Bankruptcy is a tough decision for people to make, but it may be necessary, sometimes. Going through this situation is best served when equipped with lots of solid advice. Read the below article for excellent advice from those who have personally went through bankruptcy.
Before undertaking the bankruptcy process, ensure you have made the correct decision. There are other options available, such as credit counseling for consumers. Bankruptcy stays on your credit for a whole decade, so if there are less drastic options that will solve your credit problems, it is in your best interest to make use of them.
Do not use a credit card to pay income taxes and then file bankruptcy. In many areas of the country, this debt will not be dischargeable, and in the end you will be left owing the IRS a … Read the rest