#bankruptcy

Dad is filing for bankruptcy, we have the same name and address.

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Dad is filing for bankruptcy, we have the same name and address. He is afraid it is going to complicate my life quite a bit. Factors at play: *My dad lives in a different state, but has been claiming domicile at my house. He used to own it, I bought it from my mom after they split about 8 years ago. *He and I have the same name (I am a “II”). *We went to the same two colleges, for both undergraduate and mas…

Reddit Personal Finance 705 2025-02-15

Bankruptcy Questions

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Bankruptcy Questions I’m going to be calling attorneys about filing bankruptcy soon and thought I’d ask here what I should expect out of it and whether there are any questions I should be asking. I am aware this is a poor financial decision. I’m making this choice in order to prioritize my mental health, which has spiraled downward and destroyed my life. I’m going …

Reddit Personal Finance 941 2025-02-08

EV startup Canoo has filed for bankruptcy

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EV startup Canoo has filed for bankruptcy Photo by NASA / Isaac WatsonCanoo announced yesterday it is ceasing operations “immediately” and that it has filed for Chapter 7 bankruptcy in Delaware. The EV startup estimates in its filing that its assets are worth $126 million and that it owes over $164 million to its creditors, TechCrunch noted yesterday. Now, the US will appoint “a Bankrup…

The Verge 615 2025-01-19

My co-signer on my car loan is filing for bankruptcy

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My co-signer on my car loan is filing for bankruptcy Looking for some advice.. my dad co-signed my car loan to get the best possible interest rate 4 years ago. Today, his financial situation has changed drastically and he needs to file for bankruptcy. Do I have to refinance my loan? I don’t want to lose my 2% interest rate and there is 2 years left on the loan. submitted by /u/Kkat90210

Reddit Personal Finance 338 2025-01-07

disabled sister is swimming in debt 2 years after bankruptcy

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disabled sister is swimming in debt 2 years after bankruptcy can anyone give advice for this? my 62 year old physically disabled sister collects credit cards and uses them to the max. she had a chapter 7 bankruptcy in 2023 and since then has run up another $17k in credit card debt. she also uses something called Rise credit which is at 60% interest rate. i now have her credit locked down but what can be d…

Reddit Personal Finance 1.2k 2025-01-03

[22] Dad [57] is filing bankruptcy but refusing to talk to creditors or be transparent about his debts. How do I protect myself/help him? I’m so stressed.

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Dad is filing bankruptcy but refusing to talk to creditors or be transparent about his debts. How do I protect myself/help him? I’m so stressed. See title. I don’t think he will even qualify for Chapter 7. He’s making $65k now at his current job (that he started 1.5 months ago) but was laid off November 2023 at a job where he was making $500k-$700k total compensation on average for the last 10+ years (sales). He received a severance package until this February. He bled his 401k dry He’s…

Reddit Personal Finance 728 2024-12-11

$203K in Debt (Credit Cards & Loans). Time for bankruptcy or try to climb out?

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$203K in Debt (Credit Cards & Loans). Time for bankruptcy or try to climb out? Long story short, I had to deal with medical issues which weren’t covered by insurance and then spent a year unemployed. Foolishly took out multiple personal loans and lived off credit cards while grinding to get another job. Was on the verge of filing Chapter 7 last week after much consideration and then finally received a job offer the same da…

Reddit Personal Finance 937 2024-12-07

Need help with FSA. My company went bankrupted and was bought out. I passed my FSA spend by date, I guess because of the bankruptcy? Did I lose my unspent funds?

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Need help with FSA. My company went bankrupted and was bought out. I passed my FSA spend by date, I guess because of the bankruptcy? Did I lose my unspent funds? I am looking for advice and guidance on my FSA situation. My company went bankrupt around August and was bought out in September by a new company. I had unspent funds left in my FSA account that exceed the carry over amount. On my FSA account it shows the spend by date in October. I have questions and looking for advice if it could somehow use t…

Reddit Personal Finance 939 2024-11-25

Ch 7 bankruptcy and future bank jobs

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Ch 7 bankruptcy and future bank jobs Hello, I’m panicking a bit. I filed bankruptcy 5 years ago. This was after a divorce and I literally had 0 other options. I have worked in banking for 12 years. I’m 30. It’s all I have ever done. I got my current job just fine after my bankruptcy without issue. However, I just got offered a new job at a different bank in their fraud department….

Reddit Personal Finance 514 2024-11-22

Low Cost Spirit Airlines Files For Bankruptcy, Promises All Tickets Remain Valid

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Low Cost Spirit Airlines Files For Bankruptcy, Promises All Tickets Remain Valid Spirit Airlines has filed for bankruptcy protection amid mounting losses and stiff competition from rival budget airlines. The American carrier has lost billions since the Covid-19 pandemic and will now work to restructure its debt while continuing to operate flights across the U.S. Read more…

Jalopnik 1.1k 2024-11-19

Spirit bankruptcy – flights booked?

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Spirit bankruptcy – flights booked? Will their news impact already booked flights? My family has tickets in December The Flights subreddit wouldn’t let me post this, and spirit reddit doesn’t exist anymore submitted by /u/nolablue1024

Reddit Travel 453 2024-11-15

Spirit Airlines Close To Bankruptcy: Report

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Spirit Airlines Close To Bankruptcy: Report Spirit, an airline known for its excellent service and in-flight animal entertainment is gearing up for a bankruptcy filing, according to the Wall Street Journal. Read more…

Jalopnik 670 2024-11-14

My mom is 69, is bankruptcy the best option?

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My mom is 69, is bankruptcy the best option? My mom has had a rough time the past 10 years and has about 50k in credit card debt. She’s 69, makes about 13k as a teachers aid and 12k social security. She rents and only owns a car that’s a 2011. No assets, retirement money or savings. I don’t know how many working years she has left, as she has some health issues and is not able to take on …

Reddit Personal Finance 517 2024-11-13

Marrying Into Ch. 12 Bankruptcy

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Marrying Into Ch. 12 Bankruptcy Currently engaged to a farmer in Chapter 12 bankruptcy. The farm was not in an LLC, everything is under him personally. He has already filed/has an approved repayment plan/is making payments to the trustee, but it will be a few more years until the process is over. We plan to be married before that. My question is, how would a marriage affect bo…

Reddit Personal Finance 717 2024-10-27

Bordeaux drop pro status after bankruptcy filing

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Bordeaux drop pro status after bankruptcy filing Bordeaux have filed for bankruptcy and dropped their pro team status just days after they were relegated to the third tier of French football and Liverpool’s owner withdrew from takeover talks, the former Ligue 1 club said on Thursday.

ESPN 358 2024-07-26