vintageapple asked:


My husband and I are about to start bankruptcy, but I would like to know how badly it will really affect our credit. I know we cannot do much for owning our own home for approximately two years, but what about other debts, like car loans? Also, once someone has completed bankruptcy, what are some pointers you can offer to begin rebuilding credit (other than paying everything on time)? Thanks!

sixfiguredesi asked:


I may have to file bankruptcy and my credit application has an overstatement of assets. There was no fraud intended and I do have net assets of the amount stated. However, there is no date on the application. Can it be thrown out?

Brina asked:


Has anyone filed bankruptcy recently, i went to go see an attorney and he wanted 300.00 for a filing fee and 1200.00 for attorney fees is that the rate for a bankruptcy attorney nowdays?

Robert J asked:


i know a student loan is rarely discharged in bankruptcy, unless it would cause an undo hardship to repay or if the student loan went into default 7 years prior to filing bankruptcy. Both of these situations apply to me.

natalie asked:


I’ve known a couple people who have filed bankruptcy and I think they use it as an easy cop out, because they don’t want to have bills.
Two of my friends have put all their assets in their parents names, filed, and then get to keep their stuff.

I would be more concerned about the bad mark it leaves on my credit score. What are you thoughts on it?
Would you ever file bankruptcy? Why or why not?

If you have, [and don't mind sharing] how much debt did you eliminate?