Quote:
Originally Posted by wild1
It used to be that bankruptcy was on your credit for 10 years. Don't know if that is still the case.
I am not sure that at age 30, doing something that will cause no one to loan you a cent until you are 40 is a good solution. No cars (unless you want to pay a rate that should be criminal), no buying a home, in some cases getting rejected for rental housing, paying more for all forms of insurance. The cure is worse than the disease.
I would think it would be much better to just live at home and work two jobs for the foreseeable future to start digging out. Waiting tables, tending a bar, whatever.
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Sounds like good advice. Just not sure it's feasible. The job I have is swing shift now. It's good money, but like I said, when they hired me on, it was with the knowledge that I probably would get laid off sometime in November.