#QuestionoftheDay - Have you ever filed bankruptcy or thought about it? What were the factors that influenced your decision. Why did you file or choose not to file?
Why are we so excepting of student debt being non-dischargeable? And, when can student debt be discharged? what are the criteria... case law? Thx for the great video!
Joseph, what an awesome video! You did a great job of explaining Chapter 7 vs. Chapter 13. I was a personal bankruptcy attorney for many, many years in New York before starting an online business and becoming an ex-pat
I’m definitely considering filing. Almost certain actually. Lost my job, had a house that was being rented out until a murder was committed in the front yard and drugs found inside, had to evict the tenet but can’t rent or sell the house now. Was evicted from my primary house due to trying to balance keeping 2 home mortgages, as well as a car payment and living in a very high cost of living area. Maxed out credit cards and signature loans, and both banks refused short sales even when the appraisals came in lower than what I owed. One bank worked with me a little bit, but the other bank (USAA) was a total bunch of jerks and went in dirty on my car loan, as well as insurance as well. Believe me, USAA isn’t about the “helping” service members, their families or retirees nearly as much as they claim in their commercials. Unless it’s meaning is helping them OUT of their savings and any money extra they can fleece them for wherever they can.
USAA feels like a scam They want more money for less coverage than I am currently getting with a MAJOR insurance company... And I constantly get spammed now that I inquired about policy amounts
Awesome video! I hope I am never in the position where I need to declare bankruptcy, but it is so important I (and the rest of your viewers) understand how bankruptcy can also impact the companies we invest in. Great and very timely topic!
Why didn’t they? I’m worried I won’t qualify due to how much I make at my job. Even though I have about $15k credit card debt and personal loan together
If you do it, file chapter 7, that wipes out all the debt, Chapter 13 is just a reorganization. If you do Chapter 7 you're eligible for a home loan two years after filing.
I know this is off topic but I have a question about the bond VGIT. I'm a little confused about buying bonds. When you get that, do you just buy it and leave it alone or are you supposed to keep buying shares of that?
I filled bankruptcy chapter 7 in 2016. I want to file again .I’m overwhelmed with debt due to my husband being sick and trying to pay everything by self . What would be any advice you can give me
I wanted to use upsolve but I wasn’t sure what state to file it in since I just moved to Arkansas less than 180 days ago and now we’re moving to Arizona in November with my fiancé whose in the military. Utah is what I’ve lived most my life so I figured there if file, but I didn’t want to do it the wrong way and then wait 4 months just for them to say sorry you filed it incorrectly so I called a lawyer. I think it might be worth it for the 1250 bucks to get rid of 16k when I make 29k. I’d you have any advice on what might be a good option it would be greatly appreciated. Thank you! 👍
@@josephhogue I got a lawyer yesterday. I think it’s worth the money to get rid of my debt I’m struggling with. They said because I still pay a lease in Utah I just need to file it in Utah before my lease is up.
I’m 22 have 14k on car loan debt that I wrecked before being able to insure 1k In credit cards 2k in other like medical and etc. and 3k in school loans my only assets is my 2006 Camry that I own should I file for bankruptcy?
I’m so stressed. I can pay my car loan and my mortgage but I can barely make my credit card payments and cannot make the payments on a second vehicle I don’t have possession of(I screwed up and co-signed for someone).
@@faitaccompli5878 Ok. I will be buying a house in December and it has not even been 2yrs since. No matter how bad it looks, there is always a way to get what you want in this world. Also, the loan is at a 0% rate.
![How to File Bankruptcy Online without a Lawyer [and SAVE]](http://i.ytimg.com/vi/PvKuicgRLzM/mqdefault.jpg)
#QuestionoftheDay - Have you ever filed bankruptcy or thought about it? What were the factors that influenced your decision. Why did you file or choose not to file?
thinkin about it rn but dont want to sell my securities and lose my car - rather try to pay off debt than be stuck for 7 years
Why are we so excepting of student debt being non-dischargeable? And, when can student debt be discharged? what are the criteria... case law? Thx for the great video!
Filing for bankruptcy is just a legal process of reducing debt. Great tool for people who need it!
I am now considering filing as I’m almost 20k in debt and this pandemic made all those small payments nearly impossible.
You're not alone Ashley. Bankruptcies going to be the big news in 2021 for a lot of people I'm afraid.
I hope you are financially well right now 💯💪
Joseph, what an awesome video! You did a great job of explaining Chapter 7 vs. Chapter 13. I was a personal bankruptcy attorney for many, many years in New York before starting an online business and becoming an ex-pat
I’m definitely considering filing. Almost certain actually. Lost my job, had a house that was being rented out until a murder was committed in the front yard and drugs found inside, had to evict the tenet but can’t rent or sell the house now. Was evicted from my primary house due to trying to balance keeping 2 home mortgages, as well as a car payment and living in a very high cost of living area. Maxed out credit cards and signature loans, and both banks refused short sales even when the appraisals came in lower than what I owed. One bank worked with me a little bit, but the other bank (USAA) was a total bunch of jerks and went in dirty on my car loan, as well as insurance as well. Believe me, USAA isn’t about the “helping” service members, their families or retirees nearly as much as they claim in their commercials. Unless it’s meaning is helping them OUT of their savings and any money extra they can fleece them for wherever they can.
I totally agree. USAA is as bad if not worse!
USAA feels like a scam
They want more money for less coverage than I am currently getting with a MAJOR insurance company...
And I constantly get spammed now that I inquired about policy amounts
did you end up filing?
Awesome video! I hope I am never in the position where I need to declare bankruptcy, but it is so important I (and the rest of your viewers) understand how bankruptcy can also impact the companies we invest in. Great and very timely topic!
If a company I invest in files for bankruptcy, what happens to my stock, that is my question. Thanks for bringing this up!
amen to that - i admire how you watch other videos despite having an amazing channel yourself. Never stop learning! oos
@@madstarr2 you lose it lol
If you don’t really have any assets but high debt is bankruptcy chapter 7 a good option?
thank you i am filing chapter 7 bankruptcy this video will help us all
Thank you very much for this most informative and honest video! Very helpful!
Thank You For The Light.
My buddy just filed Chapter 13 just before the pandemic. It cost him $4800 to file it. He didn't qualify for Chapter 7.
Why didn’t they? I’m worried I won’t qualify due to how much I make at my job. Even though I have about $15k credit card debt and personal loan together
My wife and I are seriously considering bankruptcy at this point, as we are 60k in debt with no real answer to it at this point. Hoping it helps
Did you do it?
My new car got total in a huge accident n now $20,000 in debt. Considering of filling bankruptcy
Did u ever do it just financed a car that’s a lemon n cnt get a refund thinking about it too
What debts can’t be resolved? Can a personal loan be resolved?
I owe SSA over $40,000 and medical bills over $3000, Dentist bill $1800. Should I file? and if so which one> But i want to buy a house soon
If you do it, file chapter 7, that wipes out all the debt, Chapter 13 is just a reorganization. If you do Chapter 7 you're eligible for a home loan two years after filing.
I about to get into debt, I’ll be paying everything cash for 7 yrs . I don’t mind
I know this is off topic but I have a question about the bond VGIT. I'm a little confused about buying bonds. When you get that, do you just buy it and leave it alone or are you supposed to keep buying shares of that?
I'm flat broke can't get auto lone unemployed two repos over 30,000 in debt I'm filing
Did you file?
Did you file ?
I filled bankruptcy chapter 7 in 2016. I want to file again .I’m overwhelmed with debt due to my husband being sick and trying to pay everything by self . What would be any advice you can give me
Why is it when I click on the website it says it's bogus and someone might be trying to steal my info?
Is an eviction considered a financial burden or loss or asset if and individual was or is evicted Six months after the first month?
I wanted to use upsolve but I wasn’t sure what state to file it in since I just moved to Arkansas less than 180 days ago and now we’re moving to Arizona in November with my fiancé whose in the military. Utah is what I’ve lived most my life so I figured there if file, but I didn’t want to do it the wrong way and then wait 4 months just for them to say sorry you filed it incorrectly so I called a lawyer. I think it might be worth it for the 1250 bucks to get rid of 16k when I make 29k. I’d you have any advice on what might be a good option it would be greatly appreciated. Thank you! 👍
Might wait yo file in Arizona since that will be your new address but I'd double check with upsolve
@@josephhogue I got a lawyer yesterday. I think it’s worth the money to get rid of my debt I’m struggling with. They said because I still pay a lease in Utah I just need to file it in Utah before my lease is up.
what stock is the top one for cows in california i cant find one
I’m being Sue by a Collection company, Can I file for Bankruptcy if I lose an Arbitration case?
Are partial shares available on the spreadsheet yet?
Should I file for bankruptcy when I only make like 30% of my previous salary? I can't afford my debt
Yes
My husband has been holding a nest egg and keeping hidden assets from me, while I sink deeper into debt. I might file bankruptcy.
Probably b/c he saves and you spend it before u make it
@@caseygross2867 he kept my VA disability pay and my BAH too
yikes. toxic relationship
Wow that sucks I hope you are doing better and don’t need/have him in your life anymore.
I’m 22 have 14k on car loan debt that I wrecked before being able to insure 1k In credit cards 2k in other like medical and etc. and 3k in school loans my only assets is my 2006 Camry that I own should I file for bankruptcy?
If you don’t plan on buying that needs credit for the next 10 years
Student loans don't get discharged unfortunately
I’m so stressed. I can pay my car loan and my mortgage but I can barely make my credit card payments and cannot make the payments on a second vehicle I don’t have possession of(I screwed up and co-signed for someone).
File bankruptcy
What is abb for bankruptcy
if i don't have debt, can i file bk?
Why would you? Overall answer is a no. Lol
I dare you to call into Dave Ramsey and ask him that same question.
@@zzddzzzz why? he has experience with BK?
Yes and I believe you should as a preventive measure, this way you won't have to worry about filing it in the future
Yes
fuck the credit card companies!! bail on them!!! they don't care about you
No special shout out in the opening oh no this is not going to be pleasant.
What if I'm a single mom and I do have enough income but I'm upsidedown in a car loan and I have cell phone bills I can't pay off can I file ??
You should never use a new loan to pay off an old loan.
Why not? It's how refinancing works. As long as lower rate
Wrong!
O let's do it 😂😂😂
*I would try to avoid bankruptcy as much as possible. Living within your means always pays off and stop trying to lives like the Joneses.* 😉
You should explain why we should avoid it.
@@BayouHotBoy1
Bankruptcy stays on your record for ten years.
@@faitaccompli5878 Ok. I will be buying a house in December and it has not even been 2yrs since. No matter how bad it looks, there is always a way to get what you want in this world. Also, the loan is at a 0% rate.
@@BayouHotBoy1 once there’s a will, there’s a way !!💯
@@BayouHotBoy1 can you please elaborate? I’m about to file :( and so scared :(( I wanted to buy next year or next 2
Your upsolve link comes up deceptive when clicked on
Will check it out. The link is so old, not sure what they've changed it to direct at
I am scenario Andy 🫥