5 Things To Think About When Considering Bankruptcy
"You hand over all your assets. Everything that has value and can be sold to pay off your creditors. But that doesn’t have to include your home, if you don’t have significant equity in it."
Filing for personal bankruptcy still carries a powerful stigma today. The word creates fear of irresponsible consumption. There are a lot of myths and rumours surrounding bankruptcy making it unclear if it may be the best financial solution for you. Personal finance expert Bruce Sellery provides a guide to personal bankruptcy to consider.