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Posted on 9/20/12 at 9:13 pm to c on z
John L Smith in debt? No way! He seems like the type of person everyone would listen to when it comes to money. Smile.....SMILE! ..or I'm not giving you financial advise!
Posted on 9/20/12 at 9:17 pm to bctiger6
If you owe 25 million and then file bankruptcy and it is wiped clean that is a f'd up law. There has to be more consequences than that.
Posted on 9/20/12 at 9:26 pm to highcotton2
Chapter 13 all debt that can be paid back within 60 month payments are not, most company's will post the payment straight to the principal to reduce the debt and end up charging off the remaining balance. Chapter 7 all unsecured debt is charged off, you can reaffirm on secured debt or give it up. The courts can also take your assets and sell to pay toward your debts. Its not like you are wiping the slate clean, Bankruptcy will report on your credit report 7 - 10 years.
Posted on 9/20/12 at 9:27 pm to DaleDenton
quote:
Can you imagine how giddy these rantards are getting when they find this out?
They are probably thinking they are going to pwned all those Arky fans on SECRant.
:superbowl:
OMG SO RIGHT!!!!1ONE LOL I KNOW HUH?!
Posted on 9/20/12 at 9:31 pm to BIGFOOD
Posted on 9/20/12 at 9:34 pm to Elleshoe
quote:
OMG SO RIGHT!!!!1ONE LOL I KNOW HUH?!
Yeah, pretty much.
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