Home     Forum     401k     401k Rollovers     Crypto Forum
    Register   Login   Members   Search   FAQs     Recent Posts    



Bankruptcy Is Sometimes the Best Option (2007-06-25)

Reply to topic
Money Talk > Personal Finance

Author Thread
marotta
Senior Member


Cash: $ 81.84

Posts: 332
Joined: 19 Nov 2004

Bankruptcy Is Sometimes the Best Option (2007-06-25)  Reply with quote  

Bankruptcy Is Sometimes the Best Option (2007-06-25)

by David John Marotta

Most people want to honor their debt. But many families have allowed their debt to spiral out of control, and they feel helpless, ashamed, and at a loss to know what to do. While bankruptcy isn't anyone's first choice, sometimes it is an important choice to consider.

Read the complete column at http://www.emarotta.com/article.php?ID=236

David John Marotta
Marotta Asset Management, Inc.
Fee-only Financial Planning
http://www.emarotta.com
Post Mon Jun 25, 2007 8:29 pm
 View user's profile Send private message
Case-Face
Full Member


Cash: $ 0.35

Posts: 75
Joined: 21 May 2007

bankruptcy  Reply with quote  

I read on article once about a married couple who filed for bankruptcy b/c they kept trying to keep up w/ their neighbors and ended up living out of their means. So in the end, you just know who amongst your friends (or even family) is in a rut and has had to file. It really is nothing to be ashamed of, just happens to those who aren't keeping track of spending.
Post Wed Jul 11, 2007 5:06 pm
 View user's profile Send private message
rachel59
Member


Cash: $ 2.00

Posts: 10
Joined: 20 Jul 2010
Location: north carolina
 Reply with quote  

please investigate the new bankruptcy laws before filing. It is very risky. Debt settlement with a legit company is a better way. Any questions?
Post Tue Jul 20, 2010 3:02 pm
 View user's profile Send private message
VirgoSpeedRacer
New Member


Cash: $ 0.60

Posts: 3
Joined: 23 Jul 2010
Location: NJ
 Reply with quote  

quote:
Originally posted by rachel59
please investigate the new bankruptcy laws before filing. It is very risky. Debt settlement with a legit company is a better way. Any questions?


Yea I think debt resolution is a better idea than bankruptcy
Post Fri Jul 23, 2010 2:20 pm
 View user's profile Send private message
ChrisLewis045
New Member


Cash: $ 1.20

Posts: 6
Joined: 22 Jul 2010
Location: atl ga
 Reply with quote  

I think debt resolution is a better Idea.
Post Mon Jul 26, 2010 1:19 pm
 View user's profile Send private message
calvin.m
First Time Poster


Cash: $ 0.20

Posts: 1
Joined: 04 Aug 2010
Location: india
 Reply with quote  

Bankruptcy never been the option to be consider, it is a situation which you should avoid. Try and find out solution with bankruptcy lawyer or expert.
Post Wed Aug 04, 2010 11:05 am
 View user's profile Send private message
whitebeach
Contributing Member


Cash: $ 5.20

Posts: 26
Joined: 02 Aug 2010

 Reply with quote  

from my knowledge debt resolution is better idea.....
Post Wed Aug 04, 2010 2:30 pm
 View user's profile Send private message
teal1066
Contributing Member


Cash: $ 5.40

Posts: 26
Joined: 23 Aug 2010

 Reply with quote  

If you are bankrupt you can take a loan to settle it down.You can take loan online to solve the problem.Now a days online loans are available which can help you out in this.
Post Mon Aug 23, 2010 1:35 pm
 View user's profile Send private message
mukeshkkashyap
Full Member


Cash: $ 21.20

Posts: 99
Joined: 05 May 2010
Location: india
 Reply with quote  

please investigate the new bankruptcy laws before filing. It is very risky.
Post Thu Aug 26, 2010 6:41 am
 View user's profile Send private message Send e-mail Visit poster's website
teal1066
Contributing Member


Cash: $ 5.40

Posts: 26
Joined: 23 Aug 2010

 Reply with quote  

Do you really think that bankruptcy is better option sometime.In which situations you are talking that bankruptcy is better.
Post Thu Aug 26, 2010 10:09 am
 View user's profile Send private message
Adria.John
Preferred Member


Cash: $ 32.60

Posts: 162
Joined: 20 Apr 2010
Location: UK
 Reply with quote  

There are many reasons individuals may file for bankruptcy. Filing may have been precipitated by the loss of a job, marital problems, medical bills or even poor planning. Filing for bankruptcy can help to protect your home from creditors. When you file for bankruptcy, creditors cannot garnish your wages or put liens against your home. Within three to five years, you can have those old debts satisfied.

Loan Expert!
Post Fri Aug 27, 2010 1:05 pm
 View user's profile Send private message
teal1066
Contributing Member


Cash: $ 5.40

Posts: 26
Joined: 23 Aug 2010

 Reply with quote  

If you are bankrupt you can take loan to avoid bankruptcy.Online loans are really helpful when you need fast cash.
Post Tue Aug 31, 2010 1:58 pm
 View user's profile Send private message
StockTrader6080
Contributing Member


Cash: $ 7.65

Posts: 38
Joined: 26 Sep 2009

 Reply with quote  

You can still avoid bankruptcy and stay afloat by selling your property or any asset that you hold. This can buy sufficient time to work your way through.
Post Fri Sep 03, 2010 3:21 pm
 View user's profile Send private message Visit poster's website
wystanfi
Member


Cash: $ 3.40

Posts: 17
Joined: 11 Dec 2010
Location: Location ip mismatch
Bankruptcy Attorneys  Reply with quote  

Bankruptcy attorney will help you to understand the rules who affect you.it will also help you about creditors harassment.
Post Fri Dec 17, 2010 1:08 pm
 View user's profile Send private message
wystanfi
Member


Cash: $ 3.40

Posts: 17
Joined: 11 Dec 2010
Location: Location ip mismatch
Re:Bankruptcy Is Sometimes the Best Option  Reply with quote  

If u filling for bankruptcy u need to know bankruptcy code. Four main types of bankruptcy are described in the Bankruptcy Code: Chapter 7, Chapter 11, Chapter 12, and Chapter 13.
Post Thu Jan 20, 2011 4:54 am
 View user's profile Send private message

Goto page 1, 2  Next
Reply to topic
Forum Jump:
Jump to:  
  Display posts from previous:      


Money Talk © 2003-2022

Crypto Prices