erichonda30
Banned
imported post
if you file chapter 7 or 13 bankruptcy
if you file chapter 7 or 13 bankruptcy
Aren't you required to list all possible assets during that bankruptcy? There are huge legal differences in 'guns they don't know about' and 'guns you don't tell them about.' I believe continuing this conversation in a public forum is unwise.1 gun but what if you have a few that you bought face to face how can they know you have them
For only $10k in credit card debt, there are a lot less damaging options than a bk. Is it all one card or several? I owed $20k to Bank of America alone...when I couldn't pay anymore they offered to settle the whole debt for $5k. I was able to get a family loan from mom and paid it. Technically you'll have to pay income tax on the forgiven debt, but being unemployed shouldn't be hard to show that you're indigent or close to it.
It DEFINITELY constitutes fraud -- it is an attempt to shield assets which legally should go to pay your debts. Getting caught can also mean NOT getting bankruptcy protection.You may keep a single gun during liquidation of your property. One option might be to sell or pawn all your current guns and purchase a single, expensive gun while going through bankruptcy, and then convert back once your debt is discharged.
Then again, doing the above may constitute fraud.
You won't be able to declare bankruptcy, if your debt is $10K and your truck is worth $40K. You are considered able to pay your debts -- and you ARE.but i live in a 5th wheel and rent a space to park it my truck is still worth 40k
You won't be able to declare bankruptcy, if your debt is $10K and your truck is worth $40K. You are considered able to pay your debts -- and you ARE.
My advice: Sell the truck. Take whatever loss you have to (though it sounds like you have some time to get a good deal on it), buy a cheap truck and pay your debt. Since you're not in a hurry to sell the truck, you will get more -- then turn around and find someone who needs a fast $4K for something that will do the job for you, while you make your best deals with the card companies.
Not only will you feel better about it, you will also not take the hit on your financial record that comes with bankruptcy.
If you have several cards to worry about, go to the one with the least debt, make your best deal, pay that off, then go to the next-smallest, same story.
Consider also that there is a LOT of empty desert. You can give up the paid space and go dry camp for a few days, haul into town (or the nearest rest area) to dump your holding tanks, then go back out onto the dirt. Mash your trash, bag it, haul it to the dump.
One guy I know bought a small "recreational" lot on ebay, 5 miles from town, and put in a small septic system (enough for his RV). He has solar panels and a small genset, pulls a water tank trailer into town to fill up, and the whole setup cost him less than four months RV park rental -- INCLUDING the land.
10K really isn't a lot of debt, way below the average. You can work your way out of it.
I passed a couple of them by in November for under $4000. Get on crazedlist.org (this is a site that lets you search multiple Craigslist sites at the same time) and look around.i think i read nevada you can keep a vehicle up to 15,000 in value but try finding a dually diesel that cheap THAT IS RELIABLE with a hitch to tow my 5th wheel
will a credit card company realy hire a private investigator?
if so im hooking up and heading to mexico
erichonda30 wrote:I passed a couple of them by in November for under $4000. Get on crazedlist.org (this is a site that lets you search multiple Craigslist sites at the same time) and look around.i think i read nevada you can keep a vehicle up to 15,000 in value but try finding a dually diesel that cheap THAT IS RELIABLE with a hitch to tow my 5th wheel
will a credit card company realy hire a private investigator?
if so im hooking up and heading to mexico
You have one major advantage, being in Nevada. Vehicles last FOREVER. Just a quick look at the Reno and LV ads, I see plenty of good possibilities under $10K, some under $6K -- and that's the ASKING price, you wave money at them and you can get a good one under $5K.
Check this one: http://lasvegas.craigslist.org/cto/1763830108.html
Let's say you ended up selling your $40K truck for $30K. You buy a $5K truck, you negotiate your debts down from $10K to $8K and pay them off. That leaves you with SEVENTEEN THOUSAND DOLLARS IN THE BANK, plus ALL OF YOUR GUNS and NO DEBT.
Sure, a $5K truck won't be as pretty as a $40K truck, but you can't eat scenery.
For $10K, all they will do is hound you -- but a bankruptcy court will get your bank records, and the credit card people know where you spent the money, so you really can't make the case that you don't have anything for the court to sell and pay them off. One way or the other, they will get their money, probably by taking your truck -- wouldn't you really rather arrange it yourself?
BTW, in case you think I'm being holier-than-thou, maybe I should mention that I got my familiarity with bankruptcy firsthand -- and that was in 1994, when it was better for the broke guy than it is now.
Well, unless someone held a gun to your head, you are the one who put yourself into debt in the first place. You are the one who bought a truck worth 4 times that debt, plus however many guns you are trying not to lose in bankruptcy.i did some reading and bush signed some bs about passing a means test otherwise you cant qualify for bankrupcty
the banks win we lose
Well, unless someone held a gun to your head, you are the one who put yourself into debt in the first place. You are the one who bought a truck worth 4 times that debt,
If all else fails you can always sell bottles of watter for $1 on the pedestrian crossings, sell nightclub passes on the strip or dress up like Davey Jones and hustle tourists for a tip to have their picture taken with you...
Just kidding. Times are tough as hell right now I seem to see a new hustle every day.
He has a truck worth FORTY THOUSAND DOLLARS. He only owes a fraction of what that's worth, so selling it would clear the books AND give him thousands of dollars more than he owes to put in the bank!DVC wrote:Well, unless someone held a gun to your head, you are the one who put yourself into debt in the first place. You are the one who bought a truck worth 4 times that debt,
This kind of logic is all wrong. Im am sure this person bought these things while employed and was able to make the payments, then life happened and he lost his job.
If this was the way everyone thought, then nobody should ever but a single thing, just incase life hits you and bankruptcy is your only option.