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Old 10-31-2012, 05:34 PM
ASUADPi ASUADPi is offline
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Join Date: Apr 2003
Location: Phoenix
Posts: 6,361
bankruptcy

I'm not sure why I thought of this, but there have been tons of commericals (on tv and radio) about filing bankruptcy, so I got to thinking...

How does bankruptcy really help someone?

Say for example someone has credit card debt up to 5k, a car loan and student loans. How is bankruptcy really going to help them? Nothing can help you with your student loans (don't even get me started on that BS). Would my fake person have to give their car back? What about the credit cards?

I guess I'm a dork and just wonder about the most random stuff. LOL.

My parents filed bankruptcy like 20 years ago and when I questioned them about it like 5 years ago, they just said that their credit score was pretty bad for like 7 years but with the bankruptcy came like a "new" credit (like wiping the slate clean).
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