Bank of America 1 TRILLON day of reckoning incoming. YIKES.
(markets.businessinsider.com)
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Only if JPMorgan can afford to buy them out.....
Not financial advice.
I really want to declare bankruptcy. I have $40k in debt left over from a divorce, no house, excellent credit, no assets to take and I'm a single parent and it's hard to find a job that works around my schedule.
Idk if that'd be smart or not. I can cover it week to week but have nothing left over after doing so
I have no idea. But keep searching some of these jobs are still work at home.
Go a step further, legally acquire as many credit cards as you can.
Max them all out, blow it on coke if necessary.
Legally default on all payments, including the 40k. Watch and learn how over-stressed debt collectors are these days.
Screw the banks.
Max out on gold and silver. Profit
Do you get sued? What happens?
7 months of nothing after I received a letter from a debt collection agency but not for maxing out CC's.
No visit's, no phone calls, no further letters .
Nothing !
Maxing out CC's would be highly patriotic.
As long as u tried to pay at least minimum payment for 5yrs and depend and still having difficulty then it is time to file bankruptcy. And best to be your own lawyer.
Because for my case when I check w lawyer and he said he charge $100k and no guarantee of winning so better on your own…
How long since you did it? Any complications?
While research about bankruptcy, most would said 99.99% impossible for student loans, easier for credit card of medical…
My debt was student loan and my parent phone bill add up…
That’s why I always try to tell Biden supporters should just declare bankruptcy instead of voting him because they want student loan cleared
Just pray and ask God for help, and have believe and have faith that one deserve debt free and start new life…
So beside my parents, I think even the judge, 2 defendants lawyers were helping me in ways… Not that complicated, just need to show lawyers and judge my 10years credit card bill, one of the lawyer tried really hard not to laugh as I paid $15 for couple months (my debt went up to $150k w interests) , and complain that I still watch movie and buy clothes (just Old Navy on sale w reward) but the church let me pass and said those r just “necessary” in life and my judge don’t believe I am big spender and buy luxury type of person…
One of the key is my city is even if u make $100k a year, without a house, u r still consider “low income”…
I thought it would be done within 1year, but it end up taking 1.5 years… the waiting process is hard (emotionally).
My case end then pandemic… I was supposed to work harder but end up study hard on our great awakening