Comments on: Bankruptcy Basics

By: aubrey

aubrey — Wed, 08 May 2013 17:59:00 +0000

hopefully I will never have to go through this

By: Maria Iemma

Maria Iemma — Mon, 29 Apr 2013 18:48:00 +0000

Unfortunately in the economic climate we live in some of our friends have had to file for bankruptcy – it is a sad time for those that have worked hard all their lives and then after losing their job they can no longer pay their bills.

By: Jennifer @ The Quirky Momma

Jennifer @ The Quirky Momma — Mon, 29 Apr 2013 17:27:00 +0000

Quite a few of my neighbors have filed bankruptcy, and I must admit, it hasn’t prevented them from obtaining new credit, from going on expensive vacations, purchasing vehicles or even obtaining private student loans. My husband and I are huge DR fans, and we don’t use credit cards EVER and have no problem sacrificing a little to pay bills off in full. It’s a hard lesson to learn after years of wreckless spending, but so worth it in the long run!

By: MD Kennedy

MD Kennedy — Sat, 27 Apr 2013 13:01:00 +0000

Someone I know went through bankruptcy and boy, the process and emotional damage during and just after were so much harder than the real-world ramifications after. However, the hole was soooo deep and the future so grim there was no choice than to start over. And now she i back on her fett – it took quite a few years but she could start rebuilding sooner than if she had let the bleeding continue on and on.

By: Amy L. Norman

Amy L. Norman — Sat, 27 Apr 2013 12:33:00 +0000

My son’s father is going through this, and it is very frustrating. I am glad to see that the courts will not exempt him from child support, but him being behind almost a year not including back support really hurts.

By: cookiesandclogs

cookiesandclogs — Fri, 26 Apr 2013 16:29:00 +0000

Great clarification on the types of bankruptcy. As you said, it’s best to avoid if at all possible but, if you need to file, then you should know your options.