Bankruptcy

[Anonymous]

Should I consider BK with a credit score of EQ 455, a debt of $8000 and an income of $75,000.

Lots of 2006 collections account. CC balance of $2000 

[krielly]

If 8K is all you owe, and you are making 75K/year, you would never qualify for a Chapt 7.

The best you could hope for would be a Chapt 13, but you would probably be at 100% payback anyhow....so why bother?

Sorry, not trying to be mean, but just being realistic......

[Anonymous]

You are right, what is the purpose of filing bankruptcy.  I probably will never have a 700 credit score, I will just pay cash for everything.

[Anonymous]

With a debt of $8k you could find yourself with a judgement.

[Anonymous]

Maybe/Maybe not, Can't get anything on credit anyway. I might seek a bailout of 10K. Anyhoo.. Thanks again