid for assistance if you need more advice.<br><b>References : </b><br> Every creditor you have will be willing to negotiate with you rather than have you file a BK. Contact them individually, and negotiate special payment terms, and reduced or zero interest rate. Tell them your story, back it up with documentation of your situation.

You have nothing to lose by trying, they have everything to lose by refusing.

Go to free legal aid for assistance if you need more advice.
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]]> Comment on Can legal aid help with bankruptcy? by evilattorney http://bankruptcystressrelief.com/help-with-bankruptcy/can-legal-aid-help-with-bankruptcy/comment-page-1#comment-911 evilattorney Wed, 26 Jan 2011 05:39:59 +0000 http://bankruptcystressrelief.com/help-with-bankruptcy/can-legal-aid-help-with-bankruptcy#comment-911 Understand something. Legal aid in the US is virtually non-existant. They have practically no funding. They choose the cased they take very, very carefully and they tend to take cases that are heartbreakers where someone is getting screwed over for lack of a lawyer. It is highly doubtful that they would even consider a personal bankruptcy case.<br><b>References : </b><br>20+ years practicing law Understand something. Legal aid in the US is virtually non-existant. They have practically no funding. They choose the cased they take very, very carefully and they tend to take cases that are heartbreakers where someone is getting screwed over for lack of a lawyer. It is highly doubtful that they would even consider a personal bankruptcy case.
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20+ years practicing law

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