Wednesday, July 22, 2009

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Finance & Investment

Many people seek debt advice on whether they should file for bankruptcy. For many, it is a tough question that cannot easily be answered. Should I file so that I can start over, or should I fight this in order to pay these bills down? There are some positive things when you file for bankruptcy, such as the ability to get a fresh start and wipe out the current bills that you have. In addition, it can be a life changing moment which allows a person to grow and hopefully not make the same mistakes that they made before.


Bankruptcy is considered among the most difficult events that can take place in a person’s life, and often times in a negative way. The only events which are considered to be more severe than a trip through bankruptcy are divorce, loss of a loved one, a major disability, and an illness which affects you for a long period of time.



Bankruptcy is an option for many that seems to be more acceptable than it was in previous years, but the effects are still very major for your whole life. One must decide whether they want to put the time that it would take to fix their money situation, which will most likely stay years, or take the route of bankruptcy. Neither option is fun, and both carry the burden of having to deal with the decisions that they have made for many years, which can be a very stressful thing