Quick Answers to Bankruptcy Questions & Understand How Bankruptcy Laws Affect You

Archive for August, 2009

Attn Active or Ret. Detectives/Investigators?

Tuesday, August 18th, 2009
bankruptcy law

I have a few questions if you dont mind me asking. I have been in pursuit of a law enforcement career for a few years now and have many certs and educational resources. I am concerned about the background investigation. I know that a few departments are now looking at your credit report as part of the background. I was wondering what exactly they are looking for and what would be held against the applicant. the next retorical question is that i was wondering how a judgement would affect the hiring process from the credit report. i dont have it yet, but it may be going that way. i have a few bills i’m trying to pay off and limited income with 2 kids. i have most of the bills that i had paid off but a few left and was considering bankruptcy what is your thoughts the total amount of debt is approx 35k. not that it makes a difference but i’m 25yo please write back with your input about what to do about paying these debts off besides the obvious.

Filing bankruptcy before I may be recieving a settlement due to an injury in a car accident?

Tuesday, August 18th, 2009
bankruptcy law

What will happen if I file for bankruptcy ….before I may be receiving a settlement in the future? I am in the middle of a law suite due to a man hitting me and totalling my vehilce..causing me permanent injury…I can no longer pay my bills…and cannot hold out long enough until I might receive a settlement….If I file bankruptcy now..will that affect my settlement? And can anything be taken from my settlement with reguards to my bankruptcy?

Bankruptcy?

Tuesday, August 18th, 2009
bankruptcy law

My question is, how hard is it to bankrupt in Michigan? I am so financially screwed, is it still possible under the new laws to effectively bankrupt??

MY FINANCES are a complete disaster: besides suicide what can I really do?

Monday, August 17th, 2009
bankruptcy law

I feel totally hopeless here and hoping that I do not get ridiculed by telling my story.

I have student loans (law school and undergrad) totalling $180,000.

I live in California and it took me 4 times to pass the bar. I had a lot of trouble w/ living expenses (no one would hire me b/c overqualified blah blah blah). So, lived off of credit cards. Credit card debt is $20,000.

Car $19,500.00, so monthly payment is $400 or so. I would trade it in but I am upside down big time in negative equity.

I make $70,000.00 but after rent and all my expenses, I seriously have $200 left over (and that is for food and gas).

How in God’s name can I ever get out of this hole??? I sure cannot claim bankruptcy with the new code.

I haven’t had a good night sleep in about 2 years.

When I graduated from law school, I thought I would get a decent paying legal job and that didn’t happen.

I have friends who make way less and live way better than I do. This is really depressing.
I don’t even own a home nor can I save any money. help!!!!
I make too much to claim bankruptcy. I already did a consult. Also, you cannot bankrupt student loans at all.
I have no one to live with. Nobody can take me in.
This may also seem strange but I feel like I cannot date either because if a man realizes how bad my finances are, he will ditch me.

I feel like I have ruined my life at 36.
Last year I joined a “debt management plan” because my credit cards were all at 20% or higher. I defaulted on one credit card by going over my credit limit once and they ALL went up over 20% interest rate.

There is a service fee of $40 for the debt mgmt plan, but my highest interest rate is 10%. Most of my credit cards dropped to 9% or below.

I am still very stressed out though.

need someone in law or knows a lot about it?

Monday, August 17th, 2009
bankruptcy law

ok, about 10 years ago my brother was in a accident involving a car and a motorbike. he was pulling out of a parking lot in a car and a guy hit him. he was at fault and my brother was under 18. so the guy that hit my brother sewed my parents for 650,000 dollars. it went to court and my parents ended up having to take out bankruptcy . Know just the other day the same guy is sewing by brother again. my brothers motor bike just got impounded because of it. can this guy do this? what should my brother do?

what type of lawyer do I need./?

Monday, August 17th, 2009
bankruptcy law

I have filed bankrupcty in 2005 and the credit reporting bureaus still have judgments on my report that according to the FTC and bankruptcy laws should have been removed along with other items that have still been showing up causing me to be unable to get an apartment etc. What kind of lawyer do I get to handle this case. The damages that I have incurred are just unbelievable. due to this remaining on my report for 3 years after bankruptcy. I need to find out what kind of lawyer I need so I can get this taken care of.
Yes I have requested they be removed and no they do not remain 7 years if they are in the bankrupcty. this is not the question I asked I asked what type of lawyer ???

bankruptcy?

Monday, August 17th, 2009
bankruptcy law

I know under thenew laws that you have to provide your last tax return but if you recieved a big return does that work against you?I have 4 kids with 1 on the way and am probably going to file real soon.

Are these the kind of People the Clinton’s roll with? and will more mainstream media cover this?

Sunday, August 16th, 2009
bankruptcy law

I have seen Liberals on here for days hammering Republicans about Craig, and as a republican, I want craig to be punished to the fullest extent of the law. But poor conduct goes both ways, now spin this one liberals. By the way Foxnews.com is covering the story haven’t seen it on cnn.com yet,

Democratic fundraiser is a fugitive in plain sight
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California authorities have sought businessman Norman Hsu for 15 years. Since 2004, he has carved out a place of honor raising cash for such candidates as Hillary Rodham Clinton.
By Chuck Neubauer and Robin Fields, Los Angeles Times Staff Writers
August 29, 2007
WASHINGTON — For the last 15 years, California authorities have been trying to figure out what happened to a businessman named Norman Hsu, who pleaded no contest to grand theft, agreed to serve up to three years in prison and then seemed to vanish.

“He is a fugitive,” Ronald Smetana, who handled the case for the state attorney general, said in an interview. “Do you know where he is?”

Hsu, it seems, has been hiding in plain sight, at least for the last three years.

Since 2004, one Norman Hsu has been carving out a prominent place of honor among Democratic fundraisers. He has funneled hundreds of thousands of dollars in campaign contributions into party coffers, much of it earmarked for presidential hopeful Sen. Hillary Rodham Clinton of New York.

In addition to making his own contributions, Hsu has honed the practice of assembling packets of checks from contributors who bear little resemblance to the usual Democratic deep pockets: A self-described apparel executive with a variety of business interests, Hsu has focused on delivering hefty contributions from citizens who live modest lives and are neophytes in the world of campaign giving.

On Tuesday, E. Lawrence Barcella Jr. — a Washington lawyer who represents the Democratic fundraiser — confirmed that Hsu was the same man who was involved in the California case. Barcella said his client did not remember pleading to a criminal charge and facing the prospect of jail time. Hsu remembers the episode as part of a settlement with creditors when he also went through bankruptcy, Barcella said.

The bulk of the campaign dollars raised by major parties comes from the same sources: business groups, labor unions and other well-heeled interests with a long-term need to win friends in the political arena.

But the appetite for cash has grown so great that politicians are constantly pressured to find new sources of contributions. Hsu’s case illustrates the sometimes-bizarre results of that tendency to push the envelope, often in ways the candidates know nothing about.

As a Democratic rainmaker, Hsu — who graduated from UC Berkeley and the Wharton School of Business — is credited with donating nearly $500,000 to national and local party candidates and their political committees in the last three years. He earned a place in the Clinton campaign’s “HillRaiser” group by pledging to raise more than $100,000 for her presidential bid.

Records show that Hsu helped raise an additional $500,000 from other sources for Clinton and other Democrats.

“Norman Hsu is a longtime and generous supporter of the Democratic Party and its candidates, including Sen. Clinton,” Howard Wolfson, a spokesman for the campaign, said Tuesday.

“During Mr. Hsu’s many years of active participation in the political process, there has been no question about his integrity or his commitment to playing by the rules, and we have absolutely no reason to call his contributions into question or to return them.”

Wolfson did not immediately respond Tuesday night to questions about Hsu’s legal problems.

Though he is a fugitive, Hsu has hardly kept a low profile. The website camerarts.com, which sells photographs taken at political events, features shots of Hsu at several fundraisers he hosted at Manhattan’s elegant St. Regis hotel — including a June 2005 luncheon for Rep. Doris Matsui (D-Sacramento).

Hsu lives in New York City. Efforts to contact him were unsuccessful. Barcella said Hsu chose to respond through his lawyer.

Records show that Hsu has emerged as one of the Democrats’ most successful “bundlers,” rounding up groups of contributors and packaging their checks together before delivering the funds to campaign officials. Individuals can give a total of $4,600 to a single candidate during an election cycle, $2,300 for the primaries and $2,300 for the general election.

One example of the kind of first-time donors Hsu has worked with is the Paw family of Daly City, Calif., which is headed by William Paw, a mail carrier, and his wife, Alice, who is listed as a homemaker.

The Paws — seven adults, most of whom live together in a small house near San Francisco International Airport — apparently had never donated to national candidates until 2004. Over a three-year period, they gave $213,000, including $55,000 to Clinton and $14,000 to candidates for state-level offices in New York.

The family includes a son, Winkle Paw, who Barcella said was in business with Hsu. Another son works for a Bay Area school board, while one daughter works for a hospital and another for a computer company.

“They have the financial wherewithal to make their own donations,” Barcella said. “It didn’t come from Norman.”
edit/// mymadsky, you just made my point, for every Craig there is a Barney Frank, For every Fund raising scandal there will be one from the other side, can we get back to discussing the real issues on here!!!

What ever happened to law, order, reason and common sense?

Saturday, August 15th, 2009
bankruptcy law

IMMIGRATION IN THE 20TH AND 21ST CENTURY – THE CURSE OF CIVILIZED NATIONS AND DECENT PEOPLES.

Immigration to America in the 17th to 19th century was by decent, hardworking, well intentioned people, heading to America with honorable intentions to build and contribute to society. They created a workable social system with benefits to the deserving and a society of well-intentioned and decent people. But no such people come any more.

Now they come in droves, packing the major cities, causing an increase in crime, congestion, and taxes as real estate rents soar, parking is unavailable or exorbitantly high. Americans who took their entire lives to pay off their home mortgages, now find that the taxes on their homes are so high, they cant afford to live in them any more and the congestion so bad, they cant even find a place to park in front of their own homes. Many have to pack up and move out of the city, just to make ends meet, and then face the arduous daily hours of driving back and forth just to get to work and back home. That is, those that still have jobs, since as this goes on, jobs disappear, either right here where we get laid off, or the whole company moves out to a cheap labor country. And as the hordes make demands for energy needs, power needed to heat and light homes and buildings is insufficient, and cities black out, the demand for gas soars, heating prices skyrocket, and our own supply of gas becomes insufficient to meet our own needs, and we become victims of the arabs, who use the pumps to revenge our policies they don’t like. Even the price of food is soaring to feed these unwelcome parasites.

They pile over the borders or by plane on visitor visas, preying on the good naturedness of Americans to provide a refuge for the oppressed, they connive the appearance of the downtrodden and persecuted, and then sit down comfortably and stay here, leeching off the health care system which faces bankruptcy in 20 years, the welfare system that us sucker u.s. taxpayers have to pick up the tab for, and which we spent decades to build.

Social parasites from latin america, flock here to live free on us sucker taxpayers, dragging their families and relatives in, once they get green cards and then swamping the health care system with their third world illnesses and birth defects. And the other breed of latinos – criminals of the most evil intensities terrorizing communities in which they rob and kill.

Thieves and common criminals from the countries of eastern Europe and the soviet union, hearing that there is still stuff on store shelves when stores close, that hasn’t been shoplifted or sold, come and steal, with impunity.

Mafia organizations that control Russia and the countries of the former soviet union, setting up foreign crime systems that specialize in grand larceny, weaponry, even nuclear arms materials for sale, stolen from the old soviet system, available for sale to our enemies, raking them million$.

Africans with strange ,deadly diseases walk in, causing epidemics and death to our gay citizens and to innocent people in general and swamping the health care system.

Asians with alien religious philosophies, contrary to Christian monotheism, poisoning the minds of our youth. And they come and take our jobs away here in America, while employers, enticed by cheap labor, move their companies there, leaving us unemployed,.

Terrorists walk in and go about their death tactics with ease and we shudder at what they will do to us next.

All, contributing to crime, violence, social unrest.

Finally, To add insult to these injuries to our nation, our government picks up the tab for hundreds of thousands of third world “students” to come, pack our universities tuition free at the expense of us US taxpayers ,while we Americans fall into debt to pay for our own children to get a college education.

AND WE ARE EXPECTED TO PICK UP THE TAB WORLDWIDE
FOR THEM, WHENEVER S–T HAPPENS ANYWHERE.

What kind of fools are running this country?
What kind of fools are we to let this go on?

And WHATEVER HAPPENED TO LAW AND ORDER?

what does it mean when a creditor has a judgement on me? I was just laid off and they are threatening?

Saturday, August 15th, 2009
bankruptcy law

to have me arrested. Can they do this? I’m contemplating bankruptcy and I know the laws for bankruptcy in Texas and I can keep my car and what little I do own and they can’t touch my child support. The SOL (statute of limit) is up next year. Can I just wait it out?