Karma asked:


I am wondering if they would be better going bankrupt but I have no idea what the consequences are for this…I always just work harder & do more things & so I don’t know what they are going through but don’t want to tell them to do things the way I do them….they actually might not be able to work enough & I am afraid one of my friends is going to get sick from pushing so much. So I would like to know what is best….she has a lot of credit card dept & the companies have made it very hard for to pay back by raising her rates when she has done nothing…..anyway, she has a mortgage & equity loan & everything was good until she ended up with a large amount of hospital bills…So if she goes bankrupt & focuses on just paying back her home & equity loan what would be the consequences & would she still owe on the large credit card debts? ..what if she sells her house in a few years & has done well by then will she have to go back & pay off the credit cards or are they just wiped clean?

Glenn