Question I have been a consistent 6 figure earner in commercial real estate brokerage. I went nearly two years without a closing and have dug a very deep financial hole. I have two issues that need help. IRS and credit...
Question: What is the effect on a person's life if they just stop paying credit card debt vs. filing bankruptcy? --Frances "Click below for Answer"...
I've had high credit ratings and fico scores (uppper 700's) for the past 3 decades. I consolidated revolving accounts to two creditors because of low interest rates over the past couple of years. In the last two months both of...
Question Thanks for providing this service. I think I know the answer but here's my question. Assume the following Current credit score 650+_(down from 780 a year ago) Current credit card debt $100000 Current rate 25% -29%average Current, in good...
Question My husband's business is thinking of filling bankruptcy. My name is not on the business. What will we be allowed to keep of our personal assets? In the event it becomes necessary for us to file personal bankruptcy, what...
Question Our house payment is at 11.5% and we are in chapter 13. The court has given us a letter allowing us to modify, refinance, etc. My husband has not used his VA home purchase credit. Our mortgage company won't...
Question I understand that I may have lost 1/4 of my retirement money when Lehman went under. I had bonds (notes?). I'm not sure what the proper term is? All I know is they seem to be gone. I'm told...
Question: Is there any help for payday loans or are we up a creek without a paddle? My husband and myself have gotten payday loans that equal 1/3 of our checks and we can't afford to pay them off and...
KB Toys is one of the recent going-out-of-business stories. But the chain's website is still up and chugging. And it looks like there are some serious markdowns going on. Not every toy has the hard chop, but some are a...
Question: What help is there to reduce credit card debt without declaring bankruptcy? A family member took a significant cut in pay and is not able to handle the current debt payments. However, if he goes to bankruptcy, it will...
Good Morning, We have some Washington Mutual bonds. I was under the impression that bond holders had first shot at assets when companies went under. To date we have heard nothing concerning what we will get out of our bonds,if...
You hate to see anyone have to close up shop, but our Maria Halkias reports that the parent company of Western Warehouse and Boot Town has filed for bankruptcy. Liquidation sales begin today....
Question: I am self-employed, and my husband is a coach. Due to some job difficulties in the past, we have accrued over $100,000 in credit debt. (Not including a car loan of $14,000 and our mortgage). We are not behind...
Question: I have a question that is not necessarily as a result of the current economic state. I recently had my bankruptcy discharged (couldn't maintain the payment schedule). I have about $80,000 in debt to about 15 creditors. I'm trying...
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