Why Avoid Bankruptcy?

Topics:
Bankruptcies,
Bankruptcy
Tags:
Ameriprise Financial,
Bankruptcy,
Business Operations,
Litigation,
Personal Finance
Source:
Ameriprise Financial

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Overview: There was a time when bankruptcy was considered a stigma. Filing for bankruptcy was considered shameful, an admission that one could not manage one's personal finances. Nowadays, the stigma appears to have lifted. In fact, rampant credit card debt has driven many Americans to choose the bankruptcy route. Certain debts cannot be erased under any bankruptcy filing, including alimony, child support, property settlements, criminal judgements and fines, student loans, and most taxes. In addition, a bankruptcy filing will not allow you to keep property that secures a loan, such as an automobile or home, unless you repay the loan.

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Format: HTML | Date: Jan 2008 | Pages: 4

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