If you go bankrupt it is not too difficult to hide some cash before they catch you. Illegal of course, so I am not advising you do so. However, if you did have some cash spare and could warrant buying some liquid assets, say gold, bury the gold and survive long enough to come out of bankruptsy, you would be rather well off depending how smart you are with how you plan and adminster your bankruptsy. I am not sure for Americans, I am Australian, but in Australia, if you leave the country without being declared bankrupt but still owing debt, if they cannot catch you overseas, you can come back after seven years. After those years, they cannot touch you, only if you admit the debt will you be forced to pay. In some countries, say India, it is very possible to live on $200 a week. You do not need citizenship as you can simply cross a border for one day and come back on a new visa. Just some ideas.
I haven't had to go down this road. I haven't succeeded in a whole lot yet in life, but at least I haven't had to go bankrupt. Here in the States lots of airheads consider Donald Trump a hero, meanwhile he's living off of their taxes. Bankruptcy seems to have gained some luster in the last few years hey Bovine?
Despite the intention of the lwa makers in 2005 (to make it difficult for people to file for bankruptcy), bankruptcy still found int way back in the news.
Too bad I must say!
by And Drewson 6 years ago
Have you declared bankruptcy?Did you have to have your house foreclosed too?If so, do have any good news?
by GA Anderson 5 years ago
Hostess Bakeries, makers of the iconic Twinkies is going bankrupt. - 18,500 jobs lost(Reuters) - A standoff between Hostess Brands Inc. and thousands of its bakery workers was heading for a showdown Thursday as both sides declared they would not bend and were set to accept the demise of the...
by karl 5 years ago
Stockton US bankrupt, a sign of the times or just bad management?As a UK national I am interested to see how the riches nation on earth will deal with this situation. the city I live in is $5 Billion in debt and in almost the same circumstances as Stockton, the powers that be in my city (Birmingham...
by marymootoo 7 years ago
Is it possible to go bankrupt and keep some of the stuff I have worked hard to get?Both me and my partner lost our jobs a while ago and altough we have jobs now we are finding hard to keep up with our payments. Has anybody got any good ideas?
by DellaG 8 years ago
How Can A Bank Lose My Money ?
by Sally6767 8 years ago
can anyone become bankrupt if they don't manage their financing correctly? its a scary thing!does filing for bankruptcy hurt your credit score?
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