Archive for August, 2009

What option do I have?

I seperated from my husband, I have credit cards that were a joint effort. I pay the minimum payment due each month on them, but I am paying interest only. I ask my bank about a consolidation loan, they said i am better off doing what i am doing then paying a loan. Its [...]

Posted on Wednesday, August 19, 2009 | Filed under: Bankruptcy
 posted by Questions @ 1:50 pm 1 Comment
Bankruptcy Protection

I have signed a personal guarantee on a loan from a bank. With the economy downturn I may not have the funds to make repayments. Can I transfer/gift assets to my children now in the event I have to declare bankruptcy in the next 12 months?

Posted on Friday, August 7, 2009 | Filed under: Bankruptcy
 posted by Questions @ 10:58 pm 1 Comment
insurance money from accident

I filed a bankruptcy and did not declare money I got from an insurance claim from my accident Does this money have to be declared My bankruptcy was 21000 I got 52000 Will I get in trouble

Posted on Thursday, August 6, 2009 | Filed under: Bankruptcy
 posted by Questions @ 1:03 pm 1 Comment
What options do I have?

Here is my situation:
- I am a single mother,
- I work part time
- I make about $1400 per month
- I attend university full time
- I have 2 years left
- I owe about 53,000.00 in credit cards and lines of credit
Is bankruptcy my best option. I really don`t want to file for bankruptcy, but what [...]

Posted on Tuesday, August 4, 2009 | Filed under: Bankruptcy
 posted by Questions @ 10:08 pm 1 Comment
credit card debt to high on fixed income

Hello,
I am in my late 60`s, am married and between me and my husband have approx. $55k in credit cards. We rent, lease a vehicle and don`t have much property. I feel kind of foolish, but until just recently I thought we could afford to get out of this by making regular payments [...]

Posted on Tuesday, August 4, 2009 | Filed under: Bankruptcy
 posted by Questions @ 10:05 pm 1 Comment