[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 253 KB, 1080x1283, 1456691426941.jpg [View same] [iqdb] [saucenao] [google]
12907554 No.12907554 [Reply] [Original]

when to declare bakruptcy /biz/?

be me

21 years old,

ok credit,

i hit a high end luxury car last year had only liabiltiy coverage for 5,000 in damages

and now have a 30k debt bill from the car


should i declare bankruptcy?


ill bite the bullet on the fucked up credit for 7 years

and i was just about to buy my first house.

>> No.12907562

Lucky for you you'll be able to buy a house for cash in the next 5 years. Who cares about a like score?

>> No.12907581

>>12907562
you think so?

who knows.

so dont declare bankruptcy? and just have a shit score and have them garnish my wages?

>> No.12907592

>>12907554

>liability coverage for 5,000 in damages

what kind of poorfag-tier insurance did you get? that clearly was not worth it.

i did not think they even allowed that... wow, you're REKT GG

make sure to write a nice suicide note for your parents.

>> No.12907636

>>12907592
im 21, 7 years of fucked up credit is nothing to kill myself for lmao

>> No.12907637

>>12907581
I think you will desu. The only problem is the wage garnishment. Do they actually do that in burgerland? or is it just threats?

>> No.12907642

>>12907554
Negotiate.

Creditors know that if you declare bankruptcy they get nothing. They will write down your debt, lower interest rates and set you up on a payment plan. Credit maybe fucked for a year

>> No.12907897

>>12907554
Lol declaring bankruptcy for 30 k.
Fuck of kiddo. Talk to their insurance and ask them for a solution. Explain your solution. Most likely they'll offer for you to pay them monthly for 3 years.
Grow up dingus.

>> No.12907909

>>12907554
>be me
>never missed a bill
>shit credit
>250 a month for a 2012 fusion
How do we defeat the system once and for all?

>> No.12908168

>>12907554
Bankruptcy stays on your report for 10 years

>> No.12908184

You should desne

>> No.12908188

>>12907554

Liability insurance on a 30k car you financed through a bank that requires you to carry full coverage?

Wew lad. Good luck with that.

If you had money, you could push negligence on the bank's part for not keeping up with your choice of insurance. Which led to your demise of being a retard.