YOU MUST READ THIS:

Filing Bankruptcy Chapter 7 and Chapter 13 Personal Bankruptcy

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Posted by: DENNIS on 07/31/03:

Posted by: Jo on 07/30/03:
First off, this is a message board for people to seek advice, not
criticism.Obviously Jerome either works for a CA,or just doesn't have anything better to do with his time than to harass victims of the credit card industry.I must admit that with all of my problems, it is sometimes refreshing to read his posts, as I take them & him as a joke. So I thank him for that. He is way off base & very unknowledgable about how the whole banking & credit industry works however. I suppose he thinks it is just & alright that banks can charge 23% interest on debt, but only pay less than 1% on a saving account.I suppose also he believes that the good hearted credit card company actually loaned us any of their money..lol....credit card companies BY LAW can NOT loan anything, if they did they would be counterfiting.They loan money on paper"{ONLY)" with a promise to pay based on income....Well if things change and our income is less or we are in over our heads, and can not pay, then we can not pay ourselves back...the only thing the CC loses is their ridiculous interest..Again Credit card companies BY LAW can NOT loan money!!
THEY can not PRINT MONEY.....when we do not pay them back through
bankruptcy that proves it...Bankruptcy is federal law...why???
because the federal reserve is the only place you can actually get money..& they know it....SO I say if credit card companies want to continue ripping Americans off with ther outrageous interest rates, then they will have to circumt a few loses, like any business.......& they do NOT LOSE it is a tax deduction.....
& we the consumer still must pay, by having our dignity & respect shoved into court, and be labeled a deadbeat...NOT TRUE!
And we must pay by having a credit report showing this, and we are slapped on the hand, the next time we try to purchase a home...well so be it, BUT BK is not the end of the world IT IS A NEW BEGINNING...NO ONE listen to anyone's negativity about it...YOU will know if you have to file or not, and if you do, do it with a clear conscience...GOOD LUCK TO YOU ALL> even you Jerome

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: Posted by: Jo on 07/30/03:

: First off, this is a message board for people to seek advice, not
: criticism.Obviously Jerome either works for a CA,or just doesn't have anything better to do with his time than to harass victims of the credit card industry.I must admit that with all of my problems, it is sometimes refreshing to read his posts, as I take them & him as a joke. So I thank him for that. He is way off base & very unknowledgable about how the whole banking & credit industry works however. I suppose he thinks it is just & alright that banks can charge 23% interest on debt, but only pay less than 1% on a saving account.I suppose also he believes that the good hearted credit card company actually loaned us any of their money..lol....credit card companies BY LAW can NOT loan anything, if they did they would be counterfiting.They loan money on paper"{ONLY)" with a promise to pay based on income....Well if things change and our income is less or we are in over our heads, and can not pay, then we can not pay ourselves back...the only thing the CC loses is their ridiculous interest..Again Credit card companies BY LAW can NOT loan money!!
: THEY can not PRINT MONEY.....when we do not pay them back through
: bankruptcy that proves it...Bankruptcy is federal law...why???
: because the federal reserve is the only place you can actually get money..& they know it....SO I say if credit card companies want to continue ripping Americans off with ther outrageous interest rates, then they will have to circumt a few loses, like any business.......& they do NOT LOSE it is a tax deduction.....
: & we the consumer still must pay, by having our dignity & respect shoved into court, and be labeled a deadbeat...NOT TRUE!
: And we must pay by having a credit report showing this, and we are slapped on the hand, the next time we try to purchase a home...well so be it, BUT BK is not the end of the world IT IS A NEW BEGINNING...NO ONE listen to anyone's negativity about it...YOU will know if you have to file or not, and if you do, do it with a clear conscience...GOOD LUCK TO YOU ALL> even you Jerome




 
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