10 Things to Know Before Filing For Bankruptcy

  1. Filing for bankruptcy is not free
  2. A bankruptcy filing is public record but not published in the newspaper
  3. You will have to go to Court – creditors hardly show up to the hearing
  4. There are mandatory classes
  5. Not all debts are discharged
  6. Most people get to keep their house and/or car
  7. A bankruptcy will remain on your credit report for up to 10 years
  8. Bankruptcy does not give you good credit, it clears out your bad credit
  9. Rebuilding your credit after bankruptcy takes work
  10. Don’t be ashamed, many people have filed for bankruptcy

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