Heck, if lots of folks and companies go into bankruptcy, why shouldn't I?
Bankruptcy is not something that should be entered into just for the
heck of it. Some of your debts might not be dischargeable, and you
might have to give up some of your assets if you file. Very often there
are intelligent alternatives to bankruptcy that may produce a far
better result than going into bankruptcy.
Bankruptcy also goes on your credit records, and may make it difficult to obtain new credit for years.
Before anyone files for bankruptcy he or she should consult with a bankruptcy lawyer.
There are critically important issues as to timing and disclosure that
you had better address before, not after, you file for bankruptcy.
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