helpjenna asked:


I’m a college student in my junior year. I live in an area where most businesses are student-friendly and flexible with hours, but I cannot get a job that pays a high enough amount to cover cost of living.My parents pay tuition and books, but I pay everything else-phone, car insurance, untilities, rent, groceries, gas, etc. My problem is that I’m in debt-about $2000-but I can’t keep up with any payments. Currently, I make enough to make rent and utilities and I basically don’t eat. I don’t qualify for foodstamps, but my credit has become so bad that I don’t qualify for any credit cards. My parents will not cosign a student loan, so I don’t qualify for one & they make enough money that I don’t qualify for FAFSA.
I’m considering declaring bankruptcy but I don’t really understand what that means. I’ve looked around a little online& found debt consolidation sites & even someone that says you can convince the credit companies/agencies to take $700 for a $1000 debt. Opionions/help plz
The buses don’t run enough for me to not use my car and I’ve already cut my phone usage back to nothing but emergencies. Most of my debt is gas (to get around and to go home for holidays) and groceries. I’ve stopped going out a long time ago because my bills were piling up but I can’t seem to catch a break or get any help.My parents said I got myself in this mess and I need to figure it out myself. The thing is, I qualify for the state to pay for my classes, so if they had just said they’d pay even part of my rent I wouldn’t have had to get credit cards just to feed myself!
Sorry if that sounds rant-y but that’s how i feel. I understand that they just wanted me to learn financial responsibility, but I haven’t had any kind of allowance since i was 10 and have been buying toiletries, shampoo, clothing, and lunch/food for school, and school supplies for myself since I was 13. I know it sounds ungrateful, but i just resent it when kids say “its okay my dad/mom pays the bill on this:
I have filled out the FAFSA forms every semester since I started college and am always mailed back a letter saying I don’t qualify.

I don’t have a long enough or good enough credit history to get a student loan without a cosigner
I have filled out the FAFSA forms every semester since I started college and am always mailed back a letter saying I don’t qualify.

I don’t have a long enough or good enough credit history to get a student loan without a cosigner

de tamz asked:


Can a large public debt cause the bankruptcy of the government,making it unable to meet its financial obligations? WHY?

golden_fire_lizard_for_you asked:


I work for a company that has had quite a few people declare bankruptcy on what they owe us, then as soon as the bankruptcy is discharged, they expect to come back as a customer. We are not a utility company or anything necessary like that. I was wondering, if we have to write off their debt, can we refuse to do business with them in the future?

migueljuan asked:


I currently owe $45,000 in student loans and I am having a hard time paying them off. The loans are private (sallie mae) and I am not elligible for consolidating them via federal loans since I am not a US citizen. I was not able to get a visa so I had to leave the US. I live in Europe now.

I understand that declaring bankruptcy would not cancel out the student loans, but I have read that bankruptcy could cancel out credit card debt. I have a good credit score (790), so given some time, with an even higher credit score, I may be able to transfer my loans to a few credit cards.

What are the laws regarding credit card debt and bankruptcy? What difference does it make that I am not a US citizen and do not live in the US?

Bride to be asked:


My father passed away 6 months ago. He was only 48, my mother is 52. She cannot collect on his SS. And they had filed bankruptcy two years ago. First the bankruptcy lawyers said they would lower her debt payments, since my father is deceased. Now they are saying that they can wipe her debt away yet she will have to pay off my fathers’ debt. Can anyone elaborate as to why they would clear her debt but still make her pay for his?

kc asked:


After I filed bankruptcy, an woman I used to work with told me she went to a seminar about rebuilding credit after bankruptcy.

She was told you should hire a lawyer to clear off all the debt that bankruptcy cancelled, from your credit record.

Every site I’ve checked says it can’t be done.

Has anyone done this, and if so, how did you do it?

Xulu asked:


I was the mediator for a friend to borrow money from my uncle who has his own business, the loan was disclosed using the company’s name. She is now filing BK and has included my name in it, not the name of the person who actually lent her the money (since she has lost any document indicating the name or amount of her debt). Can she submit this debt to be included in bankruptcy without documents indicating the creditor’s name and the amount of the debt? since she is trying to find out what is the name of the person she signed the contract for?

Juliette B asked:


Can an individual eliminate credit card debt by declaring bankruptcy? I didn’t think you could wipe it out, just get the bill collectors off your back. But, someone told me that it depends on which chapter of bankruptcy you use. The right one WILL eliminate credit card debt. I know someone who has $80,000 in credit card debt and they are trying to do that to get rid of that debt! Is it really possible? Are there any restrictions in doing this. Can you ever get a credit card again if you do it?

Jon B asked:


I am filing bankruptcy and someone is claiming that I owe him some money. If I just go ahead and file the amount on my bankruptcy, can he dispute my right to claim this debt on my bankruptcy and potentionally have a court rule that I must pay him back? He is claiming that this is possible. Thanks in advance!!

Daniel B asked:


An individual declares bankruptcy and debt is discharged. Does the firm have a legal obligation to write this debt off? Can they maintain the debt on their books?