Thread: How to reverse a bankruptcy!

So I started to spread the good word about this site, and people have started to ask me questions that I couldn't possibly answer... So I have told them to sign up as this is probably the best site I have come across in at least three years! If not ever!

One of my friends however doesn't have time to sort out his files till next week, so before he does I thought I would ask this question, and see if its worth him actually doing his files for here.

He was declared bankrupt in 2005, and this was due to a series of loans, and credit cards, they kept giving and giving until he couldn't afford to pay them back, and after a while (25,000) he had to file for bankruptcy.

Now I am wondering if he has the original credit agreements, and there is something wrong on them, can he claim he was missold the loans, and/or cards, and have the bankruptcy removed, or reversed?

And if so how would he go about doing this?

I've said if he has the original agreements, then to get them put up here, so people can rip them apart, and give an opinion, but as he works quite a few hours, I thought I would test the water first.

made bankrupt 2005
two more years and clear 2011

to be honest the time and reserch needed, a no go, tell him just except it for a few more years

to reverse a bankrupcy is very rare, ive not come across a thread where it has been done.

it would mean going in front of a judge and explaning why you want it reversed.

again, after all this time

i would let sleeping dogs lie

JUST MY OPINION

Would it be worth though rather then reversing the bankruptcy, maybe he could still ask for the money to be returned on charges etc? If the loans were illegal, or would you consider that too much hassle considering he is already bankrupt?