We know that filing for bankruptcy is never a great thing for your credit history. We can help you avoid bankruptcy with our staunch strategies. We can create a rigorous financial plan to help you avoid bankruptcy. Many individuals are misinformed that filing for bankruptcy means a fresh financial start, but that’s not the case. Here are some disadvantages of filing for bankruptcy:
- Many debts like student loans, income taxes, divorce settlements aren’t discharged.
- Damages your credit score and minimizes your chances of acquiring a loan
- You can lose luxury assets
- Deteriorates your reputation