Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - If someone files for bankruptcy are they responsible for paying their debt off? - one of my best friends from high school just filed bankruptcy. i have lost touch with her but someone who knows her well told me she just filed bankruptcy. i saw her house she just built a new 3100 sq ft house had a new trampoline and about a 5 thousand dollar playset for her kids built. the friend said her house had all new dillards furniture in every room and she has new patio furniture. after she bought all of this she went and filed bankruptcy. does she not have to pay all of this back?are there leans against someone who does this? just curious how all this works. i pay off all my debt and we live in a house half her size and i make a lot more money than they do. i just cant imagine someone doing that and not being responsible for their debt and getting it all taken away. \
Is the only thing she has to pay for now is her house and car? and all her credit debt is wiped off ? It goes away and she starts over in 10 years and for now all she has is a low credit score and lots of nice things she will never have to pay back? -
