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[quote=Anonymous][quote=Anonymous]My parents did this when I was young it was tough.  Your credit is shot for seven years so you will not be able to rent, buy a home, etc.  you will need someone (a family member) to co-sign for you in anything like that, car rental, cc, etc.

Bankruptcy Judge will not look at your cc debt and say ok, this is gone.  They will ask why should we erase this and how do we know you will not just run it up again?  Also they might take assets ie one of your cars, let’s say, to pay off your creditors.  And to be clear it doesn’t sound like you have a plan to live within your means so what exactly do you plan on changing?

Look instead for a legit non profit credit counselor unless you have some crazy predatory loans that the judge might take pity on.  [/quote]

This is so inaccurate. Op, please don't take guidance from someone who is conveying what happened to their parents moons ago. Bankruptcy does initially impact you, but it does not take seven years to recover. I found the process far less painful than constant calls from creditors and living paycheck-to-paycheck. All of my cc debt was discharged. The only debt I had to repay were some of the back taxes. The bankruptcy proceeding does not take place in a traditional court room. I went to the location in Greenbelt, which was very causal and fast. One lady who was seen before me was [u]GRILLED[/u] by the court, but that's because she was on her 4-5th bankruptcy, and she had other sketchy behavior going on. [/quote]

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