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when people file for this.....what exactly happens?
what do they do for them?
thx
what do they do for them?
thx
What does filing BANKRUPTCY do?
- Thread in 'General' Thread starter Started by memphisboi55,
- Start date
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It pretty much ruins your credit history.
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It is when they do not have to pay back their debts they owe? I am pretty sure.
When someone just can not pay for it they do this, and it totally ruins your credit.
When someone just can not pay for it they do this, and it totally ruins your credit.
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There's a few different ways to file bancruptcy -- with different repercussions... Be better off to do a google search.
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It means your b-r-o-k-e
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i know it means your broke... but , what are they filing for?
do they give them money... or what
say some1 is broke and they file... now what happens?
do they give them money... or what
say some1 is broke and they file... now what happens?
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I filed after my rent-a-spoon business never took off like it was suppose to.
You take out a loan from the bank and cant pay it back after so many years so you file....so many people file its crazy and they getting younger and younger.
You take out a loan from the bank and cant pay it back after so many years so you file....so many people file its crazy and they getting younger and younger.
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Somethin like you can't have anything to do with credit and whatnot for 7 years.
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Wait... can you explain what your rent-a-spoon business was?
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s dubl
Supporter
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Yeah, I heard there is new laws that you'll still owe all the money even if you file bankruptcy.
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THe 2 major types of Bankruptcy are chapter 7 and 13. Chapter 13 being the most common. In a 13 you pay a smaller single payment to the court system, who thenspreads out the payment to all the debts you owe. IT ends up taking forever to pay off all your debts, and noone will lend you any credit while you are inbankruptcy. CHapter 7 allows you out of your debts by returning the items purchased, thus forgiving the debt. There's more tp a chapter 7 but I am not asfamiliar with it as a 13.
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I filed after my rent-a-spoon business never took off like it was suppose to.
that was a joke right?
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that was a joke right?
Yes, watch Martin.
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yea the rent a spoon is a joke.... i think
i think i heard cole from martin use that, then mc hammer was talking about starting one..on the tv show martin
i think i heard cole from martin use that, then mc hammer was talking about starting one..on the tv show martin
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its simple. all you do is step outside and yell "I DECLARE BANKRUPCCCCYYYYYYY!!!!!!!!!!" word to michael scott
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thing is...if you ever file bankruptcy...that stays with you for LIFE...
yes...on your credit report...after 7 yrs it's gone....but on many loan applications...they ask the question...have you EVER(not just within the past 7yrs) filed for bankruptcy...and you will have to put yes.
yes...on your credit report...after 7 yrs it's gone....but on many loan applications...they ask the question...have you EVER(not just within the past 7yrs) filed for bankruptcy...and you will have to put yes.
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that was a joke right?
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I guess no one remember when Cole from Martin had that bright Idea to open up a Rent-A-Spoon restaurant,we provide the soup&bowl and you rent the spoon
lmao i did, and i think it was rent-em spoonscheck my ntname before you try and prove me wrong
D
Deleted member 38182
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Michael, it doesn't work like that
This man SchruteFarms, knows what hes talking about
