Filing Bankruptcy - Is It Wise?
Filing bankruptcy is a familiar practice in the US. Over 2 million people file for bankruptcy each year. This may sound like a dramatic event that will change your lifestyle for a very long time, but the reality is quite different. There are a handful of reasons a person files for bankruptcy: for instance unemployment, unanticipated medical bills, large credit card debt etc. After you have filed bankruptcy and the case is closed you virtually have a clean slate. Filing bankruptcy will immediately get your creditors off your back. And, with some cases (like Chapter 7) most debts are able to be discharged. ...
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