A few years ago we had to declare bankruptcy. It sucked big time but due to me working part-time, my husband not having steady work, and having to move into a house(renting is just as expensive as a mortgage and goes up yearly) we feel behind on credit card bills.
It was horrible having our lives scrutinized by others and even thouh we were pardoned our credit took a nose dive.
any way we know have friends who are going through tough times(although they still go to disney and take 2 weeks vacation every year) they are thinking of declaring bankcruptcy and abodining their home. would you do that? They say the have no choice my friend does mortgages and gets commission and my other friend stays home(it would be possible for her to work part-time but she doesn't)
Asked by Anonymous at 4:03 PM on May. 9, 2009 in Home & Garden
I wouldn't want to mess up our credit by doing bankruptcy. Your credit is messed up for around 7 to 10 years.
Answer by louise2 at 4:10 PM on May. 9, 2009
Answer by ryras_mommy at 4:13 PM on May. 9, 2009
Answer by Anonymous at 4:17 PM on May. 9, 2009
Answer by Buffie95 at 4:44 PM on May. 9, 2009
Answer by xxhazeldovexx at 8:54 PM on May. 9, 2009
Answer by Anonymous at 11:42 PM on May. 9, 2009