Life Bankruptcy - Page 6

mcan · 10-13-2009, 09:16 AM

Anybody here ever do it? What was your experience with it? I have a lot of very old credit card debt that I couldn't afford to keep paying on, and a lot of student loans that I have yet to really start on. Got my degree (in theater = dumb). I was teaching guitar lessons for cash through most of college and living off of student loans, then I was out of work for a while and now I'm living back home at the age of 29 (ouch). I did get a job on the production line of a fiberglass company for now, but the job isn't supposed to last past November. Got my summons a few weeks ago for a Discover Card debt. They want their money, and I don't blame them. But man, I really don't want to get my wages garnished and bank accounts frozen. This is a HUGE hole. Need out.

Any advice?

patteeu · 10-13-2009, 10:22 AM

Quote:

Originally Posted by joesomebody

While usually good advice, they won't accept him more than likely.

Credit problems (even pretty reasonable credit problems) are a major no no in the military. And since he's been ordered to court already, and is on the verge of Bankruptcy it will be dicey.

I would say zero chance a theater major is going to be commissioned with debt problems. I mean zero offense by this, but military deals with a different kind of theater anyway.

If you were a doctor, engineer, lawyer, something of high demand they might work with your debt problem.

They view debt as a liability, as you are prone to take bribes. This keeps you from getting a security clearance, which is important for enlisted folk, let alone officers.

I'm not saying don't try it, can't hurt and he is right. You'll have a house and food. O-1s make around 26k a year, plus probably 10k more in nontaxable/ungarnishable food and housing money.

You might be right, but I'd look into it anyway. It's hard to believe that we'd have an inflexible policy of rejecting people with credit issues while we're involved in 2 significant military operations.

Demonpenz · 10-13-2009, 10:23 AM

Quote:

Originally Posted by Cannibal

You should not be allowed to declare bankruptcy, you should be spending time in prison for grand larceny.

mcan's the victim here.

**BigRedChief** · 10-13-2009, 10:23 AM

Quote:

Originally Posted by Cannibal

You should not be allowed to declare bankruptcy, you should be spending time in prison for grand larceny.

a little judgemental today, are we?

Cannibal · 10-13-2009, 10:24 AM

Quote:

Originally Posted by BigRedChief

a little judgemental today, are we?

No. Theft is theft.

Demonpenz · 10-13-2009, 10:27 AM

Quote:

Originally Posted by Cannibal

No. Theft is theft.

this is the kind of negative stuff you are going to encounter but you need to focus on your stress debt and ignore this crap. I remember I was a theatre major too and I was working at quick trip. I told my boss I DON"T need this shit I am a theatre major, I was lord tybolt in romeo and juliet, he then said i should apply my major to ACTING like a quick trip employee. Well I stole a bunch of sunflower seeds and rooster booster energy drink and quit and applied the stress I saved to my stress debt. I am still in debt today. but i don't let assholes like that get too me

**BigRedChief** · 10-13-2009, 10:30 AM

Quote:

Originally Posted by Cannibal

No. Theft is theft.

How would it be theft without pre-meditation? How would you even prove that?

Mile High Mania · 10-13-2009, 10:32 AM

Quote:

Originally Posted by Demonpenz

this is the kind of negative stuff you are going to encounter but you need to focus on your stress debt and ignore this crap. I remember I was a theatre major too and I was working at quick trip. I told my boss I DON"T need this shit I am a theatre major, I was lord tybolt in romeo and juliet, he then said i should apply my major to ACTING like a quick trip employee. Well I stole a bunch of sunflower seeds and rooster booster energy drink and quit and applied the stress I saved to my stress debt. I am still in debt today. but i don't let assholes like that get too me

Wow...

... that was your stance? Did you prance on your way out with your sunflower seeds saying, "Dignity, oh dignity... where art thou?"

wild1 · 10-13-2009, 10:33 AM

Quote:

Originally Posted by BigRedChief

How would it be theft without pre-meditation? How would you even prove that?

Well, he realizes the error of his ways now so I wouldn't browbeat him over it, but continuing to borrow money you have no hope to ever repay is theft, in my opinion.

But the bankruptcy laws are not a "get out of jail free" card anymore. He will pay for it one way or another.

Demonpenz · 10-13-2009, 10:34 AM

Quote:

Originally Posted by Mile High Mania

Wow...

... that was your stance? Did you prance on your way out with your sunflower seeds saying, "Dignity, oh dignity... where art thou?"

lord tybolt wasn't in that scene

joesomebody · 10-13-2009, 10:35 AM

Quote:

Originally Posted by patteeu

You might be right, but I'd look into it anyway. It's hard to believe that we'd have an inflexible policy of rejecting people with credit issues while we're involved in 2 significant military operations.

I agree. Try it. Can't hurt, and while you work hard, it isn't a bad life.

You'll have the best luck with Marines or Army. This is only because they have a more difficult time recruiting for obvious reasons. Especially during wartime!

They also have a lot more job options, and there may be some that don't require any type of security clearance. Those kind of jobs are rare though. They won't be any of the "good" jobs either.

By all means, call the recruiter today. They are masters at getting waivers passed and cutting red tape. I just thought I'd let you know that the military frowns on bad credit as much or more than any employer/renter/business/bank.

**Bearcat** · 10-13-2009, 10:35 AM

Demonpenz, bringing his A+++++ game like he's playing KU or something.

Cannibal · 10-13-2009, 10:35 AM

Quote:

Originally Posted by Demonpenz

this is the kind of negative stuff you are going to encounter but you need to focus on your stress debt and ignore this crap. I remember I was a theatre major too and I was working at quick trip. I told my boss I DON"T need this shit I am a theatre major, I was lord tybolt in romeo and juliet, he then said i should apply my major to ACTING like a quick trip employee. Well I stole a bunch of sunflower seeds and rooster booster energy drink and quit and applied the stress I saved to my stress debt. I am still in debt today. but i don't let assholes like that get too me

I am actually being facetious. I think that personal responsibility should rule for sure, but at the same time, I am no fan of the banks either in anyway whatsoever.

Demonpenz · 10-13-2009, 10:35 AM

http://sellkidney.com/

Mile High Mania · 10-13-2009, 10:35 AM

Quote:

Originally Posted by Demonpenz

lord tybolt wasn't in that scene

Well, I wouldn't know...

**BigRedChief** · 10-13-2009, 10:37 AM

Quote:

Originally Posted by Demonpenz

lord tybolt wasn't in that scene

well played sir, well played.

10-13-2009, 09:16 AM
mcan Apr 13,1949 – Dec 15, 2011 Join Date: Aug 2000 Location: Kansas City, MO Casino cash: $9996085	Bankruptcy Anybody here ever do it? What was your experience with it? I have a lot of very old credit card debt that I couldn't afford to keep paying on, and a lot of student loans that I have yet to really start on. Got my degree (in theater = dumb). I was teaching guitar lessons for cash through most of college and living off of student loans, then I was out of work for a while and now I'm living back home at the age of 29 (ouch). I did get a job on the production line of a fiberglass company for now, but the job isn't supposed to last past November. Got my summons a few weeks ago for a Discover Card debt. They want their money, and I don't blame them. But man, I really don't want to get my wages garnished and bank accounts frozen. This is a HUGE hole. Need out. Any advice?
Posts: 3,761

10-13-2009, 10:35 AM	#86
Bearcat Would an idiot do that? Join Date: Nov 2000 Location: Arizona Casino cash: $-1135069	Demonpenz, bringing his A+++++ game like he's playing KU or something.
Posts: 59,656

10-13-2009, 10:35 AM	#88
Demonpenz Woman should only make babies Join Date: Nov 2003 Location: Apartment "G UNIT!" Casino cash: $-443864	http://sellkidney.com/ __________________
Posts: 54,960