Black People : anyone ever file for bankruptcy?

[jamesfrmphilly]

I'm goona do it and i want to know what are the risks.

 

[$$RICH$$]

it depend on if you going for chapter 13 or 7 !

 

[jamesfrmphilly]

chapter 7 i think.
credit card debt.

 

[$$RICH$$]

with 7 you should be ok , it give you a clean start the risk is slim to none
you can get a new credit card after 3 months to build your credit history back up.

I know one young Lady who filed chapter 7 and 3 months later she was able to
buy a new car the risk in chapter 7 is slim to none compare to 13

 

[jamesfrmphilly]

thanks, i have never done it before and I'm scared.