3 Times Bankruptcy Is the Right Move
Filing for either Chapter 13 or Chapter 7 bankruptcy will cost you, lowering your credit score by 100 points or more. This will make qualifying for new credit cards, a mortgage loan, auto loan, or personal loan nearly impossible, at least for several years after you file. But that doesn’t mean that filing for bankruptcy is never the right decision. “We look at bankruptcy as a last resort,” said Leslie Tayne, a debt-relief attorney and founder of Tayne Law Group in Melville, New York.
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from Royalty Mart http://royaltymart.com/2015/11/09/3-times-bankruptcy-is-the-right-move/
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