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Q&A: Answers to Questions

Most Recent ‘Q&A’ Posts

school

if i file bankruptcy now. am i still elgible to get a student loan??

car question

i still owe money on my car. the monthly payment is affordable to me. can i keep making paymnents and keep my car if i file bankruptcy?? it is the only thing i have.

loss of services

After I have seen a Trustee and signed the papers can my services (power, telephone, internet) still be turned off?

Joint Filing

My husband has all of the debt in his name – mostly credit cards that total $50,000. We have a joint bank account with an overdraft of $800 but the overdraft was given to my husband based on his credit score as my credit was not good at the time. Out of all of the […]

Unreasonable purchase before bankruptcy

My wife and I have just sat down and reviewed our finances. Until now, we dealt with everything personally. I would pay my debts from my money, and she would pay her debts from hers. It was stupid of us, but we assumed we would help each other out if we ever ran into financial […]

Surplus income for joint bankruptcy

My husband and I are unable to afford our debts. Neither of us co-signed for the other’s debts. There is no way he can afford to pay for his debts and expects to declare bankruptcy shortly. I am trying to pay down my debts, but I’m worried that I won’t be able to, and if […]

Future employment issues

Most of my work experience has been with major banks and mutual fund companies. I’ll be applying for a job with another bank in the next few months. In the past, employers have often asked for permission to access my credit bureau report. If I file for bankruptcy, will they not hire me? Would they […]

Whole Life Insurance

I was reading your response to a life insurance question. My question is if you have paid up life insurance that has a cash value called whole life insurance is that something a trustee would want to take if you made an assignment for bankruptcy.

Student Loans Question and Answer

I just came across a question and answer that baffled me! While reading through the site, I came across this line, “Some unsecured debts are also not discharged in a bankruptcy, such as student loans less than 10 years after you stopped going to school.” Then the question I found was from a student, “I […]

Insurance Settlement

When you are in the process of bankrupty and you receive a settlement on a vehile accident from 3 years ago, does these funds go to your trustee.

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