has anyone filed bankruptcy??

Answer 1

Yes, and its actually pretty easy. I don't recommend opening any new accounts before you do it though. My husband and I had opened a new card and got a new computer before we filed, we didn't plan on filing, just sorta hit a bad patch. And the credit card didn't want to cancel the debt and neither did the computer. So just leave atleast 6 months from the time you open a new account with someone before you file, just to be safe. And dont be embarassed by it, everyone has money problems.

Answer 2

Millions of people have. Think twice (actually three times) before going through with the process because of the TEN YEAR ding on your credit report. It's not just a matter of having bad credit for ten years but what the bad credit means to your life. It's harder (and more expensive) to get home or car loans afterwards, find a decent job where credit reports are used for determination, attend the better schools, rent an apartment, etc. Don't consider bankruptcy for a few thousand dollars but rather if you are overwhelmed with the inability to pay two or three times your annual income because of long term job loss, medical problems, divorce, etc. Some things like student loans and child support cannot be discharged. Make sure to hire an experienced bankruptcy lawyer because of the changes in bankruptcy law. It's worth the money for representation than to make an even costlier error on your own. Consider a debt repayment plan before going through with the bankruptcy plan but if that's impossible, there is life after bankruptcy.

Answer 3

I did it last year.......I kept my visa card because I had a zero balance at time of filing and discharge.........it's been 1 year and I was approved for a Orchard Bank UN-secured card 14.7% 1000 limit credit card.........and that card I kept, was 19.24% variable 900 limit, is now 4000 limit 9.9% fixed and renewed..........for last two years I had always paid off the balance BEFORE incurring any finance charges........and I have a student loan that I pay on faithfully.....don't believe people who tell you you'll have 10 years of bad times..it's bull.......there are some banks etc that won't finance anyone with a bankruptcy (especially recent one) but that are in the minority.

One thing I did do was get all of my credit reports (free) and disputed everything whether is was right or wrong (he he he) ...you'd be surprised how many trade lines were actually deleted making my report rosier then it would have been if I didn't dispute......trade lines you go bankrupt on are suppose to stay on your reports for 7 years from date of filing, yet I found that most of my trade lines were deleted anyway.......my average FICO score hovers around 690 right now..........Good luck and don't let anyone scare you......PS.most of my bad debt was medical.....

Answer 4

I did after a divorce and was approved for credit soon after. I started with one credit card, bought something and made minimum payments for a year. Then I was approved for a better card (higher credit line / much lower interest rate) and I was approved for a mortgage.

My credit now is much much better, but I also had perfect credit which lunged to terrible credit during my divorce, and then back to perfect (no derogatory marks), so it showed creditors that I wasn't a habitually credit abuser.

This was also before the bankruptcy laws changed too. The process is easy, but it sticks to you so make sure that this is your ONLY option then get a good attorney.

Answer 5

yes