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Is the Government Really liquidating Debts

  1. 0
    RTKworksposted 5 years ago

    A Break For American Families
    Receive Permanent Suspension of Most Bills. How This Works!

    This is a real email sent to me, considering the options of many today i'm curious if this is something that anyone reading have try and their views and outcome. below is the complete mail.

    A Break For American Families
    Receive Permanent Suspension of Most Bills. How This Works    Assistance Bulletin
    Local Edition
    May 20, 2011

    SPECIAL May 20, 2011 NOTICE on Permanent Suspension That May Be Available To You

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    1. Quilligrapher profile image88
      Quilligrapherposted 5 years ago in reply to this

      The government IS NOT liquidating debts. This email entices readers to file for protection under their state’s bankruptcy laws.  It does not eliminate your debt. It just verifies you are incapable of paying. It prevents creditors from hounding you for collection. This process will not succeed if your assets exceed you debt.  Some purchases made on credit may have to be returned.  And the blemish of bankruptcy remains on your credit record for years. I, personally, would not contemplate this without first seeing a credit councilor.

    2. dutchman1951 profile image59
      dutchman1951posted 5 years ago in reply to this

      this is not legitimate.
      there is not Gov. program for this, this is either a  ploy to get your personal info, or a tick to promote bankruptcy filing. Be very very carefull. Do NOT send them any infomation, turn it in to your local police detective.

  2. Cagsil profile image84
    Cagsilposted 5 years ago

    What website?

    1. Quilligrapher profile image88
      Quilligrapherposted 5 years ago in reply to this

      Spammy post!

  3. 61
    promoter1posted 5 years ago

    Thank you so so much for clarifying, I got the same email. I always heard filing for bankruptcy was a bad thing to do especially if you want to own this like buying a house ect. But my friend told me she filed for bankruptcy and now banks are giving loans out to people that have chapter 7 and 13 bankruptcy on their credit report.  Can you tell me a little more about?

    1. Quilligrapher profile image88
      Quilligrapherposted 5 years ago in reply to this

      It is not impossible to obtain loans and credit cards after filing bankrupcy.  However, your credit report will identify you a poor credit risk who has already failed to meet your obligations.  Hense, the interest on any loans you may obtain will be much, much higher than paid by others with a good credit history. If you plan to need or use borrowed money in the future, you will be better off with a good, clean credit report.