Comments on: When to Consider the Bankruptcy Option http://www.pfadvice.com/2007/11/09/when-to-consider-the-bankruptcy-option/ Bridging the gap between saving money and investing Mon, 01 Dec 2008 16:33:51 +0000 http://wordpress.org/?v=2.6.1 By: Minimum Wage http://www.pfadvice.com/2007/11/09/when-to-consider-the-bankruptcy-option/#comment-143418 Minimum Wage Sat, 10 Nov 2007 12:11:10 +0000 http://www.savingadvice.com/blog/2007/11/09/101875_when-to-consider-the-bankruptcy-option.html#comment-143418 Sorry, Zook, but if millionaires are going to make incorrect (or at least incomplete) assertions about bankruptcy - not to mention ridiculously unrealistic suggestions - I think someone needs to call for a reality check. Was there anything incorrect in my post? Sorry, Zook, but if millionaires are going to make incorrect (or at least incomplete) assertions about bankruptcy - not to mention ridiculously unrealistic suggestions - I think someone needs to call for a reality check.

Was there anything incorrect in my post?

]]> By: Bhupinder Sood CPA http://www.pfadvice.com/2007/11/09/when-to-consider-the-bankruptcy-option/#comment-143378 Bhupinder Sood CPA Sat, 10 Nov 2007 11:44:08 +0000 http://www.savingadvice.com/blog/2007/11/09/101875_when-to-consider-the-bankruptcy-option.html#comment-143378 I would never recommend Bankruptcy, except when it is a slam dunk case; people with no assets. I have been through it. Trustees have to make a living; and they will find a way to extract the last dollar from you. My Attorney recommended Bankruptcy as the best way out, and I saw nothing else except denial of Bankruptcy, even the Homestead exclusion. That is one way he could lace his pockets, more. I would never recommend Bankruptcy, except when it is a slam dunk case; people with no assets. I have been through it. Trustees have to make a living; and they will find a way to extract the last dollar from you. My Attorney recommended Bankruptcy as the best way out, and I saw nothing else except denial of Bankruptcy, even the Homestead exclusion. That is one way he could lace his pockets, more.

]]> By: Zook http://www.pfadvice.com/2007/11/09/when-to-consider-the-bankruptcy-option/#comment-142996 Zook Sat, 10 Nov 2007 04:20:08 +0000 http://www.savingadvice.com/blog/2007/11/09/101875_when-to-consider-the-bankruptcy-option.html#comment-142996 Minimum Wage off to ruin another forum. Would you stop already? I would recommend this for potential bankruptcy clients having worked for a bankruptcy attorney for a long time now. Give a call to an attorney which i always free to ask questions. You don't know if you can or should, ask the attorney over the phone. I think to many folks are afraid of asking for help. Even attorney's are willing to do a free consultation to go over your options, which is like free advice from an attorney that anyone in debt could do. Minimum Wage off to ruin another forum. Would you stop already?

I would recommend this for potential bankruptcy clients having worked for a bankruptcy attorney for a long time now. Give a call to an attorney which i always free to ask questions. You don’t know if you can or should, ask the attorney over the phone. I think to many folks are afraid of asking for help. Even attorney’s are willing to do a free consultation to go over your options, which is like free advice from an attorney that anyone in debt could do.

]]> By: Minimum Wage http://www.pfadvice.com/2007/11/09/when-to-consider-the-bankruptcy-option/#comment-141982 Minimum Wage Fri, 09 Nov 2007 07:37:08 +0000 http://www.savingadvice.com/blog/2007/11/09/101875_when-to-consider-the-bankruptcy-option.html#comment-141982 Bankruptcy won't get you out of involuntary servitude for the rest of your life if you have student loan and/or tax debt. And saving 35% is entirely infeasible for someone earning minimum wage. Bankruptcy won’t get you out of involuntary servitude for the rest of your life if you have student loan and/or tax debt.

And saving 35% is entirely infeasible for someone earning minimum wage.

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