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Bankruptcy can provide a fresh start by wiping out some or all of your debts, but it's not right for everyone. There are certain debts that can't be discharged in bankruptcy, and it can have a negative impact on your credit score.
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Bankruptcy is a legal proceeding that can provide a fresh start for people who can no longer pay their debts. It is not a crime, and you are not a bad person if you file for bankruptcy, But consider Bankruptcy can have a negative impact on your credit score
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Be sure to choose a bankruptcy attorney with experience, who is available to answer your questions, and with whom you feel comfortable.
Continue readingIndividuals or corporations with severe debt can apply for bankruptcy in order to discharge their debts and start over.