Tag Archives: bankrupt

Can I Go Bankrupt On Just My Credit Cards? – Mike

Mike wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Debt Fact – Most Pro Football, Baseball and Basketball Players Go Broke

Sports Illustrated estimates that 78 percent of former National Football League players, within two years of retirement, are bankrupt or “under financial stress because of joblessness or divorce.” Within five years of retirement, an estimated 60 percent of former National Basketball Association players “are broke.” Recession or no recession, many NFL, NBA and Major League [...]

Do I Tell My Creditors I Am Going Bankrupt?

A question I am often asked is if people need to tell their creditors that they are going bankrupt. If you’ve already decided to go bankrupt and you’ve met with a bankruptcy attorney who will handle your case, then there is no harm in telling them, but why? Once you have made the decision to [...]

I Went Bankrupt. Our Bankruptcy Story About What It Was Like to Go Bankrupt.

We lived through bankruptcy, we’ve felt the pain, the shame and the embarrassment. We know what it feels like to walk in your shoes to the court house and deal with the emotional aftermath. Sometimes bankruptcy is necessary and the best solution for your situation. You can’t let that knowledge hold you back from what [...]

Catherine Asks If There Is Hope Or Help For Debt

Catherine writes in: “My husband and I are behind on a few of our loans and one is a vehicle payment and the other if a flexline loan( pretty much a credit card) we have talked about bankrupcy but would like to avoid that. Are there any companies out there that offer help for these [...]