March 19, 2015
After record spending during the 2014 holiday season, many people have come to the realization that they are financially in over their heads. Some have driven so deep into financial insolvency that they are now considering bankruptcy. Is this a good or bad idea?
Lifestyle
There are several types of bankruptcy: Chapter 7, Chapter 11 and Chapter 13. Each of these options offer it’s own set of rules and protections and may not be for everybody, but for some, bankruptcy isn’t the horrifically bad move it once was.
Check out the video below to learn more about bankruptcy, then tell us in the comments below: Is filing for bankruptcy as bad an idea as it once was, or can it be a fresh start for a brand new future?
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Today’s article: Is bankruptcy good or bad?
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