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Froggy777

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Is ok to fill bankruptcy or not

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NO

It is never "ok" to go back on your word, and to make someone else pay for your mistakes.

Sometimes it is nessesary, but only as a last resort. Not only for what you do to others, but the effect it will have on your life for many years to come.

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It is crazy to file bankruptcy unless you have a lot of assets to lose and your income became insufficient to handle your debts, but most people do so because they spend too much on unnsecured debt and [now can't afford to repay their debts.  Will bankruptcy help your credit? NO!!! It trashes your credit for ten years.  If you seriously want to get your debts repaid without seriousl'y messing up your credit, check out Dave  Ramsey's site for some helpful information on debt repayment.

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