Bank of America 1 TRILLON day of reckoning incoming. YIKES.
(markets.businessinsider.com)
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So will I have to keep paying on mine If they blow up?
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
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.
Do you get sued? What happens?