My nephew has received a "bail out" from his parents TWO TIMES and he has not learned his lesson!

He applies for a lot of credit, goes on a spending spree, charges 2 or 3 cards to the near max leaving one open then he says that he will pay the cards back "when he gets a job over the summer."

The first time he accumulated ,000 of credit card debt, the second time ,000 of debt!

Now he got a new line of credit and has already accumulated ,500 dollars on it in less than 2 months!

I say that his parents SHOULD NOT pay the balance and let him file for BANKRUPTCY!

How else can he learn his lesson!?
HE IS OBVIOUSLY VERY DANGEROUS WITH CREDIT!

I guess his parents never taught him finance as a kid!

Let this be a lesson to parents everywhere who think that their kids are "too young for money."
He is 19 but I use "teenager" because he still acts like a teen with no sense of money!

Technorati Tags: bankruptcy, cards, credit card debt, job, money, nephew, parents, second time, spending spree, teenager

How can you teach or punish a teenager infatuated with LIBERAL SPENDING that when you buy on credit its NOT your money?

My nephew has received a "bail out" from his parents TWO TIMES and he has not learned his lesson!

He applies for a lot of credit, goes on a spending spree, charges 2 or 3 cards to the near max leaving one open then he says that he will pay the cards back "when he gets a job over the summer."

The first time he accumulated ,000 of credit card debt, the second time ,000 of debt!

Now he got a new line of credit and has already accumulated ,500 dollars on it in less than 2 months!

I say that his parents SHOULD NOT pay the balance and let him file for BANKRUPTCY!

How else can he learn his lesson!?

I guess his parents never taught him finance as a kid!

Let this be a lesson to parents everywhere who think that their kids are "too young to learn about money."

Technorati Tags: bankruptcy, cards, credit card debt, infatuated, job, money, nephew, parents, second time, spending spree, teenager

How can you teach or punish a teenager infatuated with LIBERAL SPENDING that when you buy on credit its NOT your money?

My nephew has received a "bail out" from his parents TWO TIMES and he has not learned his lesson!

He applies for a lot of credit, goes on a spending spree, charges 2 or 3 cards to the near max leaving one open then he says that he will pay the cards back "when he gets a job over the summer."

The first time he accumulated ,000 of credit card debt, the second time ,000 of debt!

Now he got a new line of credit and has already accumulated ,500 dollars on it in less than 2 months!

I say that his parents SHOULD NOT pay the balance and let him file for BANKRUPTCY!

How else can he learn his lesson!?
HE IS OBVIOUSLY VERY DANGEROUS WITH CREDIT!

I guess his parents never taught him finance as a kid!

Let this be a lesson to parents everywhere who think that their kids are "too young to learn about money."

Technorati Tags: bankruptcy, cards, credit card debt, infatuated, job, money, nephew, parents, second time, spending spree, teenager

My nephew is a young guy who has K in debt – student loans, credit cards. They’ve went to collections and he wants to file for bankruptcy. He has a stable job, makes decent money but is tired of the collector calls.

I told him declaring bankruptcy would only makes things worse for 7-10 years and beyond, but he wants to throw in the towel because of the collector phone calls. I told him that it IS possible to negotiate with them but he doesn’t believe me.

How can I talk him out of filing bankruptcy?

Technorati Tags: 10 years, collections, credit cards, decent money, declaring bankruptcy, filing bankruptcy, nephew, stable job, student loans

I just want know of a good bankruptcy lawyer in NJ. My brother through out last year has been dawning in credit card/.medical debt. The medical debt is due to my nephew, who was born not so healthy and had to get many surgeries and so much attention from different doctors at Children s hospital of Philadelphia (CHOPS). As of right now he is not delinquent on any credit cards, but I fear that soon he will. I am just trying to fine options for my brother. What can be his best alternative.

Thank you

Technorati Tags: bankruptcy lawyer, brother, credit card, credit cards, doctors, medical debt, nephew, philadelphia, s hospital, surgeries