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Five bodies and the cremated remains of 22 people were evicted last week from a funeral home in suburban Detroit. The deceased remains were removed from the House of Burns Memorial Chapel in Pontiac and shipped to the county medical…
The Washington Post reports that Americans are increasingly unable to pay off their credit card debt, which forces banks to not only lend to fewer people, but to also stockpile cash to guard against future losses. Recent Federal Reserve data…
I did graduate from school in 02/97 …declared bankruptcy on 02/02 and was discharged 11/03. Is the new rule apply to my situatuion ?
Regards
Posted from: Quebec
How long is a Bankruptcy Trustee required to keep records of Statement of Assets, creditor disclosure and other original filing documents from the date of Bankruptcy application?
Posted from: Newfoundland and Labrador
With a world where money and credit is the life-blood that keeps everything going it is no mystery as to why bankruptcy filings continue to soar, especially here in the United States. Over 88,000 individuals in the US filed some form of bankruptcy in the month of September of 2008, an increase of over 28% from September 2007. It is no mystery that we continue to use this “bailout” program at an escalating rate when you understand that bankruptcy comes about because of one thing… scarcity consciousness.
Many people feel they need to know about bankruptcy records in their local area. Some are people looking to snap up a house or other property which has just entered foreclosure. Some are just looking to see if a potential customer or employee is the sort who may skip out on a bill. Some are concerned citizens worried about property values. Some are just curious. Luckily for all these people, it is possible to find many sorts of bankruptcy files online.
i want to be a director of a non-profit corporation…can i do that if i just filed for personal bankruptcy last week and am not yet discharged?
Posted from: Ontario
My Mom?s wages are being garnished by a collection agency. Can we still settle the debt? How much do we offer and where do we get the money? My mother?s Ford Fiesta bit the dust a month ago and she needed to get a new car. Her hours have recently been cut at her old job and she has just taken a second job for significantly less money ($7.50/hr versus $10.50/hr). After talking with her I came to the realization that she couldn?t afford to even purchase a reasonable beater for a few grand. I decided that I would help her out with a few hundred bucks and an interest free loan on the condition that I could look at her finances and make sure everything checked out. Here is what I found:
Her monthly income is variable but appears to average about $1000/month +/- $200 (her rent is $480/month).
She has one credit card with a balance of about $1100
She owes a collection agency about $13,000 and they have begun garnishing 25% of her wages at her primary job. The debt comes from a credit card where the original balance was about $6000. She settled with the credit card company but then failed to make the payments and the account sat in collections for a couple of years.
Here are my questions:
Now that the collection agency is garnishing her wages is it too late to settle with them?
If we can settle with the collection agency how much should we offer?
If we do offer to settle, how should we raise the money to pay them off? Will banks make loans to me or my Mom for this purpose?
Should my Mom just file for chapter seven bankruptcy?
We are both located in Michigan. My Mom does not have any significant savings or assets other than a 401k. I have only been out of school for a couple of years so I am still trying to get on my feet. I have good credit and some savings, but not enough to pay for this endeavor unless I borrow against my 401k.
My Mom?s wages are being garnished by a collection agency. Can we still settle the debt? How much do we offer and where do we get the money? My mother?s Ford Fiesta bit the dust a month ago and she needed to get a new car. Her hours have recently been cut at her old job and she has just taken a second job for significantly less money ($7.50/hr versus $10.50/hr). After talking with her I came to the realization that she couldn?t afford to even purchase a reasonable beater for a few grand. I decided that I would help her out with a few hundred bucks and an interest free loan on the condition that I could look at her finances and make sure everything checked out. Here is what I found:
Her monthly income is variable but appears to average about $1000/month +/- $200 (her rent is $480/month).
She has one credit card with a balance of about $1100
She owes a collection agency about $13,000 and they have begun garnishing 25% of her wages at her primary job. The debt comes from a credit card where the original balance was about $6000. She settled with the credit card company but then failed to make the payments and the account sat in collections for a couple of years.
Here are my questions:
Now that the collection agency is garnishing her wages is it too late to settle with them?
If we can settle with the collection agency how much should we offer?
If we do offer to settle, how should we raise the money to pay them off? Will banks make loans to me or my Mom for this purpose?
Should my Mom just file for chapter seven bankruptcy?
We are both located in Michigan. My Mom does not have any significant savings or assets other than a 401k. I have only been out of school for a couple of years so I am still trying to get on my feet. I have good credit and some savings, but not enough to pay for this endeavor unless I borrow against my 401k.
I paid off a 54 month proposal in 2 years (last payment was April 2008). I would like to apply for a mortgage now. Although the CP will show up on my credit rating, is there any reason why I could be refused a mortgage? Will the fact that I paid the CP and have a $75,000+ salary now be taken into consideration by the banks?
Posted from: Ontario
