Bankruptcy is so bad
June 20th, 2008
Far to many debtors jump strait into bankruptcy court without truly knowing the full scope of the negative consequences associated with bankruptcy. For one it will be on your credit report for up to ten years, and a bankruptcy is one of the most derogatory remarks you can have on your credit history. Plus it will be a public record for the rest of your life. Anyone can check the public record to find out. So for the rest of your life whenever filling out another application for credit or even for some jobs, if asked the question about ever filing bankruptcy by law you must answer yes. A much better method of debt relief for many would have been debt settlement
Entry Filed under: Business
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