Wait, so your an engineer ain’t can’t get work in Houston?
Filing for Bankruptcy Chapter 7
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Wait, so your an engineer ain’t can’t get work in Houston?
As an individual? Ok.
I'm not an engineer.
Wait so you are saying you can get out of paying for student loans if you consolidate them with a private funder?
If this is true, it is incredibly interesting.
If this is true, it is incredibly interesting.
My ninja .. What's the hold up. Go file that shit now!!!!!!
It freezes everything and stops all debt collection efforts. It will give you time to catch your breath if nothing else.
Oh okay, My bad. I have technical degree, and had the worst credit early on in my job search as well as other shit and was able to get a job. Have you tried temp agency’s? If your degree is technical you can at least get a temp gig for maybe 6-12 months and get a good paying one maybe 30hr. Temp back group checks aren’t as in depth.
If you want to wait out the SOL, yes, but discharging is much better in my experience. If you have a cosigner the lender can go after them before the time is up. Mine is about to retire and shouldn't have to deal with all of that.
The temp agencies are giving me leads for jobs in the middle of nowhere that pay $30-$40k a year. I'd have to spend $2.5k just to move there, then make deposits on unitilies as well. $2.5k of a post tax $30k income is a lot of money. I'm sure that housing will be cheaper but not so sure about other things being cheaper. From my experience other things go up in price because they don't have economies of scale in these small town either. All of these places were super white as well.
@regulus What was your major and how much student loans do you owe? Be specific.
What is your total debt? How much were you making when you were making money.
The answers to these questions will help give you better advice.
In other words, do you just need to man up and find a good job or is your situation truly unbearable.
Do you have ANY money saved? IRAs, CDs, 401k?
I really hope you do. If you are like 22. I would say man up and pay down those bills.
If you 55 with mad kids and still can't make it happen then cash out the 401k and pay for a good lawyer.
What is your total debt? How much were you making when you were making money.
The answers to these questions will help give you better advice.
In other words, do you just need to man up and find a good job or is your situation truly unbearable.
Do you have ANY money saved? IRAs, CDs, 401k?
I really hope you do. If you are like 22. I would say man up and pay down those bills.
If you 55 with mad kids and still can't make it happen then cash out the 401k and pay for a good lawyer.
We have to learn the game fam, it's nothing wrong with bankruptcy when (they) do it multiple times in their lifetime. It was one guy at my hearing about 60 or so and the judge remembered him. He was like you were just here a few years ago and he replied yes the time has passed allowed by law for me to file again, they wiped his debt... Again
We have to be strict afterwards and our credit score will be fine. People have to do the research, I had a 700 plus after about 8mos with chap 7. It wasnt a bad process
He majored in Economics and Finance, but he has a “Ferrari” in student loan debt, so that’s at least $200k. A lot of financial institutions won’t hire people who are deep in debt and/or have credit issues.
But I figure that having a bankruptcy on your record could potentially make that perception from employers worse.
I did it a few years ago. I used an attorney and it was way easier than I thought it would be. I had to take some credit courses as part of the deal, but they were all online. You will take a hit on your credit report, but it shouldn't be anything to keep you down for long and you can start freash and bounce back pretty quickly.
WHy should he cash out the 401k?
I don't know about that.. My uncle filed for bankruptcy...
And he filed all the paper work himself for under a g... But this was back in late nineties..
After seven years they sent him offers for credit cards ..
Now he chling....debt free decent credit score. ..
That is very true.
Seems like he gonna have to hustle hard and find the right network and connections.
Right now it one of the worst times to be going through something like this.
I will say this "DO NOT GIVE UP".
There is definitely a way out.
Money really aint shit. You can get it.
Health, love and happiness are the major things in life that if you dont have, you are truly fucked.
Seems like he gonna have to hustle hard and find the right network and connections.
Right now it one of the worst times to be going through something like this.
I will say this "DO NOT GIVE UP".
There is definitely a way out.
Money really aint shit. You can get it.
Health, love and happiness are the major things in life that if you dont have, you are truly fucked.
yes, its not only for businesses
You can get credit cards right after your bankruptcy.... They'll start you out with a secured or low limit Mastercard or Visa, true. But American Express will not touch you! American Express is a valued card because it offers so many perks built in. It really doesn't even work like other cards, as you can't carry a balance from month to month. You instead pay your entire balance every month to keep the card in good standing.
I just talked to a lawyer who said that you can't discharge federal loans which is false. She also said my private loan is not dischargable because I graduated and the loans were used for school. Imagine that, a college loan! She said a coworker just told her that. That coworker doesn't know what the fuck she's talking about.
It's difficult to have student loans discharged.
Does anyone know what software is needed to write legal documents? I don't know how to type all of those symbols on Google docs. It looks like I might have to file pro se. No lawyer with take my case except for one that looks hella shady. Filling out the basic bankruptcy forms is no problem. It's the adversary complaint that I need help with. I think I can write it up, but I need help if the debtors respond to it.
Why not use Word?
Got a few friends that did it. This is pretty much what they told me.
Get a lawyer, dont do it on your own. Make more money and stop complaining. Bankruptcy is not a bad thing in general. It can really help if you use it right. Chapter 11 is for corporations. Chapter 7 and 13 are for individuals. I charge $2500 for chapter 7s and $4000 for chapter 13s so if you have someone that will do it for $1200 then you should move forward with them (granted, I don't know what state you are in)
To discharge student loans requires something called an adversarial proceeding. You have to file a complaint that there is no form for. I've seen some examples but I want mine to look professional.
Let them eat cake, huh?
Do you have Adobe Acrobat Pro? Or can you just copy the text from a form like this and paste and amend as needed: http://www.ncmb.uscourts.gov/sites/default/files/forms/AP_Package_2020-04.pdf
Thanks
You're joking, right? Your problem isnt money, its mindset. You're on the internet living in the United States. There are so many ways to make money its dizzying. Blindfold yourself, spin around, throw a dart against the wall and pick one! You want to see real poverty and lack of opportunity, I can take you to a favela in Brazil or a township in South Africa. Please miss me bro. Someone could give you $1,000,000 and years you'd still end up on the internet asking about bankruptcy.
Damn I’m tripping that nobody tagged me on this thread
I did it many years ago. My lawyer was great and made it relatively painless. It stayed on my credit for ten years.
Some dude was in here talking about chpt 11 for individuals like a jailhouse lawyer would do, so we figured we don't need real ones like you.
LOL, I tell people that living in the US is the easiest thing to do but dudes make it seem like it's rocket science. There is no reason to be broke if you're healthy and have no records.
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