Chapter 7 bankruptcy
- 18 Replies
Quoting Anonymous:
Look for a lawyer that offers free consult. The laws are different than they use to be. My friend paid about $2,200, for everything the government required. She received new credit offers (with low limits, high interest) about 4 months after it was final. Her chapter 7 was 2 years ago.
We are filing soon. We have been through an initial consultation with the lawyer that worked on my cousin's bankruptcy. It sounds like it's going to be a lot easier than we thought. We will be able to keep our house and vehicles. It does not ruin your credit for as long as people say it will and because we will be reaffirming/keeping our mortgage and vehicle loan, we will be building up credit again quickly.
She did tell us that we should hold off on filing until an actual process server shows up. No matter what a company threatens on the phone, nothing is real until you are served papers and as long as you file immediately after they show up, the bankruptcy will stop the pending lawsuit. Just logon to your cellphone company's site and block the collection agencies from calling you or press *60 on your home phone.
Quoting Anonymous:We are filing soon. We have been through an initial consultation with the lawyer that worked on my cousin's bankruptcy. It sounds like it's going to be a lot easier than we thought. We will be able to keep our house and vehicles. It does not ruin your credit for as long as people say it will and because we will be reaffirming/keeping our mortgage and vehicle loan, we will be building up credit again quickly.
She did tell us that we should hold off on filing until an actual process server shows up. No matter what a company threatens on the phone, nothing is real until you are served papers and as long as you file immediately after they show up, the bankruptcy will stop the pending lawsuit. Just logon to your cellphone company's site and block the collection agencies from calling you or press *60 on your home phone.
Quoting UgtaBkdnMe:All I wanted to keep was my car. Other than that I didn't have anything but a house and I wanted that gone :/
Quoting Anonymous:
What all where you allowed to keep
Quoting UgtaBkdnMe:I did a few years ago. It was pretty simple and never stopped me from anything after.
They may. You pick and choose, it's up to the company. I kept my car and they lowered my interest rate to 0.
Quoting Anonymous:
Was hoping they may let me keep one credit card limit is only $300
Quoting UgtaBkdnMe:All I wanted to keep was my car. Other than that I didn't have anything but a house and I wanted that gone :/
Quoting Anonymous:
What all where you allowed to keep
Quoting UgtaBkdnMe:I did a few years ago. It was pretty simple and never stopped me from anything after.
Elementary Morning Tardy Rant.