Has anyone ever declared bankrupt?
552077
You cannot get rid of his student loan debt, except in very rare and extreme circumstances.  Bankrupcty would be a good option if he has no property he can liquidate (sell to pay debts).  The bankrupcty trustee will make sure that he has no assets (stuff to sell). If his income is above the new standard, he may have to pay back a portion, but that probably isn't the case.  Good Luck!
289695
That's a very good question.  And the answer is, in general, no.  You would have to file a complaint to determine dischargeability of debt alleging one of the grounds in Section 523(a) of the bankruptcy code.  And the cost of that complaint might be more than you would ever collect on the check.  But if they bounced a big check intentionally with the intention of defrauding you, for example, you might have reason to pursue that kind of case.
265642
I didn't know you could get fired for bankruptcy. Fired from what? Well if you have a job and you file for bankruptcy I think that is just plain stupidity. What? Did you just not go to college long enough to find you a well-paying job? Or did you even go to college? I would say someone like that would be bankrupt from their mind!
718068
I've done it before.  I just had my lender send a letter saying I didn't qualify for financing.  I even got my earnest money refunded.
786744
It sure sucks, doesn't it?\n\nI know of a couple of cases....\n\nFiled for Chapter 7 and one week after confirmation they went out and got a brand new car, projection TV, furniture and other junk.\n\nAnother person I know owed $4,000 in back rent then they filed for chapter 7.  Once done, they somehow managed to find $8,000 for a down payment on a new home!
93418
It is possible for one person to file more than five bankruptcy petitions.  The questions is whether the Debtor who does so will receive a discharge in each case.  That will depend on the chapter, the amount of time that intervenes between the filings, and how the prior cases are resolved (dismissed, discharged, pending, etc.)  \n\nThe rules state in an earlier answer are obsolete for cases filed after the effective dates of the 2005 bankruptcy reform act (October 17, 2005 for most changes).  The waiting period is now 8 years for filing a second Chapter 7.  Also there are numerous new limitations on the effect of a subsequent Chapter 13.  If you are considering a second bankruptcy, set an appointment with a bankruptcy attorney.
231718
In the UK yes you can go bankrupt but you will not be able to get a bank loan, mortage or any form of loans for up to 5 years!!! My advice is stick it out! I have a £12,000/$24000 student loan!
787989
There's still a few other options other than bankruptcy.  Here's a good website that may answer your questions:\n\nhttp://www.fixmymess.com
766169
I don't think that filing bankruptcy changes the past -- you had the judgement and still do.  It's just been discharged via the courts.\n\nMost non-open items come off your credit report within seven years, but, realistically, keeping your nose clean for two years will immensely help your credit.
783411
I purchased some stock from a company who recently filed chapter 11 (lost some money, but that's another story), but I think they are required to send you or instruct your agent to send you notice of their filing.\n\nI am not sure, I only deal with chapter 7 and 13 bankruptcies.
815720
they are just trying to intimidate you. tell them you are going to declare yourself bankrupt. you will find their attitude usually changes. if you go to court they do usually take a lenient view if you can show you have the funds to make the payments.
400076
Yes, I just did.  I did a chapter 13 a month ago.  I had to do a one hour telephone interview with a bankruptcy approved consumer credit counselling service (my attorney gave me the phone number), and they gave me a certificate that said I was approved to file a bankruptcy, which they sent to my attorney.  All of my unsecured debt was released, and I'm on a 5 year payment plan with the bankruptcy trustee to pay off my cars, and some income taxes.  Almost $10000 of credit card AND payday loan debt was washed away!  Saved my life!  Good luck!  (BTW...Torkhum, one of your answerers, doesn't know what he's talking about...the new laws only effect about 2% of the population when everything is said and done, once you get bankruptcy approved interview with the CCC service your attorney recommends to you)
206321
Bad credit YES.\nWorth it YES.
760202
If you are totally desperate, and you have no assets to protect, you can file bankruptcy pro se. Many have done this.\n\nIt's harder now under the George W. Bush-sponsored 2005 Bankruptcy Code amendments. But it can be done. There is help online, especially at the newsgroup alt.bankruptcy http://groups.google.com/group/alt.bankruptcy?lnk=sg&hl=en\n(You need to register with Google. Set up a new Yahoo! or Hotmail account for that, otherwise you'll be bombarded with spam once  your real e-mail address gets online.)\n\nYou need to go through CREDIT COUNSELING first. There is a list of approved agencies, some online. Some of them -- perhaps most -- will waive their fee for really indigent people.\n\nYou CANNOT FILE until you have had that "counseling". It's a waste of time, of course, but it's part of Bush's law -- and the credit card companies bribed Congress to pass it with $40 million in campaign contributions (it didn't help the Republicans win, but it did get them the law they wanted). http://www.usdoj.gov/ust/bapcpa/ccde/cc_approved.htm (list of approved counseling agencies) \n\nSo all you'll need is money for the forms (you can hire a forms-filler person, but really you can do them yourself) and the filing fee ($299 for Chapter 7). Or (best of all) use Blumberg.com http://www.blumberg.com/ -- you may be able to do it for $50 online, although I'm not sure how that Web site works and don't have the time right now to figure it out. (I know the company's other forms very well.)\n\nI suggest you get the Nolo Press book on bankruptcy: http://www.nolo.com -- perhaps your public library has it, or maybe you can get it even cheaper on eBay -- but Nolo is very good for do-it-yourself lawyering.\n\nThere is other free legal help, but really bankruptcy isn't difficult when you have no assets (home, car, valuables) to protect. You get certain exemptions, depending what state you live in. Some states (Florida, Texas ...) are generous; others (Ohio, Illinois ...) not. But when you have nothing, it doesn't matter. Once you get a discharge, you will use debit cards. \n\nOpen an account with a bank where you have no loans or credit cards, and have only a few dollars in it when you file. And make sure you have no money in any bank you have loans or cards with because they will take that money -- even your unemployment check -- as an offset to your debt.\n\nVisit the bankruptcy court. Sit in on some sessions, talk to people there. Even lawyers if you like and if they have time. Also sit in on some "341" meetings of creditors where the bankrutpcy trustee interviews the debtors. You will be less apprehensive if you are familiar with what's going on.\n\nGood luck.
374132
In the UK, filing for BK is an ACT of bankruptcy. Such a filing would be a public record if you knew where it was made.
203134
Many people have.  This question has been asked a couple of times already.  They violated predatory lending laws, and charged excessive fees that in most cases resulted in the acount having less money in it when it was closed then when it was opened even.
181914
Ask your bankruptcy lawyer, they will know.  It won't hurt to try.