He does not want to give up a car Letter to "Ask Leon"A long story made short. A friend of mine has a 03 Jag and hasn't made payments on it in 8 months and they can't find him so they haven't collected the car. He wants to wait till he can get the money [...]
Am I eligible for Chapter 7? Letter to "Ask Leon"I am being sued for an auto accident in which the demand is MUCH more than my policy limits. Thinking ahead, if there is a judgment more than my policy, I will file for bankruptcy. I am married, but only I would file because we have [...]
Bankruptcy Business and Personal Letter to "Ask Leon"Several years ago I started a small business (as a sole pr./dba) about 3yrs ago I changed to an S-Corp. Well now the store just isn't making it. I have a really large amount of dept in personal credit cards. I will probably have to do a personal [...]
Chapter 13 Dismissal Letter to "Ask Leon"We have been in 13 for about 1-1/2 years. Our home in MS was under foreclosure when we filed. I was transferred and am forced to sell the house. We have a contract on the house. Our lawyer told us initially that if the equity was less than $75,000, [...]
Bankruptcy 7 Letter to "Ask Leon"We hired an attorney in March and was paid in full in April 1006. This was when we were having financial hardships. The attorney filed seven months later, I tried several times to get a hold of him to find out what was going on no return phone call. On [...]
Deed in leiu of Letter to "Ask Leon"I know this doesn't pertain to BK but do you know the difference that a deed in lieu of instead of a foreclosure will have on your credit?Leon Says...Here is a wild guess: I would expect them both to affect your credit the same, unless the account was [...]
Is bankruptcy a bad idea? Letter to "Ask Leon"Dear Leon: My wife and I are in financial trouble. We have a yearly income of $63,000, own a home, have some home equity, and a home equity line of credit. We also have $45,000.00 in credit card debt. For us, bankruptcy has always been the absolute [...]
Charge off Letter to "Ask Leon"My bankruptcy was discharged 06/2004. Since then I have had no reporting from a Capital One credit card. However, the past 2 months they have reported Charge-Offs on the old account which has dropped my credit score by 60 points. I looked at my BK paperwork, and my attorney apparently [...]
Bankruptcy Letter to "Ask Leon"I filed bankruptcy when my husband left in 2001. My income has dropped and I'm having financial trouble again. I've contacted NFCC and, after looking at my finances, they could only recommend filing bankruptcy again. Isn't it too soon? Also, because my father is elderly, my 4 siblings and I have [...]
Bankruptcy loss of house Letter to "Ask Leon"Hi, if we were to go bankrupt as we have no equity in our home would that mean we could keep our home as we always pay our mortgage but can not afford our monthly credit payments after essential bills , we have seeked advice but want more. [...]