Comments on: The Surprising Truth About Bankruptcy http://www.askmrcreditcard.com/creditcardblog/the-surprising-truth-about-bankruptcy/ Latest Credit Card News, Reviews and Information Thu, 09 Feb 2012 07:48:57 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Danny http://www.askmrcreditcard.com/creditcardblog/the-surprising-truth-about-bankruptcy/comment-page-1/#comment-274919 Danny Fri, 03 Feb 2012 06:18:47 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=836#comment-274919 I have an old 1978 motorcycle that I work on as a hobby. If I file for chapter 7 will they take my bike? What is the limit of its value? I have an old 1978 motorcycle that I work on as a hobby. If I file for chapter 7 will they take my bike? What is the limit of its value?

]]> By: BKstory http://www.askmrcreditcard.com/creditcardblog/the-surprising-truth-about-bankruptcy/comment-page-1/#comment-195906 BKstory Sun, 27 Mar 2011 03:57:41 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=836#comment-195906 Like you, I found that bankruptcy was not as bad as I had imagined. When my wife and I first contemplated filing, we thought we would lose our house, cars, have ruined credit. In fact, we did not lose any of those things, and my FICO credit score is 665 right now. We have recently needed to get some credit to pay for our pet's vet bills, and some appliance replacements. Obviously our credit is not ruined. After reading my bankruptcy story, you can see that "bankruptcy ruins your life" is false. We were set free from credit company slavery. If "too big to fail" businesses can get bailouts, then so can us small people. Bankruptcy is a great way to get a fresh start, a "do-over". Like you, I found that bankruptcy was not as bad as I had imagined. When my wife and I first contemplated filing, we thought we would lose our house, cars, have ruined credit. In fact, we did not lose any of those things, and my FICO credit score is 665 right now. We have recently needed to get some credit to pay for our pet’s vet bills, and some appliance replacements. Obviously our credit is not ruined.

After reading my bankruptcy story, you can see that “bankruptcy ruins your life” is false. We were set free from credit company slavery. If “too big to fail” businesses can get bailouts, then so can us small people. Bankruptcy is a great way to get a fresh start, a “do-over”.

]]> By: Chris http://www.askmrcreditcard.com/creditcardblog/the-surprising-truth-about-bankruptcy/comment-page-1/#comment-124029 Chris Tue, 06 Apr 2010 12:58:30 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=836#comment-124029 Good job..and dont feel guilty about any of it. Just like big toacco behind closed doors scheming on how to get kids to smoke, so do BIG BANKS on how to fleece you out of your hard earned money. For every guilt feeling that strikes you, just remember thay you were tricked. They preyed upon your human frailty. They want you to feel guilty, they promote it. Our culture promotes it, why? So you'll stay in this endless game of credit that BIG BANKS have set up. In my mind they are no better than drug dealers. Money is our drug and they have found a way of getting us addicted... Good job..and dont feel guilty about any of it. Just like big toacco behind closed doors scheming on how to get kids to smoke, so do BIG BANKS on how to fleece you out of your hard earned money. For every guilt feeling that strikes you, just remember thay you were tricked. They preyed upon your human frailty. They want you to feel guilty, they promote it. Our culture promotes it, why? So you’ll stay in this endless game of credit that BIG BANKS have set up. In my mind they are no better than drug dealers. Money is our drug and they have found a way of getting us addicted…

]]> By: Pauline http://www.askmrcreditcard.com/creditcardblog/the-surprising-truth-about-bankruptcy/comment-page-1/#comment-122432 Pauline Sun, 14 Feb 2010 02:12:34 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=836#comment-122432 How soon after filing a bankruptcy in Texas can you sell your house if you have to? It's not a good market to sell and hope to not have to. How soon after filing a bankruptcy in Texas can you sell your house if you have to? It’s not a good market to sell and hope to not have to.

]]> By: AJ http://www.askmrcreditcard.com/creditcardblog/the-surprising-truth-about-bankruptcy/comment-page-1/#comment-115908 AJ Sun, 16 Aug 2009 04:17:10 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=836#comment-115908 I'm reaching 24 years old and preparing to file bankruptcy. I made bad decisions with credit cards from age 18-22. I'm a full time nursing student with about 3 years left. I've been looking for a job and will likely only be making min. wage when i do find one. I can't even make one minimum payment to one single creditor at this point. I feel like I have no other option but bankruptcy. I am scared that it will "ruin" me.. that I will be unable to have the things I want when I finish school and can actually afford them. After reading this it made me feel alot better. I never want a credit card ever again, but will I be able to buy a home and car someday? I just want to make the right decision. Thanks I’m reaching 24 years old and preparing to file bankruptcy. I made bad decisions with credit cards from age 18-22. I’m a full time nursing student with about 3 years left. I’ve been looking for a job and will likely only be making min. wage when i do find one. I can’t even make one minimum payment to one single creditor at this point. I feel like I have no other option but bankruptcy. I am scared that it will “ruin” me.. that I will be unable to have the things I want when I finish school and can actually afford them. After reading this it made me feel alot better. I never want a credit card ever again, but will I be able to buy a home and car someday? I just want to make the right decision. Thanks

]]> By: bouncing back etty http://www.askmrcreditcard.com/creditcardblog/the-surprising-truth-about-bankruptcy/comment-page-1/#comment-86855 bouncing back etty Wed, 22 Oct 2008 17:22:23 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=836#comment-86855 I filed for chapter 7 bankruptcy last year. Like Jenna, I was getting offers for car loans and credit cards even before I knew I was discharged. I sleep better, I'm making better decisions and life has improved dramatically for me. I filed for chapter 7 bankruptcy last year. Like Jenna, I was getting offers for car loans and credit cards even before I knew I was discharged. I sleep better, I’m making better decisions and life has improved dramatically for me.

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