Bankruptcy attorneys about filing for Chapter 7

If you don't do anything and are taken to court, the judge can determine that you are "judgement proof". That wouldn't stop collections, just put them on hold. Once you do have money or assets the collection activity could start back up.

That attorney needs to find a new profession. That kind of advice is irresponsible and dangerous.

Thanks, that's what I thought.

Does not sound like an attorney I would want! Can you work out a payment plan with your creditors or talk to a credit counselor before you file for bankruptcy? It is something I would try before I filed and it that does not work for you, then go the other route. Just be aware that Ch7 will be on your credit report for 10 years and will make things a little difficult to get any credit for a while. It will help in some and hurt in others, so just be aware of that. I am not trying to discourage you, but just make you aware. A few years back we filed CH7 and have had to live with it and still have some years to go before it comes off the credit report.

I'm in a hard position. My condition is keeping me from being able to work and my bills are adding up. I tried to work something out, but since I'm not employeed, I don't quailify for any of their programs. I'm still dealing with my illness and need medical attention. I should wait to file for bankruptcy after I see my doctors; I do know that after I file I'm responsible for anything I do. Does anyone know if the bankruptcy laws are going to change any time soon?

If this is what you need to do, then do it. Talk to a good attorney, not the one that sounds like he is full of BS, and go from there. It does not hurt to talk to them and ask questions. That would be the best place to get your answers. I wish you luck and do hope that you will get to feeling better soon.

Thanks.

Can you rebuild your credit while you have filed for bankruptcy? How are you doing with everything? I also heard that a person that has filed bankruptcy a year ago has finally found a creditor to give her a credit card already. Does that mean she is rebuilding her credit now? I'm scared that I'll have a hard time getting health insurance if I move to another state. I'm hoping it doesn't make it difficult for me to get approved for it. I'm so lost and scared on what to do.

Does credit matter when applying for health insurance? I thought they only considered medical issues, but I could be wrong.

After you file for bankruptcy, you will start getting offers for credit cards a few months after your bankruptcy is discharged. But these offers won't be for great cards. They will have high interest rates and fees. Companies look at you as a better risk after you've declared bk, because legally you can't file again for like 7 years (depending on the situation).

It will take time to rebuild your credit. After a few years, we were able to buy a house, but because of our credit score, we are paying a higher interest rate. Same with our car. After you file, you will probably be flooded with card offers and such, but my advice is be careful and read the fine print. You do not want to get yourself back in over your head. If this person was given a credit card, I am sure that she is trying to rebuild her credit. For me, we fell back on hard times due to my illness and then getting into the payday loan trap, so we are struggling a bit now, but are determined to get out of things as quickly as we can. Won't your insurance move with you if you move? That is something you might want to check on.

I understand about being scared, but it will be ok. Just take things one step at a time and it will all fall into place. Having medical problems is scary enough and dealing with financial problems on top of that makes things even worse, and this is coming from someone who has been there. Call an attorney, find out what you need for them and what you need to do and how much this is going to cost you and start from there. It will be ok, just have a little faith.

Thanks again:)

My insurance will only cover me for 6 months and they said that they would help me apply for another policy which puts me in a difficult spot b/c I'm 30 with a pre-exsisting condition. It's too bad that Blue Cross can't transfer my policy over fom California to Tennessee;(

That does suck that the policy won't transfer . . . . My little brother had the same problem. He had a pre-existing condition, and had a heck of a time finding a company that would insure him. He finally had to go with a state sponsered plan that cost him almost $600 a month. While it was better then paying out of pocket $1800 a month just for meds, it still sucked.

Look around at a ton of companies. In your situation shopping around can really save you some money.

My niece filed and was able to purchase a car a year later. They told her that if she made her payments on time, she would qualify for a rate reduction. So far she has refinanced thru the lender 2x and brought the percentage down several points. She learned a valuable lesson. She also has a credit card that she only makes mall purchses on and pays off each month to help her rebuild. Another family member bought a van & a new house - don;t know what they pay in finance charges tho. So there is hope