To BK or not....

3,490
views
5
replies
Last post made 14 years ago by genenco
genenco
  • Started by
  • genenco
  • United States Mighty Member 3032
  • last active 7 years ago

Back to list

Readers of this topic also read:

  • hey I need help please I was with lucky owl club about 4 or 5 months ago I joined and I spent about 20 or $30 a week well finally I hit for $3,300 and they have them give me the runaround for now for...

    Read

    RESOLVED: Lucky Owl Club - Withdrawal is...

    14 1.54 K
    2 months ago

  • This site claims that all processes at Magicianbet are AI-powered, so the review, KYC verification, and cashout process only take a few minutes, even though they explicitly state it takes less than...

    Read

    CLOSED: [due to the submitter's inactivi...

    8 1.25 K
    2 months ago

  • Went to log in and used Google quick log in by mistake and accidentally created a second account with the same email!? Then logged into my original account and it had been banned, the money was...

    Read

    CLOSED: [due to the submitter's inactivi...

    4 997
    2 months ago

Please or register to post or comment.

  • genenco
    • Started by
    • genenco
    • at Jan 02, 12, 05:00:16 PM
    • United States Mighty Member 3032
    • last active 7 years ago

    Well, I thought I'd check my credit report. I am fully aware of past mistakes and wondered how they were fairing. I found my total of bad debt is just a bit under 27K.  embarrassed embarrassed

    Now back in 1995, I filed CH 7 on over $30K (Most was cash advances/Gambling addiction) and so I found out that even if you do go this route, the pain in not bad unless you have more then 1 car and possibly a house. Since I had neither, the pain was nothing.  wink wink

    Now I "Could" wait another year and they'll basically drop out as the statute for my state is 6 years. Not that they can't bug me for repayment, but legally they can't win in court. Or, I could just file and be done with it. That would mean I have to stay renting for a bit longer, I "Might" get hit with having to repay some of the debt (Bankruptcy is not as loose as it was before the legal changes, repayments as low as $50 a month aren't uncommon)  dizzy dizzy

    So, I am debating doing such. I know some here would say I should repay, I'd like to frankly, but that debt is just a tad much and unless I won a medium lottery prize ($40K or so) I just cannot see this occuring.  hysterical hysterical

    So, I'll be pondering my options. 8'| 8'|

  • Imagin.ation
    • Replied by
    • Imagin.ation
    • at Jan 02, 12, 06:04:11 PM
    • United States Superstar Member 5026
    • last active 7 years ago

    Well, you also would have to take into consideration the length of time you would be repaying the debts, hopefully most will "make a deal" and lower the total due verses bankruptcy to be done and over?

    If the worse is over as in the abilty to take you to court, sue and collect through garnishments, then if you can deal with the harrasment.. one thing i have noticed is people who hav filed bankruptcy  tend to get credit established quicker.

  • Lipstick
    • Replied by
    • Lipstick
    • at Jan 04, 12, 03:50:35 PM
    • United States Almighty Member 13901
    • last active 1 year ago
    I think it really depends on the person as to the best route to go. If you really have hopes to buy your own house one day then prolly the best way to go is try to clear up your current debt and do a consolidation. You won't be able to use any credit cards at all if you do this. Plus many of these companies can reduce the amount you owe which is helpful.

    It would prolly take a couple years of paying to revive your credit where you can purchase something major. I would consider re-consolidation before bankruptcy if you are considering making payments anyway. It would look better in the long run on your credit rating.

    Lips
  • csjequ
    • Replied by
    • csjequ
    • at Jan 04, 12, 04:50:51 PM
    • Sweden Sr. Member 458
    • last active 8 years ago



    Can I ask.....what does To BK or not mean? Just curius and ch7, what is that?

  • genenco
    • Replied by
    • genenco
    • at Jan 05, 12, 01:31:14 AM
    • United States Mighty Member 3032
    • last active 7 years ago

    Thanks from:





    Can I ask.....what does To BK or not mean? Just curius and ch7, what is that?


    BK is short for Bankruptcy. Ch7 is the Chapter 7 which is a total clearing of all debts of the person seeking relief from creditors.

    I'm just debating/pondering if it would be better to wait or to just slash and burn.

Quick Reply

Please enter your comment.

lcb activities in the last 24 hours

Most viewed forum topics

Jovana1407
Jovana1407 Serbia 2 months ago
94

See all casino and sport bonuses available for your country on our FIFA World Cup themed page. We will also post updates in this thread for your convenience.
FIFA World Cup Bonuses And Promotions 2026

94 View
Bixy
Bixy Serbia 29 days ago
5

Detective Slots - Exclusive No Deposit Bonus New players only - US OK! Amount: 99 Free Spins on Cash Chaser How to claim the bonus: Players need to sign up through our LINK, and claim...
Detective Slots - Exclusive No Deposit Bonus

5 View
orcaspins
orcaspins United States 2 months ago
38

What's up, LCB crew! Welcome to Orca Spins, where big wins and exciting adventures are always just around the corner! Dive into a world packed with thrilling slots, rewarding promotions, and...
Orca Spins Support and Complaints Thread

38 View