Bankruptcy Tips for Chapter 7 bankruptcy

Recently on our bankruptcy forum a user asked, “I am in a financial crisis. My spouse has divorced me, I need to find a job, and I am suffering from a severe medical condition. I have not worked in years, and I am scared. Additionally, I have over $50,000 in medical debts. I am thinking that my only option might be to file Chapter 7 bankruptcy. Do you have any bankruptcy tips for me or things I need to consider before I file?”

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Repay loans or file for bankruptcy?

Recently on our bankruptcy forum a user asked, “I have a car loan, credit card debt of $10,000, college loans exceeding $100,000, and medical bills totaling $35,000. I have a decent job, but don’t see a way that I will ever be able to repay all of my secured and unsecured debt. Do you think bankruptcy is a good idea for me?”

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Loan company refuses to negotiate a settlement payment?

Recently on our legal forum a user asked, “I took out a personal, unsecured loan three years ago. Last year I lost my job and I have not been able to make any type of loan payments. I have talked to the company and requested that we come to some type of settlement agreement, but they have refused. What are my options if I cannot repay the loan?”

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Deficiency after foreclosure can the lender sue?

Recently on our bankruptcy forum a user asked, “I am about to lose my house through a bank foreclosure. If they end up selling my house but the sale price is less than the mortgage will I have to pay the difference? I have heard something about some states having anti-deficiency laws. What do I need to know about a deficiency?”

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Home Owner Association (HOA) how to fight a foreclosure

Recently on our bankruptcy forum a user asked, “I have been fighting with the Home Owner Association (HOA) in my neighborhood for years and now they are threatening to foreclose on my home. How do they have this much power? I am current on my mortgage payments. Can they really take my house away from me? Please help!”

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Means test do I include VA disability income?

Recently on our legal forum a user asked, “I live in the State of Texas, and I have decided I need to file Chapter 7 bankruptcy. I am currently receiving both Social Security Disability Insurance (SSDI) and Veteran’s disability benefits. I am wondering if either of these income sources must be included in the Chapter 7 bankruptcy means test to determine if I can file Chapter 7.”

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