Has anyone ever filed for bankruptcy before. I'm really thinking about doing it, but I'm kind of scared to. I pay 1400 a month in loans alone. Not counting 11000 in cc debt. I'm sick as fukk about it. Will bankruptcy ruin me?
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12-07-12 11:33 PM #1
bankruptcy?
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12-07-12 11:41 PM #2
If you can't pay off your debt in 5-6 years, and not planning a house in the next 6-8 years, file for it. You won't get a new CC for a few years but if you are high in debt and can barely make monthly payment that's the best option for you.
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12-07-12 11:43 PM #3
what's your total debt and how old are you?
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12-07-12 11:43 PM #4
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12-07-12 11:43 PM #5I thought i told you that we dont stop
Become A Pro!
Join Date: 05-29-08Posts: 9,283Betpoints: 151
Bankruptcy ruin you? in the 80's it was taboo. These days anyone who is in deep debt and dosent file for bankruptcy is a idiot. I tell people to get a good job and good credit at a earlier age. When your 20 get yourself in 150k in debt then file bankruptcy. 3 years later you can buy a house. I know people that have filed bankruptcy and have ************ a year later and a house 2 years later. Ive never done it but i dont blame them. This country allows it.
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12-07-12 11:45 PM #6
Believe it or not I just bought a house in April. I have 70k in unsecured debt. Not counting school loan mortgage and car payment. And a 401k loan. It doesn't get any worse. I can't fukking sleep at night
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12-07-12 11:45 PM #7I thought i told you that we dont stop
Join Date: 05-29-08Posts: 9,283Betpoints: 151
My dad went from having a credit score so low he needed to get a secured card to having a 800 credit score in 3 years and buying a house with a 3.65% rate
Originally Posted by Monitor-Tan
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12-07-12 11:45 PM #8I thought i told you that we dont stop
Join Date: 05-29-08Posts: 9,283Betpoints: 151
Then pay a lawyer $1500 to get rid of it. simple. Originally Posted by Lansky
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12-07-12 11:45 PM #9
35 years old Originally Posted by paranoyd androyd
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12-07-12 11:46 PM #10
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12-07-12 11:51 PM #11I thought i told you that we dont stop
Join Date: 05-29-08Posts: 9,283Betpoints: 151
What about bankruptcy scares you? you don't wear a sign saying you filed for bankruptcy. Absolutely no one will know. You can keep your home and wipe out all debt besides the student loans.
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12-07-12 11:57 PM #12Forever in Debt to your Priceless Advice
Become A Pro!
Join Date: 06-30-08Posts: 45,360Betpoints: 8792
File on monday
don't think twice
Fuk the banks they have all the money anyway
Don't hesitate
PM me if you have questionsNomination(s):This post was nominated 2 times . To view the nominated thread please click here. People who nominated: PAULYPOKER, and Extra Innings
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12-07-12 11:58 PM #13
My wife says it goes in the paper. And will I get sued. I got 21k from lending club. My credit score is 750
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12-08-12 12:02 AM #14
You talk to any attorney... he'll say do you want to keep your house? If the payments are too high... let it go. He'll ask you do you want to keep your car? Typically you won't have credit for about 6 months or so... so I'd keep the car. It's up to you though. Then, he'll say max out your C Cards. Buy whatever you want. I wouldn't do any cash advances though. Just stuff you always wanted... etc. If you plan on keeping the house... maintain your payments on the home. If you don't want it... stop making the house payments. Same applies for your car. Keeping the car? Continue making your payments.. ON TIME. As for your CC's. Don't make anymore payments. There is a 180 day bankruptcy waiting period on your last transaction on any of your CC's. But don't worry... it's standard procedure. Make sure you shoot for a Chapter 7. Don't let an attorney convince you to do a Chapter 13... that's reorganization or restructuring current debts. You don't want that. Some attorneys go that route because they want to make more money off of you. A typical Chapter 7 bankruptcy charge would be around $1,100 - $1,500. If you pay anything more... the attorney is hustling you. GL to you.
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12-08-12 12:05 AM #15I thought i told you that we dont stop
Join Date: 05-29-08Posts: 9,283Betpoints: 151
Company's don't charge high interest because they choose to. They charge interest to gauge risk. If you default on a unsecured loan there is nothing they can do. Bankruptcy protects you from lenders coming after you. That is the point of it all. Originally Posted by Lansky
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12-08-12 12:09 AM #16Forever in Debt to your Priceless Advice
Join Date: 06-30-08Posts: 45,360Betpoints: 8792
Exactly..
CHAPTER 7 ONLY
Laugh in the guys face if they suggest Chapter 13
Do Not worry...its all good
a fresh start pal
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12-08-12 12:10 AM #17
Originally Posted by UntilTheNDofTimE
Ability to establish credit again to buy a home and get line of credit is dependan from person to person. I have heard people getting their credit back and buying a home as early as you stated, but I've also heard of people taking much longer some about 5-6 years to get it. I'm giving him the longer time "just incase" for planning.
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12-08-12 12:11 AM #18
Money. I'm definitely keeping my house and my car. My car is a lease. I have 3 ************ with zero balances will those places drop me as a customer? And if you were me what would you do. 1400 a month on gambling debt is no joke and that's not counting the CC's or 401k loan which will stay with me. $400 a month on phone and cable is sickening. I only make 65 to 70k a year.
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12-08-12 12:13 AM #19
Brock all gambling debt. You think your sick you should see my world been playing since 6th grade been to rehab twice....nothing. win 20k piss it right back. I can't even lift my head off the pillow Originally Posted by Brock Landers
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12-08-12 12:14 AM #20
Guys in a gambling forum with money problems
Who would have ever thought it?
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12-08-12 12:15 AM #21Forever in Debt to your Priceless Advice
Join Date: 06-30-08Posts: 45,360Betpoints: 8792
relax man Originally Posted by Lansky
its just money
Nothing you can't make back or eliminate if you try hard enough
I've been there, done that. It gets better, trust me
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12-08-12 12:16 AM #22
And they actually sold me a house in April under my name only its fukking amazing Originally Posted by Emily_Haines
Guys in a gambling forum with mon
ey problems
Who would have ever thought it?
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12-08-12 12:16 AM #23
I would go to creditboards.com before doing anything.
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12-08-12 12:16 AM #24
Brock so you filed before?
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12-08-12 12:17 AM #25
Contact a lawyer. Seek help and stop gambling, you are obviously a degenerate. Also, why are you paying 400 on phone and cable if you are that much in debt? Buy the lowest thing you can if you cannot live without cable, otherwise just cut it out of your life. Spend some time planning your finances so you don't get into this mess again. Best of luck pal Originally Posted by Lansky
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12-08-12 12:18 AM #26Forever in Debt to your Priceless Advice
Join Date: 06-30-08Posts: 45,360Betpoints: 8792
yep, in 1999 Originally Posted by Lansky
only problem was...i made too much money LOL they didn't "discharge" the debt, so filing did me ZERO good. I ended up settling the debt for a significant discount. I do that for a lot of people now
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12-08-12 12:20 AM #27
Thanks. One thing I won't go cheap on is cable. Drop HBO come on no Boardwalk EMPIRE Originally Posted by Plus573
Last edited by Lansky; 12-08-12 at 12:23 AM.
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12-08-12 12:21 AM #28
I make 70k hope im OK. Only thing that bothers me is that I have real good credit Originally Posted by Brock Landers
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12-08-12 12:23 AM #29Forever in Debt to your Priceless Advice
Join Date: 06-30-08Posts: 45,360Betpoints: 8792
that will take a significant hit...but it will come back Originally Posted by Lansky
remember, you don't get something for nothing. there are trade offs here
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12-08-12 12:23 AM #30
dude what sportsbooks did u donate ur money into? is it mostly sportsbetting or online casinos/poker. come on guy i wanna hear ur degenerate stories and i know its pretty hard to open up the idiot things u've done so far.
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12-08-12 12:28 AM #31
I have stories you wouldn't believe. I went to jail for 90 days called bets in from there watched the steelers Seattle super bowl in there. When my son was born I had one eye on his birth and one the TV in the room it was philly Pittsburgh 2008 philly won I had Pittsburgh. I'm a piece of shit. I was watching scores on my phone while at a GA meeting hitting refresh ever 20 seconds.... fukk me. And fukk Iowa st
Nomination(s):This post was nominated 1 time . To view the nominated thread please click here. People who nominated: AribaAriba
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12-08-12 12:31 AM #32
I have an account at about 30 books. Played on them all since 2000.
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12-08-12 12:31 AM #33
Consult with a bankruptcy lawyer, consults are free. Usually find them advertising in the classifieds of your local paper, or just use google. Players talk and internet forums in general are poor places to look for help making important decisions.
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12-08-12 12:33 AM #34
I have an appt Tuesday at 4pm
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12-08-12 12:38 AM #35
could always burn your house down and try and collect insurance
if you got a grill that has a propane tank, have an accident in a December cookout, a propane tank gettin loose in the kitchen from the patio/deck can be devastating to a house. BOL
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