"...not the money they thought they would get..." Means NOT THE MONEY YOU PROMISED TO PAY BACK WHEN YOU BORROWED IT!<quoted text>
No, I do not consider it stealing in the least. People file bankruptcy everyday. It is not a positive thing and I will not be jumping for joy when I go to court and have to file. Creditors will get their money, just not the money they thought they would get. I would retain one credit card and keep my new car.
Presently, right now, we are doing fine, but I am not leaving South Tampa and turning my life upside down to save $100 a month. I live where I am at for a reason and that is it. I am not going to live in "da hood".
I have not even discussed my ideas of bankruptcy with my partner. It only concerns me and I would have almost $ 1000.00 more a month to offset the expenses of cost of living, rent increases, and meager to no raises in pay.
This is the nature of the economy and what is happening. So, yes, I have not filed yet and probably won't because I value my 700+ credit score too much, but the thought will continue to cross my mind as it is the "easy way out" for me. It would clear so much debt and would allow me to "start over" with my finances, but that comes at an extreme cost to me for the next 10 years and it will not be a fun time for me.
Sorry Steven, It is theft.
People went nuts when the administration tightened the bankruptcy laws. YOU ARE THE REASON!