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I'd say that would all depend on your inocme level and how much debt you're in. If your making 50,000 a year and in about 100,000 debt, you could avoid bankruptcy. But if your making say 10,000 a year with a 100,000 debt, then your pretty much in bad shape. Also, can you pay your bills or can't you? If you legitimatly can't pay them, then you probably won't have much of a choice.I've filed bankruptcy myself, and it ***** to ever try to get a loan after that, cause it ruins your credit, and takes some time to rebuild. And i'm not saying that from something I read, but something that i've done myself. Many many lenders will automatically decline you for that, even if you're making a lot more money six years later, like myself. But four more years for me and it's off my record.My advice, avoid it if you can consolidate and afford to pay a reasonable amount per month. If your totally screwed, in a ton of debt with a low inocme, absolutely can't pay (not can pay, but just don't want to) the credit card bills, loans, whatever .then it may be best to do bankruptcy. Just don't expect to get any loans easy in the following 10 years.
What else can I help you with?
If you are an additional card holder on a parent's credit card account and you file bankruptcy will the bankruptcy appear on their credit?
The bankruptcy will appear on their credit if you include this card in your bankruptcy. If you leave the card off the bankruptcy, it will not effect their credit.
If you are filing personal chapter 7 bankruptcy can you get a business credit card for a newly formed LLC which does not have any assets yet?
New businesses are infrequently able to get credit on their own (without a qualfied personal quarantee by the owner) for about 5 years.
If someone submits a business credit card application does that affect the personal or business credit score?
According to bankrate, if someone submits a business credit card application it affects their personal credit score. Since it's still their own business card, it's considered their personal item.
Does the Amazon Business credit card report to personal credit?
Yes, the Amazon Business credit card does not report to personal credit bureaus, so it does not impact your personal credit score.
Can I include the keyword "PhD" on my business card?
Yes, you can include the keyword "PhD" on your business card if you have earned a Doctor of Philosophy degree.
When you have a debt for overpayments by social security can you declare bankruptcy on the social security debt and still keep your credit card?
== == NO, you have to turn in any credit cards and include the credit card debts in the bankruptcy. You can't pick and choose what debts you are going to include.
Can you accept a credit card offered to you by an institution during personal bankruptcy?
No, you cannot accept a credit card offered to you by an institution during personal bankruptcy. Once you file for bankruptcy, your debts are subject to legal proceedings, and accepting new credit can complicate your case or violate bankruptcy laws. Additionally, most creditors will likely be hesitant to extend credit during this period due to the bankruptcy filing. It's advisable to consult with a bankruptcy attorney for guidance on managing your finances during this time.
What is the purpose of having a business check card?
It's unclear what a business check card is. A business credit card though, it useful to use to keep track of business purchases versus personal spending.
If you own a small business and you want to file personal chapter 7 on credit card debt do you have to file a business bankruptcy?
This is rather complicated. If your personal and business expenses were totally separate and there was no commingling of assets or debts, than probably not. Your business will, obviously be included in the disclosure of your assets. You should explore this throughtly with legal counsel in order to protect all your property and be certain you claim all your exemptions.
What is business visa?
A business Visa is a credit card. A business Visa is similar to a personal Visa. The card works the same way but it is only available for business use.
Is it possible to transfer a business credit card balance to a personal credit card?
Yes, it is possible to transfer a business credit card balance to a personal credit card, but it is important to check with both credit card companies for their specific policies and any associated fees.
When a credit card company is awarded a judgment can you include this judgment on a Bankruptcy in CA?
The short answer to this question is YES.
