Bankrupt- what's worst that can happen?

Depression and partner leaving meant I spent lots on cards in last few months. Whats the worst that can happen to me? A BRU? I just am so worried. :(

Bankruptcy is not always the worst thing, it is just the last resort. It will affect your credit rating for a long time, so you need to consider that. One step before that is a debt settlement advisor. Look at some of the tips in the debt settlement thread, there are some great tips. Good luck, and I am so sorry you are going through this.

One must not lose control over oneself , that is very important. You will overcome it. Be patient and work harder.

I agree with you, Neol. One must be positive in thinking other ways to solve this kind of problem. Take step one at a time and decide what is rightfully right before messing all up. Don't pay debt by making another debt.

[QUOTE=chrissie1101;152]Bankruptcy is not always the worst thing, it is just the last resort. It will affect your credit rating for a long time, so you need to consider that. One step before that is a debt settlement advisor. Look at some of the tips in the debt settlement thread, there are some great tips. Good luck, and I am so sorry you are going through this.[/QUOTE]

I would have to agree with this. When my mom decided to gave up her 15 year old business she was devastated that she needs to file bankruptcy after all her efforts to save the business. However, with this solution my mom was able to breath easily and stop worrying about all the troubles that the business went through. I know people would understand the situation. Thats how life works we have to accept our failures and move on.

It's not the worst thing, but with the laws just passed on it. It's not the same as a few years ago.

People give up very easily and hopwe for the worst instead of the best. What a pity.

The worst has to be suicide. It can break entire families down to the point where they inflict suicide on themselves. People must remember that filing for bankruptcy allows one to start fresh.

The worst thing that can happen is if you cannot move on with your situation. We should still be positive that we could rise from it. Bankruptcy is never the end it can be a start of a new living.

I agree with you chum112 if you file bankruptcy you can start over. There have been times I wish I had filed bankruptcy to start over.