Im flipping through the channels and I see Donald Trump on TV. Hasnt he filed for BK like 3 times? I would never do this but Im a 750-800 credit score. Could I cash advance all my credit cards, go to vegas and file BK? WTF?
Can somebody explain bankruptcy to me?
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PeteRose9412SBR Rookie
- 03-01-10
- 26
#1Can somebody explain bankruptcy to me?Tags: None -
GELATINOUS CUBESBR MVP
- 08-09-09
- 4534
#2IS THIS JUSTIN7??GO 4 IT DUDE.
blog '09-'10: 37-16: +$31,900
mlb 2010; 16-12: +$4,540
gellyhoops 2010: 10-6 +$3,150
overall: 63-34 +$40,290Comment -
UntilTheNDofTimESBR Hall of Famer
- 05-29-08
- 9285
#3in america basically yea, if you not planning to buy a house or a car in the next 7 years you can basically do this with no consequences.Comment -
GELATINOUS CUBESBR MVP
- 08-09-09
- 4534
#4actually, you can do it and still buy a car. I mean that's what my friend said.blog '09-'10: 37-16: +$31,900
mlb 2010; 16-12: +$4,540
gellyhoops 2010: 10-6 +$3,150
overall: 63-34 +$40,290Comment -
THE PROFITSBR Posting Legend
- 11-27-09
- 17701
#5yes, and welcome to the forum!
What was your first post about???
How old are you? When I was 22 I had a 764 beacon. Now you can play number scramble with it but the 7 will never be in front!Comment -
PeteRose9412SBR Rookie
- 03-01-10
- 26
#6Originally posted by THE PROFITyes, and welcome to the forum!
What was your first post about???
How old are you? When I was 22 I had a 764 beacon. Now you can play number scramble with it but the 7 will never be in front!
Im in my early 30's. Ive posted this in a couple forums and I am surprised no one has responded negatively. I would never be able to do something like this but the thought of a free roll with no major consequences has to be tempting. Im sure people have done this. Using credit cards to fund sports books and get cash advances, someone might be able to build a $100,000 bankroll. Take a couple shots at $10,000, $20000 a pop and who knows? What happens when you file BK? Is it 7 years and then you have a clean record. I know people have bought cars with a less than 7 year old BK.Comment -
davidchongSBR MVP
- 02-10-06
- 1806
#7zeroComment -
Sledge187SBR MVP
- 04-25-08
- 3722
#8You can actually buy a house 2 years after bankruptcy as long as your payment history is clean.Comment -
topgame85SBR Posting Legend
- 03-30-08
- 12325
#9That how America is made people take gambles with someone elses $$$$$$$ if it hits you are in good shape if it misses you declare bankrupcy God Bless AmericaComment -
DOMINATERSBR MVP
- 12-10-09
- 3698
#10My advice before you do anything stupid go to a bankruptcy lawyer ask him all the questions you can , and make sure you got the facts straight , don't almost get the facts right , make sure you got the info right then make your move I know about 7 yrs, my credit is 870 I would never do anything to screw that up it took over 40 years to get that number I ain't messing it up and neither should youComment -
hoopster42Restricted User
- 02-12-08
- 6099
#11Originally posted by DOMINATERMy advice before you do anything stupid go to a bankruptcy lawyer ask him all the questions you can , and make sure you got the facts straight , don't almost get the facts right , make sure you got the info right then make your move I know about 7 yrs, my credit is 870 I would never do anything to screw that up it took over 40 years to get that number I ain't messing it up and neither should youComment -
Sledge187SBR MVP
- 04-25-08
- 3722
#12Originally posted by DOMINATERMy advice before you do anything stupid go to a bankruptcy lawyer ask him all the questions you can , and make sure you got the facts straight , don't almost get the facts right , make sure you got the info right then make your move I know about 7 yrs, my credit is 870 I would never do anything to screw that up it took over 40 years to get that number I ain't messing it up and neither should you
My girlfriend in high school liked to watch me go poo poo.Comment -
Extra InningsSBR Posting Legend
- 02-26-10
- 15058
#13Originally posted by hoopster42
sir, i believe the highest credit score possible is 850Comment -
G's pksRestricted User
- 01-01-09
- 22251
#14Originally posted by GELATINOUS CUBEIS THIS JUSTIN7??GO 4 IT DUDE.
Comment -
G's pksRestricted User
- 01-01-09
- 22251
#15It is when you create a second account and sbr catches you and will not let you steal any points!Comment -
THE PROFITSBR Posting Legend
- 11-27-09
- 17701
#16Originally posted by hoopster42sir, i believe the highest credit score possible is 850Comment -
poker_dummy101Restricted User
- 11-03-08
- 6395
#17sure you can get cash advances and blow it all or double up. but you have to wait like 6 months after you blow it all to file
highest FICO score is 850
highest Vantage score is 990Comment -
GELATINOUS CUBESBR MVP
- 08-09-09
- 4534
#18no, i dunno if its j7. its wierd how some guys come on and post a new thread with a bold or personal question, but who cares.blog '09-'10: 37-16: +$31,900
mlb 2010; 16-12: +$4,540
gellyhoops 2010: 10-6 +$3,150
overall: 63-34 +$40,290Comment
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