Additional Financial Resources
Bankruptcy
Filing for bankruptcy will give you immediate relief from the collection actions
of most of your creditors because of something called an automatic stay.
Advantages
- * You have to repay very little, if no money to your creditors.
- * You can start fresh.
Disadvantages
- * A bankruptcy can remain on your credit report for 7-10 years.
- * You could lose your job or prevent yourself from getting a promotion.
- * A bankruptcy on your credit report could prevent you from purchasing a home or a car.
For more information or questions please feel free to contact our Financial Resources
Group at
1-800-435-1945.
