Is bankruptcy the right solution for you?

When your debts get seemingly out of control, bankruptcy can seem like the best or easiest answer to your financial troubles. However, it’s important to carefully consider this option before filing any paperwork.

Pros of Filing for Bankruptcy

• Eliminate a great deal of your debts, depending on the type of bankruptcy that you file
• A fresh start and clean slate

Cons of Filing for Bankruptcy

• Negative credit rating for up to 10 years
• It is harder to qualify for loans, credit cards or rental housing
• A bankruptcy may not eliminate all your debts
• A bankruptcy may lead to the seizure of your assets

Filing for bankruptcy is never a good thing. However, it may seem like the only way out of your debt. Before making any decisions, consider taking a credit counseling course from FreshStartToday.com to learn about different debt solutions available to you. 

This sponsored post is brought to you by FreshStartToday.com. All the views and opinions expressed are mine.