More details to this question:
I have 2 repossessions cars but they are still trying to make me pay them I have a couple of payday loans, medical bills and medical bills for my daughter, some outstanding credit card bill. I have a full-time job but it’s not enough. I rent my apartment.
12 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.
Answered on Sep 05th, 2012 at 11:23 PM
Bankruptcy discharges your personal liability to pay back debt.
Answered on Sep 05th, 2012 at 11:14 PM
General Practice Attorney serving Crystal Lake, IL
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Bruning & Associates, P.C.
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It might be a good idea for you to file for bankruptcy, depending on all of your circumstances. You probably will not be able to get the cars back, but if you file for bankruptcy and make sure to list the car loan companies, you can probably get that debt discharged, along with the other debts you mentioned. You should consult with a bankruptcy attorney in order to look at all of your circumstances and see if you can qualify.
Answered on Sep 05th, 2012 at 12:28 PM
Criminal Law Attorney serving Fremont, CA
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Steven J. Alpers, A Professional Corporation
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It depends on your income. You need to talk to a lawyer.
Answered on Sep 05th, 2012 at 9:52 AM
Commercial Bankruptcy Attorney serving Davie, FL
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Law Office of Jeffrey Solomon
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You should consult a bankruptcy attorney for the details. Most will provide a free consultation. Generally, the debts you described can be eliminated in a chapter 7 bankruptcy.
Answered on Sep 04th, 2012 at 8:41 PM
Chapter 7 Bankruptcy Attorney serving San Francisco, CA
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Bertrand, Fox & Elliot
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You sound like an ideal candidate for Chapter 7. You would file your case, and within 3-4 months, receive a discharge of all of those debts. Consult a local BK attorney for qualification information.
Answered on Sep 04th, 2012 at 8:25 PM
Litigation Attorney serving San Antonio, TX
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Graves Law Firm
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Unless you make more money than I suspect you do, you can probably wipe out all of the debt you describe. See a bankruptcy lawyer.
Answered on Sep 04th, 2012 at 2:08 PM
Bankruptcy Chapter 7 Attorney serving Fort Collins, CO
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The Salas Law Firm LLC
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Based on the limited information you provide, most if not all of your debts could be discharged in a Bankruptcy allowing you a fresh start; however, there are some qualifications and you should speak with an attorney to further explore your options.
Answered on Sep 04th, 2012 at 2:08 PM
Daniel James Wilson
You sound like a good candidate for Ch. 7 bankruptcy. The process is complicated. Schedule a consultation with a BK lawyer.
Answered on Sep 04th, 2012 at 2:07 PM
Bankruptcy Law Attorney serving Livingston, NJ
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Law Office of Stuart M. Nachbar, P.C.
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To file a bankruptcy under c7, you have to pass the means test, otherwise you file a c13.
Answered on Sep 04th, 2012 at 2:02 PM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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You need to read the pamphlet I have written on Chapter 7 Bankruptcy: What you need to know. It can be downloaded at my website and is just too extensive to even summarize here.
Answered on Sep 04th, 2012 at 1:51 PM
It sounds like a Chapter 7 would fit your situation. Everything you listed is what's called unsecured non-priority debt. In a Chapter 7 nonexempt assets are sold to pay off creditors and whatever balance is still outstanding gets discharged. For most people (and you sound like most people) the amount of nonexempt property is $0. So $0 is taken from you and the amount you owe on everything you listed goes to $0. It is, of course, more complicated than that. But from what you listed, not much more.
Answered on Sep 04th, 2012 at 12:24 PM