Could someone well-versed with bankruptcy please explain the pros/cons of going that route? I have heard that credit card debt is essentially free money because filing for bankruptcy will wipe out all the debt.
If you already own a home/car, and have no intention of getting a loan in the next 10 years, what is wrong with this strategy?
If you already own a home/car, and have no intention of getting a loan in the next 10 years, what is wrong with this strategy?