Intro
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Chapter 7
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Chapter 13
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Repercussions
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Free Debt Quote
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Reach Us

 



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Repercussions

Keep in mind bankruptcy doesn't come without some trade offs. For example, filing puts the world on notice about your personal financial affairs. Since it's a civil court proceeding it becomes a matter of public record. In some cases, (chapter 13) even your employer can be involved because this chapter often requires deductions from you paycheck.

Bankruptcy also stays on your credit report for up to 10 years and can hinder your ability to get a job, establish new credit, get insurance and even a place to live. Furthermore, you will have to pay court, filing and attorney fees up front. You will also lose control over your finances since a Trustee will be appointed to oversee the completion of your filing. This in addition to the fact that filing doesn't necessarily get you out of all your obligations, bankruptcy is not that end all solution that it's portrayed to be.

Did you know...
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There is one way to get the financial relief you seek that doesn't involve the hassles of attorneys, court appearances, creditor meetings and judges and can can be done in the comfort and privacy of your own home. Click on the links provided and see for yourself the other alternative that is the #1 recommended solution for dealing with today's most common credit problems.

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