Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Has anyone declared Chapter 7 bankruptcy and been happy with it? - I have a friend who took care of his mother and his aunt and accumulated a lot of credit card debt for personal living expenses, while he paid the medical bills and now he cannot catch up on his bills. He is a very good hearted, honest person, but he is so far behind. He is working, (Thank God, because a lot of people are unemployed), but he is considering bankruptcy of all of his credit cards.
I have known people who declared bankruptcy and they were happy and felt free afterwards, and they are honest, hard working people. But I knew one person who went bankrupt and within 3 years, she was in over her head again with debt, because she never quit buying things and she never learned her lesson. As long as a person learns a lesson and doesn't revert back to accumulating debt, maybe bankruptcy is a solution. Does this make sense?

Has anyone declared total chapter 7 bankruptcy and been happy with the results?

Thank you so much. -