Bankruptcy is a concept that comes loaded with lots of negative social connotations. However, it's important to think about bankruptcy as a tool that allows you to address specific financial problems.
Declaring bankruptcy isn't an inherently bad financial choice in most circumstances where a court would allow it. Generally, if you're at the point that a judge would he
- Debt can have a devastating way of taking over your life. State and federal debt laws may grant your creditors extensive reach to garnish your wages and levy your bank accounts and assets. You may find yourself without any money to live on reasonably and sinking further and further behind to companies to whom you owe money. Instead of living with significant debt, you