Quote:
Originally Posted by candyflip
I have a friend who's a bankruptcy lawyer. He claims that you can have new credit cards, car loans and even a mortgage almost immediately after filing. I don't know what truth there is to that, as I've never been in that situation...but I'm inclined to think he's telling me the truth.
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Yeah its true, I've known a couple people that have done it. Most lenders will
be tougher on you though, or charge much higher rates. And I believe the laws passed recently make it tougher to claim bankruptcy.