From the monthly archives:

April 2009

Why do companies go bankrupt when their stock price drops?

April 29, 2009 · 3 comments

Miqael K asked:


If companies only make money from stocks during IPO, why do they go bankrupt when the stock price drops? I can’t make the connection.

{ 3 comments }

What happens to my credit if I decide not to continue with my intention to file for Chapter 13?

April 27, 2009

l_romanmd asked: I file for Chapter 13 several weeks ago and now every account in my credit report is listed as part of the Chapter 13 plan and there is record of the Chapter 13 been filled with the court. They plan hasn’t been confirmed. What happens if I decide to withdraw the filling? can [...]

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How soon after filing chapter 7 will my credit score start to improve?

April 24, 2009

sometimes asked: I am thinking about filing chapter 7, and I was wondering how long – ish it takes before I start over again reestablishing credit and therefore raising my score. I guess I don’t even really know what the score will be after filing. Any insight?

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Do I have to claim a Chapter 7 bankruptcy as income on my tax return?

April 24, 2009

Jmalewski asked: I had to file Chapter 7 in 2007. Most of the percentage of what I filed was penalties on credit cards, therefore what I actually owed, was significantly less than what I filed on. On my income tax return this year, do I have to claim the chapter 7 bankruptcy total [...]

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Can I buy myself out of a joined Chapter 13 bankruptcy?

April 22, 2009

crazy2me20032002 asked: My husband and I are in a chapter 13 Bankruptcy. We are going through a divorce now. Can I buy out of the Chapter 13 and file a Chapter 7 by myself?

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How long dou you have to wait to try and purchase a home after filing Chapter 13 Bankruptcy?

April 22, 2009

Sexxxy Scorpio asked: How long do you have to wait to try and purchase a home after filing Chapter 13?… What or where are the banks that will finance a mortgage while in a Chapter 13?…

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Can I file Chapter 7 bankruptcy and keep my home?

April 19, 2009

monkey mom asked: My husband and I were planning to file Chapter 13 bankruptcy (we are seeing lawyer tomorrow) and I just found out that we should qualify for Chapter 7 too. We own a home, but only have 10k in equity in it. This wouldn’t even begin to touch our 43k unsecured [...]

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