Bankruptcy - anyone gone through it?

[Mosbonian]

Originally Posted by The Bad Guy

R8 and Saul,

I commend both of you for the excellent advice on this thread. You have provided invaluable advice for the OP and anyone struggling.

The only debt I have right now is car loan and student loans thankfully. I just paid off my last credit card balance. I do charge things every month, but I pay them off.
I have a nice chunk of change in the bank to put down for our first home and recently welcomed a newborn last month.

The only thing that doesn't really apply to everyone that you're saying is that both of you said you make over 100k a year. You are definitely not the majority in that regard. Do you think you'd have the same financial success if you were making half of what you are?

Frank:

I don't disagree their advice is good....but unfortunately your last paragraph hits the nail on the head. The number of people making a 6 figure salary is small and the number of people, even those debt-free, who could survive a catastrophic circumstance in their life is even smaller.

And the only thing I found irritating was what appeared to me was a smug attitude...I know a few others don't agree, but that's ok.

mmaddog
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