If you make the decision to earn
a living after bankruptcy as a self - employed individual rather than as an employee, you must understand that obtaining credit should you need such to operate will be virtually impossible.
Not exact matches
Icahn gain an image
as a corporate raider
after buying TWA in 1985 and selling assets to pay off the debt, which ultimately ended the
life of the airline though a
bankruptcy and merger in 2001.
Make a $ 450,000 home loan with 3 % down to a couple making $ 35,000 a year working at Starbucks; already burdened with $ 90,000 in student loans, $ 20,000 in credit card debt and FICO scores of 610,
after they tell the loan officer they make $ 120,000
as senior managers of a large multi national corporation When they default on the home loan, file
bankruptcy to discharge student and credit card debt and start
living in section 8 housing, you now have a new brother and sister.
And
as if
life after bankruptcy isn't difficult enough, it is possible that the
bankruptcy will even have an effect on an application for
life insurance.
After battling his way out of
bankruptcy and millions of dollars in debt, Dave Ramsey developed the 7 Baby Steps
as a plan he could share with others to help them
live debt - free and build wealth.
Life after bankruptcy will likely include taking on some form of debt such
as a new car loan or modest credit card debt.