Bankruptcy

[BeardedOne]

Bankruptcy. An ominous word. Anyone been through it or touched on it?

[Jericho]

Yeah.
Don't know what it's like in the states, but, over here, the first year sucks balls.
After that, not so bad (bit of a relief, in fact)

[SarahG]

As counter intuitive as it sounds, it costs a surprising amount of money to declare bankruptcy in the United States. ...and it won't do a thing for student debts generally.

[rockabilly]

Thought about it.

[trish]

I sorry you're thinking about, BeardedOne.

[slinky]

7, 11 or 13?

[Schimmel]

My understanding is to avoid it at all cost. Yes it may seem like a ray of sunshine on the horizon to the fool who dug himself a deep hole and can't seem to dig himself out, but it's not worth it in the long run. Credit score will take a huge beating, banks won't touch you, clouds of rain will follow you, and your cock will shrink.

[flabbybody]

7, 11 or 13?

most folks think bankruptcy is a humane way for individuals to resume their lives with some semblance of protection from evil creditors.

the irony is that 11 and 13 are used by big corporations to reorganize themselves by screwing their share and bond holders.

Just wait until BP uses both statutes to get out of paying victims of the oil spill. Claims made by Gulf people who have been economically destroyed will simply go to the back of the line. The company will be allowed to continue to stay in business as the courts take years to sort out its endless liabilities.
That $20 billion fund Obama wants is just a farce

[zorga]

My understanding is to avoid it at all cost. ....

No. It's a state where you/your business are. I don't see anything to be ashamed of. but it's depending on culture and background. i guess.

[goliath_91710]

... and your cock will shrink.

That clenches it! I'm gonna give this "bankruptcy" thing a try. I'm tired of lugging this god damned monster around!