May 16, 2010
What should people know about bankruptcy?
ricky asked:
i had a business that went belly up some years back and it's following me around. points for most helpful answer.
i went into business with family because they didn't have the experience. i left for business three weeks and the credit cards were maxed and the merchandise gone.
i had a business that went belly up some years back and it's following me around. points for most helpful answer.
i went into business with family because they didn't have the experience. i left for business three weeks and the credit cards were maxed and the merchandise gone.
and bad credit can inhibit job offers.
this could have been you. please don't judge me too harshly.
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Comments on What should people know about bankruptcy?
It should be the very last, rock bottom choice.
Bankruptcy is a way to get out of your responsibilities and making them everyone's problem.
You have to spend about 5 or 6 years repairing your credit report back up overtime before places will give you loans.. When you declare bankruptcy your chances of getting any money loans or credit cards pretty much drops to 1% untill you spend 5 or 6 years biulding up a good positive number credit history before companies will look beyond your past bankruptcy… thats a pretty long time if you ask me.. If i was you i would look for some help from an official dept help program, some program that will help you get out of dept and bad credit and help you get back on your feet.