Posted: 11/8/2011 1:05:22 PM EDT
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I only want to hear from filers, attorneys, bankers and loan officers and others who know what they are talking about!
Say you have a business that has tanked and you could shed $300k+ of excess debt is it worth it to file? We could keep out people working if we do and will be stronger afterwards. How long (in the real world) will it negatively affect the filer? I know it stays on for 10 yrs but you can get an FHA mortgage in 3. How long for other mortgages? What other pitfalls are there? For you moralists I point you toward the definition of jubilee 
You can send a PM if you don't want to publicly post. I need real info. |
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Quoted:
Please don't take offense, but these questions should be posed to a bankruptcy attorney. At least get a consult with (a good) one before seriously considering it. No offense taken. We've consulted with an attorney that seems very competent. I'm merely wishing to tap into the vast knowledge and exsperiences of arfcom to learn more about what to expect down the road. |