The decision to declare bankruptcy is a very significant one, and is never taken lightly. And yet, every year more than 500,000 people declare bankruptcy across the United States. The reasons that people declare bankruptcy are varied, but tend to fall into a few broad groups. Here are five of the biggest reasons that people consider declaring bankruptcy:
Continue reading “Five Reasons People Consider Declaring Bankruptcy”
Bankruptcy, for many, signals an absolute low point that they would prefer to avoid at any cost. Not only does it indicate financial trouble, with bankruptcy typically indicating a person has more debt than they can reasonably pay off, but many see it as a sign of personal failure. But for some people, it may offer a chance to restart their financial lives. Here are five ways declaring bankruptcy might be able to help you: Continue reading “Five Ways Bankruptcy Might Help You”
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