Question about filing a bankruptcy?
445517
Once the bankruptcy is final, you can get all sorts of loans ( but at very high interest rates)\n\nBut honestly, if they are already filing bankruptcy that means they have lived and spent beyond thier incomes.  Why should they want to start out with new debts already.\nIt is a trap.  they should get all of their money in line first and work out and live on a budge before going back into debt.
156962
Until the person actually files bankruptcy, you can proceed in attempts to collect the debt in any manner allowed by law.  Once the person files for bankruptcy, you must obey bankrupcy law and observe the restrictions of the automatic stay.\n\nIf the person files a Chapter 13 as you mentioned, they will be proposing a plan to pay back a portion of their debts over time.  With the new bankruptcy reform laws, attorneys are working harder to make sure all creditors are listed.\n\nOnce the bankruptcy has been filed, you can file a proof of claim even if you are listed as a creditor.  If there are are any assets or proceeds to be paid to creditors, you will receive your pro rata share.
1074672
Contrary to what other posters have said, bankruptcy will stay on your credit record for 10 years, not 7.\n\nYou will eventually be able to get credit after the bankruptcy though it may be a few months and the rates will be extremely high.  It's actually not that hard to start rebuilding your credit after bankruptcy as lenders know that you CAN'T file again for 7 years so they will get something from you.\n\nThere's no way around the high rates and fees that you'll encounter; it's a fact of post-banrkuptcy life.  Just take it easy on the expenditures and as your credit score inproves, ask for lower rates.
255352
In most cases, after you have declared Bankruptcy and been discharged of all your debts you become a "better credit risk" that you were before.  You should have no trouble in obtaining a loan for a car [provided you need one...if not dont go that way].  Of course you must be able to show that you can pay for it based on your income.  The interest for anything you do will be high from now on....You can also try for a loan from a small loan company that reports to the credit bureau...borrow around $50 to $150.00 and pay it on time [basically three payments]....then go for one in the $150-$300 range and again pay it a few days ahead of schedule...make sure the place you go (1) report to the credit bureau and (2) is going to give you the loan - since credit inquiries cost you "points" on your credit score.  Last try for a "store" card....department store, ask for low credit line....talk to them first before you file an application for there card.
209576
Yes I did.  \n\nDue to a ton of stupid mistakes, life disasters, and unforseen problems my life was being destroyed.  \n\nThe new bankruptcy law was about to go into effect.  I was like thousands of others who was on the "bubble".  Waiting to file would cost us far more money.  \n\nI did not see any way of getting ahead for several years.  If I filed for bankruptcy I would be messed up for 5 years (the period of my "plan").  \n\nNo, I am not happy I filed, it's a very depressing time in my life right now.  But the alternative would have been much worse.\n\nThe sad part is if a few of my creditors would work with me....if a couple credit card companies would restore my low credit card rate (accidently went over my credit "limit" and got severely punished)...\n\nNone of them would.  20 years if extremely good credit gets ignored.  So now they get nothing more from me....I guess that's the only silver lining in all of this.\n\nI read that 2/3's of all the chapter 13 bankruptcy plans fail.  I believe it.  \n\nNow I spend a lot of time counseling people on how not to make the same mistakes.
757006
In order to file for bankruptcy they have to show all of the account records.  If the company has shredded financial documents they can not file bankruptcy because they can not show proof of financial records.
699192
Was your bankruptcy a no-asset case?  If so, you might not have to worry.  In some jurisdictions, the courts will consider all debt discharged even if it was unintentionally left off the creditor list.  \n\nDo you still have your papers from your bankruptcy?  If so, dig out the letter that tells the date and time of the meeting of the creditors and mail a copy to the creditor.  It might be all that is needed to take care of the matter.
371205
When you first contact them let them know you have the bankruptcy and ask them if it will be a problem.  If they tell you they don't usually rent to people with bankruptcy move on.\nAlso you may have establish a history with a large complex or rental company and work your way up the list.
859021
If you're in deep debt (like over $25,000) you might want to consider it. I was over $28,000 in debt and I decided to file Chapter 13 (Repayment plan). It was the best move for me because I would have never paid off my credit card debt. True, Bankruptcy does stay on your credit report for at least 7 years, but it's worth ridding yourself of the aggrevation and stress of not having any extra money to save. I filed in 2001 and have finally got my credit back on track. Plus, my bankruptcy will be removed from my report in 2008. Contrary to what you've heard about it, there are still many places that extend credit to you even after a bankruptcy. If you're deep in debt, talk with a lawyer and get the facts.
668619
How about develop a plan to get out of debt and not file bankruptcy?  Bankruptcy doesn't solve the problem.  Many people that file bankruptcy just end up in debt a few years later because they didn't address the problems that caused them to go into debt.  \n\nFor most people, the problem is just not managing their money well.  \n\nI would suggest you checkout Dave Ramsey (see link below).  He teaches a course (Financial Peace University) that has helped thousands of people get out of debt and manage their money better.  \n\nMy wife and I went through this course 2 years ago and it changed our lives.  We're now debt free and helping others (by teaching the course) do the same.
662752
I can't stand you people who are giving horrible advice. If you file suit against someone and they file bankruptcy, you are still able to collect. Judgments are non dischargeable when filing Bankruptcy. Any court order form of payments are nondischargeable. You get a judgment and record it with the clerk/state, it is vaild for 10 years and if the defendant receives any money or assets you can place a lien on them. Also, if you get a judgment you and your attorney can file a citation to discover assets to get your settlement. They will then need to sell any assets they own (up to a certain amount) to satisfy your judgment.\n\nDo not take the first amount the insurance company offers you. You can get more. Even without an attorney you need to ask for things other things like gas that was in your car, if you had new tires, they usually will pay the tax on a new car up to the value of your old car, the title and license. You can accept the check from you insuance company and then sue her and her insuance for reimbursement. Your insurance will put a lien on the amount you recover usually 2/3s of what they paid out. Don't give your insurance company any information that will incriminate you. You can tell them you are seeking counsel and will be intouch with them about it.\n\nIf you are moving out of state, you need to make sure that you are able to go back to the county that you are moving from because you need to file suit in either the county you lived when this happened, county it happened in or the county that she live in. (assuming they are all different)
273617
Okay heres the truth:\n\nOnce you file for bankruptcy, your credit is done for a bit. Any new bills YOU MUST PAY OFF RIGHT AWAY, no collections... make sure NOTHING IS LATE EVER!!! You will need to wait a while before you can begin to get and rebuild credit. It has been about a year now so we can start (the Bankruptcy will be reported to your CR (credit Report) for 7 years)\n\nGet affordable things: NO CREDIT CARDS!!!! not yet\nmy sugesstion is get a cell phone for a years contract- DO NOT BE LATE EVER (EVEN BY A DAY) on your bill and py the full due amt always. This will be reported on your c/r that you have a revolving account (an account that is reoccuring every month) that you pay on time always! After 6-8 months you may wnat to consider getting a sears card and buyg somthing small (around 100 dollars) and taking 3 months to pay it off- Pay over the min balance everytime- and then on the 3rd month pay it off. this will show positivly on your credit report. Stay slow and small- keep it affordable and don't be late on you movie rentals, rent, morgage, power phone, cable... PAY ON TIME always and more than the minimum balance... in 2-3 years you'll have a report that will hopefull over shadow that Bankruptcy.\nalso only check your c/r once a year everytime you check it or have somone else check it, it lowers. you can check it free once a year by going to www.annualcreditreport.com\n\n-hope that helps
1043686
I can say that the pro's are that you can have a lesser payment monthly for most of your credit problems, but since the new law change in 2005, a lot has changed.  Payments such as house, rent, utility bills, can't be placed on it, and it stays on your credit for atleast 10 yrs.  Everything you are in debt for has to be placed on record, so, depending on how much that is and how much your income is, you still may not be able to file bankruptcy.  Also, it's not cheap to file regardless to what legal services may tell you.  Once filed, everything of substantial cost has to be approved thru your Trustee's office.  You'll pay almost twice as much for anything of credit, if it's excepted, for a very long time.  The main thing is that if you decide to file bankruptcy to hold on to items like cars, trucks, house, and get behind for any reason, it will still be taken after making this effort.  So, unless there is absolutely no other way, by contacting the creditors and working out a lesser payment till caught up, (your best option), don't do it. It would be better to show good faith in taking care of your obligations, (stop charging on cards, go out less to eat, get rid of the cable, and other things that are not a must), and pay the agreed payments on time, than to get farther behind and do nothing.  Creditors respond to that type of attempt.  Good luck!
498793
This is why you should not do your own bankruptcy.  Hire an attorney and let him/her help you.
44840
Tough luck. \nThey just changed the bankruptcy laws in October '05. \nNow it costs more to file, but before you can even file, they make you jump through a bunch of hoops, and I guess their pushing chapter 13 (the payback plan)...\n\n\nGood luck!
628859
Depends on 1) how long ago the bankruptcy was 2) where you credit stands now 3) where you are financially now and 4) how much the loan is for.\n\nEasiest way is hit the bank and ask.
1139131
either way you will need a bankruptcy attorney. the purpose of the corporation is to protect your personal assests no matter how big you are. if you used any personal property to gaurantee anything you can lose it. anything you personally agree to cover is a binding contact. but there are new laws now that make it harder to file.