Comments on: How I Avoided Bankruptcy

By: 107 Things That Make Good Financial Cents | Good Financial Cents -Jeff Rose Certified Financial Planner and Investment Advisor, Carbondale, Illinois

Mon, 15 Jun 2009 09:40:57 +0000

[...] Bankruptcy Like the Plague. Bankruptcy will follow you everywhere you turn. Try to do your best to avoid [...]

By: Jake Stichler

Jake Stichler — Wed, 23 Jul 2008 07:31:23 +0000

So…. what if I don’t have retirement, a way to consolidate, or a family member willing to help me out?

Eh?

By: Hobo

Hobo — Tue, 22 Jul 2008 20:47:43 +0000

Debt kid…almost gave me a heart attack there with the guest post…I read the title and thought maybe you were going the Casey Serin route of avoiding bankruptcy (foreclosure) by declaring bankruptcy (getting foreclosed on) 7 times.

“Wells Fargo…charged my loan off when it was 91 days late as per the contract I signed when I was 19 years old. This of course, further damaged my credit, and the only way to get this loan out of collections is to either pay it in full…or make payments for years until it’s paid off”

What does being 19 have to do with anything? You were over 18 and signed a legal contract. Hey, I know how to avoid bankruptcy! Simply don’t pay your bills and let it go to collections! Sadly enough, I know many many many many people who have used that route to “avoid bankruptcy” when they would have been much better just going the BK. I understand about the student debt not being dischargable, but in any other circumstance…

By: Jeepers

Jeepers — Tue, 22 Jul 2008 20:18:13 +0000

Nicole,

Yes. That is exactly what I am proposing.

By: Nicole

Nicole — Tue, 22 Jul 2008 19:08:50 +0000

And I meant Jeepers, not Jenners

By: Nicole

Nicole — Tue, 22 Jul 2008 19:07:53 +0000

So, Jenners, are you proposing that people in debt simply not have sex, or are you advocating for abortion?

Thanks for sharing your story, Debbie. Stuff does happen and you just have to power through it and pay until you’re done. Good luck in the future!

By: Jeepers

Jeepers — Tue, 22 Jul 2008 18:38:59 +0000

I meant to say “shining”, but shinning works too.

By: Jeepers

Jeepers — Tue, 22 Jul 2008 18:34:54 +0000

Nice. I love hearing stories about people that are having trouble paying their bills and decide to have kids. I mean how stupid is that? OK OK I can understand that stuff happens and maybe you end up having one, but to go and just have another when you have all these financial problems?!?!

Another shinning example of what is wrong with the country.