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One way is debt consolidation programs, where you combine all of your debt into one monthly payment, often with lower interest rates. Another is debt settlement, where you work with creditors to agree on a reasonable amount that you can pay.
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∙ 12y ago
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What are some last resort steps to fight forbearance?
Paying your bills would help a person avoid forbearance. Forbearance would be better than avoiding creditors and eventually having to file for bankruptcy.
If some one is suing you can you still file bankruptcy?
Yes
Does bankruptcy show as zero balance on ChexSystems?
Yes, if you file bankruptcy your file needs to be updated to show you no longer owe. If it does not you will need to file a dispute with chexsystems and have the error corrected. Some people have been removed from chexsystems after a bankruptcy. They do NOT have to remove you but they must have an accurate file showing a balance of zero
If you filed bankruptcy four years ago and remarried can you file joint bankruptcy now?
It is possible for the married couple to file a chapter 13 or in some instances a chapter 11.
What are the basics of bankruptcy law?
Bankruptcy law is when a judge declears that you have the inablity or impairment to pay a debt.creditors may file an involintary bankrupcy to reclaim some of their debt.
How can you avoid the repossession of your car?
You can avoid repossession of your car by keeping tab of your car payments, discuss your situation with the creditor instead of ignoring them. Other things you might want to consider would be to sell the car to at least pay off some of what you owe, or file for bankruptcy.
Can a person without social security number file for bankruptcy without being deported?
Yes, but if the debtor ever used a phony social security, some districts will NOT allow the person to file a bankruptcy.
Who do you talk to about stopping wage garnishment?
Work out some sort of agreement very quickly with the other party. If you can't do that then perhaps your only option is to file bankruptcy very quickly. Filing bankruptcy legally puts a stop of wage garnishments. Filing bankruptcy stops all of your creditors' collection activities which is why it is often used as a weapon to avoid judgments.
Can you give me some good advice on how to avoid bankruptcy?
To avoid bankruptcy, try to only purchase the things you need. It is good practice to pay in cash and work for the larger item instead of putting the items on credit.
If I hide my car until I file bankruptcy can I get in trouble?
If you hide your car before you file bankruptcy and get caught, it is fraud and as far as im aware there will be a prison sentance. If you need to file bankruptcy in the first place then maybe selling your car would be a good idea to pay off some of your debt to try and prevent bankruptcy, because it is a very serious thing and not recommended as a get out clause for not paying debt.
If you had bankruptcy in 2004 can you file for bankruptcy again?
Some strict limitations have been set by the new bankruptcy law. Debtors will not be able to file Chapter 7 bankruptcy if they've been through a Chapter 7 within eight years of the new filing. If they want to file for Chapter 13, they will not receive a discharge within two years of a previous Chapter 13 discharge and within four years if they were discharged from a Chapter 7, 11 or 12 bankruptcy.
You live in Florida can you file bankruptcy on your debts with out it affecting your husband?
You can file bankruptcy individually instead of jointly but if your husbands name is on some of the accounts it may effect him. You would need to speak to an attorney and explain your situation in detail to get the right answer.
