When Filing for Bankruptcy May Not Be the Best Option
If you have debts you are struggling to pay, you might have considered bankruptcy. Bankruptcy has serious consequences, and it should not be a decision that is made lightly. It will stay on your credit report for up to a decade, which will make it difficult for you to obtain loans or rent an apartment. It could even impact your ability to get a job as some employers now run a credit check on potential hires. You should also keep in mind that a bankruptcy will not discharge all debts; child support, student loans, and most taxes will generally not be discharged with a bankruptcy.
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