San Antonio Bankruptcy Lawyer | Helping People In Financial Trouble Relieve Their Pain

Archive for July 2009

Jul/09

14

From Debt Settlement Blog

Andy H asked:


I just recently file Chapter 13 Bankruptcy in Oct 2007, wondering if I have to surrender my tax return to the trustee?
Any light on the matter would be helpful? I filed in tennessee but live in Georgia

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Michali asked:


We are in the process of closing on our first house and don’t want to mess this up. My husband is being forced to file bankruptcy soon on ONLY medical bills. I don’t know if the bankruptcy should be filed just after closing to prevent a lawsuit from one of the creditors or if we should just go to court and settle the bankruptcy after a judgment has been passed. If we filed chapter 13 bankruptcy, what kind of percentage of the total bills do you usually have to pay on medical bills; or does it depend on your income and expenses? Help please! Also, will our credit cards (which we do NOT have a problem with) be taken away from us?

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Do you owe too much debt to pay back?

Is the debt keeping you up at night?

Credit cards or debt overwhelming you?

Is your debt making you physically sick?

Then what you will learn below will bring you relief.

James Montgomery


James (Jim) Montgomery recognized as a Texas Super Lawyer explores the benefits of settlement debt negotiation in “3 Ways To Stop Creditors In Their Tracks”, a free report that you must read.  Click here to get the free report.

San Antonio bankruptcy courts may be an alternative to your debt situation.

In June and July of 2009, a large number of home loans that were made with adjustable rate mortages will be resetting to new interest rates.  Many of these loans were made with terms that will result in a substantial increase in the interest rates as well as an increase in payments.

People are facing obstacles in their lives never before confronted.  Loss of job, loss of income, investment loss from the Wall Street debacle have reduced cash flow for many.  Some, feeling that things would improve, have borrowed to finance their living expenses.  Others have borrowed to finance a business that they did not realize was failing and could not recover.

There is relief.  If you are a wage earner, you may qualify for a Chapter 13 bankruptcy which is a reorganization that allow you to pay your debts over a period time in some cases.

Call 210-690-3700 for a free needs analysis report with one of our attorneys.


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lpdcsi62003 asked:


I filed chapter 13 bankruptcy 3 years ago. i am not able to make the payments on my bankruptcy, but i dont want to lose my two cars. I have about 24 payments left, but i am not able to obtain certain necessities for my kids because all of my money goes to bankruptcy. I want to walk away from it like everyone is walking away from their homes. I heard that you could walk away, but i always thought you had to pay every month, so they dont take your vehicles away from you.

Chapter 13 Bankruptcy

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dnye56 asked:


We are in the middle of a chapter 7 bankruptcy n are 5 months behind on the house payments. The house place wants a relief from the stay or all of the money from where we are behind in. Can we go to a chapter 13 bankruptcy now in order to save the house n can we do it on only the mortgage company?

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crazy2me20032002 asked:


My husband and I are in a chapter 13 Bankruptcy. We are going through a divorce now. Can I buy out of the Chapter 13 and file a Chapter 7 by myself?

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Mary S asked:


I’m uninsured and was rushed to the hospital and the total bills were over $14,000.00. I ended up having to file Chapter 13 bankruptcy since I don’t make enough to pay them back. I need to know if I can file it on my taxes since I’m paying them back but not all of it.

Kansieo.com

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KATMJOHNSON asked:


My sister has been dealing with the IRS for a while and she was recently told by a friend of hers that she could file Chapter 13 Bankruptcy to get all her bills organized and establish a payment that would help her meet her obligations and keep her house. My understanding is that once you file Bankruptcy you can not do it again for 10 years. I could be wrong though -

Kansieo.com

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km10j8baker asked:


I have filed chapter 13 bankruptcy and I have not filed my income taxes yet. I have been told that the bankruptcy court can take your refund if you have one due to you. Is that true?

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