car while I am paying 11% with a co-signer and could only borrow enough for a used car. My credit score was 659 at the time and I had no late payments on my credit report. I am curious if anyone has comments on exactly how bankruptcy hurts your credit when I had good credit and received a worse deal. Also my ex filed bankruptcy 5 years ago and bought a house ($140,000) 2 years ago. My sister filed and bought a new car in less than a year, as well. What exactly is filing for bankruptcy going to keep me from accomplishing or obtaining? I appreciate any honest answers as I am seriously considering filing soon. Also, I know the laws have changed, but I believe the law now only requires I try debt consolidation first before allowing the bankruptcy. I also only make around $35,000 which I believe the new laws only hurt those making higher incomes. Not 100% sure about the new laws, but this is what I have found so far.

Will the disbursment be permitted to prevent bankruptcy? I am being told by the firm that manages the accounts for my organization, IRS laws do not permit disbursments to pay off credit card debt.

If you reside in one state, leave the country for 6 months and when you come back you are in a different state. In what state do you file for Bankruptcy (Chapter 7 or 13) according to the new laws.?

The purpose of the bill was to keep people from walking out on their bills, because the credit card companies were getting hurt. Was there anything in the bill that helped the consumers, such as a structured reduction in interest rates over time since the credit card companies wouldn’t be hurting as much. Or other things that help people who have lost their jobs?

This is a follow up to question last week. I asked about quit claim on house with both wife’s and brother-in-law’s name on deed, although estate actually owns the property since mortgage taken out Sep 2003. House worth $75K, mortgage is $80K, thus no equity worth saving. As posted before, wife took on role of executrix to protect estate but mostly to keep brother-in-law off street, since he has no credit and spotty income. She would grant quit claim deed to him and he would declare bankruptcy (2nd time, 1st time a few years ago) and we’d be off the hook for the mortgage payments. As mentioned in 2nd response, we have considered renting but the property would require a lot of work to meet any potential tenant’s standards and we can’t maintain property from 45 miles away. Just curious if: 1) this will work and 2) does brother-in-law have to sign quit claim as well? Not confident that he will sign since there’s nothin’ like a free ride…..

i owe money to a law firm because i decided to drop a case against a former employee can i put this under my lawyer bill under my bankcruptsy?

My Sister in law had an affair for over 2 years ( I strongly don’t approve)
and her husband found out.

He got evidence that proved the affair existed without question, so he contacted the D.A. and filed ASSAULT CHARGES against her for depraved indifference.

She got arrested, and now faces up to 3 years in prison for her actions.
A plea bargain 6 months but felony record and she will lose her job, in her field of education and reduced to a wage jobs.
Worst she will lose her child because of the Felony statues.

Can the D.A. do this, and could this be a ploy to pay back his wife?

If this happen I’m told he could take her to civil court and win everything from the marriage, and send her to bankruptcy is that possible too?

She’s “WHITE TRASH” but I feel for her situation why?

IS this right, I see both sides and think maybe, and then maybe not
I’m sorry but “I can’t” confurm that she gave him and std.

I had to file bankruptcy a couple years earlier due to medical bills that were related to this incident. Now I am worried that my settlement will be seized if I report it as earned income by the court. Is there any legal way for me to keep this money with or without having to report it as income? Are there any consequences for not reporting it as earned income? Is it true that the income isn’t really earned unless you cash it yourself in your name only? What should I do?

I have been in a Chapter 13 repayment plan for the last year. Due to my adjustable rate mortgage, my payment has gone up. At the beginning of the plan I did not sign a reaffirmafication on my mortgage, but I have continually paid my mortgage payment on top of my Chapter 13 repayment plan and now with my mortgage payment going up, I can not afford to pay the mortgage. I think it would be best for me to let the house get foreclosed on, but I want to continue making the Chapter 13 payment.

Question 1: If the house sells for less than what is owed, am I still responsible for the deficiency?

Question 2: Will I still be able to make my Chapter 13 repayment plan at the same amount that I’m paying now?

Question 3: Will I still get my full tax return refund?

Question 4: Does anyone know if Massachusetts has a foreclosure dificiency law while I’m in a Chapter 13.

Any advice would be helpful!

Thank you.

My mother in law doens’t like me very much because her son and I moved across the country (mostly because of hubby’s job, but also because I couldn’t stand the lack of scenery or the climate in Colorado) Anyhow she always makes underhanded comments insinuating that we’re really poor and need their help (even though they just filed for bankruptcy, my father in law is unemployed, and we’re pretty successful for being 23) Another thing she does is asks me to make something and then when I do if anyone comes in the house or is in the room, “OH MY GOD LOOK GUYS LAURA MADE A ___!” Like it’s a god damned miracle that I made something, I cook and bake all the time. I can’t stand her and now that we’re trying to have a baby I can’t even smoke. The woman is so underhanded that I don’t even know HOW to stick up for myself.
(fyi, maybe I was hard to understand but she didn’t mind that I did smoke, It was my decision to quit several months ago)
Yay for your son! My hubby and I met in corpsman school! hoorah!
P.S.~ last year when we visitied for Thanksgiving she said I ruined it because we had to go back to CT! heheeh… also she swatted me on the head with a flyswatter which sickens me to this day, and I slipped and screamed “biiiiiiiiiiiitch!” ROFL