Sat, 08/16/2008 06:14
This forum seems to have 2 pieces of advice on filing Chapter 7:
1. Don't do it, it should be a last resort, try another way first.
2. It's no big deal, it's not as bad as advertised, don't worry about it.
Those responding with #1 seem to primarily be coming from a place of morality, because very few list bad stories about life post bankruptcy.
That leads me to think that #2 is closer to the truth for those not burdened by guilt, because they are the only ones providing real life examples, which are uniformly positive.
If anyone has any bad post-bankrupt stories to share, I'd like to see them (other than running cards up again). Denials of home loans, jobs denied after running credit, etc.
Thanks in advance.