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Bankruptcy is often viewed in one of two ways. It is either considered to be an easy way out of debt, a way that will clear all financial responsibility and allow the person to wipe the slate clean and start afresh, or it is seen as an ominous, threatening, financial demon that destroys credit scores and everything else in its path.
The truth, as is so often the case, is somewhere between these two extremes. That is the subject for discussion in this section of the DebtReviews website as we pick apart the pros and the cons of filing for bankruptcy, before telling you how to do it, how to do it cheaply, how to get the best outcome, and much more.
There are many different types, many different expenses involved, and many things that you need to consider when you file for it. It’s far from a simple process, but if it is done in the right way then it can be a very useful one.
So, to learn more about it, click the articles below and you will be directed to the many guides we have written on this subject.
Debt is an ever-present, looming threat for most modern American families and even though bankruptcy can be an escape from the most serious of debts, it is feared. A lot of that fear stems from a lack of knowledge, and that’s what we will try to fix in this guide as we ask, How does […]Continue reading
Bankruptcy is a debtor’s last resort, and in some ways it is a pretty good last resort. Providing you follow the terms of the bankruptcy to the letter and prepare for it properly then it can help to give you a fresh start. However, it should not be seen as an easy way out, because […]Continue reading
Bankruptcy is misunderstood by the general public. It’s one of those things that never seems to make sense. How can a celebrity or a super-rich businessperson declare bankruptcy and still seemingly own big houses and cars; how can it be the end of the world for the average person and a mere blip for the […]Continue reading