The builder went bankrupt and all brand newly constructions were being auctioned off....

BACKGROUND: As a single woman between 2005-2008 I acquired property that bankrupted me.

I do yearly budgets and write checks for everything I do, while they are a six month break in their job from being bankrupt because they are making payments on everything they own.  

Account Closed  I can honestly say that if I didn't find the pod casts & BP I would most likely be bankrupt or sued.

I for one love to read posts of future bankrupt REI investors taking out loans with higher interest to pay lower interest loans. 

Money/anti-debt guru Dave Ramsey lost his wealth and almost lost his marriage when he went bankrupt after his short-term notes got called. 

Also, Wayne, how many times do you think EVEN A USED CAR DEALER (excellent analogy, btw) has a situation where they procure a car from one of their sources - auction, private individual, etc - and don't sell it within a number of days and decide to stop payment on their seller and tell them to take the car back because they weren't able to sell it and are too poor and morally bankrupt to buy it themselves?

@Joe ScaparraI used to listen to Dave Ramsey, until I realized he went bankrupt due to the most idiotic investment strategy ever.

That has bankrupted HOA's in the past, do the other owner's who have paid their dues deserve that.

Neither of them have any credit cards, he has multiple accounts in collections and she is bankrupt.