Consequences of filing bankruptcy

Consequences of filing bankruptcy

Bankruptcy can help you discharge overwhelming debt, but it also impacts your credit, job, and personal relationships. Getting a mortgage after bankruptcy A bankruptcy shows on a credit report for 7 to 10 years from the date filed, depending on the type of bankruptcy....
When you shouldn’t file for bankruptcy

When you shouldn’t file for bankruptcy

Filing for bankruptcy shouldn’t be the first option considered when you’re faced with significant debts. Before filing, you’ll want to explore other options like debt consolidation or negotiation. Additionally, bankruptcy doesn’t solve all financial situations or...
Common Bankruptcy Fraud Examples

Common Bankruptcy Fraud Examples

The Federal Bureau of Investigation (FBI) estimates that 10 percent of all bankruptcy filings involve fraud. According to UScourts.gov 413,616 bankruptcies were filed in the U.S. in 2021. That means that over 40,000 cases were fraudulent. In discussing bankruptcy...