Bankruptcy: Good Idea or Not?

BANKRUPTCY: GOOD IDEA OR NOT?

Anybody who is interested in filing bankruptcy needs to consider the pros and cons, ensuring that they

make the right decision

Compare Pros and Cons

Be sure to compare the many pros and cons of bankruptcy, as this will allow you to make an

informed and confident decision

Note:

Chapter 7 and Chapter 13 are most common for individuals, and each

type has its own set of pros and cons

Alternatives to Bankruptcy

Are you aware of the alternatives to bankruptcy?

Before filing, consider other options such as credit counseling

Your Eligibility

You may not be eligible for every type of bankruptcy, so you

must look into this as soon as possible

If you don’t qualify for Chapter 7, for example, you may still be able to

file Chapter 13

The Cost

To go along with the pros and cons, you don’t want to overlook the cost

of filing

In addition to filing fees, you will probably hire an attorney to show

you the way

Impact on your Personal Life

If you are worried about what others will think of you,

bankruptcy may not be the answer

This could change the way others treat you, while also

holding you back from reaching career goals

Hire a Bankruptcy Attorney

With the help of a bankruptcy attorney it is much easier to

determine if this is a good idea or if you should hold off for the

time being

LEARN MORE ABOUT BANKRUPTCY IN OHIO

Content provided by: Best Legal Practices

Click to visit: thecolumbusbankruptcylawyer.com