Tags

, , , , , , , , , , , ,

Should You File For Bankruptcy?

written by:
Derek Whitney  
February 25, 2013

Filing for bankruptcy is an intensely personal decision that depends on a person’s current financial situation and future financial goals. There are also some alternatives to bankruptcy that could be pursued first.

Dollarbill

Filing for bankruptcy is an intensely personal decision that depends on a person’s current financial situation and future financial goals. There are many different types of bankruptcy, and which type of bankruptcy applies depends on the situation. There are also some alternatives to bankruptcy that could be pursued first.

How Bankruptcy Works
For most people, the types of bankruptcy usually being discussed are Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves liquidating most of a person or household’s assets in exchange for the discharge of most of their debts. There are still some debts that are not discharged under Chapter 7 bankruptcy, such as student loans. A financial adviser should be consulted to find out exactly which debt would be covered and which assets would be lost……

READ MORE HERE:

https://exploreb2b.com/articles/should-you-file-for-bankruptcy

Image Credit: peasap

Related Videos:

Three Ways To Avoid The Need To File For Bankruptcy – Part 1

https://www.youtube.com/watch?v=0eIjoZqcUSw

What you Should Know Before Filing For Bankruptcy

https://www.youtube.com/watch?v=52rK33qYFdA

 

 

Advertisements