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Mom Confessions Mom Confessions

How many times have you filed Bankruptcy?

Posted by Anonymous   + Show Post

zero here

Posted by Anonymous on Feb. 6, 2013 at 12:00 AM
Replies (31-40):
shymomof4
by Kristyn on Feb. 6, 2013 at 12:37 AM

Zero

Anonymous
by Anonymous - Original Poster on Feb. 6, 2013 at 12:37 AM
Bump
blue_elephant
by on Feb. 6, 2013 at 12:37 AM
Never, zilch, zero, Nada, 0
Posted on the NEW CafeMom Mobile
horseap
by on Feb. 6, 2013 at 12:40 AM

 never

cece5000
by Bronze Member on Feb. 6, 2013 at 12:41 AM

none

Anonymous
by Anonymous 9 on Feb. 6, 2013 at 12:41 AM
Once. To save our house. My husband was laid off - at the same time that my salary was cut by 20% (or be laid off). We fell behind on the payments and didn't qualify for a loan modification. We are too far upside down to sell.
Anonymous
by Anonymous 10 on Feb. 6, 2013 at 12:42 AM
Twice. Both for medical bills. There were never and credit cards, houses or cars or anything I bought frivolously. The first time I was 22 and had 762 thousand dollars from mental hospitals and rehabs. Then at 34 562 thousand because all the drugs ruined my immune system and I was in and out of the hospital. I am now 38 and have no debt. Thank goodness for health insurance. And when I have my surgeries I pay half up front and make payments with the rest.
HollyBoBolly
by on Feb. 6, 2013 at 12:42 AM

 Depending on the type of debt, most of the statute of limitations have probably passed.  Student loans don't have one.  But anyway, once you have reached the statute for the type of debt and for your state, you can no longer be sued.  They can try, but it will get thrown out of court.  I don't know your specific situation, but having a bankruptcy on your credit severely limits you for 10 years.  I would hate to think that you would do that to yourself for such a small amount.  Trust me, compared to others, it is a very small amount. 

http://www.ftc.gov/os/statutes/fdcpa/fdcpact.shtm

I know just enough to make me dangerous, but I might be able to give you some basic info. 

 

 


Quoting Anonymous:

No, I've tried to get this debt down for over 15 yrs and I'm not working now.

Quoting HollyBoBolly:

 There are better ways than to file for bankruptcy for such a small amount.  For instance, is it all revolving debt, i.e. credit cards?


 


Quoting Anonymous:

Over 10k


Quoting HollyBoBolly:


Never.  How much debt have you accrued?


 


 


 

Anonymous
by Anonymous 11 on Feb. 6, 2013 at 12:44 AM
0, student loans cant be used as a reason to claim bankruptcy
Anonymous
by Anonymous 12 on Feb. 6, 2013 at 12:44 AM

Once when we were young, dumb, and thought we could survive on credit.

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