2007-01-31 08:08:48 · 4 answers · asked by norma n 1 in Business & Finance ➔ Credit
there are alot of pros and cons to bankruptcy.it takes burdens off of you by taking care of your bills, but it really puts a dent in your credit for a while.sometimes it can be a good thing if you need a fresh start.its best to get advice from an attorney.they can explain all your options.good luck
2007-01-31 08:20:08 · answer #1 · answered by dynamite136 3 · 0⤊ 0⤋
How to Avoid Bankruptcy Explained
With the rising consumerism, aggressive advertising campaigns and increasing incomes, people are living well beyond their means. As a result, they are burdened with heavy debts. If they are unable to repay the dues, they have to file bankruptcy. Bankruptcy is the last resort when you are reeling under financial problems....
2007-02-01 01:07:30 · answer #2 · answered by seun u 1 · 0⤊ 0⤋
you will not get credit for at least 7 years
2007-02-04 09:59:17 · answer #3 · answered by jerry 7 · 0⤊ 0⤋
i did, it is not so bad. gets better once you start rebuilding your credit.
2007-02-04 03:23:09 · answer #4 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋