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You could file bankruptcy, but do you have any assets that a creditor could come after? Your disability payments are exempt from garnishment. The filing fee for a chapter 7 bankruptcy is $209 and the attorney's fees will be $500 at a bare minimum. Bankruptcy is very difficult to do all by yourself.

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โˆ™ 2005-09-06 02:48:48
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Q: Can you declare bankruptcy you get 579 a month disability plus 62 food stamps you have 4000 credit card debt Cant pay the billss?
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Related Questions

Is it possible to just declare bankruptcy on credit cards?

You can declare bankruptcy due to credit card debts, yes.

Do you have to declare bankruptcy on all credit cards?

Yes. If you declare bankruptcy you must declare all cards, loans, assets and debts.

How do you get bankrupcy off credit report?

If you didn't actually declare bankruptcy, you can report the error to the credit bureaus. If you did declare bankruptcy, you'll have to wait for it to age off.

How can a person declare bankruptcy?

First thing you need to do if you want to declare bankruptcy is get credit counseling and see if this is what you should do. If you do decide to declare bankruptcy you need to file with the courts. Bankruptcy doesn't take away all debts such as child support.

How long after the first bankruptcy you can declare a second bankruptcy?

It takes seven to ten years after you initially declare bankruptcy for it to drop off your credit report, and you really should wait at least 1-2 years after that to declare again I hope that helped.

What questions are asked when a person files for bankruptcy?

How will this affect my credit score? How much does it cost? What can I declare in the bankruptcy? How long will it take?

Is a discharged debt for hardship or disability considered a bankruptcy?

No, discharged debt is considered a forgiveness of debt and not a bankruptcy. Bankruptcy can only happen as a result of bankruptcy court procedure. Certain loans can be discharged due to hardship or disability, especially if there is an insurance policy in force to cover such a situation. When a loan is forgiven due to hardship or disability, the debtor's credit rating is usually not affected.

How can you remove bankruptcy from your credit report?

If its a mistake- you can dispute it with the credit agencies. If you did in fact declare bk- that you ca do NOTHING about, but should drop from your credit report in 10 years.

How can you get rid of your credit card debt that you cant pay?

You either have to work out something with the credit companies or declare bankruptcy. The bankruptcy process will liquidate all of your goods and assets, with exceptions for minimal housing and vehicles, and allow you to start over. You will have to consult a bankruptcy attorney.

When you have a debt for overpayments by social security can you declare bankruptcy on the social security debt and still keep your credit card?

== == NO, you have to turn in any credit cards and include the credit card debts in the bankruptcy. You can't pick and choose what debts you are going to include.

Can you still rent if you declare bankruptcy?

Of course you can. If it is a large apartment complex or upscale home where a credit check is run, they may decline to rent to you just as if you had bad credit. Most of the time after bankruptcy that's the only way to get a residence.

If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?

The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.

How does bankruptcy affect your credit ratings?

Bankruptcy lowers your credit report.

Can one member of a family declare bankruptcy so the two will not be affected by the credit hold or is a married couple in the situation together?

You are in it together, I am afraid.

What should one do if they face credit card bankruptcy?

Once an individual has become bankrupt, the next step is to file Chapter 7, which means to declare bankruptcy. The process by which one can declare bankruptcy varies from state to state. However, there is generally some form of paperwork that needs to be filled out and filed. The paperwork should reveal how the individual should proceed from there.

Will your credit rating be affected by your partner filing bankruptcy?

If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.

Do you have to get credit counseling before you can file for bankruptcy?

You do not have to necessarily get credit counseling before you can file for bankruptcy.

How do you get bankruptcy off your credit report?

A bankruptcy will remain on a credit report for the required ten years, it cannot be removed arbitrarily.

Can you declare bankruptcy whilst on a debt management plan?

While not opening new credit is generally the best move for you while you are trying to get .Nobody wants to declare bankruptcy, and it is true debt management Once you have enrolled in a debt management plan, and if you let your debt debtredemption.

Will you be able to get homeowners and auto insurance if you declare bankruptcy?

Yes, you can still get insurance after bankruptcy. You may have to pay a higher premium though due to a poor credit score. You also may want to shop around for a better rate. There are still insurance companies in the United States that do not credit score.

What is the statute of limitation on credit card debt in Georgia?

The limitation is 4 to 6 years depending on the type of credit card debt. Many people declare bankruptcy when they could just wait for the debt to disappear.

How do you remove bankruptcy from your credit rating?

The only way to remove a bankruptcy from your credit report is to dispute it to the credit bureaus. The credit bureaus have 30 days under the Fair Credit Reporting Act, to verify your bankruptcy withe the court that filed it or it must be removed from your credit report.

What are the laws pertaining to a credit reporting agency still reporting after a bankruptcy discharge?

Debts included in the bankruptcy should be noted as such in the credit report. The bankruptcy will remain on the credit report for ten years.

What worse bankruptcy or debt relief?

If you have a pile of unpaid credit card bills and simply can't pay the total amount due. Then you have two options for dealing with the debt you've accumulated: liquidation or bankruptcy. When you declare bankruptcy, you're asking court to wipe your financial slate clean.

Can you remove a bankruptcy dismissal from your credit?

No. Backruptcy will always appear on your credit. After 7-10 years your credit will be as good as someone who has not filed bankruptcy.