 I don't want a credit card, and do I really even need one? |
I'm 19 and most of my friends have credit cards. I told them I had no interest in getting one and they were like "but you need to start gaining good credit".
I don't ... |
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 I received a check ih the mail for 4,700 along with an letter telling me I won $90,000 when the check clears? |
| I'm to send it in for the insurance on the 90,000 I know it's a scam so when the 4,700 clears should I keep it?... |
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 What do you do once your wages start getting garnished? |
| 3 years ago I was unemployed with no health insurance and got pregnant. I got very sick and had to go to the emergency room twice. I went 2 more times as I was miscarrying and was told the total ... |
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 My father passed away and he left me some money and I need some advice.? |
| How should I invest this money it is about 90 grand or so. I dont want to be aggresive and lose the money so what would be a good thing for me to do with this money?... |
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 Pay off car or save? |
| Okay i'm 19 and i live at home with my family and i have a car payment. should i double my payments and get the car paid off earlier or make my regular payment each month and save money for ... |
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 I have horrible credit and need a loan to pay off past debt. What can I do quickly? |
| Disabled vet gauranteed income for life, past medical,and credit card bills due to work comp injury just need to get a new lease on my credit status by paying off all past debt.... |
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 Fun ways to save money?? Please!? |
| I'm 11 and need money. I dont get an allowance. I babysit but something other than that. And dont suggest lawn mowing thats my siblings jobs like all the outside hard work that pays alot my ... |
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 Is this person rich or poor? |
Single 38 male
Wage take home; £1,326 per month
Rent; £580 " "
Council Tax; £75 " "
Gas; ... |
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 I donated tons of my personal belongings(worth of over $300) to one of the drop off salvation army box this ye |
| I donated tons of my personal belongings(worth of over $300) to one of the drop off salvation army box this year, without antual receipt, can i claim on my tax?... |
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 Are you sure being rich ensures happiness? |
| I have an aunt that is a doctor and owns a rather large hospital in Taiwan, and yet, her husband and her fights quite often because they have no heir other than their daughter, who they have been ... |
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 What should a kid do with 5000 dollars? |
| im 14, and i've just inherited 5,000 dollars. what charitie(s) should i give to?... |
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| I am going to start spending £750 pounds a month on clothes? |
Is this a good idea as I love fashion and life is short what do you think? thanks x
... |
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 Lots of money? |
| what would you do if you could pay all your bills and still have a lot of money left?... |
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 Ways to spend $150? |
Additional Details
I'm 14 years old so I don't have any bills to pay or anything.... |
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miguel d | So what exactly is bankruptcy? |
What happens when you go through it? |
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CreatingMyself
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Congress created bankruptcy to give creditors a "fresh start." There are two types for consumer debt.
The first is a Chapter 7, where you get rid of your debt, and never pay it again. (You can keep your house and car if you don't have too much equity in them, as well as household goods and clothing, within the stated guidelines.) The laws changed last year for bankruptcy and it is harder to file a Chapter 7 now.
The second type if a Chapter 13, in which you pay a portion of your debt back through the court over time. Part of your wages are deducted and sent to the bankruptcy trustee for disbursement to your creditors. You might pay as little as 10 percent of your debt back to the creditor, but they'll get something with this type of case.
Once you file bankruptcy your creditors cannot call you or bother you to try to get you to pay them. They have to leave you alone, which is a great relief to many filers.
Many attorneys will give you a free consultation.
A bankruptcy of either type can stay on your credit report for up to 10 years after discharge. Most people can buy a car almost immediately after a Chapter 7, because creditors know you don't have debt anymore. After two years with clean credit after your bankruptcy discharge, you should be able to purchase a home (although you may pay a higher interest rate.)
Consult with a local attorney for all the facts. |
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rogerschan
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U have debt More than What can Own even u sell them all ( house, car, wife hehe kiding)
when u declare bankrupt u will be in a special condition. U cant buy car, or house or anything luxery, Only food and transport to work.
whatever u earn, almost 90% goto ur debtor until u pay them ALL!!!
Debtor (person u own money to in case u ask) |
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walker226
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Your credit is screwed for 7 years after you file for personal bankruptcy, but it wipes out pretty much all unsecured debt. Consult an accountant or bankruptcy attorney for details. |
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Help Me
 |
Lets c its when u live like a poor person |
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Milton Egbert
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Its when you become a Po' Boy |
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jhvesterjr
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If u dont know then u have enough money to not care!
Stupid |
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Mr. Wizard
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The court declares you can't pay off your financial obligations and your credit score goes down the toilet. The judge warns you if you go over your head in debt within the next 7 to 13 years, not only will you lose your house---but you go to jail as well.
Bankruptcy: it's a lose/lose situation for you; a win/win for attorneys on both sides. |
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ianvill151869
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The financial status of a firm that has been legally judged either to have debts that exceed assets or to be unable to pay its bills. Formal bankruptcy may result in reorganization and continued operation of the firm or it may require liquidation and distribution of the proceeds. In either case, most security owners, especially shareholders, are likely to suffer losses. Stock transaction tables indicate that a company is in bankruptcy proceedings by appending vi or q immediately before the name of the stock. |
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Dogma
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Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay their creditors. A declared state of bankruptcy can be requested by creditors in an effort to recoup a portion of what they are owed; however, in the overwhelming majority of cases, the bankruptcy is initiated by the bankrupt individual or organization. |
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shakayconia
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Bankruptcy is being drowned in to much debt without enough income. You will have the option to file either Chp: 7, 11, 13 and in some cases 12. All depending on your situation meaning your amount of debt. BASICALLY A GET OUT OF JAIL FREE CARD!!!!!!! But it will show on your credit for 7years. It may or may NOT stop your for getting approved for anything else in the future... |
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B-E-A-UTIFUL
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it when your poor |
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Katherine C
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Bankruptcy is filed in court when you have a large amount of bills and for some reason,medical, lay-off,or other circumstances you ca'nt pay the bills. The legal process will allow you to be released from the debt, but your record will reflect the bankruptcy for 7 years. I will say this will allow you to make a clean start,you will be a higher risk for lenders. |
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Michelle F
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You look at what property you own, your debts, the institution you file with will determine what you get to keep and what you do not, what you pay to file and they basically eliminate your debts. The amount collected from you will then be distributed between those you owe money to. Most likely they will only get a very small percentage of what you actually owed them. |
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kimted_95132
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When there is no money to pay to mountains of debts, no job, no resources and no way out except filing for insolvency/bankcruptcy. |
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micky_blueyez
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Its not when your poor..its when you have too much debt and you are struggling to make the payments. Then you go before a judge after filing, and he determines if you are in fact in debt. And basically after he finds you are, your slate is wiped clean of debtors, and it stays on your credit report for seven years. |
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