Funniest thing. I have to declare bankrupcy because of the phone company! How does bankrupcy work an

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Utilities--yes, you should still be able to get service

Ex--Bankruptcy doesn't "track" anyone down; creditors do. And that's only if he's a party to the debt.

Bankruptcy is a legal discharge of the debts you declare in the proceedings. After you are discharged, creditors cannot seek repayment from you. It does make it harder to get some loans and credit cards, but some will see you as *more* credit-worthy after your bankruptcy, b/c you can't file for bankruptcy again for 7 years. (i.e. if you ring up a debt with them, you can't get out of it!)

P.S. Filing for bankruptcy will cost *more* than what you owe. This is not an option for you...

Funniest thing. I have to declare bankrupcy because of the phone company! How does bankrupcy work anyway?

Bankrupcy is a b*t*h and don't do it if you absolutily positively cannot come up with another option. Your credit is ruined for 10 years and it is very difficult to get any credit with a bankrupcy on your credit report. You will still be able to get the utilities, however I'm not sure about the student loans. It could affect your applications for purchasing a car, or a home. It could affect your applications for renting a car or a home or apartment. Talk with your internet company, I'm sure they will put you on a payment plan. Most companies will work with you on making payments.

Funniest thing. I have to declare bankrupcy because of the phone company! How does bankrupcy work anyway?

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Funniest thing. I have to declare bankrupcy because of the phone company! How does bankrupcy work an

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