Bankruptcy and Debt Questions & Answers
Q&A
Asked in Abbeville, Alabama
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Oct 2024
What If, Chapter 13 Payments Are Just Too Expensive?
About a year ago I had to file for Chapter 13 since I was renting out my house and had additional income. Now, I have returned and live with my parents and my income is fifty less than it was before. I am having difficulties in meeting costs such as food bills, doctors and other emergency incidences. I am also having doubts as to whether I can just get out of the Chapter 13 plan and start making payments for my creditors directly? What can they do if I do this- take my house for instance? What is going to happen if I fail to pay my bill, what are things that can keep me from foreclosure?
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Q&A
Asked in San Diego, California
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Oct 2024
Is it possible to get loan forgiveness for an SBA EIDL if my business has been shut down for more than two years?
I applied for $67500 SBA EIDL loan for my business which is still shut from over two years. Since I was involved in an accident, I have been using credit cards, and at the moment I have no resources. Can this loan be paid without using the option of default or bankruptcy?
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