filing bankruptcy?

Question

i am going to be fileing bankruspy as soon as i can save the money to do it. one of my crediters sent me a email saying that they sent my loan to thier legal department. the loan was 2600. what are the chances of them actully trying to take me to court? and sience i am going be fileing but not right now, should i tell them that and also what if i try to go through a debt consolidation company. will they back off if i do that??

Answer 1

Quick question.... Do you have any type of education, or do you really stink at spelling? There is even a spell checker you can use before you submit your question. With spelling this bad, I don't want to give an answer because I feel that you won't understand. Sorry.

Answer 2

Bankruptcy is a lot harder now. New laws dictate whether or not you can file chapter 7 (total debt liquidation) or whether they assign you to chapter 13 (debt consolidation). Also you must attend a class on credit/budget counseling before the filing begins. If you feel going through a debt consolidation is worth it then by all means give it a try, most debtors will back off back payments and interest rates as long as you are trying. BUT...........be sure to do some research on the company and look up complaints on line through the BBB. There aren't many out there that have a good rep.

Answer 3

Your lack of spelling things correctly made it very difficult to read this...use the check spelling before you submit the question! Not many people know that feature is there, but it's right above the text before you hit "preview".

Anyway, if you are going to file for bankruptcy, then you must have already spoken with an attorney. You need to call him/her back and ask them this question. They are the ones that are qualified to tell you what you should do and shouldn't do, and what will happen and won't happen. Don't hinge your financial hopes on what a bunch of strangers may say. That's too risky!

Answer 4

this is a very serious matter your options are chapter 13 bill consolidation or chapter 7 straight bankruptcy you need to call and talk to a layer but by all means do not tell your creditors you may be fileing or they may beat you to the draw and file suit against you if you wait till they take you to court you wont be able to file this is what i was told by my attorney im under chapter 13 right now ,debt consolidation bankruptcy was best for me.

Answer 5

If your debt is only $2,600 , I suggest you try and work something out with your creditor. They are almost always willing to work with you. If you are ignoring their collection efforts, chances are they will take out some sort of litigation against you. Also you may want to seek some credit counseling. I`d avoid debt consolidation, as this is bound to cost you. It`s a business. Most bankruptcy attorneys will talk to you and advise you which direction to go. Good Luck, and I hope you chose bankruptcy as a last alternative.

Answer 6

Its a good idea to let them know whats going on. They probably wont stop the collection calls, but they can at least comment your accounts saying that you have called and what you are planning to do. Consolidation really helped me get out of debt. I used American Financial Solutions based out of Seattle, Wa.

Answer 7

nicely, to respond to your preliminary question of no remember in case you could document financial ruin or no longer is actual as much as you ultimately. i does not advice it in case your debt is below 10K as oftentimes a consolidation ought to get you out of the hollow on that subject and you will rebuild your credit. the subsequent subject because of the fact the guidelines have replaced, do you qualify based on the earnings rules on your loved ones? probability is, curiously you do, yet then i don't comprehend what you're making or how many are on your loved ones. Secondly, it relatively is gonna cost you a grip to document now as what was once $3 hundred-$500 to do various years in the past will easily cost you $1500 or extra. Plus you will additionally might desire to look for credit counseling previously you progression forward interior the technique. As on your reference with reference to the 7 yrs., it relatively is no longer unavoidably computerized as they circulate on the final date of interest on the account. it is how the lenders get you and function the skill to advance that 7 yrs. to an eternity. Now, you could consistently dispute any subject concerns you have on your credit document, so don't be afraid to attain this. they might desire to deliver you an handle and touch sort of the creditor interior a useful volume of time or the credit bureau has to get rid of it out of your credit document. many human beings don't comprehend this, even though it relatively is how such countless anyone is in a position to have some issues bumped off, because of the fact they fail to examine the documents rapidly. it is frequently reliable for you if it is the case or you could nicely be caught with some issues on the document. i'm hoping this helped. reliable success!

Answer 8

Most likely they will be taking you to court. If you tell them your going to file for bankruptcy they will get to court as fast as they can so you cant include them in your bankruptcy.

Answer 9

ADVICE:::: it's best to try and offer some sort of payment, as if they refuse it the court would not be impressed but never lie about your income as the court will make you pay your monthly sum plus some for your arrears,Best of Luck
PS try not to go bankrupt

Answer 10

You shouldn't file bankruptcy. If you made the bills, you have to pay them. If you ate the meals, bought the clothes, used the gas, you pay for that. The rest of us have to!