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Hot Rods Strange Question.. Hot Rods and Chapter 7 bankruptcy

Discussion in 'The Hokey Ass Message Board' started by MikeG5211, May 19, 2020.

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  1. 49ratfink
    Joined: Feb 8, 2004
    Posts: 17,690

    from California

    maybe I'm weird, but I would start selling things way before I even remotely considered filing for bankruptcy. I was $12,000. in debt and had $800.00 to my name when I got the job I have now.... I now have zero debt and money in the bank. I did it the old fashioned way from the days when men were men. stopped wasting money. paid my debts and then started saving.... guess maybe this is what us old farts do when we screw ourselves over financially....faking on my obligations was not an option.
  2. egads
    Joined: Aug 23, 2011
    Posts: 691


    And look what happened to those two:eek::eek:
  3. 2OLD2FAST
    Joined: Feb 3, 2010
    Posts: 2,344

    from illinois

    50+ years ago in high school ,we had a year of " socio/economics" taught us how to budget , live within our means , save money . Twenty or so years later that course had been deleted . Everyone got easy credit , greed , having to have everything you want NOW , that's at least part of what's wrong !
  4. Chicster
    Joined: Aug 5, 2018
    Posts: 134

    1. Missouri H.A.M.B.ers

    I was raised that if you did things crooked don't bitch when people call you a crook. Just saying.
  5. slim38
    Joined: Dec 27, 2015
    Posts: 367

    from Sudan TX
    1. H.A.M.B. Chapel

    Damn you folks are tough. Whats the old saying. If you aint got nothing nice to say dont say nothing at all. He asked a specific question and you guys drill him on everything but. Good luck brother and hope all goes well . At least your looking for solutions and not giving up. GOD BLESS
    Flathead Dave likes this.
  6. corncobcoupe
    Joined: May 26, 2001
    Posts: 4,938

    Staff Member

    You didn't say what your circumstances are and frankly it is no ones business.
    This is a strange post.

    Chapter 7 is total liquidation and at 29 years old - the last thing you should ever do is that.
    Frankly at 29 if you aren't dead - a judge won't approve it - you're living and breathing and can work so more than likely Chapter 11 is more like it as in restructuring your debt.
    Chapter 7 will result in ANY AND ALL asset auction proceeds will go to any creditors you HAVEN'T paid.

    A mans word is only good as the man himself.

    Contact a Lawyer that specializes in Bankruptcy.
    Chances are you aren't going to eliminate your debt unless you are dead or in prison for a long time.

    And what I said is nice.

    Contact a lawyer.

    BTW - I've never filed bankruptcy but a close friend is a lawyer who has shared the many levels of legal and illegal business practices with me.
    egads, lothiandon1940, Deuces and 4 others like this.
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