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Topic | anyone here ever file for bankruptcy? |
TheBlueMonk_ 12/11/20 4:49:13 PM #9: | PoundGarden posted... It's not the end of the world but also shouldnt be done lightly. Some debt is not forgivable, plus it costs a fair amount of money to file. If you have any assets (metal, firearms, anything) you will have to forfeit or pay a portion of their value. They'll also take tax returns, property tax returns basically any "extra" money you're due.thanks for sharing. yeah im deep in the hole. every month im coming out in the negative by nearly a thousand dollars. i dont have any assets i dont think. my bitcoin? i dont mind giving that up. thats good that you keep your car. i was worried id lose that since yeah its an asset, but i mean its only worth 2000 dollars. Zanzenburger posted... I did many years ago. Hit a rough patch with some investments not panning out like they should have and some unexpected family medical expenses. I filed Chapter 13, which is essentially a reorganization where you pay back all your debts to one trustee for a period of five years as a percentage of your annual income. Then, whatever you owe after those five years is forgiven.thanks for this reply. yeah i was confused on the two types, so that helps. who determines what you get? do you apply for a specific type or does a judge decide? --- Park Minyoung NOONA <3 https://imgur.com/F5yuHSF ... Copied to Clipboard! |
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