What do you do if you have a bankruptcy?
11 Answers to "What do you do if you have a bankruptcy?"
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The court settles your debt according to bankruptcy laws..depending on what kind of dept it is..it can allow you to start over, arrange for dept payment from assets, or just make things worse if you have a lot of debt that will still be there after the bankruptcy is filed.
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The only thing that is not "erased" is any kind of debt owed to the IRS....Like (1)
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It's definitely no fun, tho it's not the end of the world, either.
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I went through this two years ago, personal & business bankruptcy. If you have any questions or want to know more, message me....I will give you honest answers....
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you start over... its like a second chance for you
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Dont F*&k up the second time!
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Hasn't your lawyer told you?
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You start fresh and debt free.
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nothing the usual iv always been bankrupt !!
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Start again.
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Depends on what type of bankruptcy you've filed. But either way, after you file, you want to come up with better solutions so that you don't run into debt or financial ruin in the future.
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Best Answer (Chosen by Voting):
Posted by TonyCE Jan 10th, 2013 at 9:41AM
You lose your credit for a while
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