My Chapter 7 Bankruptcy Process Step By Step
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- Опубліковано 12 вер 2024
- Filing Bankruptcy can be a stressful situation. I hope after watching this video you will get a better understanding of the bankruptcy process.
In this video I focus on the steps to filing bankruptcy and the emotional strain that it may cause.
I dont get why people would feel bad or embarrassed about filing bankruptcy. I see it as a mulligan lol.If people feel overly stressed with no way out. I say say file bankruptcy !!!
B Parker in my case just feel that I am not a good role model to my children..
We make good money but seems like there is always something coming up..
We hardly ever went out and when we did always felt guilty about spending money..
Have never been on a cruise or oversees trip but you would think we did with all the debt we accumulated over the years.
I agree! Rich people and Business owners file all the time. Lol. Jyst ask Trump. People who feel "bad," about using the system the way smart rich people do, are the people rich people get rich off of lol
Exactly
@@natashaalicia2.0totally. I was feeling really hard on myself and I watched Trump talking about his bankruptcy with zero shame and I definitely question if he’s a narcissist, but regardless it made me rethink feeling terrible about it. The credit card companies and the banks, imo, are some of the absolute worst contributors to our society and they take advantage of us all the time. I think they depend on us to feel too ashamed to be as irresponsible as this.
You hit this dead on brother, never think that you're "rambling on"lol. I had the same experience with at my creditor meeting. Since my discharge Jan.2019 my FICO scores were in the 400's. Capital One gave me another chance with their secured card and just gave me an Auto loan for 13k last week! I also have Self Lender with four months timely payments to date. I also have My Jewelers and Hutton Chase with three months in timely payments. I'm here to say my FICO scores are 600,604,599 in three months. Kenny you are a blessing, keep sharing your real life experiences because you are not alone. Thanks
Your story needs to be heard! The one thing people need to hear is people pulling themselves up out the mud. Congratulations Brotha I sincerely could never express how much I appreciate you. Thank You!
@@CreditLiving Thanks brother you are appreciated as well, you uplifted me and gave me hope to strive to succeed in this credit game. Your videos are priceless, I share my story with everyone to show them that with just a little faith, drive, and determination that it's possible to prosper. Always appreciated!
Corporations do it in a heart beat
Exactly !!
I’m filing in the next few weeks. Getting the last of the $$ for the fees together now and I’m in contact with an attorney. Thankfully I’m not behind on anything but it’s only because I’m using credit cards to pay everything I can and that only made matters worse. I got in this situation when my wife was diagnosed with cancer only a month after she gave birth to our twin girls. Then I lost my job and I’m now making half what I was making.
Since learning about the process I wish I had done it sooner. I’ve been stressing and struggling with finances for so long and it doesn’t have to be this way. This is why we have bankruptcy laws. Life happens and people need to start over.
You will bounce back my friend. Heck it sounds like you already are on your way. The mental aspect is the toughest hurdle and you already have that conquered. I truly wish the best for you and can’t wait for you to touch base with me sharing your victories as well. God Bless 🙏🏽
File chapter 7 a yr ago. Debt up to my eyeballs at multiple places...I was late couple time..and they would called and harass me at my workplace..it was the last straw...Had to file bankruptcy and it was the best decision I've made...
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
Thank you soo much, Kenny. I am going to file bankruptcy today because of this video. I was very scared to even try. But I am more scared of all of the debt I have that I will never be able to pay for unless a miracle happens.
B speak with your attorney gather all the information and make the best decision for you and your family.
Dude... Thank you for this. I am 500K in medical debt and am researching filing on my own. This answered a lot of questions.
Holy fuck. Shit. Damn. What the fuck you have done? Wow.
Brodys Mamaw u know hospital are not allow to put hospital bills on your credit report
Hospitals sells there acc to collections now collections report it to credit report..... i might b wrong idk im 30k+ im medical dept nd credit card dept so im thinking on going to do chapter 7 bankrupcy
@Nightwish9991 you are extremely immature
In some cases or circumstances bankruptcy might be a person,s way out of a situation . Just because a person files doesn’t mean they are bad ect. It could be maybe due to a job loss or hrs cut or a pay cut or health issues or taking of a sick family member . Or maybe due to being furloughed . Some are quick to judge a person that had to file bankruptcy . You have to do what’s best for you in your own situation . You’ve came a long ways ! There’s life after bankrupcy . You can always bounce back .Me I’m getting ready to file Myself . So what if it stays on your credit report for 10 yrs. you can always move forward . Afterwords . It’s not the end . In life sometimes you have to close a bad chapter of your life & start fresh !
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies, charge off and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
My boyfriends car engine blew up and we still owe 6k on it along with a few credit cards, we are going through this process now and I’m feeling more relieved after watching this.. thank you for some peace for now Kenny!
over 6k ? that is dumb
@@18wheeler76totally dumb
You did a great job explaining this and making someone feel comfortable to do it..
Wait What I’m really glad you stopped through the channel. Pretty weird when someone you watch on UA-cam gives a comment. Thank You and I truly appreciate your time. Love Your Channel as Well. Drive Safe
You are the best Kenny love your videos learning a lot.....😎
Ronald I truly appreciate the kind words. I hope to keep dropping information that helps. I truly appreciate your time. Thank You!
I've been following you videos man.. Seems like we as truck drivers can relate to the journey
Look up Gene Kim
Thanks for this brother. Will file now. This is exactly what I needed and in detail.
Thank you for taking your time and explaining. Appreciated
thanks for the video, ive learned a lot from you. I have to admit, filing is a scary thing and im considering it!
Lovie trust me when I say I completely understand. Like I tell people stop by the court house and sit in for a few netting’s of creditors and that may help calm your nerves.
Thanks for sharing.
Thanks for the video learn a lot Sir.. 🙌🏾
Thank you Bosslady for your time I truly appreciate you.
Thank you for your time and your video.
Thank you I truly appreciate your time.
Awesome video man 👍 good information, thanks
Thank You Bill I truly appreciate you.
thank you, your information was helpful.
Thank you for your time I hope the information gets you to the next level.
Kenny Eugene Do you know if they will come after trucks that you still pay on and if you want to keep them? Or will they take them all from you?
Filed ours it was $3500 and filing fee is $338. Meeting with creditors in July.
Tran up 658 .. Eq 662 Ex 660.... Slowly rising.👍💪
POINT2POINT TRANSPORTATION LLC I love your drive Brotha. You are crushing it! What are your plans? Are you thinking business after this? Just interested in your next steps.
@@CreditLiving I'm actually working on my business credit at the same time.. I have a couple of business tradelines,capital one business secured card... Bp fuel card and Wells Fargo business account.
Everything's not where i need them..but it's a start... Also have my D&B number too.
My future plan is to either build a fleet or start a HotShot company... Like you,I'm researching to set my future.
Your videos are inspiring and full of motivation
POINT2POINT TRANSPORTATION LLC you are an inspiration to us brotha. We definitely need to stay in touch. You have your authority now correct?
I don't have my authority yet. I'm an owner operator at Forward Air. I plan to build my fleet here or with God's will,I'll purchase equipment to get me rolling with a HotShot business.
My credit will determine my next move.
When I'm ready to purchase equipment,I'm gonna go for the best deals possible.
Thanks so much for sharing your experience!
I have a car loan that I have been up to date with the payments can I continue with this. I want to keep the car.
Benita Nirhoe that question should be for your attorney. I’m not ignoring you but my advice is seek out an attorney and go over the process with your attorney. There are so many different scenarios where it could be a yes or no that it’s best to seek out legal representation.
Amazing info right here thank you 🙏🏼
Thank you for your community service.
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies, charge off and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
Cant wait for the relief i file in april been saving for a year to file wish me luck
Good luck Clayton you will be fine.
adam wardG2 did you get your discharge letter yet?
I had a damaged credit issues which include the following: bankruptcy, eviction filling and outstanding rental balance, delinquent state and federal tax debts, a horribly low credit score which affect my credit report. Michael Gibbs from CREDIT PATCH UP LCC came to rescue me and He started the repair which he concluded within a week. He raised my score to 780+, payoff my debts and apply new credit cards with good limit. You can also search on [Gibbs@creditpatchup.com], He is a well known debt relief with a lot of experience.
Can you file chapter 7 an 13 for criminal case
@@jamesreal3408 I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
If I file chapter 7 can I keep my house and car? Im not behind on them but I'm in det way over my head with credit cards and personal loan.
This was very helpful, thank you!
What if your car is already repossessed before you file?
I have never filed for bankruptcy, but I can see why some people have to if they have medical bills. I had two MRI's done of my back this year the bill for one was $2700.00 and the other was $3754.00. Now I have medicare and medicare supplement insurance. They paid a total of $560.00 to the hospital as payment in full. Now in 2016 I had a MRI done at another hospital of my back and the bill was $4700. I did not use this hospital again this year. My health insurance United Health care paid $2800.00 on the bill and I had to pay $705.00 my part of the bill, and the bill was marked down by $1195.00 because I had insurance. So in 2016 I paid more out of my pocket for one MRI than medicare and my supplement insurance paid for two MRI's in 2020 using a newer more powerfull MRI machine. So tell me that the hospitals are not over charging for their services because they can. Every year our politicians get up and make speaches on reducing health care cost. Every year they take money from these same health care providers for their election war chest. Every year nothing gets done but dog and pony show hearings, yes, our soon to be gone President has had no problem declaring bankruptcy and sticking everyone else with the loss.
Do you have a video that talk about personal asset protection while filing chapter 7 bankruptcy?
Did you have to go through a liquidation process? If so how did it work?
Wow, great video and great information! I saw your email address in one of the comments and I may have a few questions. Thanks!
Kenny@creditliving.com
858-442-4498 either one is ok. Thank you for your time.
Kenny thank you so much for the video my question is if I file for an emergency chapter 7, can I add a lawyer to my case before the 3:41 or when I meet with the collectors? Is that what you did?
Good content. Thanks.
Thank you! For sharing
I collect social security,had a car accident, didn't have insurance,10.000 in debt, licence suspended,plates taken off vehicle. Any ideas ? Live in Wisconsin.
Good video, thanks!
Congrats and enjoy life
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies, charge off and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
Good Morning Kenny question was you able to keep you're trailer?
I'm going through chapter 7 because of Pawnee Leasing. They really screwed me over something fierce.
What happened?
Keeping It REAL...
Do you know what happens between the time of your meeting and the time you get your discharge letter?
Can they creditors come after you during that time?
no
hope you’ve filed by now and are no longer stressing.
@@tammyjohnson1884 thanks.
I filed and everything went well.
Thanks dude, I got into a car accident and exceeded over my property damage limit, and I could owe around 30,000 or more to their insurance, maybe more if the person files a small personal injury case with independent attorney, not sure its my first time dealing with accident. Low income and only 1 possession is my new used car, Think I will put into my mothers name so I don't lose it. Should I file a chapter?. I also wanted to get into trucking but was told by swift that it will be a 5 year long wait to clear my record and restart. Life is struggling If I file bankruptcy, how long do I wait to rebuild my credit so I can finance a house and does bankruptcy protect you long term if cannot pay it
Tuna I’m truly sorry for everything you’re going through. You can reach out to me kenny@creditliving.com.
You can’t transfer the car to your mother… talk to an attorney.
Filling a chapter 7
Can I still keep my home?
Yes. As long as you make the payments.
We are going to thru the process right now..
Thank you 😊
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
What about the money u making .. does they take ur checks . And is it possible to file tax at the end of the year
691...680...680...credit scores
Awesome. Did you file bankruptcy?
what happens at the bank your pay goes to? Do they close your accounts?
I was wondering the same thing
Do you need to keep receipts of everything you buy that may qualify as an expense for the means test or how is that determined?
GP5 your income is the first determining factor. After that your attorney could likely find a way to meet the qualifications. At least speak with an attorney.
Kenny Eugene Thank you
❤
The new York state asking me 753k
Is not a loan they add some taxes to that number
Dang Ali that’s a lot of extra put on top.
@@CreditLiving yea.... My fear from bankruptcy is the companies that I will work with they gonna cut from my weekly pay check .. is that true ... I work on trucking too
If you own a semi and want to do bankruptcy will you loose it even though it’s the only way of living it’s also paid for can you please share something on it thanks
Edwin that is definitely an answer your attorney will be able to answer. There are situations when you will be able to keep it and others you won’t. My advice talk to your attorney he will go over your entire situation.
Kenny Eugene thank you!!
Your in a RV right?
Did you have to turn in your trucks and fuel card?
Que I have my own fuel cards.
What about the trucks? And did you have difficulty financing other trucks post bankruptcy
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
You should be a lawyer.
I’m thinking about filing bankruptcy I’m all current on my credit cards and bills should I stop paying before I file bankruptcy or keep on paying
Stop paying
Contact us. We can help. Creditreportcooperassist2020@gmail.com
if anyone have 1 paid off house , what happen ?
Hi there I just filed bankruptcy, I have a meeting with creditors a month from now.. I am very nervous. Do I find out that same day if my debts are discharged?
S. Moore Your meeting of creditors is where your creditors show up to make claim or arguments to debts owed to them. During my meeting which takes all of 3 minutes not one creditor showed up and like I said I owed roughly $200,000. I’m not saying they won’t but highly likely they won’t show up. Roughly 90 days after your meeting of creditors you will receive a letter stating everything was discharged if you are filing a chapter 7. You should be fine. If you ever want to email me questions kenny@creditliving.com. Relax and take your classes
@@CreditLiving thank you for replying. I just watched and read some horror stories. All.of that probably got to me. Ill be emailing soon might have more questions. Thank u
@@rccola8602 How did your meeting go?
@@ATLien5424 actually went OK. Well i was 30 mins early, my lawyer was the one late lol. There was a teeny tiny small hick up my lawyer forgot to do. But besides that went good. Theres was 5 of us that day. Went quick. Now just waiting for my discharge papers.. wish me luck!
@@rccola8602 Nice! Did any creditors show up?
Look up Robert breaker or Gene Kim
Are hospital bills included in creditors
Please explain more.
Like If I’m 85000 dollars in medical debt and I’m getting harassed by creditors is it wise to include that in the matrix of list of creditors along with loans Carr payments etc
Consult your attorney first but absolutely if you are filing chapter 7 absolutely include medical. The only thing that probably won’t go away is student loan debt. Even saying that in special circumstances that can be included as well.
Hi , what happens if you have a judgement against you and they seized your account? Can you still file bankruptcy?
Jessica The Goddess Yes but always speak to your legal team.
www.alllaw.com/articles/nolo/bankruptcy/lawsuit-judgments-discharged.html
Here’s some information that may help.
My Question is if you file a chapter 7 you paid your lawyer but you still shopping but you have not submitted any paperwork can that be held against like your store department credit cards??? Asking for a friend🤦
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.
I can entrust you to Credit Patch-Up LLC smart service because he helped me and my wife remove our past eviction from our credit report and I just got approved for another card worth $30,000 limit and he cleared my friend credit card debt, he's 100% Real and Legit i assure you of a job well done from him you can reach him thru via [Jon@creditpatchup.com] he can also remove any negativity item off your credit report: Bankruptcy, Tax Liens,Public Records, Evictions , Student Loans, Mortgage, Late Payments, Credit Card Late Payments, Charge Offs, Collections, he's one a kind go check him out friends you won't regret this.
My neighbor has filed bankruptcy 3 times now. He's at his lakeplace now, a $90K Denali, sitting in his driveway at home. New credit cards come, days after filing, he's told me.
Man let me gone n file. F it
Hi hope you don’t by pass the weight station while you driving and talking lol be safe men I subscribe
Not counting my student loans I probably owe less than $10,000 in debt and most of those are unsecured debt including payday loans. If I filed chapter 13 and pay $100 a month for three years that's $3600. My two payday loans combined are around $220/month that equals to $7,920 over the same three year period. So filing a chapter 13 would be advantageous in my situation but because I don't have a mortgage or a car note or owe any priority debts a chapter 7 with out an attorney maybe an even better option. I'm just afraid of the legal process because that's not my strong suit.
Daniel Schwartz first research and get yourself familiar with the chapter 13 & 7 so you are more comfortable what you are getting yourself into. Second you said something that is a bit alarming there are attorneys that you can get a free consultation so why would you do it without an attorney? I do believe you can do it on your own however if you are not comfortable with a 7 they why do it without an attorney?
Im looking for a lawyer here in the Houston area if anyone has one that they’d recommend....
I did use the services of a programmer called Michael Gibbs from Credit Patch Up LLC to get rid of bankruptcies and hard inquiries off my credit report and my score was also boosted to 790+ within few days. You can get to him via [Gibbs@creditPatchup.com] if you're in need of any credit help or advice.