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re: Anybody here completely debt free?

Posted on 1/13/15 at 1:19 pm to
Posted by Breauxsif
Member since May 2012
22290 posts
Posted on 1/13/15 at 1:19 pm to
quote:

Filed for bankruptcy a few times. That's LIKE being debt-free.




This is a giant loophole!! You can start to establish credit after two years after filing a chapter 7. I've known people file chapter 7's every 7 years like clockwork after running up $100K or more worth of debt only to have it wiped clean.
Posted by SoDakHawk
South Dakota
Member since Jun 2014
8660 posts
Posted on 1/13/15 at 1:24 pm to
quote:

This is a giant loophole!! You can start to establish credit after two years after filing a chapter 7. I've known people file chapter 7's every 7 years like clockwork after running up $100K or more worth of debt only to have it wiped clean.


Yeah, and people like that are called deadbeats.
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