My credit is jaked up!!!! I have past due accounts from over up to ten years old still haunting me. No activity has taken place except for a recent garnishment of my funds from my savings account…$50. Should I just file bankruptcy? I have nothing to show for the past due accounts anyway! Plus the economy is in such a poor state that there has to be some kind of mercy for people who filed bankrupty during these economic hardships, right? I wanna do it so bad but will it hurt me in the end? I can save to buy a house for dirt cheap…I can go to an auction to bid on a vehicle…and I don’t really NEED a credit card. I can order a rush card or something. I DON’T KNOW. What is the best thing to do????
Originally posted 2009-08-11 04:15:36.
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{ 2 comments… read them below or add one }
Bankruptcy should be reserved for when you have assets to protect.
Close out your bank account, and open a new one (or just deal in cash until the statute of limitations runs on the judgments.)
When life begins to turn around for you, and you can see that you’ll begin to earn oodles of money, THEN, file for bankruptcy (if necessary).
As you r very confused about filing bankruptcy, you should take advice from attorney/professional.
Read more about bankruptcy as its law changes as per the area. link will help you to find the answer.