Business Bankruptcy Law | Small Business Bankruptcy Laws

I found a job which I thought would be good fit for me. I’m starting to realize that I work for a boss who is discriminating, an alcoholic and has made several attempts to come on me, I have not given him any responses. I have brought his business back to life because when I took the position I thought he was kind and honest and he made it seem like people had used him and taken advantage of him. Now I feel that he’s been playing head games with me because I wont give in to his advances. He told me directly that he wants me to hire someone for him who is "loose and easy" and other things which I wont mention. I usually dont pay much attention because he’s drunk. He’s constantly lying to people, things of which I know are not true. I’ve seen him watching porn at work. He is an alcoholic and sees patients while hes fully drunk. I would leave but Im having a hard time with this economy to find anything else. I also feel that he’s using me to fix his own problems and when hes not able to fulfill his responsibilities, he holds me responsible. He cant drive due to several DUI’s which I just found out about and asks me to pick him up and drop him off at home which is out of my way. I’be been doing it out of the goodness of my heart and having good work ethics. He’s going through divorce, bankruptcy and many law suits from previous employees. I really need the job as I am putting myself through school and dont have any other source. I have been praying and asking God for help. What do I do in the meantime ?
As an empath I feel he’s feeding off of me and draining me so I would give in eventually. What do I do, in the meantime? Please advice.

Thank you

Ahmedinejad of Iran and Chavez of Venezuela say OBL lives in the washington area with another identity and that in reality he is CIA agent and that 9-11 was inside job. They further say that OBL and Bush are business partners and have family friendship dating to 1980’s. Per their accounts OBL was hired as CIA agent to be the villian of a scripted plan for 9/11. OBL agreed to be portrayed as villian in exchange for large amount of money. Then after 9/11 US government said they found video tape where OBL is speaking of how he orchestrated 9/11 and how he made fun of the 9/11 hijackers. They say that videotape was part of the script too and all the people in that tape were just acting. And now to close the chapter they faked OBL death to relieve him of further role play of villian. The script said that the end will be as "sea burial". And it neatly wraps everything up.

My husband and I filed bankruptcy in 2007 due to my failed business; he has always been steadily employed but just traded up to a new, better job. I have been working at a law office for more than a year now, and we have a credit score of about 643. We have never missed rent, and have excellent landlord references. We would like to move closer to my husband’s work, but I am worried about our credit score effecting our chances (we are in our 40s by the way – quiet, no children, but have cats). I am trying to get an idea of how difficult it will be to get approved with a new landlord in Marin County (Novato area). Any suggestions/opinions?

I was in the Real Estate Business from 2005 to 2008.

I eneded up owing taxes for those 4 years to the tune of 18,000.

I got married in Feb. 2007 but my wife and I have never filed a joint tax return. NEVER!

In Sept of 2009, I filed for bankruptcy and it was discharged in March of 2010.

My wife is the only with and income right now. I have been trying to put together real estate deals with no luck as of yet.

My wife brings home about 2400 a month from her job and has a very small side business with avon and ebay. she may make an extra 300 a month off that, I am not sure, but it is not significant.

Our expenses are as follows

00 for rent
0 for car note
0 car insurance
0-600 food
0 Utilities
Term Life Insurance
0 Clothes
0 Misc

Note: We have a 9 year old son

We don’t have any saving at all but she does have a 401K with her job.

I have not brought in a dime since 2008 hence the reason I filed bankruptcy.

My question is… Do I qualify for non-collectible status and also, will they try and make my wife pay for my debts since she is working? Will they come after her bank account or wages
Also, I do not own a car. I sold it as a part of my bankruptcy in 2009.

We have no joint back accounts

We have never filed jointly on tax returns to keep or finances seprate.

Is my wife’s business income safe as well?

However I have 2 unpaid judgements from losing a business. (No bankruptcy or foreclosure) I also have a passing a bad check charge which was reduced to a class A misdemeanor (like a speeding ticket I believe). It was part of a nasty landlord dispute. I really need this job as since losing my business my family has really suffered. My question is. He can get me hired, but will I be able to pass the background test? I appreciate everyones help.

Chapter 1

“WHAT?!” My best friend screeched, dragging her feet to a stop on her swing.

“It’s true.” I sighed. “My own father, who is 4 points shy of a GENIUS, has been fired, which is RUINING my life.” I was telling my best friend, Cad Shern, about how MY daddy, computer genius, accidently crashed his whole business’s system, and got himself kicked out of WLC incorporated.

“That’s not all.” I whispered. “It also means Alt and I are being expelled from WLC school. (Alt is my 8 year old sister.)

Oh, I guess I forgot to introduce myself. I’m Shift Laimen. I’m 11 and 3/4 and am tall with short straight brown hair, and blue eyes. Daughter of Sarah and Wilbur Laimen. Wilbur Laimen, my daddy, is a computer genius. He works in a company (WLC) that builds and repairs computers. No one really knows what that stands for. Anyway, they have been working on a new computer, even better than a Macbook Pro. Last Thursday, my dad was testing the chat system on several different computers and accidently crashed them and erased all of the information on them. And there was ALOT of important information on some of them. So, yeah. He’s fired, and the school I go to is a school for the children who’s parents are in the company. This means we might have to move. There are no other schools in Monthill, Minnesota. It’s actually really small, most people have never heard of it. Daddy is looking for jobs in Freemand, the next town over. It’s not looking good though.

“Thats still not all.” I coughed.

“What? What else is there? It can’t possibly get worse.” Cad shook her head. She was biting her nails, a sure sign that she believed things could get worse.

“I’m probably moving.” I sighed.

“Where to? Freemand?” Cad’s nails had shriveled up to nothing.

“Hopefully. If my dad gets a job. You see, all of the adults are real angry with him. They don’t want him in the town anymore.” I shivered at the thought of leaving my home.

You couldn’t even see Cad’s nails now. Oh by the way, her name, Cad, stands for Control, Alt, Delete. That what you have to do when your computer freezes, on a PC. I know, some people in this company are real geeks. Including my dad. I mean, he named us after keys on a computer keyboard. A lot of people in this town are named like that. It’s pretty cool, if you ask me.

“You’ve got to stop doing that, Caddy.” I gestured toward her nails. “They’ll bleed.” I added. But we both know she wouldn’t care. Her phone beeped. She glanced at the text.

“I better go. Dinner’s ready.” She called as she ran away. “Bye, Shift.” And she was gone. I sat down on the swing, defeated. Because I had seen what the text message really said.

Chapter 2

“We’re moving. I found a new job in New York City. Won’t that be exciting?” My dad made the announcement at dinner one night.

“No.” I muttered. I was not surprised. I overheard Daddy telling Mom last night.

“What?” Alt whimpered. “Can’t I stay? I can move in with Carly. Or Deana! Pretty please? ”She whined.

“Alt, don’t be dumb, no on wants us here.” I slumped in my chair and closely watched my dad. He did not object, just looked down and swirled his potatoes around in the ketchup.

“Shift! That’s not true! We have lots of wonderful friends who will stand by us. A mistake is a mistake, no one is perfect. Forgiveness is the key, and…”

I tuned out the mom speech. When she was satisfied, I just nodded and apologized. Then I was excused. I went up to my room. I sat down at the big computer desk and stared at my unfinished homework. My essay on Microsoft’s monopoly would have been due today. I checked my email. None. I haven’t gotten an email in nearly a week. I signed into a chat room. It was Cad, Sam, Francis, and Qwerty. They all left when they saw my name. Except Cad.

yay4yellow: Hi

control.alt.delete.45: hey

yay4yellow: want to go to the park?

control.alt.delete.45: actually i have to go do geometry homework now. bye

yay4yellow: ok. bye.

control.alt.delete.45 has signed off.

So even my best friend was ditching me. Or had been told to ditch me. I laid down on my bed and stared up at the posters advertising the new computer my dad had been working on. I stood up and ripped them down, crumbling them into a giant ball and tried to slam dunk them into the can. I missed. Just then my mom walked in.

“Shift? I have a question for you.” Mom said, sitting down on my bed. She didn’t wait for me to answer.

“Where did you get the idea that we weren’t wanted here?” She asked, looking concerned. I buried my face in my pillow.

“I do not want to talk about it.” I said stubbornly.

“Come on.”

“No.”

“Shift!” She seemed angry. I gave in.

“FINE! Cad’s father told her to stay away from me. He said, if you’re with that Wilbur’s girl, get away from her. He said our family was nothing but trouble!” I began to cry.

“Did she tell you that?” Mom was back to her concerned mother face.
“No.” I sniffled, “I saw it in a text message. At the park the other day.”

“Oh, Shift I’m sorry.” My mother did not know what to say next. I could see it on her face. She is awkward like that. Good at lectures, but when the real trouble starts, not sure what to say. So she gave me a kiss and said I’d make new friends in New York. And then she left. I stayed in that spot, staring at the ceiling, until I eventually fell asleep.

Chapter 3

Well, the moving truck is packed. We are packed. We’re ready to move to 235, 12th street, New York, New York. I didn’t even say goodbye to Cad. All of our conversations were like the one we had in the chat room a couple weeks ago.

“Shift? Are we there yet?” Alt, the queen of whiners cried.

“Yeah. I think about 20 minutes.” I replied, checking my watch again. “One minute less then when you asked me last time.” I groaned. I tried to sleep. I woke up to the flight attendant saying we had begun to land so please buckle our seat belts. Alt grabbe

I am not sure what kind of BK atty to contact if any. I have a great job, make good money, and I have less than K in personal debt outside of my home. I am having to close down a small business. The problem is I have a personal guarantee on the business loan, lease, and equipment for the business. The equipment has enough equity to take care of itself, but it leaves the loan and lease. I owe roughly K on the loan, and have roughly 0K on the lease left. I don’t have any toys or extras, as my family leads a very modest lifestyle, and ultimately have fallen victims to the bad economy. The business is three years old, and we were on pace to have the business debt free within 5 years. We paid everything in advance, and now looking back was a mistake. All options to extend the debt and restructure have been exhausted. We are now going to be on the hook for almost 0K that we will never have means to pay off. I don’t know where to begin. Do I contact a business atty, a personal atty, or should I be thinking of other options. The loan is with an individual, while the lease is with a major leasing company.

This (both of us) is my 3rd marriage ( & we are EXTREMELY happy with each other – on a PERSONAL level!!) but in 2004 HE just HAD to have this house. It is a very solid house (built in 1978 -no pressed board here!) on 6 acres, he with unbelievable business potential. It has been valued at over 650,000.00 simply on location. We have a woman who owns apts. ‘next door’ (kind of across an acre of land her 30-something son ‘plays’ on) who has offered 0,000.00 for it. Sorry! We owe about 5.000.00 on it. So, we HAVE to get AT LEAST 0,000.00 to maybe 0.000.00 to even make any headway on it. Plus (and this is the bad part!): my daughter OWNS the property and had to declare Chapter 13 last October, 2007! And then the interest level increased & now we have an over ,.000.00 a month mortgage pmt on this place!!!
I have a very prosperous daycare business in one of the rooms – but every penny I make goes to bills/mortgages. And to pay my spouse’s bills over the past winter – because he wouldn’t get an alternative job (other than what he WANTS to do??!?) to pay his OWN bills!!!

Now I am needing some input from some one objective (other than kicking hubs to the curb – there is some significant histroy there that I won’t divulge at this time) as to whether or not I should sell to the "apt. lady" who wants it semi-desperately, or to just wait for the other shoe to fall & get foreclosed upon.
I’m sorry – I had to read what I’ve already said to make sure it was OK!

Anyway, daughter is paying the Trustee & I have not been able to get the mortgage $ together for the past 4 months because of shelling out to hubs.

The main question here is: should I sell out to the apt lady for WHAT PRICE & TRY to lease/purchase another house I’ve found (very perfect for my type of daycare business where we could also live), or just wait til the other shoe from the mortgage co. drops?
This other house is only ,600.00 a month & it makes me dizzy thinking about the "disposable income" we would have then! Oh, and I WILL NOT/CANNOT leave my hubs – as I said, there is history there I prefer to keep private. Thanks, though!
Thanks. Jeff. We have tried that & nothing has come of it YET. The timing seems all wrong to make it work – hubs is one of those who can’t let go of something once he thinks he has it – I am the total opposite (as far as only material things are concerned!!) .

What worries me is that this house I found will be sold before I move on it. It is actually a "Flip This House" house! You know – the show that re-does houses to sell? It’s in a high traffic area, horseshoe drive, perfect layout for a daycare (FIVE bedrooms!) & is. of course, in pristine condition! I am in H*ll about this!!!

I own a condo in my name only where I lived before we got married and it is currently rented but it is always a couple of hundred dollars less than the mortgage and the association dues. I doubt I could sell it in this economy. I came into this marriage with over ,000 in unsecured debt. My only other asset is approximately ,000 in a 401k. My husband pays for the house, our household expenses, my insurances and most everything. The money that passes through our household is approximately 0,000 (my portion being ,000) but our expenses are right up there. He has a business, mortgage, a couple of employees, but with the declining economy and less business being generated, we are basically working to support the debt.

I live in Georgia and if I could file for bankruptcy, without my husband AND without making him in any way liable I would like to do that. Here’s a couple of deal-breakers on the whole bankruptcy thing for me:

* I do not want my work to know — not critical to the job but just embarrassing. No payroll deduction.

* Is a legal notice in the newspaper a must for Chapter 13?

* Would my debt be reduced or canceled altogether.

* I am not behind in my payments — yet —- but it sure is squeaky tight here.

What do you all recommend for someone in my position.

Thanks in advance for your help.
For those that wondered how I got into debt: former marriage where my ex left me with ,000 in debt, other medical bills and having to do it all by myself. Have great credit but I am suffering anymore. You have to walk a mile in someone elses shoes before you judge.

I never forget, at my previous job, guys sitting at the table were discussing if this country should go to war with Iraq or not, some people at the table thought it was a good idea, lets just expend over 3 trillion dollars, banks are full of money here…..its amazing that the world is full of stupid people, according to economist Joseph Stieglitz the money spent could have been used to make this country better, and damaged the economy. I remember arriving here as a 14 yr old Cuban teenager, I’m not a college graduate, but in my humble opinion, bad management damaged this country. I could never thought that this country will find itself in this horrible economy, with 15 million people unemployed, millions losing their houses, no salary increases in the last 10 yrs, some of my cuban friends in Miami told me that they will be doing bankruptcy and the hell with the houses. Many of the Cubans that I have met, including members in my family, one of the reason they became millionaires is because, like some of them told me, they came to a virgin country, back in the 60’s, many of them, never been to school, can,t speak English, but they worked hard, had businesses and came to a very prosperous country.
The U.S.A is not a virgin country anymore, 40% of people only have about 100 bucks left after they pay all expenses……..bad management…killed the best economy that humans have seen in the world( the usa economy of the 60’s, according to economist)..
Don,t forget,,,next time you say invade…send american troops….don,t forget the U.S.A dept is i think around 13 trillion dollars…..a very small number…jajajajajajjaj…(i don,t think so)

bye now.

I really need help out in this question.

Joseph has lately graduated from a university with a degree in BA, but wasn’t be able to find a job. He has decided to file a Chapter 7 petition with the Bankruptcy Court. He has the following assets:

a. a 0 ring.
b. 00 in equity in a condominium secured by a mortgage.
c. 0 a week in unemployment benefits after being laid off from his job.
d. 0 in business administration books, including a hardly used copy of Business Law.
e. a ,000 retainer for his teeth prescribed by his orthodontist.
f. ,200 in equity in a new car which he purchased with a loan from the bank.

His debts are as follows:

a. ,000 in student loans.
b. ,000 to the bank for his car. The loan is secured by the car.
c. ,000 in unsecured credit card debts.

What can he keep. What will each of the creditors receive? Explain
State: ALABAMA

My husband and I are filing for Chapter 13 bankruptcy for a failed business (dog boarding).
My husband works in another town and we own a property 150 miles away where I am staying. He rents an apartment in that town and sees me on the weekends, which mentally, physically and emotionally is hard on both of us.
My son went to school for the last year in a school (where I live) that really damaged him and is not going back there, he is staying at my mom’s house and going to go to school at a better school with her.
We want to move as it is tough enough to be separated, but tougher now that my son is going to be away from me.
Our house that I am living at has appreciated in value, and we want to move to the town my husband’s job is in.

Thoughts? Suggestions? Problems you see?

-my wife got hit by a car while riding her bike on the sidewalk.
-we got a lawer to handle the case.
-he got her going to a chiropractor
-she was seen by an orthopedic surgeon and he found she had a torn miniscus
-she wasnt on my car insurance because she doesnt drive, although she has a driver license for identification purposes.
-the lady that hit her’s insurance was geico and the we requested them to tender policy limits…which are ,000
-they approved it and the release was executed.
-the hospital bill one night came out to ,000
-the 10 min visit to the orthopedic was ,500.00
-the therapy for 3 1/2 mo was about ,000
-MRIs are about another 00
-and the lawer fee ,333.33
-my insurance paid about ,000
-unfortunately we do not have health insurance.
-if we go after the lady that hit her, her only asset is a house that costs about 0,000 in the market right now. The lawyer suggested not to because the lady could just file for bankruptcy…she recently had forclosure on her home.
I feel were getting ripped off.
-I want to know what can be done so my wife is not in dept and her credit doesnt get destroyed…I feel our lawyer could care less what happens to us, he just wants his 1/3. the check for 10,000 came in from geico and he had us come in to sign it. He says he is going to try to negociate the amount that we owe from the different parties . we going to probably end up with less than 00. This has really affected our marriage because not only is she still in pain she lost her job but we are going to be in more dept than we already are. She didnt choose to get hit by that car riding her bike on the sidewalk. how much control does the lawer have of our money after he deposits it? once the check clears "7-10 business days" we have to come back and sign this paper stating what is owed… Does he get total control of our money? Say, can he still pay off his medical buddies without our authorization? I dont care about his part. I will pay him with no problem… What gets me is paying his medical people which he recomended to us…the chiro just touched her back less than a minute and they would just put heat pads and electricity. they never really did physical therapy massaging or anything. What did we get out of our misfortune? That for doing the right thing after an accident, getting an attornery. He just played the cards for the insurance to pay, then for him to pay off himself and his recommended medical specialists and we get hardly no compensation for the pain my wife still suffers after accident and our lost wages? This is crazy. What can be done at this point? I would not want to work with this lawyer again because on several occasions he was nasty to me over the phone telling me my "case just sucks", and scolding me ‘how could i not have health insurance for my wife?" I told him i dont even have it myself and neither do 47million americans.

Assume it is Monday, May 1, the first business day of the month, and you have just been hired as the accountant for Colo Company, which operates with monthly accounting periods. All of the company’s accounting work is completed through the end of April and its ledgers show April 30 balances. During your first month on the job, the company experiences the following transactions and events (terms for all its credit sales are 210, n30 unless stated differently):
May 1 Issued Check No. 3410 to S&P Management Co. in payment of the May rent, ,710. (Use two lines to record the transaction. Charge 80% of the rent to Rent Expense—Selling Space and the balance to Rent Expense—Office Space.)
2 Sold merchandise on credit to Hensel Company, Invoice No. 8785, for ,100 (cost is ,100).
2 Issued a 5 credit memorandum to Knox, Inc., for defective (worthless) merchandise sold on April 28 and returned for credit. The total selling price (gross) was ,725.
3 Received a 8 credit memorandum from Peyton Products for the return of merchandise purchased on April 29.
4 Purchased the following on credit from Gear Supply Co.: merchandise, ,072; store supplies, 4; and office supplies, . Invoice dated May 4, terms n10 EOM.
5 Received payment from Knox, Inc., for the balance from the April 28 sale less the May 2 return and the discount.
8 Issued Check No. 3411 to Peyton Products to pay for the ,098 of merchandise purchased on April 29 less the May 3 return and a 2% discount.
9 Sold store supplies to the merchant next door at their cost of 0 cash.
10 Purchased ,074 of office equipment on credit from Gear Supply Co., invoice dated May 10, terms n10 EOM.
11 Received payment from Hensel Company for the May 2 sale less the discount.
11 Purchased ,800 of merchandise from Garcia, Inc., invoice dated May 10, terms 210, n30.
12 Received an 4 credit memorandum from Gear Supply Co. for the return of defective office equipment received on May 10.
15 Issued Check No. 3412, payable to Payroll, in payment of sales salaries, ,320, and office salaries, ,150. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are ,220 (cost is ,200). (Cash sales are recorded daily but are recorded only twice here to reduce repetitive entries.)
15 Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. (Such items are posted daily but are posted only twice each month because they are few in number.)
16 Sold merchandise on credit to Hensel Company, Invoice No. 8786, for ,990 (cost is 1,890).
17 Purchased ,650 of merchandise from Fink Corp., invoice dated May 14, terms 210, n60.
19 Issued Check No. 3413 to Garcia, Inc., in payment of its May 10 invoice less the discount.
22 Sold merchandise to Lee Services, Invoice No. 8787, for ,850 (cost is ,990), terms 210, n60.
23 Issued Check No. 3414 to Fink Corp. in payment of its May 14 invoice less the discount.
24 Purchased the following on credit from Gear Supply Co.: merchandise, ,120; store supplies, 0; and office supplies, 0. Invoice dated May 24, terms n10 EOM.
25 Purchased ,080 of merchandise from Peyton Products, invoice dated May 23, terms 210, n30.
26 Sold merchandise on credit to Crane Corp., Invoice No. 8788, for ,210 (cost is ,230).
26 Issued Check No. 3415 to Perennial Power in payment of the May electric bill, ,283.
29 The owner of Colo Company, Jenny Colo, used Check No. 3416 to withdraw ,000 cash from the business for personal use.
30 Received payment from Lee Services for the May 22 sale less the discount.
30 Issued Check No. 3417, payable to Payroll, in payment of sales salaries, ,320, and office salaries, ,150. Cashed the check and paid the employees.
31 Cash sales for the last half of the month are ,052 (cost is ,500).
31 Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and crossfoot the journals and make the month-end postings.
Required
1. Enter these transactions in a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, or a general journal as illustrated in this chapter. Post when instructed to do
so. Assume a perpetual inventory system.
2. Prepare a trial balance in the Trial Balance columns of the work sheet form provided with the working papers. Complete the work sheet using the following information for accounting adjustments:
a. Expired insurance, 3.
b. Ending store supplies inventory, ,632.
c. Ending office supplies inventory, 4.
d. Depreciation of store equipment, 7.
e. Depreciation of office equipment, 9.
Prepare and post adjusting and closing entries.
3. Prepare a May 2005 multiple-step income statement, a May 2005 statement of owner’s equity, and a May

in 2004 i bought a house and had it put on 2 acres of land that i owned out right for over 15 years, in 2008 the house burned down and was considered a total loss by the fire dept and the insurance adjuster, i sent the insurance proceeds to the mortgage company who has done nothing but give me the run around bouncing me from one dept to another, after nearly 18 months the mortgage company went to court and foreclosed on the property then 4 months later went back to court and had the foreclosure sale set aside, i have asked the mortgage holder to send me a statement of the total amount owed on the loan but they wont send me any thing in writing, when i asked for a statement saying they received the insurance proceeds they told me to write a letter requesting the information so their LEGAL DEPT could review it and decide if they could release the information to me. i had replacement insurance but would not rebuild because of the shitty way this company has done business with me. i have filed a complaint with the better business bureau the banking commissioner and the insurance commissioner in my state. we all know the banks do WTF they want to do without restraint that’s why our economy is so F$$$$D up, i don’t have the money to hire an attorney as it has taken all my every thing to try and put my life back together, i lost my job in december and im really struggling to get by with my son. Im beginning to get very depressed and would like to put this behind me so that i can move on with my life. if there is any one out there that can help me i would appreciate it and will pay you what i can. the attorneys that i have tried to talk to want hundreds of dollars just to talk to me then want thousands to help me. i tried filing bankruptcy but was told i needed the financial info concerning the mortgage the total on the loan was 90988 when the house burned down the insurance proceeds were 75000, but now with all the legal fees late fees and other bullshit i have no idea how much it is. i just know its a mess and all i do is cry, is there any one that can help me please!!!!!!!!!!!!!!!!!!!!!!!
HAD MORTGAGE INSURANCE THE ISSUE IS NOT THE LOAN THE ISSUE IS THE MORTGAGE COMPANY WONT PROCESS THE PAPERWORK NEEDED TO SETTLE THE CLAIM!!!!!! PLEASE PEOPLE NO MORE STUPID ANSWERS, IF YOU DONT HAVE ANYTHING USEFUL DONT ANSWER MY QUESTION. GOT ENOUGH BULL ALREADY. THANKS
THE COMPANY IS WELLS FARGO, I JUST WANTED TO KNOW WHAT THE BALANCE WAS ON THE LOAN AND HAS TRIED TO WORK OUT PAYMENT ARRANGEMENTS BUT I CANT BECAUSE THEY WONT GIVE ME ANY INFO,

My question is, how do I get out of a checking account that i co-signed, never used, don’t even know the account number, and now it has been reported to ChexSystems. My own personal accounts for 11 years are closing because my step dad had a negative balance, and ChexSystems has reported it to my accounts. Overdraft fees that he never paid had snowballed to a whopping 0. I never got notices or phone calls from the bank he owed…and don’t get me started with credit cards. I am 000 in debt all because of him. He hid these cards from me until they were in the verge of going thru collections…I have a great job, I’ve always paid my bills on time and had a good credit score…now, I’m forced into bankruptcy (Chapter 13) and he has left me in the dark. How do I stop my own banks from closing my personal accounts? Thank you so much in advance for answering my questions.
By the way, my step dad doesn’t have anything on his name. To be honest, he went to jail for 3 years for fraud. I thought he changed and I wanted to help him put his life back together. Biggest mistake of my life.

My fiance and I have been engaged since last July. He lives 2 hours away, and lives with a relative of his. Anyway… Recently, his relative who owns the house, has invited 2, (maybe 3) other people to live with them. 4 grown people sharing a small house with one bathroom and maybe 3 bedrooms could be quite.. uncomfortable. In addition to that, they started out with 3 dogs, and the new people brought 4 more, so there’s also 7 dogs there as well. My family is already hard on him, because we met online and there’s an age difference between us. If they found out about his, it wouldn’t help either of us at all.

Last year, he lost his job as a manager at a bar&grille because it went out of business. The relative he lives with was the owner. He was on unemployment for a little while, and now has the fortune to be working full time at Giant. However, he has to be working at least 45 hours to pay his bills. It seems to me, that he’s the only one there that has a job, and he can’t afford to pay ALL of the bills by himself. If the others are paying rent, she’s not using the money for bills. His credit card bill is going up, and he can’t afford to pay it back, because he has to spend his pay checks on the bills that he shouldn’t have to be paying on his own to begin with. He’s trying to find another, higher paying job, but obviously, that’s not an easy thing to do. He wants to get out of that place, but he can’t afford to move. His relative won’t give him his W2 so he can’t do his taxes, apparently because she owes them money. He’s convinced that eventually, he’s going to be so far into debt, he won’t have a place to live, or a car to drive, or a way for us to keep in contact, much less marry. And, if his relative won’t give him his W2, he can’t do his taxes, and he might have to go to jail.

I work part time as a local grocery store. I just bought my first car, and I’m spending most of my own money on my insurance and phone bill, and gas. I want to help him, but I can’t, and he won’t let me. I suggested declaring bankruptcy, if he had to, and he said that that would destroy his credit, and he won’t be able to get anything anyway.

Is there anything at all that I can do to help him get passed this? It is extremely difficult thinking that eventually I won’t be able to contact him for an indeterminable time. Perhaps, this might even bring the end of our relationship. Any helpful suggestions, financial or otherwise, would be greatly appreciated.

The couple was together for 11 years before the wife found out he was living a double life. He uprooted her and their child from the USA to live overseas to get more money from his job she didnt know about and have their home paid for, then he claimed broke (she trusted his word about finances and never checked since he was a high official in the FBI and never gave reason for mistrust). Wife went back home to close business for a month then she filed for bankruptcy because the business was failing due to economy, and her having to deal with it alone since the husband stopped caring about anything. He used all his money to provide for other women’s businesses overseas and paying for their familys. He was making almost 200k a year, and was suppose to have a second child with the wife the year she found out his ongoings. She picked up and fled the overseas country in fear of her life and her child being "stolen" back overseas. She was with him from the begining of his career, he purchased a house (that he lied about her name being on) near the wife’s family before they were married so they could be near them once they were. The state she is in doesnt recognize common law marriage and has been married for 7 years. He said he would provide financially for her forever (she has medical issues and now deals with getting herself together emotionally for her child after her world was turned upside down). Since she found out, he has completely changed and his academy award performance has turned to hate toward her, and even has said he was never meant for family life, and has decided he wants to stay with a girl that he has been having sex with from the time she was 15 and is now almost 19, then he asked the wife "what if I want to marry again and have more kids with someone else?". He mistreated the child in his behavior, never being home and claiming it was work, and bringing the child around the many women he was having sex with at the same time while the wife was in the USA closing their store. There is much more to this story, but these are some of the highlights. I couldn’t believe it until I saw it on paper and in pictures. What are your thoughts?
@ Bill – not to live free, she has medical issues and is dealing with more emotional issues than she ever imagined that’s placing even more physical stress on her body. She has been her dependent for the entire time of their relationship. Now being a single mother, if she is able to remarry, then of course she wouldnt continue to receive support, but should he have to until then. Considering he dropped her and their child off to live in her parents house (who were considering divorce themselves and the home was unstable) and they live in the basement of a relative’s home now since there were renters in their marital home, and even after they moved out the house was in horrible need of repair and had flooded with mold and everything. I feel so bad for them =(
@ ♫™!eM O’ LiL tsuJ♥ – two to divorce? I think I’m unclear…are you saying it was her fault she is seeking a divorce? Are you also suggesting that the person in fear of their and their child’s life should remain with this husband in order to continue receiving medical and financial support? Please tell me what you mean.
@ Lauraa – she does want to learn new skills to help herself help her child, but, the husband was making almost 200k a year, & spending most of it on other women prostitues and under aged girls. They were living in a huge home overseas with nannys and gardeners. She is not spoiled, and worked all her life until he suggested she stopped and they work on having their family. Even there he didnt want her to work bcuz of her health issues, and now add to that depression. Some health issues she has she was born with, then 2 more huge issues came up after she came back from overseas and had a full check up (so yes its almost lucky all that happened so she could find these issues and get them addressed). I don’t think of course she wants support IF she is able to remarry (which is less likely since she does have a child, health issues, and is in her mid 30’s). She is also faced with having a surgery that will help one of her problems, but could make her sterile. She wanted 3 kids w him

personal bankruptcy! Something totally unrelated to my new business! However, when I try to apply for a business credit card, I keep getting denied cuz of my personal bankruptcy (I guess they use my ssn cuz it’s a proprietorship versus an LLC. or corporation). Am I totally hosed? Or should I open a debit card thru my bank with my business name to keep track of my records? But, how do I keep seperate my deposits from my current job versus my new business? Thank you

My hubby and I have had a tough year, recovering after an affair, family issues that we cannot get away from…small town, not a lot of jobs…everyone knows all of your business…it just seems your own problems are always compunded by everyone elses problems as well. We had to file bankruptcy last year and then he lost his job and we had to come out, our variable interest rate has almost doubled…so our mortgage is ridiculous, and with the bankruptcy refinancing is out of the question. Paying our mortgage and utilities has become draining, and if anything messes up at the house, it is VERY difficult to be able to afford repairs, it is draining. We have started talking about maybe making a move and going somewhere with better jobs and schools, like…starting over. The problem is selling our house, I do not know if we could make what we owe on it because of accrued interest while we were in bankruptcy. I am almost to the point to just let the bank take it, I mean we already have
already have ruined our credit with a bankruptcy. We have renewed our vows and I am just ready to make a fresh start somewhere…am I crazy? I just want to get away from the small town drama and all that it is about. Anyone got any thoughts or ideas?