What are the risks of filing for bankruptcy?

0 ⤊

What are the risks of filing for bankruptcy?

2006-12-18 15:31:27 · 3 answers · asked by Joey D 2 in Business & Finance ➔ Personal Finance

3 answers

There are no risks, you just won't have credit for awhile afterwards! It will take awhile, so you may not be able to say rent or get buy a house right away. But it's all worth it in the long run!

2006-12-18 15:39:04 · answer #1 · answered by SwtPrincess1128 3 · 0⤊ 0⤋

It's on your credit report for ever (almost).

If you could pay it all off in like five years do that instead cause the bankruptcy will be there even longer.

2006-12-18 16:12:37 · answer #2 · answered by Red 5 · 0⤊ 0⤋

none that i know of. i filed 4 years ago.. no problems yet.

just get a good lawyer.. not those crap ones..

2006-12-18 15:33:47 · answer #3 · answered by Anonymous · 0⤊ 0⤋