Can Filing For Bankruptcy Help You Get a Fresh Start Financially?
Can Filing For Bankruptcy Help You Get a Fresh Start Financially? Whether you’ve recently lost your job, had a major medical emergency, or run up too many bills, filing for bankruptcy may be the solution you need. Although it may seem like a daunting task, there are many advantages to filing for bankruptcy. In addition to the financial benefits, bankruptcy can also give you a fresh start. Debts Filing for bankruptcy will not eliminate all of your debts. Some debts, such as credit cards, will remain on your credit report. However, there are certain types of debt that are completely eliminated in bankruptcy. These debts include student loans, child support, tax obligations, and alimony. The bankruptcy law is designed to give you the best possible start, but it’s important to keep in mind that you are still responsible for your debts. You’ll have to pay the bills and you’ll have to make sure your accounts are up-to-date. While bankruptcy can give you a fresh start, it doesn’t do much