My case is not actually filed yet because my Att. fees are not yet paid in full. I cut up all credit cards on the day I went in for a consult. I did not charge anything after that day but I have and did I shop with my debit card. I now only buy the absolute necessities. I may not qualify for Chapter 7 because I still have between $200-$300 left over after all expenses at end of month so may need to file for Chapter 13. This left over money (all of it) would go to pay my reorganized debt, but if any emergency were to happen I don't know what I would do. My doctor just took me out of work for a month due to excess strss/anxiety/fatigue. So now I'll miss a month's salary. This medical situation is not a shocker, it's been a bomb waiting to explode for a long time and it finally happened - mostly because of work related stress. (I am a single 30 year old Flight Attendant) I do not know what to do at this point in regards to my financial situation. It seems to be a downward spiral. HELP!
2006-07-28 17:29:41 · 4 answers · asked by qbert 2 in Business & Finance ➔ Personal Finance
Just press the Chapter 7 issue with your atty, tell him your job related issed with being off work for 1 month and tell him you don't really feel you could afford to make a monthly payment everymonth, cause you don't know how stable your finances will be in the near future. Maybe you need to consider finding a less stressful job. Its not good for your health, and you are still young enough to start a new.. I hope all works out well for you.. I know I have been there done that. I went Chapter 7 14 yrs ago, they wanted me to go Chapter 13, and I told em no way.. good luck
2006-07-28 17:37:00 · answer #1 · answered by Hi 3 · 0⤊ 0⤋
If that's all the debt you have you may truthfully manage a fee plan throu an outfit like Debt help Servcies, eliminate most of the interest and component to the unique vital and do the honorable ingredient, pay it decrease back. in spite of everything, a financial ruin won't plague you any further than what your credit record sounds like good now with a team of chargeoffs on it. i don't be attentive to what you're doing on a similar time as residing in another country yet once you're nonetheless a pupil you may make certain what you prefer to do for a residing and initiate doing it, no count if in another country or everywhere you're at and initiate behaving like a in charge, tax paying citizen instead of dodging your household initiatives. Having reported all that the banks are to some extent in charge to your subject via loaning you the money interior the 1st place. in the event that they gave a rat's rear end approximately how they invested that $20,000 of their depositors funds (they invested it in you, a foul investment) they never could have issued the cardboard to a pupil. So, they took a real extreme and undesirable probability. the only way the Banks will exchange their lending conduct is that if a pair of million adult men such as you all record financial ruin on the comparable time. it may deliver a message, no longer approximately financial ruin yet approximately lending and borrowing. initiate earning a residing and paying funds. mastercard debt is for real chumps. learn a lesson and don't repeat it.
2016-11-03 05:54:28 · answer #2 · answered by ? 4 · 0⤊ 0⤋
The 1st time I filed I talked to my lawyer about 13 but she recommended 7 to get rid of the debt completely. I did since I had
no house or car to lose. I unfortunately got more cards and ten years later filed again. The second lawyer told me my case was open and shut since I had nothing for the creditors to repossess.
Of course this was all before the new laws took effect so you
may have to pay some back. My best advice for the future is to
stay away from credit cards and pay with your own money,layaway the item or just do without it. Good luck.
2006-07-28 17:45:07 · answer #3 · answered by ? 4 · 0⤊ 0⤋
You may not be bankrupt at all. You may be having a bad year. Financial strain can mess with your head if you don't have a plan. If you file bankruptcy and don't have a plan, you can end up in a worse situation. Try Financial Peace University.
Contact Dave Ramsey's office to determine if you are really bankrupt. If you are not, he will give you some clear direction, and could save you attorney fees. If you are, he can help you reorganize your life so you won't be in this same dilemma five years from now.
2006-07-28 17:35:49 · answer #4 · answered by Wise ol' owl 6 · 0⤊ 0⤋