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Most Recent ‘Q&A’ Posts

secondary card holder

I`m afraid that I will have to declare bankruptcy in next couple of months. If I`m currently a secondary card holder of my brother`s credit card, when I file bankruptcy, does my brother get affected? Thanks

Will anyone find out?

Filing for bankruptcy is embarassing but I wanted to know who will find out about me filing for bankruptcy? Will my friends and family know if we don`t tell them?

Credit card issuer approaches me with a proposal.

A well known credit card issuer to whom I owe 11K and am past due by 6 months has approached me with an offer….Repay the debt and we will give you a new credit card with a credit limit of 50% of your original debt. They know that I owe 180K to a total of […]

CREDIT CARDS

IF I WERE TO FILE BANKRUPTCY,WHAT WOULD HAPPEN TO THE CREDIT CARDS THAT I HAVE BEEN ABLE TO PAY OFF?WOULD I LOSE THEM AS WELL?

bancruptcy

What if i am a co-signer to a loan and go bancrupt what happens then.

Personal Gaurantee

I have a business with a personal gaurantee for car leases, how or is this affected if I am claiming a personal bankruptcy.

Vacation club membership

Is a vacation club membership considered an asset? It is based on a point scale which can be used at multiple vacation resorts at any time during the year. It is not a fixed location and time period like time shares.

co-signed loaned

Will filing bancruptcy allow loan forgiveness on a co-signed loan?

Length of Bankrupty

What generaly determines how long you are in bankrupty? If surplus income payments are around $400/mth – does this mean that you are likely to be extended another 12 mths? What circumstances allow for only a 3 month extension?

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