Debt Relief: Bankruptcy

Try to Avoid Bankruptcy

Bankruptcy should only be considered as a last resort. Depending on the type of bankruptcy filed, it can last 7 to 10 years on your credit record. Of all the methods, bankruptcy has the longest recovery period. Bankruptcy laws and codes are always changing, often making it more difficult to eliminate unsecured debts.

Bankruptcy Laws

In the past many consumers who would have filed chapter 7 are now required to make repayment to their creditors under chapter 13, which takes several years and involves the cost of an attorney.  Currently, bankruptcy filings are public record and may be viewed by any potential employer, lender or common citizen. In fact, some employers are requiring credit checks prior to job offers.

Alternatives to Bankruptcy

If you are considering bankruptcy, there is hope. Let a certified debt specialist explain how you can take a detour around bankruptcy and why it should be your last resort.

Call Common Cents Credit Solutions at 877-332-8785 in the Phoenix, Arizona area to talk with a debt specialist about alternatives to bankruptcy.