Probably too late now. But become a corporation. I thought Circuit City filed for bankruptcy. Seems like business as usual at their store in this area!
Otherswise, I would try to find some plan to pay creditors without a government bankruptcy. ONLY the RICH can do that--calling themselves corporations.
Otherswise, I would try to find some plan to pay creditors without a government bankruptcy. ONLY the RICH can do that--calling themselves corporations.
My brother filed 5 yrs ago. He got to keep his house and 2 Vehicles, he filed on all CC and secured and un-secured debt he had, attorney fee was $1000.
He told me it was the most humiliating thing he has ever had to do in his life but with the divorce he had no other choice.
But they will let you keep your vehicle you still have to get back and forth to work if you want to eat, and you can keep property you have mortgaged as long as you agree to continue to pay mortgage payments and car/truck payments as well.
Property and Vehicles that you already own dont create more borrowed debt.
CreditCards and un-secured loans are an in-less disaster for anyone.
He told me it was the most humiliating thing he has ever had to do in his life but with the divorce he had no other choice.
But they will let you keep your vehicle you still have to get back and forth to work if you want to eat, and you can keep property you have mortgaged as long as you agree to continue to pay mortgage payments and car/truck payments as well.
Property and Vehicles that you already own dont create more borrowed debt.
CreditCards and un-secured loans are an in-less disaster for anyone.
Unless you have lost a job or have medical bills that will never be paid, BK is not the answer. It isn't there so when you are "young" or irresponsible you get a free ticket. Work like the rest of us and pay your shit. You spent it, so pay it. Any asshole that says it was the best thing, is a fuckin joke!! You'll never learn and I bet you are the asses that bitch about work, the economy, and everything else. Get a life and most inmportantly...Grow the fuck up!
Happy Holidays!
Happy Holidays!
I didn't mean to start a shit storm. I just got two calls today from aquaintences who are starting the process. Just wanted some insight becuase I have zero knowledge on the subject and people call me for advise. I have been doing negotiations with the banks for short sells on homes in foreclosure. So they thought I might know something.
I asked here cause there is a lot of knowledge on this board and most shoot it straight.
Thanks for the replies.
I asked here cause there is a lot of knowledge on this board and most shoot it straight.
Thanks for the replies.
Different situation.....here is what sux....
Im 34.
Graduated with a bachelors and masters degree.
No parents, so paid it all myself via student loans.
I have $60K in student loan debt.
I work as a chemistry teacher and varsity football/track coach. My payments are near $400/month.
Cant file bankruptcy on this debt and it is killing me, saying i dont make a crapload like most you guys.
Anyone have any ideas besides the peace corps,etc. I know some of youe slick sob's can figure something out for me.
thanks
Im 34.
Graduated with a bachelors and masters degree.
No parents, so paid it all myself via student loans.
I have $60K in student loan debt.
I work as a chemistry teacher and varsity football/track coach. My payments are near $400/month.
Cant file bankruptcy on this debt and it is killing me, saying i dont make a crapload like most you guys.
Anyone have any ideas besides the peace corps,etc. I know some of youe slick sob's can figure something out for me.
thanks
It's tougher than it used to be. The Republicans gutted the bankruptcy statutes early in Dubya's 1st term.
You will have to pay on those credit cards for up to 5 years because they probably be able to force you into a chapter 13.
Lawyer and filing fees are higher also.
Say thank you Dubya.
You will have to pay on those credit cards for up to 5 years because they probably be able to force you into a chapter 13.
Lawyer and filing fees are higher also.
Say thank you Dubya.
Don't file. Aside from the reasons Festering Zit and others have said (I agree with FZ by the way).
If you plan to every obtain an professional license or work in any financial sector, you are fucked.
Most people just don't want to work, save and cut expenses.
Save up your money and negotiate a settlement with creditors. You can only do this once you have the money in hand and are ready to pay a settlement amount at the time.
If you plan to every obtain an professional license or work in any financial sector, you are fucked.
Most people just don't want to work, save and cut expenses.
Save up your money and negotiate a settlement with creditors. You can only do this once you have the money in hand and are ready to pay a settlement amount at the time.
Question regarding student loans.I havent made a payment on my student loan in 10 years. I have been living offshore the whole time. I checked recently and i noticed it went from 8k to 44k. Does anyone know if I could call them up and pay off the inital loan and not all the interest that has accumulated on top of it. $36k in interest is insane.
Raoul
I have done a TON of research on this subject. Shoot me an email and I will give you a call.
ezsundayafternoon@gmail.com
I have done a TON of research on this subject. Shoot me an email and I will give you a call.
ezsundayafternoon@gmail.com
