At times it can be difficult for people to even say the word “bankruptcy” let alone take a rational approach in determining whether or not it is a good option for their debt situation. If anything families wait far too long before making the decision to pull the trigger and file their bankruptcy case.
It is understandable. There is a lot of baggage and preconceived notions that come with bankruptcy – fears of what it will mean for your future and what it means about your character.
However, there are times when bankruptcy is not only necessary but will save you much financial heart ache in the years to come.
On today’s show I go over five factors you should consider in determining if filing bankruptcy is a good option for dealing with your debt problems, or if it is something you should avoid all together.
Resources Mentioned in Today’s Show
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John Skiba, Esq.
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