I am just about to go bankrupt. What will happen?
925813
Bankruptcy shoudl be a last resort! \n\nIf you have to file, then make sure you know what your getting into. \n\nHere are some very informative bankruptcy facts. \n\nhttp://www.expert-credit-advice.com/bankruptcy_facts.htm\n\n\nGood luck to you!
147822
Hey, I've been following your line of questioning.  You seem to be in a tight situation.  I don't want to sound like I'm lecturing you but there are many great books out there to help you in your situation.  You might try Suze Orman, she is a guru on personal finance and getting some tips from her books will save you $loot$!  \nI was in your same situation, I went to school and got lots of debt trying to get my M.S. as well.  I even filed for bankruptcy.  Even when you do that it is not over.  I learned a big lesson on personal finance that way.  I now have a 728 credit score, I own 3 houses, one credit card with a $13000 limit (i never carry a balance over), I lease a $38000 car with no downpayment, and can get financed anywhere I want, if I had to.  Plus, that bankruptcy is still visible on my Credit report (it was almost 5 yrs ago).  Hopefully you will never have to do that. \nAll I'm saying is, stick with it.  Don't let other people tell you it's really bad where you are.  It is going to get better, it is just going to take some time.  If I were you, I would keep renting, especially if you have some debt you need to take care of. UNLESS you are going to get into income property, such as a duplex, that pays for itself b/c of the tenant's rent pymnt.  You are doing the right thing and getting the facts about how to overcome your current status.  \nYou really should call the company about your above question.  When lenders get the sheet on you, they look at the money you owe.  If you owe twice as much as you really owe it is going to look horrible.  One of my reports said I owed the Dept. of Education twice the amount of my school loan!  Can you imagine?  Over $80K!  That looked real bad.  It really doesn't matter if it is a duplicate, lenders only care about the amt. you owe against the amt. you earn.  \n\nGood luck friend!  If you ever have any questions or advice about personal finance I am willing to share with you what I did or read to do it, I really like to help people with finances.  I'm not a guru just a real person with a similar background.\nqumungis@yahoo.com
554714
There are 100 different sites that do this.  Be careful trading stocks though.  After you bankrupt yourself, switch to a diversified portfolio of high-quality low-expense mutual funds.\n\n--J.
664804
They will not discharge your bankruptcy until you do so.  The judge/trustee will dismiss it and collection procedures will begin again by your creditors.
498793
This is why you should not do your own bankruptcy.  Hire an attorney and let him/her help you.
535947
Prison. If you cannot reasonably repay the debt through making money (selling stuff, bailiffs etc.) or making an offer of repayment to the finance companies (you will find they are reasonable if you are honest with them and in a bad situation) then inevitably you will be taken to court. If you still cannot or do not co-operate you may well go to prison. You will also find you have difficulties getting credit in the future, no mortgage, no car finance, no  0% deals on sofas or TV's. If I were you, I'd get to the bank and sort something out.
663410
Take your loss adn move on. Whatever your suing for will cost you more money in small claims court than you can get out of a company that went bankrupt. sorry
797645
refi and get out of that crappy ARM before you lose everything. Bankruptcy laws cannot help you in this situation (you'll probably lose the house) refi or sell it and take the loss (sounds like you bought too much home anyway)\n\noh you can refi at ANYTIME!
629269
Dear Friend,\n\nIt's time to consider filing for bankruptcy.  Your ex is broke, and there's no way the state can be held liable.  Sorry, that's the bottom line.\n\nYour Friend,\nFrancesois
127962
You are on the hook if you signed.  \n\nIf you don't want to file bankruptcy, then you need to find someone to Sub-let the space.  The landlord cannot reasonably turn down a viable sublessee, however, you may still be on the hook for the remaining term.\n\nRead the terms of your lease. Yes, it's a book you never read before, but now is a good time.\n\nIf you want good information as it relates to your personal position, you really need to seek legal advice from an attorney.  Money well spent if you are trying to preserve assets, and if you have a complicated financial situation.\n\nYour call.
1087331
probably not. bankruptcy needs seasoning in order for you to be eligible to get another refinance or mortgage. if its within the past year then it's too soon.
514475
Guess what?  If you file for bankruptcy you will still have bad credit.  Plus, the laws have changed.  Even if you file you may still be responsible for your debts.
219158
What? Then wo is taking all my money?
295321
Here's an idea... pay the $500-$700 you'd give a bankruptcy trustee to your creditors, and work yourself out of debt.  Don't wave the white flag of bankruptcy... have some self discipline and get out of your situation on YOUR terms!
49317
Tell your friend you think you are broke and may have to file bankruptcy.\n\nA true friend will suggest ways for you to improve your situation.\n\nA fair weather friend, or leech, will disappear and never return your calls or emails again.
325849
When you bankrupt, it shows poor history on paying bills. As a result, the owner of the complex does not want to take the risk. In many situations, you can get around this if you place a large deposit down. If you cannot do this, then the best bet is to look for a roommate. If this still does not fit your desire, then keep looking. There might be someone out there that will be willing to give you a try.
724436
Im afraid you are basically out of luck, unless you go to a check cashing place, actually you can go to two of them and then get up to your ears in quickie debt.