I read that student loans can be discharged after 7 yrs if you file for bankruptcy. I had student loans 10 years ago, but then three years ago returned to school using srudent loans. Are my student loans from the fist time I obtained funding elgiable for discharge b/c it has been over 7 yrs or is nothing elgiable for discharge because I went back to school 3 yrs ago? Thank you.
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posted by Questions @ My friend is in dire financial straits, they owe many creditors (utilities, credit cards), back taxes on their home (town has threatened to take their home) and the line of credit which their home and vehcile is financed. He is unsure if he should go the route of bankruptcy or if there is another alternative. If he goes bankruptcy, does he lose his house, vehicles, etc?
Deep thought! Thanks for cotrniubting.
Where is the line that going bankrupt is inevitable and no other option is realistic?
My job is seasonal. I work hard for the 4 months in the summer and my income is much higher, then the rest of the year it is slow. I know in a bankruptcy my payments are tied to my income, so if my income is high for those 4 moths am I autlmatically in bankruptcy for 21 months? Or will you look at my income over the year to make this decision?
I am on a fixed pension as is my wife. We have 3 credit cards, a visa, a mastercard and a amex. These were used to try to start a small business that didn`t work. Now my health is becoming a problme. I can`t keep up with the payments.
We don`t want to file bankruptcy, but can`t handle the constant phone calls. No matter how many times we explain our situation the creditors don`t stop. Is there some other program for pensioners that will allow us to put an end to these calls?
What is the eve of bankruptcy. I think I need to file a bankruptcy, but I gave my son a vehicle about 9 months ago. Am I going to have a problem. Are they gong to say I knew I was going to file bankruptcy, which I didn`t, and was trying to hide an asset?
Do your creditors have the right to access personal info at the Motor vehicle registry to find out what a debtor owns? Or, do they get access to this information from a bankrupt persons trustee?
It seems like my creditors are getting information on me that I don`t want them to have and I don`t think they should be able to get. What can I do about this?
If I file for bankruptcy, how exactly is the equity in my home calculated? Is it purely market value – amount owing on the mortgage? Or are any fees such as legal, Realtor or mortgage termination fees deducted from this value?
my spouse and I went bankrupt 13 years ago. If we filed bankrupcy now, would it be concidered our second time going bankrupt? how long will we have to wait for a discharge from bankruptcy?
