#bankruptcy

Can I file for bankruptcy to get off a cosigned home loan?

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Can I file for bankruptcy to get off a cosigned home loan? I cosigned on a house with my grandma for my parents. My dad said he would refinance in a year. Now he won’t talk about refinancing. I need to get away from him. He is abusive to me. I can’t live in the house alone either because my job is two hours away. And I can’t pay the mortgage by myself. I can’t see any other way to get off the loan. I’m …

Reddit Personal Finance 1.3k 2024-03-23

How to begin the bankruptcy process

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How to begin the bankruptcy process Hello fellow Redditors! Like many of you, I have tried for years (close to a decade) to break even, and I have never made it. I’m closing in on 40 years old and I’m tired of it. I would rather take the 7 year hit on my record than to continue on like this. My credit has gone to shit, so that won’t matter anyway. I’m not married, don’t have kids…

Reddit Personal Finance 1.2k 2024-03-17

Would you file bankruptcy?

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Would you file bankruptcy? I made a lot of terrible choices. 3 years ago I was making 120k. Covid happened and my workplace has yet to recoup, leaving me with 68k a year now. I have 55k in credit card debt. At least half was from medical and dental care. I have one personal loan for 15k and a car loan 26k. I have 3 kids and can barely afford rent/food at this rate. I don’…

Reddit Personal Finance 745 2024-03-16

Rebuilding credit score post-bankruptcy after 3 months…

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Rebuilding credit score post-bankruptcy after 3 months… I was discharged from bankruptcy early August 2023. My score naturally is god awful, so I cannot easily access any sort of credit (from popular credit cards etc anyway) and will likely not be able to do so for a long time. However, I have managed to be accepted for credit from company called Credit Spring. I have to pay £7…

Reddit Personal Finance 502 2024-03-12

The WeWork soap opera’s latest episode includes filing for bankruptcy

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The WeWork soap opera’s latest episode includes filing for bankruptcy Illustration by Alex Castro / The VergeCo-working office space provider WeWork has filed for bankruptcy covering its locations in the US and Canada, and in a filing, it said it had liabilities of between $10 and $50 billion. It’s the latest turn for a company that went from being valued at $47 billion in January 2019 to unsuccessfully attemptin…

The Verge 1.1k 2024-02-19

Bankruptcy 13 filing interrupted by a car accident

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Bankruptcy 13 filing interrupted by a car accident Here’s the situation a good friend of mine is in right now: -$42k of credit card debt, got sued by one of the banks so had to file bankruptcy 13 today -House owner, car owner. Without the car, has to pay 11k. With the car (paid off), had to pay 31k. -Coming back from the bankruptcy lawyer 2 days ago (Before filing it today), gets in a car accide…

Reddit Personal Finance 391 2024-02-01

Debt consolidation or bankruptcy?

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Debt consolidation or bankruptcy? Need some advice and it boils down to the question in my title. Should I file bankruptcy or should I take out a debt consolidation loan? Three months ago, my husband and I had little debt. Little debt equals little stress. The warranty on our car was expiring and he was a rideshare driver. We quickly learned that rideshare was hurting us more th…

Reddit Personal Finance 651 2024-01-08