How did it benefit you? What are the different types of bankruptcy? I do not understand any of them?

I filed Chapter 7 bankruptcy over a year ago and was granted the discharge. It was granted with intent to keep my house/mortgage (payment was very high-which allowed for a chapter 7 and not chapter 11). I never signed a reaffirmation agreement with my lender and the house is at an adjustable rate (currently at 9%) and i have fallen several months behind. The balance owed on the home is almost double the value. My question is: If I walk away, am I responsible for the difference in value--or am I covered from Chapter 7? What about the premise of me granted chapter 7 because of the large mortgage payment--will I be responsible for paying back some of the other debt because I dont have the mortgage payment--or is that all done with since chapter 7 was already granted? Thanks for any help (losing a lot of sleep!) thanks!--that is correct, I never signed a reaffirmation agreement and never went to court for reaffirmation. I did reaffirm my Automobile for which I had to go to court to reaffirm. Also, I called my lender and they had told me that I would not be liable for the difference of $ because of the chapter 7 and the fact that we never agreed to a formal reaffirmation. Now the hard part is to find a rental with a bankruptcy on file.

I'm a self employed plasterer struggling to find work.With so many financial commitments,ie advertising contracts and vehicle finance to pay,pressure is really mounting on me. I've already exceeded my overdraft limit.Do i throw the towel in?

any cases or places where those cases are listed?

I'm 22 years old and in about £20,000 debt. i am barely able to pay all my bills each month and it's really starting to get to me now. i have no assets so it isn't like i'll be losing my home or car and i'm thinking i'd rather make myself bankrupt now and sort out my debts while i'm young instead of trying to manage my debts for years and just probably ending up getting myself in to worse and worse debt. do you think bankruptcy would be a good choice for me? any advice would be greatly appreciated, thanks My debts started out alot smaller years ago and actually have got this big just from getting loans to pay off other debts so i dont want to get anymore loans. My credit rating is worthless already because my previous bank closed my account and as for wanting to get credit again anytime within the next couple of years i think that would be stupid seeing thats why im in this problem right now and never want to do this to myself again

I dont own anything, no car no home can I do this?

Kinda irks me. I mean, who will ever forget their CD's being sold at $18.99 a pop? Oh, the fact that a person had to jump through hoops just to rent a video from their store gives me goosebumps of warm memories!

what happens?

I need to write an article about iceland's three largest banks going bankrupt, and how iceland is in economic turmoil. But, I can only find articles that are a follow up on the main breaking news story. Does anyone know who (or what source) first broke the news about iceland, if you can add a link that would be great, but is not necessary. thanks ever so.

Bankruptcy and taxes? I wanted to know if someone could tell me how filing bankruptcy will effect my taxes the next year. Do I have to claim everything that was discharged as income? Personal and professional experience would be a great help. I just want this part of my life to be over so I can move on. Thanks.

I wanted to know if someone could tell me how filing bankruptcy will effect my taxes the next year. Do I have to claim everything that was discharged as income? Personal and professional experience would be a great help. I just want this part of my life to be over so I can move on. Thanks.

I'm contemplating bankruptcy because my husband became unemployed and can't pay our mortgage and either can I since I have been paying the car payments and other bills to keep us surviving (water, electric, food, car payments, car ins. gas). If we file bankruptcy, but I'm still able to make the car payment can I keep the car or do I automatically lose the vehicle in the bankruptcy (Florida law). Please no comments about forget the car and pay your mortgage; its way to high and I'm on a secretary salary not to mention they just raised the health insurance costs at my place of employment! I need transportation for work and can always rent. Also, no need to remind me how screwed my credit is...if you know just answer the question about keep a financed vehicle in bankruptcy...I have a low car payment so its feasible for me. Well its not over until the fat lady sings...she's a hummin but I'm going to continue paying all my creditors. We are trying to get the bank to recalculate the mortgage at a lower affordable rate since my husband is working now. If that doesn't work we get the boot and rent somewhere...hopefully someone will rent to us with screwed credit. Now I know why people blow their brains out in these situations...its so frustrating and sad.

I have a question. I need to get a clear answer if anyone knows. If I file for bankruptcy will it affect my spouse even if none of the bills are under her name? Creditors can object too I heard? thanks someone told me that it will affect my spouse's credit even if i'm just filing for myself?.... Bart M, I can not keep up with any of my bills anymore. I have so much bills ranging from my kids dentals, hospitals, credit cards, etc... it's too much.

I own a classic 1971 SS 454 and I was wondering with the fall of GM.... could this perhaps effect the value of my car?

Is bankruptcy a public record? If so, where would you go to find out if someone has filed?

Do you feel better now? Or are you just standing in line to by one of those $40k voltes that they hope to figure out how to make and are banking on (with your money) people to run out and buy? http://news.yahoo.com/s/ap/20090102/ap_on_bi_ge/gmac_financing