Not exact matches
Regardless of whether you
filed for
bankruptcy after an expensive medical emergency or the loss of a
job, many banks will steer clear of you and refuse to make unsecured or long - term loans as long as the
bankruptcy is on your credit report.
Since you started working with me on my credit my credit scores have come up 64 points from a 580 to a 644 I have always had 700 plus credit scores, but
after I lost my
job 5 years ago I eventually had to
file for
Bankruptcy.
Even when equity and cash have been completely depleted, management can still make out like bandits; in a chapter 11
filing management most often oversees the liquidation, keep their
jobs even
after the company emerges from
bankruptcy, and sometimes even get to reset all their non-salary remuneration thresholds (options, grants, bonuses, etc.) giving them greater upside.
For example, a North Carolina woman and her husband fell deeper into debt,
filed for
bankruptcy in an attempt to save their home from foreclosure, and took second
jobs as janitors
after paying $ 11,000 to two Florida companies for debt settlement services they never delivered.
Recently on our
bankruptcy forum a user asked, «I have come to the conclusion that
after a massive surgery and losing my
job that I will not be able to pull myself out of my financial crisis without
filing for
bankruptcy protection.
I worked as an LPN for about 5 years
after she was older and in those 5 years my husband lost his
job and we
filed bankruptcy and lost our house.
Medical bills: According to The Fragile Middle Class: Americans in Debt by Elizabeth Warren (back in her Harvard Law School days), 91 % of those who
file bankruptcy do so
after losing a
job, experiencing a major medical event, or a divorce.