Does anyone know the laws of personal Bankruptcy?

Discussion in 'Archived Threads 2001-2004' started by Robert_eb, Apr 18, 2002.

  1. Robert_eb

    Robert_eb Supporting Actor

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    A friend of mine is going thru some tuff times and I was wondering if anyone has knowledge of personal bankruptcy.
     
  2. Todd Hochard

    Todd Hochard Cinematographer

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    Did that bill ever pass that made it harder for someone to claim bankruptcy? I don't know.
    I'd look at ALL options before going down that road, but I am VERY VERY protective of my credit rating. I guess it's my irrational fear of returning to my po folk roots.[​IMG]
     
  3. LDfan

    LDfan Supporting Actor

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    use it as a last resort. I don't think that bankruptcy will clear the debts anymore, only give the person unlimited time to pay it off or something. I may be wrong though. There are other options like the credit counseling places such as consumer credit counseling service. Have your friend give them a call before doing anything else.

    Jeff
     
  4. KyleS

    KyleS Screenwriter

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    Totally agree that this should only be used as a last resort AFTER contacting a credit agency and the credit card companies to try and set payments up without incurring anymore interest.

    KyleS
     
  5. Brian Perry

    Brian Perry Cinematographer

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