PB
Personal bankruptcy
Topic
What experts have said about Personal bankruptcy
4 statements · 2 negative · 1 mixed · 1 neutral
Personal bankruptcy is less severe than commonly perceived, though it costs money.
“bankruptcy is actually not that hard, not that brutal, a little expensive, but it's really not the worst”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 16:54
Bankruptcy can affect credit for seven to ten years.
“There is a credit impact, seven to 10 years depending.”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 18:17
Bankruptcy does not prevent renewed financial distress without behavioral change.
“if you do not change the your behavior that got you into that situation in the first place, you will literally end up right back there again in a few years”
Open the episode · Why Everyone Is Drowning In Debt (and how to get out) - Caleb Hammer - #1123Listen at 19:43
Bankruptcy is ineffective unless debtors change the behavior that caused their debts.
“Bankruptcy doesn't make sense unless you actually change the behavior that got you there in the first place.”
Open the episode · #2509 - Caleb HammerListen at 1:43:27
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.