Do people who file bankruptcy go back into debt within 10 years?
I cant see how people should be able to rack up alot of debt and then file and not have to pay any of it back!! What does that teach them?
I can see if it is a medical problem! I also understand that in some bankruptcy you do have to pay it back. I don't know alot about it but it seems wrong from the little i do know about it.
Please help me understand...
Asked by Anonymous at 9:51 AM on May. 14, 2010 in Money & Work
Answer by josiesmommy00 at 9:57 AM on May. 14, 2010
Answer by mom2aspclboy at 10:09 AM on May. 14, 2010
Answer by Anonymous at 10:12 AM on May. 14, 2010
The last two friends that filed took the system for a ride. They planned their filing and racked up as much debt as possible then walked away from what they didn't want. Both turned around and got loans and CC within six months.
I understand the medical need or some disaster that just sinks you to the bottom but the system still has too many loop holes that leave the rest of us paying it off.
Answer by emptynstr at 10:39 AM on May. 14, 2010
Answer by melody77 at 12:44 PM on May. 14, 2010
Answer by Anonymous at 1:46 PM on May. 14, 2010