What are the Consequences of Bankruptcy?

Wednesday, March 28th, 2012
What are the Consequences of BankruptcyFrom time to time you may see ads on television or on Internet websites that promise to help you eliminate all of your debts by declaring personal bankruptcy. The ad pitch often makes it sound as if going through the bankruptcy process is easy, and that you’ll wind up coming out of bankruptcy in great financial shape. It’s true that for some individuals it might become necessary to declare bankruptcy, but it should generally be considered as an option of last resort. There are a number of financial consequences to bankruptcy, and some of them can impact your financial situation...

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