Originally Posted by
DarkStarr
Has anyone here committed bankruptcy? This is a very real possibility for me right now, and need to know everything I can. I'm getting info from everywhere possible and will be talking with my friends mom who knows a ton about it.
My parents and I are going to talk about it tonight as well.
I have...twice. After my first one I was able to buy a house and several cars while still paying the court. I got clipped 1% on home loan and a couple of % on car loans. I'm in the end of one right now. I filed after my liver transplant and they extended my payments by 6 months. Both times it was Chapter 13 where you pay a percentage of your debt (10% aggressive lawyer). It will be on my credit record for ten years but I can deal with that I have in the past.