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Forum Post: Day Of Mass Bankruptcy Filing!!!

Posted 13 years ago on Oct. 10, 2011, 8:39 a.m. EST by xposingfalsehoods (39)
This content is user submitted and not an official statement

I think another idea is we should set a day a few months from now as this movement picks up steam is to have everyone in credit card and and bank loan debt to file for bankruptcy in one day,,,screw the banks and say we will not pay back the counterfeit money you loaned us with our hard work..that will be a blow to the banking industry....I would appreciate feedback of any kind thanks

5 Comments

5 Comments


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[-] 1 points by MJT (138) from Phoenix, AZ 13 years ago

Gov't backed student loans cannot be cleared-up in bankruptcy. FYI.

[-] 1 points by xposingfalsehoods (39) 13 years ago

yea that is what ive heard, sadly I have friends that are stuck with this crazy loans

[-] 1 points by xposingfalsehoods (39) 13 years ago

bankruptcy or settlements. anything to stop making payments

[-] 1 points by teddyr (159) from Bronx, NY 13 years ago

Yes, this is a great idea. Except you cannot bankrupt your credit card debt. But, pick a date so everyone can do this. So, I can buy some great assets for pennies on the dollar.

[-] 1 points by Rob (881) 13 years ago

I am looking for a clean, reliable, late model car. This should drive down the prices as repo's flood the market.