Bankruptcy may not be the only option
Bankruptcy may not be the only option
Article provided by Cunningham & Chernicoff, P.C.
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When an individual is incapable of meeting his or her financial obligations, bankruptcy is perhaps one of the more familiar remedies. However, bankruptcy can have some negative consequences: it may injure a person's credit score, and may not actually bring about the intended results, particularly if a person has mostly secured debts, such as a home mortgage, which the person cannot afford. Debtors seeking an alternative to bankruptcy may ...