2006-08-09 03:46:01 · 6 answers · asked by osunumberonefan 5 in Politics & Government ➔ Law & Ethics
For those of you who asked, I live in the USA
2006-08-09 05:25:20 · update #1
Yeah, don't do it. It will follow you. Dont do it unless you feel it is your only option.
2006-08-09 03:50:04 · answer #1 · answered by smalltownangel 4 · 0⤊ 1⤋
Are you in Oklahoma? (osu)
I am a bankruptcy preparer in Tulsa and the biggest piece of advise I can give is bankruptcy is no t quick fix to make all of your problems go away. It takes a lot of preparation on your part and alot of effort after it is discharged. But Ch. 13 is not always the answer either. Those payments are sky high sometimes. You just really have to ask yourself "can I pay these debts off?" If the answer is yes, do.
2006-08-09 09:19:02 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I have not done it, but I have assisted a friend through the process. Much depends on where you live. Many provinces and states have government departments that will assist you with financial counselling. They will also have a list of non-profit organizations that may be of assistance to you.
Check around through the yellow pages for bankruptcy trustees and\or financial counsellors in your area. Usually they will offer a free first interview and give you your options. Shop around as each person\company\organization may charge different fees. why pay more than you have to. As well, check out their services when it comes to debt consolidation. They may be able to negotiate with your various creditors....lower your monthly payment into one and negotiate a lower interest rate. This may be a better alternative than bankruptcy and allows faster recovery for you.
2006-08-09 03:54:15 · answer #3 · answered by Probster 2 · 0⤊ 0⤋
Ask MC Hammer
2006-08-09 03:52:23 · answer #4 · answered by RACQUEL 7 · 0⤊ 0⤋
i dont know where are you from, but i did it in england. make sure you do sell your house first if you got one, then decleare bankruptcy.there is many aganecy's will advice you how to do it.bky will stay at your credit score so banks will be carefull after but there is many sub-prime finance houses will finance you again with high APR so be carefull..good luck!!
2006-08-09 03:55:04 · answer #5 · answered by branks g 1 · 0⤊ 0⤋
if your bills are more than you bring home each month. then i would either file bankrupt or chapter 11.
2006-08-09 03:49:52 · answer #6 · answered by duc602 7 · 0⤊ 0⤋