Washington, District Of Columbia
September 14, 2021 2:50pm CST
I have a friend who said he would buy a whole lotta things and declare bankruptcy. This is not a good strategy. Your credit will be ruined for 13 years!
5 responses
• Kenya
16 Sep 21
Not a good strategy at all
• Washington, District Of Columbia
16 Sep 21
Even if it may be legal, it can come back to bite him
• Washington, District Of Columbia
15 Sep 21
This will cause him problems if not done correctly
• Malaysia
19 Sep 21
There's a lot of issue once declared bankrupt. I hope your friend would realized that.
• Washington, District Of Columbia
15 Jan 22
Yes, this will be a big mess if he doesn't know what he's doing
• Daytona Beach, Florida
14 Sep 21
It's costly to declare bankrupsy, and you can only do it so often, too. My husband and I did it once, and our credit bounced back in about six or less years. Now our credit's better than ever.
• Washington, District Of Columbia
15 Sep 21
Yes, not as easy as he thinks. Glad your credit is good again
• United States
14 Sep 21
• Washington, District Of Columbia
15 Sep 21
Yes, then can come back to bite him!!
• United States
15 Sep 21
