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Should i file a bankruptcy now, im being sued.

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Benjamin
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Subject: Should i file a bankruptcy now, im being sued.

Wed Aug 01, 2007 9:43 am

I am being sued for $30,000. I do not have means to bear this. Should I file a bankruptcy? If yes then what to do now?

Benjamin

Franklin
Guest

Wed Aug 01, 2007 11:11 am

You can go for a chapter 7 bankruptcy.

Laura

Joined: 21 Jun 2007
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Posts: 1334

35466 Magic Points

Wed Aug 01, 2007 11:14 am

The following are not considered under the discharged list of debts under bankruptcy

* Child support
* alimony
* Debts for personal injury or death caused by you ( Drunk conditions)
* Student Loans.
* Income tax debt.
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Regards,
Laura.

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1356 Magic Points

Subject: being sued

Wed Aug 22, 2007 3:28 pm

Can you please tell me what the issue is? Of course, you don't have to. Depending on what the issue is ( why you oew the money), I know in SOME states, the Bankrupcy has to ALREADY be filed, NOT to owe this debt ( depending on what it is). But, Laura is right....those things that she said Child Support, etc. cannot be discharged.

Laura

Joined: 21 Jun 2007
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Posts: 1334

35466 Magic Points

Fri Aug 24, 2007 6:11 am

I did not get your point Wendy
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Laura.

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1356 Magic Points

Subject: Bankruputcy

Sat Aug 25, 2007 1:02 am

Sorry I was not clear, on this issue. I meant ( for example)..if you filed for Bankruptcy, and THEN you recieved papers ,that somone/company wanted to sue you, you can't go bankrupt, on whatever the person/company is sueing you for, because THAT certain person/company you did not file bankruptcy for. Does that make sense now, Laura?/ Sorry, again, if I wasn't clear.

Morningstar

Joined: 17 Apr 2007
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Posts: 582

11 Magic Points

Sat Aug 25, 2007 3:27 am

Quote:

If you've filed a chap. 7, then I don't think it matters if a creditor is listed, or not. The debt is still discharged..."nature of a debt does not determine its dischargeability" ...or something like that.

If a chap. 13, IDK.
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I don't dream since I quit sleeping

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1356 Magic Points

Subject: debt

Sat Aug 25, 2007 7:10 pm

I get what you're saying. That DOES make sense. Which one is it that you can 'pick' which debts you want to pay off? Which one is it that ALL of your debt is 'discharged'?

Morningstar

Joined: 17 Apr 2007
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Posts: 582

11 Magic Points

Sat Aug 25, 2007 10:47 pm

I think you're thinking of a chap. 13--which is essentially a repayment plan, where it may be possible to re-affirm a debt. A chap. 7 wipes your slate "clean."
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I don't dream since I quit sleeping

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1889

1356 Magic Points

Subject: debt

Sun Aug 26, 2007 1:15 am

Ok..yeah..I just din't know which one was which. Thanks. I know SOO people that have filed for Bankruptcy. That REALLY was the 'only' choice they had. A friend, of my parents, filed YEARS ago ( I would say about 15 years ago. The Bankruptcy is STILL on their credit. I understand..this 'approach' is the best thing for some people. But, doesn't bring your credit score WAY down???

Morningstar

Joined: 17 Apr 2007
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Posts: 582

11 Magic Points

Sun Aug 26, 2007 4:09 am

Yes it does, but like all things, it passes. As far as your friend's parents go, they should dispute the BK entries. (7 years for a Chap 13, 10 years for a Chap 7).

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1356 Magic Points

Subject: debt

Sun Aug 26, 2007 12:37 pm

WOW!! Bankruptcy can be on your CR longer than any deliquent debt?!...seems that way, anyway. That's amazing!! I say that because people usually file for Bankruptcy to 'start over'.but, I guess it depends on the situation. OHHHH....Wanna let everyone know something. i said, in an earlier post, I was concerned about Cash Call being on my CR. Well.............I was trying to look up the phone number, on the Web and guess what I found?! I know people are saying it's NOT a PDL, but,..all I could find Cash Call under is 'Cash Call Payday Loan'. When I first got a loan through them ( November of last year), they were NOT listed that way,on the Web. It was just listed as 'CashCall'. Also.....I was looking on my CR's..........ALL 3 CR's have 3 DIFFERENT phone numbers on them!! If Cash Call is listed as 'CashCall Payday Loan', then is it NOT a PDL???

rachel
Guest

Subject: Being Sued

Tue Mar 11, 2008 8:05 pm

I am being sued we have been to court 2 times this last time the Judge gave me time to file a response Is it too late to file bankruptcy ???

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1334

35466 Magic Points

Wed Mar 12, 2008 9:09 am

Will this be the first time to file BK?
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Regards,
Laura.

JAMIE
Guest

Fri May 16, 2008 2:25 am

CAN I FILE CASH CALL ON BANKRUPY

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