Filing Chapter 7 : (

[KellyJef]

A judge is going to see right through what you're doing and hopefully would punish you for fraud.

You're a thief if you continue running up your cards with the intent on filing bankruptcy.

I agree.

I think the OP is a really wrong if he actually goes through with something this dishonest.

[Seeker]

does it make you feel better to be mean to people?

You post in two entirely different manners:

1) With capitalization and proper puncuation.
2) Without proper capitalization and extremely reactive and judgemental here.

Your words are very confusing... 1st it's 15k, then "almost 20k" then 4-5k split over 5 CC's.

Apparently your still here. But you will not list the realities of your situation.

The child in you is real (the non-capitalization poster) and asking for help and also bouncing back any critisms.

The adult in you is very, very angry. I feel for you; but apparently cannot help you.

Good luck

[jeffrey]

I've been seeing some things in the forums lately that I don't particularly like. You are free to disagree with others as strongly as you want as long as it doesn't get personal. That will not be tolerated here. You can list all the reasons why you think that a person's reasoning is stupid, but can't call the person stupid. Think it all you want, but when you write, stick to the topic and not what you think of the person. If you can't, then don't write anything.

Turning things personal doesn't help anyone and doesn't further the discussion in any way.

[Hypersion]

"25 percent of your weekly wages that are over 30 times the minimum hourly wage."

According to my calculations the credit card companies will only be able to Garnishment $50 a week from your paycheck.

Garnishment

Is your home under your name or someone else. If it's under you name I would look at bk protection other wise just stop payment on the CC. Get an under the table labor job so they can't garnish your wages.

[Seeker]

Jeffrey -- Sorry about the other post. I didn't intend to personally critize him though it did come out that way.

Hypersion -- he's pays a share of the house that he lives in. It's not in his name according to statements made earlier. Though he also pays part of the taxes on it.

Mark is probably "judgment proof" in the sense that $9 per hour is truely not sufficient for anyone to really live on. He's got to be barely scraping by.... especially with food costs and everything else on the rise too.

Garnishment of even $50 per week represents almost 5.5 hours of his weekly salary.

But without his cost/expenses/debts information, nobody can really help either.

[Merch]

Fair enough. Point taken.

I did get personal. For that, I apologize.

(Seeker I believe the comment was meant for me.)

The path that he's going down will not change, unless he is changes it.

[rizzmo]

Here is how the process went for me. I paid between $750 - $1000 in lawyer/filing fees. I called and made an appointment with a bankruptcy attorney. I met with him five days later. At the consultation I filed out forms listing the debts I wanted discharged, debts I wanted to re-affirm, and a work sheet with my estimated monthly income and expenditures. A few weeks later I got my court date in the mail, it was 2-3 months later. On my court date I went to the courthouse and was instructed to wait out side one of the courtrooms. Thirty minutes later my attorney came out and spoke with me for a few minutes. Then the bailiff called my name, and lead me in to a small room. There was room for one table and the four people (bailiff, my attorney, court appointed bankruptcy person, and me). The court appointed person started a tape recorder and swore me in, asked me to confirm the information, asked me if I had omitted any assets, and asked if I expected a windfall of money in the next year (settlement, inheritance, lottery winnings). Then I was lead out of the room and my attorney told me I was all set and would be receiving a letter of discharge from the court in about a month. All together the process took eight hours including travel time. I hope this information was useful.

[Ima saver]

I certainly agree with Sweeps!

[maat55]

The poster posted this same question on another forum and when answered respectfully by a responder, he rudely chastized him.

[myrdale]

[QUOTE=Markwallace;157061] I attempted a business and items such as a fax machine, computer, printers, etc were purchased to facilitate it during that time.

I am in possession of several hundred thousand poker chips if anyone is interested.

Video games, plasma tv's, computers for gaming... I went to disneyworld. What else, I bought one of those vending claw machines... with the stuffed animals that the claw grabs. That was for personal use and is in my bedroom.
[QUOTE]

Have you considered selling anything? Ebay, newspaper adds, craig's list, yard sells, all of these could work.

As for the thousands of chips, call the company you purchased the plastic from. Maybe they can work something out.

Hopefully you can get half the money back if you work at it, maybe more. Definatilly try negotiating with BoA to see if they will come down some aswell.

As far as maxxing the credit cards and then declairing, I would say absolutely not. That is stealing in my book, plain and simple. If BoA was so bad, why did you do business with them in the first place?

What will bankruptcy mean for you? I assume your young, 20 to 25. You will get tired of the $9 / hour job soon enough. Your next employer may pull your credit before he hires you. Seeing you can not handle your personal finances will indicate to him you are not reliable.

You may get evicted or move from your current appartment. When you do, your next landlord may pull your credit and charge higher deposits. So will the power, and water companies. Here in GA I had to go with a regulated gas company because I had no credit. They supply gas to the poor and those with bad credit, so the charge more!

Other things that blister on your credit report may mess up for you? Home loan 5 years from now. I don't know how it would affect student loans.

At any rate, 15k is not alot of money. Do the right thing, hustle, sell as much as you can, work hard and pay off your debts.

[myrdale]

Third, would you be interested in some mint condition poker chips?

That is what I mean in my post above, look for any opportunity to sell them. Heck set up a table on the street or go driving from gas station to gas station pawning them. There are people out there who are dying to give you their money for your stuff, you just got to find them.

Also am sorry I miss read your age above. I saw post about being a vet and all. At any rate, best of luck!

[Scanner]

Well. . .he asked us to disregard ethical considerations. . .I think the best answer is for you to consult with your attorney.

I agree with the poster who said that this not only hurts "big, greedy" BoA but also hurts Joe Average Investor.

That being said, banks are going to have to start to learn the hard way that there are people out there like this and it's bad to do business with them.

If BoA is misguided enough to extend this guy credit, and not freeze his credit limit when he's late on payments by months, etc., then they deserve the billion dollar losses they post and the investors who put faith in them deserve the loss in their portfolios.

Again, I don't disagree with all the ethical judgements. I think it sets a bad precedent but credit card companies (and mortgage companies) are part of this dysfunction America has.

[Squeezing Pennies]

Don't feed the Trolls.