| Subject | Date Asked | Expert |
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| Question | 6/2/2009 | Ontrack Financial Group llc |
Q: What does it mean when I receive a letter stating "Order Vacating Automatic Stay"?
A: Automatic Stay: An injunction automatically issued by the bankruptcy court when a debtor files for ...
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| Over my head! | 5/31/2009 | David |
Q: I'm not sure why you didn't respond to my last question!!! I need help! I made the decision not to ...
A: You have a lot of questions here...hopefully this covers most of them. Creditors can only take from ...
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| Bankruptcy and back child support | 5/27/2009 | Ontrack Financial Group llc |
Q: My ex husband filed for Chapter 13 bankruptcy in Louisiana in February 2009. He owes me almost ...
A: Under Chapter 13, the Bankruptcy Code considers the debtor's earnings as property of the estate, ...
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| credit card apr increase | 5/25/2009 | David |
Q: I have 3 credit cards, Discover (6k) @15%, Chase Visa (9k)@15.65, Chase MC (8k)@10.24%. If that's ...
A: 15 % of your score is based on length of credit history. 30% of you score is based on utilization ...
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| Garnishment | 5/24/2009 | David |
Q: My husband had a stroke in April 2006 and accumulated a $12000 hospital bill as we had just moved to ...
A: Lena, the first step you should take is to talk to a local Bankruptcy attorney and find out if you ...
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| how to raise my credit score | 5/21/2009 | David |
Q: I have a low credit score. I filed ch7 bankruptcy in 2002. I have several paid collection ...
A: Sharon, You can drastically increase your scores by taking a few easy steps. You have two ...
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| lawsuit/court judgement | 5/21/2009 | David |
Q: If i file bankruptcy, will the judgement be taken off of my credit reports? This is a joint ...
A: Depends on what the judgement is from. Taxes, student loans, child support, and municipal ...
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| Car Finance Company (Ford Fairlane Credit) | 5/10/2009 | Michael Brotherton |
Q: My husband purchased a truck before we purchased our home. The year we moved into our home, we let ...
A: First with regard to the foreclosure it is not too late to fix the problem. 99% of mortgage ...
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| Getting 36K | 5/9/2009 | David |
Q: David. My husband and I are drowning in consumer debt. Between the two of us, we have ten credit ...
A: Your score can increase as much as 30% by paying the revolving debt down to 5% of the limits. If ...
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| Poor? | 5/6/2009 | Michael Brotherton |
Q: If you live on welfare and medicaid,does that mean that you are poor but you don't live under poor ...
A: Being poor is a state of mind. Many have very little but a rich in spirit. I'm not trying to be ...
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| over 100K in debt can credit ors levy my job's acct b/c I'm an auth. signer? | 5/5/2009 | Ontrack Financial Group llc |
Q: I received a pay cut back in 2006 (in order to keep my job) and my husband was laid off in 11/2007. ...
A: Generally this type of account can't be levied by a personal creditor. However devious debt ...
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| Creditor Bank Levy | 5/5/2009 | Michael Brotherton |
Q: A creditor (Paul Harris) had a levied placed on my account for debt from 1998. I tried to reach out ...
A: Do they have a judgment? Also, why would you have a hearing in Indianapolis if you live in Chicago? ...
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| Bankruptcy and the SOL | 5/5/2009 | Ontrack Financial Group llc |
Q: My husband and I filed Chap 13 BK in Nov 2004. It was dismissed in Sept 2006. We never refiled ...
A: Credit card debts are written contracts. Remember signing the receipt when you purchased an item ...
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| Poor? | 5/5/2009 | Michael Brotherton |
Q: If you live on welfare and medicaid,does that mean that you are poor but you don't live under poor ...
A: Being broke and being poor are two completely different things. Being poor is a state of mind or an ...
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| Collection Agency scam | 5/5/2009 | Michael Brotherton |
Q: I think this is a scam: I got a call from a collection agency(Portfolio Recovery Associates). They ...
A: First, if it has been that long you have went well beyond the statute of limitations. You no longer ...
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| Bankruptcy and the SOL | 5/4/2009 | Ontrack Financial Group llc |
Q: My husband and I filed Chap 13 BK in Nov 2004. It was dismissed in Sept 2006. We never refiled ...
A: AZ Sol is 6 years ARS Ann. 12-548. Yes it includes the time the debt was in BK, it will expire Nov ...
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| multiple credit cards | 5/2/2009 | David |
Q: I operate a small business and used my credit cards to support my business, but it is now beyond ...
A: Don't pay off the cards before your BK. Especially for chapter 7. It won't help your score at all, ...
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| Dealing with CC | 5/1/2009 | Ontrack Financial Group llc |
Q: Michael, Long story short, we have $60,000 in credit card debt. Many things made this perfect storm, ...
A: We should speak about this over the phone. There are a lot of factors we need to take a look at ...
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| Bankruptcy dismissal | 4/30/2009 | Ontrack Financial Group llc |
Q: chapter 7. It has been in limbo for awhile. My attorney is no longer representing me. I want to ...
A: Request from your attorney all information about your case. Search for information the attorney sent ...
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| credit cards | 4/30/2009 | David |
Q: I have 2 credit cards , one with a 5,000 limit and one with a 15,000 limit. I always paid on time ...
A: Sam, Just keep in mind this while deciding. 30% of your score is based on how much you owe on ...
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| Financial planning,bankruptcy and foreclosure | 4/25/2009 | David |
Q: Like many in this economy my wife lost her job and since then a spiraling set of events starting ...
A: Orv, I wish I could give you some profound advice but when you find yourself in a cash flow ...
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| how to get out of my car loan | 4/23/2009 | David |
Q: I have an 05 impala. i purchased the car when i had freshly turned 18. i had no credit and nobody ...
A: The only suggestion is to increase your payments until you get the original loan down enough to ...
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| bank account after bankruptcy | 4/22/2009 | David |
Q: I filed a bankruptcy last September [2008]. One of the credit cards I had was from Bank of America. ...
A: Getting credit at any bank will be near impossible for several years if you do nothing to rebuild ...
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| Building credit for immigrant | 4/21/2009 | David |
Q: My husband is a permanent resident alien, living in the US for 7 years now. We would like to start ...
A: Secured build credit in the exact same way as unsecured. I have recommended National City in the ...
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| Bankruptcy | 4/21/2009 | Ontrack Financial Group llc |
Q: My husband and I divorced a little over a month ago. During the divorce I have continued to pay the ...
A: As long as your ex is on both loans, it may affect the status of the home and the vehicle. A quick ...
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| bankruptcy and low score | 4/21/2009 | David |
Q: Approx. 3.5 years ago I filed for chapter 13. I completed payments and I currently have a credit ...
A: You should start by obtaining your free credit reports. You can do this @ ...
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| Credit/Score | 4/19/2009 | David |
Q: Between 2003-2004, I fell behind in every bill that one would have mortgage, loan, credit cards, ...
A: Betty, I really cant guess what your score is. They are many many factors to be considered. I will ...
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| which I should do? | 4/15/2009 | David |
Q: Me and a ex husband had a timeshare well he filled bankruptcy on it. Now it is reporting on my ...
A: I would hold off on the BK. You can always file later if you need to. As far as credit ...
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| which I should do? | 4/15/2009 | David |
Q: Me and a ex husband had a timeshare well he filled bankruptcy on it. Now it is reporting on my ...
A: This is a very tough spot to be in. I never feel good advising someone to consider bankruptcy over ...
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| credit card judgements/student loans/bankruptcy | 4/14/2009 | Michael Brotherton |
Q: I had a chapter 7 bankruptcy in 1996. I thought that would include my student loan, but it didn't. ...
A: Sorry for the delay. The fact information sheet is just to determine your income and assets that may ...
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| credit card judgements/student loans/bankruptcy | 4/13/2009 | Michael Brotherton |
Q: I had a chapter 7 bankruptcy in 1996. I thought that would include my student loan, but it didn't. ...
A: First, this is a civil matter. They cannot put you in jail or do anything to you physically so ...
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| execution on levy of ex-husbands liens | 4/13/2009 | Michael Brotherton |
Q: I've been divorced for 8 years and per my divorce decree my ex-husband and I are tenants in common. ...
A: What are the liens for? If he is part owner in the house he has to approve the sale but why would ...
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| refinance car | 4/10/2009 | Michael Brotherton |
Q: Trying to refinance an upside down loan on 2008 Nissan. ($749 mth) Due to bad credit, not able to ...
A: Refinance may not be practical since most banks are credit sensitive these days. You may be able to ...
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| Need Help Fast | 4/8/2009 | David |
Q: I got a credit card when I was in college (2006) and was not able to pay it off. I lost my job last ...
A: Jackie, Credit Cards are unsecured debt. They can not take your car. It sounds like they are ...
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| Credit Card suit in Texas | 4/8/2009 | Michael Brotherton |
Q: Facts: I live in Texas, Law Suit from 3rd party collector is to use Delaware law, SOL is 4 years for ...
A: You are doing the right thing. Your motion for dismissal based on their own evidence should be ...
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| chapter 13 dismissed, discharging trustee | 4/7/2009 | David |
Q: while a housewife my now x husband and i filed chapter 13. divorce judge ordered x husband to pay. ...
A: Fixing your credit is not hard, it requires a little patience, some simple steps, and strong self ...
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| Post-Bankruptcy Car loans and credit | 4/4/2009 | David |
Q: I am in the process of filing for bankruptcy in the next couple of weeks unfortuantely due to ...
A: Reg, With proper steps you can qualify for a good rate within a short time. These are the ...
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| chapter 13 | 4/2/2009 | David |
Q: I took the buy out from Chrysler and left work in Jan 30th of this year. I had a chapter 13 case ...
A: James, I am not an expert in Bankruptcy, you should probably ask an attorney. What I can tell you ...
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| Ch7 Bankruptcy and Auto Lease | 4/2/2009 | David |
Q: I have a question about Ch7 Bankruptcy and a Auto Lease: I filed for Ch7 BK in 5/2008 and at the ...
A: David, I am not an attorney so I can't speak to your options with them under the BK protection. I ...
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| Creditor's & Bankruptcy | 4/1/2009 | David |
Q: My significant other took off in 2005 leaving me very much in debt, he also took the 2001 pickup ...
A: You would only be notified if you were a creditor to him. You were and are effected on any joint ...
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