declaring bankruptcy
11-19-2007, 12:08 AM
#21
1.0 BAR
Join Date: Mar 2005
Posts: 384
Re: declaring bankruptcy
if you had to you could file for chapter 13 so you don't take a hit on your credit. But ---- dude get a better job. 1,100 month at full time damn what is that like 7.50 a hour? ---- burger king down the street from me is paying 10.50-13.00/hr for window people.
11-19-2007, 12:13 AM
#22
1.5 BAR
Join Date: Apr 2006
Posts: 676
Re: declaring bankruptcy
Take out a government student loan. They allow you to not pay it back until you get out of college. I'm 99% sure interest does not grow while you are in college but starts about 6 months after you leave. Pay off current debt with student loan. Don't keep getting into more debt. While you are in school, pay off your debt while it is interest free.
Also minimize your costs. Wedding? A wedding expense is your issue? If you are going to a wedding and are broke, then you are retarded. Either own up to the fact you are poor, tell your friend that is getting married, and go dressed in ---- clothes and make them a gift that cost $5.00 or don't go at all.
PS: Making $1100 a month is pathetic. Get a job that doesn't suck. At my shitty summer job I was doing more than double that and it was a shitty summer job.
Also minimize your costs. Wedding? A wedding expense is your issue? If you are going to a wedding and are broke, then you are retarded. Either own up to the fact you are poor, tell your friend that is getting married, and go dressed in ---- clothes and make them a gift that cost $5.00 or don't go at all.
PS: Making $1100 a month is pathetic. Get a job that doesn't suck. At my shitty summer job I was doing more than double that and it was a shitty summer job.
11-19-2007, 12:30 AM
#24
3.0 BAR
Join Date: Feb 2004
Posts: 7,785
Re: declaring bankruptcy
Hell take a semester or two off and get a better job and get your bills paid off. What does being an indian have to do with this? You must be talking about ruby in the forehead type of indian from India cause I don't know alot of native american if that's what you mean declaring bankruptcy.
11-19-2007, 01:06 AM
#25
1.5 BAR
Join Date: May 2005
Posts: 840
Re: declaring bankruptcy
If it is credit card bill/unsecured ---- just quite paying it. They will hound you with phone calls, but normally after a while they get the picture that you are broke. And if you agree to a payment plan that is automatically deducted each month they will drop your interest rate down to next to nothing, do away with your over the limit charge and do away with all your built up late fees.
We(Wife and I) have had 2 mortgage payment and all the bill to go along with two houses for close to 13 months now. We have thought about bankruptcy, but it would be a restructure with a payment plan. But trust me $7000 is nothing to losing sleep over, and filing bankruptcy will probably end up getting you into more trouble.
After you file, credit card companies will be begging you to take there cards with low introductory rates. You sound young and will probably take them and spend money. Then the rates will go up and the fees will start piling up. They are counting on this, since you already filed bankruptcy once you can't do it again for a long time. So if you don't pay up they will grab you by the nuts, take you to court/ garnish your wages from your check which alwasy looks good to your employer or future employer.
Best of luck, but it could be much worse.
We(Wife and I) have had 2 mortgage payment and all the bill to go along with two houses for close to 13 months now. We have thought about bankruptcy, but it would be a restructure with a payment plan. But trust me $7000 is nothing to losing sleep over, and filing bankruptcy will probably end up getting you into more trouble.
After you file, credit card companies will be begging you to take there cards with low introductory rates. You sound young and will probably take them and spend money. Then the rates will go up and the fees will start piling up. They are counting on this, since you already filed bankruptcy once you can't do it again for a long time. So if you don't pay up they will grab you by the nuts, take you to court/ garnish your wages from your check which alwasy looks good to your employer or future employer.
Best of luck, but it could be much worse.
11-19-2007, 01:54 AM
#26
1.0 BAR
Join Date: Dec 2002
Posts: 580
Re: declaring bankruptcy
You are an idiot, and a failure at life. People like you are the reason that your economy is in it's current state. If you can't afford something don't ------- buy it.
Are you really that stunned that you think 7k is any kind of debt? ---- i've got almost 600k in debt, get a second job, or put school off until you can get your ---- paid down, move in with your parents, get a roomate, there are tons of things you can do to lower your expenses.
Are you really that stunned that you think 7k is any kind of debt? ---- i've got almost 600k in debt, get a second job, or put school off until you can get your ---- paid down, move in with your parents, get a roomate, there are tons of things you can do to lower your expenses.
11-19-2007, 02:29 AM
#27
3.0 BAR
Join Date: May 2006
Posts: 5,322
Re: declaring bankruptcy
Hah, 7k. I have 7k debt or more and am not sweating it. I am working two jobs to pay it off quicker, am getting rid of one of my debts tomorrow for a loan on my old ek coupe that impound destroyed...found someone that will give me enough to pay off the loan, a paintjob, and a little extra cash.
1100 full time? ---- you have to be getting paid minimum wage. Get another job, or get one decent job. I could get a job paying at least 12 an hour any day of the week here.
7k debt is not worth ------- up your credit for years.
1100 full time? ---- you have to be getting paid minimum wage. Get another job, or get one decent job. I could get a job paying at least 12 an hour any day of the week here.
7k debt is not worth ------- up your credit for years.
11-19-2007, 05:21 AM
#29
3.0 BAR
Join Date: Oct 2005
Posts: 9,282
Re: declaring bankruptcy
worst i got was ~500 in debt 
half of which was interest, late fees ad bullshit overdraft fees 
and i only wanted the ------- card for overdraft protection for my bank
cc comanpanies are the devil
but it has saved my *** plenty of times
half of which was interest, late fees ad bullshit overdraft fees and i only wanted the ------- card for overdraft protection for my bank
cc comanpanies are the devil
but it has saved my *** plenty of times
11-19-2007, 08:30 AM
#30
!! UNCONFIRMED EMAIL !!
Join Date: Nov 2006
Posts: 713
Re: declaring bankruptcy
House 140k
student loan 20k
line of credit 12k
cc 3k
all adds up to 175k
I make more than you and I pay for the house myself but I don't just file bankruptcy and let eveyone else take the fall. You are the reason why the US is going into a resession. People use credit to pay for stuff then can't afford it or don't want to pay it back and then file bankruptcy and everyone else has to pay for it in the end.
student loan 20k
line of credit 12k
cc 3k
all adds up to 175k
I make more than you and I pay for the house myself but I don't just file bankruptcy and let eveyone else take the fall. You are the reason why the US is going into a resession. People use credit to pay for stuff then can't afford it or don't want to pay it back and then file bankruptcy and everyone else has to pay for it in the end.
