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Declaring personal bankruptcy is often a last resort option

Daily newsbrief journal for June 2012, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


Declaring personal bankruptcy is often a last resort option

Postby admin » Fri Jun 29, 2012 10:14 pm

Declaring personal bankruptcy is often a last resort option for debt management. If you declare bankruptcy, you are granted a court order saying you don’t have to pay off certain debts.
However, the effects of filing for bankruptcy are long-lasting. It stays on your credit report for 10 years and can make it hard to get a line of credit, buy a home, or sometimes even get a job.
The U.S. Courts put together a video series explaining the bankruptcy process, the relief it offers and how to find legal help you might need. If you’re considering filing for bankruptcy, these videos could help you understand what’s involved.
Learn more about what's involved in filing for bankruptcy.
http://links.govdelivery.com/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTIwNjI5Ljg2Njk2NDEmbWVzc2FnZWlkPU1EQi1QUkQtQlVMLTIwMTIwNjI5Ljg2Njk2NDEmZGF0YWJhc2VpZD0xMDAxJnNlcmlhbD0xNzA1NDI5NSZlbWFpbGlkPWppbXRha2VkYUBnbWFpbC5jb20mdXNlcmlkPWppbXRha2VkYUBnbWFpbC5jb20mZmw9JmV4dHJhPU11bHRpdmFyaWF0ZUlkPSYmJg==&&&101&&&http://1.usa.gov/oqKNZU
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