Originally posted by Ex-Mean'Tour:
Weird place I know. Anyone know much about it? Anyone ever file? What are the negatives?

I'm in MA. I think we are about to file 13, don't have much choice.



I would try and avoid, anyway you can. My Dad has filed twice. It seems like everyone that I know who files, or has filed, almost regrets making that decision. I used to work collections for a bank, and dealt with a lot of bankrupt customers. I can't imagine going to get a loan, and seeing 20%+ as an interest rate, and not being able to do anything about it for atleast 7 years. I know you aren't looking for financial advice, but is there anything you can eliminate from your normal, everyday routine, that can help you avoid bankruptcy? Car payments, large mortgage payments, high interest credit cards?

I guess, the thing I would like to see you avoid, is not learning anything from a bankruptcy, as I've seen way too often. Most people, I guess, use it as an easy way out, and get themselves right back into the same situation, just a few years later. Good luck with whatever you have to do, I know it's not easy!

Mark

2000 Black CSVT 3.0L Hybrid - 206fwhp & 195fwtq