Hi, I'm 23 yrs old but have come into a lot of financal problems...I have no idea what to do...I'm thinking of filing bankrubcey what does that mean, where can I do it....can someone please give me as much info as they can please!
2007-01-09 04:33:33 · 6 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
Hmmm, try not to file for bankruptcy. It depends on what kind of "Financial" problems you have will determine what avenues you can go.
If you are having trouble with house payments then you can file for "Non-Compliance" first (depeding on your state).
If it is credit card debt, try to consolodate your debts and cut up your credit cards (but don't close them out). There are many service companies that will help you do this.
If it is a car, then sell it and take the bus or bum rides from people.
If you're "Financial" problems are with the mob, you may want to leave the country.
Try not to file bankruptcy. If you do, you will be seriously hurt for the next 7 years credit wise and the judge may still make you pay back your loans (if that is where you are having problems with).
2007-01-09 04:38:55 · answer #1 · answered by Drew P 4 · 0⤊ 0⤋
Do everything you can to NOT file bankruptcy. It stays on your credit report for years and can permanently harm your credit record. There are some employers who will not hire a person who has filed for bankruptcy or who has a poor credit score. Do what others have suggested and seek to consolidate or get advice from a reputable credit counselor. Some of these operations are not above board. You might talk to your local bank to find out which agencies they recommend. The important thing to remember is that your creditors WANT to work with you. Getting their money back at a slower rate is better than not getting it at all when you file bankruptcy. They know this and will help you work out a plan. Good luck!
2007-01-09 04:45:23 · answer #2 · answered by arkiemom 6 · 0⤊ 0⤋
Bankruptcy costs about 50 dollars for the forms-then what it will do is erase all of your credit-but then you are in bankruptcy for like 7 years after wards-If you are 10,000.00 or more in dept it's usually a good idea to file bankruptcy but if you are under 10 grand in dept it's usually better to try to pay it off
2007-01-09 04:44:59 · answer #3 · answered by Art 4 · 0⤊ 0⤋
dont file for bankrupcy just dont pay. if the collection agencies come after you screen your calls only answer numbers you know. they'll get tired of calling you in a few years. if they try to garnish your wages just quit and find a cash only job. sell some crack or whatever. remember to keep your 9mm loaded at all times safety off! its a mean world out there dude.
2007-01-09 04:49:15 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Look into a consolidation loan through your bank.... but this means you need to larn how to manage your money first. Figure out where you're going wrong, and get rid of all your credit cards!!!
2007-01-09 04:39:39 · answer #5 · answered by naenae0011 7 · 0⤊ 0⤋
Go to law.com. Also look up info on the net about bankrupsty. Do NOT consolidate...it hurts your credit and it really does not help
2007-01-09 04:41:39 · answer #6 · answered by cateyes 3 · 0⤊ 1⤋