I am a homeowner but cannot raise anymore on my home
2006-11-23 04:18:47 · 8 answers · asked by Bill M 1 in Business & Finance ➔ Credit
Bankruptcy shoudl be a last resort!
If you have to file, then make sure you know what your getting into.
Here are some very informative bankruptcy facts.
http://www.expert-credit-advice.com/bankruptcy_facts.htm
Good luck to you!
2006-11-23 05:53:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Stop. Think. Breathe and take a Deep Breath. Relax
1. Stop spending.
2. Stop using credit cards except for necessity.
3. Use the job you have and try to get a part time job if needed.
4. Stop thinking that this is out of your control.
5. Call each credit card company and ask for lower rates and for lower payments.....they will listen if you keep trying.
6. Ask all that you owe money, to accept lower payments for a while.
7. Get control of your payments, by asking for help from your bank and credit union.
8. Try not to go bankrupt.
9. If that happens, you will lose your home, and I'm hoping that will not happen if you do the prior steps.
10. Try to get all members of your family to help.
11. Close down credit cards if you must....but keep at least 2 for your own good.
12. If others of your household are out of control, take away their credit cards.
13. In some states, you have until 2 years to get out of your home, but that varies, so check with your state authorities.
14. If you must, give up cars, cell phones, telephones and other devices instead of going bankrupt.
I think you still have a computer.
There are computers at the public library to use, free!
2006-11-23 12:33:39 · answer #2 · answered by May I help You? 6 · 0⤊ 0⤋
Why is it you didn't mention Where the House Is? How do you expect to get a correct answer? What you should basically do is list your house, and do it quickly before foreclosure begins, you may be able to sell it and become solvent again. Depending on your debts, mortgages,lawyers fees,closing fees, you and only you know what will be left over. It is unwise to let the bank take the house back, you will still be in debt and the bank will sell the house for only that which is owing to them. So get cracking and sell your house while you still own it...
2006-11-23 12:25:50 · answer #3 · answered by peaches 5 · 0⤊ 0⤋
There are lots of attorneys that offer some initial discussions about bankruptcy for free. Start there.
The link below gives you an idea of what to expect with the new bankruptcy laws.
To Peaches....one of the main concerns with people in this situation is to find a way to KEEP their homes, not lose it. Poor advice you give here.
2006-11-23 13:53:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
People will look at you funny.
Seriously, I know two people who went through bankruptcy. One friend filed right after she got married. It was due to $30,000 of credit card debt. It just went away. She and her husband bought a beautiful house. Granted it had a high interest rate, but they refinanced down to a much better one.
The other friend got sued when he was in a car accident (his fault). He had to file for bankruptcy. He was also able to buy a house, get a loan for the 20% down, and he has credit cards.
You'll be fine.
2006-11-23 12:27:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
What country Bill?
Need to add a bit to your question and let us know or answers are going to be a bit meaningless - and probably TOTALLY wrong!
Sorry
2006-11-23 12:20:34 · answer #6 · answered by Mark T 6 · 0⤊ 0⤋
Are you good with your mouth?
2006-11-23 12:25:59 · answer #7 · answered by Anonymous · 1⤊ 1⤋
Your gonna have to become a prostitute.
2006-11-23 12:20:26 · answer #8 · answered by melucknope 1 · 0⤊ 2⤋