Filing for bankruptcy to get out of paying debts


All the rules changed a few years ago on filing for bankruptcy. You don't get out of paying the debts anymore.
 

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Have any of u guys heard of folks trying to do this? Didn't OJ file for bankruptcy to keep the Goldmans up off of him?
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When rich people do it it's usually different than when regular folks do it.

The average self made multi-millionare files bankruptcy 3 1/2 times during his/her life. It's sometimes just a business strategy for people with money.
 
If you have a job, it's going to be hard to file a Chapter 7. After seeing a Debt Counselor, most people will be advised to file a Chapter 13, where you pay a percentage of debts over a 3 to 5 year span. My opinion is, you file bankruptcy to keep what you have.
 
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