Posted on July 24, 2009 at 5:11 am I want to file bankruptcy but I don't know for how long

Posted on July 24, 2009 at 5:14 am Did you mean to ask, how long does a bankruptcy take to discharge?Chapter 13 bankruptcy process takes anywhere from 36 to 60 months.Chapter 7 takes four to six months.

Posted on July 24, 2009 at 5:16 am May I ask why you are filing bankruptcy? Are you facing a lawsuit, a foreclosure, or just annoying collection calls?

Posted on July 24, 2009 at 5:19 am Were you asking how long a bankruptcy would last because you are not sure for how long you are going to be able keep current with your payments or are you already past due with your accounts? What types of debt are you trying to get out of?

Posted on July 24, 2009 at 5:22 am why so many question? i want to file bankruptcy i don't know for how long im working to pay credit cards- im old

Posted on July 24, 2009 at 5:24 am They meant well sir, they are asking you those questions because filing bankruptcy is usually not the first advice that any debt expert would give a consumer. Especially in your case, you said that what you have are credit card debts, those are considered unsecured debts--which means that they can be negotiated with the creditors, they can be instead settled.Are you behind on your payments? Are those the only debts that you have?

Posted on July 24, 2009 at 5:25 am no i ahve 401k, so many questions

Posted on July 24, 2009 at 5:32 am Okay Mister Laissez-faire, for your credit card debt, try debt settlement instead as they have suggested, that is if your credit amount is $10,000 and above plus you are already in default. What debt settlement can do is try to cut that amount to at least half while you are saving up money to pay what the creditors and the debt settlement company have agreed upon.As for your 401(k) understand that the repayment terms may differ according to what your reason was for getting a loan against it. If for example, you borrowed from your retirement for a down payment on a house, your employer may allow you 10 to 15 years to repay that loan. It can be lower...have you started paying back this loan? How many years do you still have to complet it?

Posted on July 24, 2009 at 5:33 am 3 yers, and okay i see now. thank you

Posted on July 24, 2009 at 5:38 am Sir, thank you for stopping by destroydebt.com/forum to ask your question, I can see that you are uncomfortable discussing your financial issues on the threads. Feel free to fill out one of the forms here and speak with a debt consultant instead so you'd get matched up to the right debt relief service for you.