The Truth About Bankruptcy
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I shake my head when I hear of Americans going bankrupt because of medical bills. Get National Health Care you dolts, like every other country in the developed world. Have you not figured out the insurance companies are taking you for a ride ?
1 year ago 5
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Thank you for your insights.
I have over a quarter of a million in outstanding medical bills. Thanks to the advice you've given, the decision to file bankruptcy became easy.
I'm signing my petition this upcoming Monday. Thank you for telling the truth about bankruptcy.
2 years ago 3
All Comments (73)
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ty
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I filed a Chp 7 myself for free.
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there's always money in the banana stand.
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@mscmatt People are not abusing the bankruptcy system for the most part. However, keep in mind that in 2005, Congress did pass a bill to help eliminate any abuse that may be out there.
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Agreed, bankruptcy is a tool provided to Amercians.
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Sometimes things happen and there is no way out.
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I am sure people can file bankruptcy for themselves but there are so many Attorney's out there and the price is relatively inexpensive.
SecondStart 1 month ago
Ok, but what if you're on the fence? how many years of struggling is too many when faced with the downsides of bankruptcy?
CheeseburgerParade23 6 months ago
@CheeseburgerParade23 what you think is a downside may not be. If you had filed when you started struggling your credit would already be fixed.
SecondStart 5 months ago
Mscmatt, you could not be more mistaken. I think people should be able to file bankruptcy once a year. Could you imagine how people would really go for it with great ideas. Do you know why the model T was the first mass production car? The reason why was because A through S failed. Go look how many times Henry Ford had to file for bankruptcy. I don't know about you but If my Heirs end up owning a professional football team I doubt they will consider me the scum of the earth. good luck
SecondStart 1 year ago
Bankruptcy attorneys it seems to me provide an important service; but, how do they make a living?
PatzerKing 1 year ago
@PatzerKing They charge upfront for their services when somebody is filing a chapter 7 and overtime when the party is filing a chapter 13. I know that many and most who file do not have a lot of money but the cost to file is much less than anybody's debt/
SecondStart 1 year ago