Comments for Big Financial Tips and Talk

Comment on How much debt would it take for you personally make the decision to file bankruptcy? by Kent

Kent — Sat, 03 Apr 2010 19:53:38 +0000

Hi,
I used “Credit Solutions” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here:

Comment on How old does a debt have to be, before you are no longer legally bound to pay it? by Theresa M

Theresa M — Fri, 02 Apr 2010 00:54:03 +0000

You purchased something then you pay for it! It’s people like you that keeps interest rates high.

Comment on How much debt would it take for you personally make the decision to file bankruptcy? by STEVEN F

STEVEN F — Thu, 01 Apr 2010 22:59:01 +0000

There is no number possible. The ONLY way I would consider bankruptcy is if I was in such bad shape my creditors filed for me.

Comment on How much debt would it take for you personally make the decision to file bankruptcy? by Dr. Deth

Dr. Deth — Tue, 30 Mar 2010 08:47:12 +0000

things are different now – you can’t get rid of credit card debt like you could a few yrs ago. when I declared bankruptcy 6 yrs ago, I had been separated 3 yrs, was unemployed had a car repo’d and lots of credit card debt, plus child support pmts to make – I think I had over 30k in total debts and was only working temp jobs between downsizings. I was living in a 350/mo apt and had a beater car with over 120k miles on it that I had to buy from one of those places that finance the cars themselves and you pay weekly. every person’s situation is different

Comment on How old does a debt have to be, before you are no longer legally bound to pay it? by biwagirl20

biwagirl20 — Tue, 30 Mar 2010 03:10:56 +0000

It varies form state to state. check this site out-

Find you state and it will tell you how long you are legally required

Comment on How can the United States reduce the national debt? by Brandon S

Brandon S — Mon, 29 Mar 2010 11:58:39 +0000

This should clear it up:

Comment on How much debt would it take for you personally make the decision to file bankruptcy? by Eric B

Eric B — Mon, 29 Mar 2010 01:56:22 +0000

It depends on how much you are in debt. If you cannot pay off the bills like make monthly payments and it is becoming overwhelming to your life and you have constant callers, then you should go and talk to a lawyer for advice.

If you are not that far in debt, but just cannot afford this try Chapter 13 where they work everything is together and go from there.

Chapter 7 Bankruptcy is tricky now since that law passed to prevent credit cards to be provided into Chapter 7. Most lawyers now want to get you into Chapter 13 to help you pay off your debt, and when it is paid off it leaves your credit report and you then get to keep all the items like your car, house, furniture (if on credit) and other items that can be taken away.

Comment on How old does a debt have to be, before you are no longer legally bound to pay it? by B.B

B.B — Mon, 29 Mar 2010 01:24:18 +0000

in till u pay it off

Comment on How much debt would it take for you personally make the decision to file bankruptcy? by esoteric_knight

esoteric_knight — Sun, 28 Mar 2010 20:58:43 +0000

I would have to say seven to ten times my annual salary, depending on if my job is stable or not.

so if I make like 30k a year, that would be somewhere between 210k and 300k.

I figure if I make my bed I should lay in it.

Comment on What are good careers with a bachelors in business finance degree? by K N

K N — Sun, 28 Mar 2010 11:57:37 +0000

broker, market analyst. traders.