Bankruptcy avoidance if about to file

[5yrplan]

And when a Pandemic locks us down and causes financial ruin. It's nice to have no debt payments and the cash and nest egg to survive it.

[shipo]

Once again 5yrplan, you prove you do not understand credit (either that or you've allowed yourself to b brainwashed by Dave Ramsey and folks of that ilk). For folks like you there may indeed be "no such a thing as good debt"; for the rest of us, used properly, credit is a tool to help build wealth much faster than living debt free.

[5yrplan]

You filed your own I believe. If a lawyer files they charge about $4K some of that is paid by the plan.

Most debtors are debt free except the mortgage in 24-36 months following the steps. Is it easy, no. Steps 1-3 require giselle intensity but that's temporary.

There's no such thing as good debt.

[justbroke]

5yrplan bankruptcy is an expensive solution? I discharged well over $1,000,000 of debt for the cost of about $500 (filing plus some mailings). Without pointing me to an advertisement, please tell me a cheaper solution which would have divested me of debt within 6 months? I would be interested to hear this through a conversation. Even Dave Ramsey concedes that bankruptcy is a necessary tool.

Avoidance is fine, tough most people that end up in bankruptcy are not in there simply because of poor money management.

[shipo]

5yrplan , what are you trying to accomplish here? It certainly seems you have both an axe to grind and an agenda, one which serves you, and only you. The fact remains, living a debt free life is, in many cases, the worst use of one's money and will only make them poorer in the long run.

[5yrplan]

Bankruptcy is a expensive solutions to your money management issues. Learn how to avoid it. 9 times out of ten Bankruptcy can be avoided.
live a debt free life and never live pay check to pay check again.
Learn the 7 baby steps of money management. [removed by moderator]