How Much Debt Do I Need to File Bankruptcy With Upsolve Co-Founder Ben Jackson Podcast Por arte de portada

How Much Debt Do I Need to File Bankruptcy With Upsolve Co-Founder Ben Jackson

How Much Debt Do I Need to File Bankruptcy With Upsolve Co-Founder Ben Jackson

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 Wondering if bankruptcy is right for you? Ben Jackson, co-founder of the nonprofit Upsolve, joins this live episode to answer real listener questions about filing bankruptcy, protecting your assets, and getting a fresh financial start. With personal experience eliminating $60,000 in debt through Chapter 7 bankruptcy, Ben shares expert insights on when bankruptcy makes sense and how to navigate the process.

Upsolve is America's largest bankruptcy nonprofit, having helped over 13,000 people eliminate more than $700 million in debt—completely free. Ben breaks down the difference between Chapter 7 and Chapter 13 bankruptcy, explains how to protect your home and assets, and addresses specific situations from medical debt to foreclosure prevention.

Sued for debt? Visit https://www.solosuit.com/?utm=podcast to resolve it.

In this week's episode of The Debt Hotline, you'll learn:
  • How bankruptcy can protect your home through state exemption laws
  • Why medical debt often leads to bankruptcy and how Chapter 7 eliminates it completely
  • The automatic stay that stops foreclosure, wage garnishment, and collection calls immediately
  • When Chapter 13 payment plans work better than a Chapter 7 fresh start
  • How to handle complex inheritance and probate issues during debt collection
  • Whether manufactured home loans and VA mortgages can be discharged
  • Why $50 monthly investments after bankruptcy can create generational weath
Ben also tackles real listener questions:
  • Filing bankruptcy while protecting home equity and assets
  • Stopping foreclosure through both Chapter 7 and Chapter 13 bankruptcy
  • Dealing with payday loans, medical bills, and personal loans in bankruptcy
  • Converting Chapter 13 to Chapter 7 after job loss
  • Using statute of limitations as a defense in debt collection lawsuits
  • Vacating default judgments and understanding dismissal vs winning at trial
Key insight: As Ben explains, the decision to file bankruptcy depends less on your total debt and more on whether that debt is holdin you back from financial progress. Once debt is eliminated, people typically see their credit scores and overall financial health improve because they're no longer stressed and can focus on building their future.

About Upsolve: The nonprofit organization helps people file Chapter 7 bankruptcy for free at upsolve.org, with a simple screening tool to determine eligibility. They've helped thousands of Americans eliminate overwhelming debt and get back on their feet financially.

Statute of Limitations Calculator: Solo offers a free tool to help determine if debt collectors can still legally sue you for old debts. The calculator at https://www.solosuit.com/posts/can-statute-of-limitations-be-extended helps you find out if the statute of limitations has expired on your debt based on your last payment date and state laws.

To submit a question to The Debt Hotline, you can:
  • Call 801-613-8181 and leave a voicemail
  • Fill out this form: https://forms.gle/28gd4XFsq6ybN4Qu8
  • Send an email to support@solosuit.com
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