Should You File for Bankruptcy if a Strong Economy is Just Around the Corner
Titan Consulting
AUGUST 23, 2020
Key Takeaways. Bankruptcy will destroy your credit and remain on your credit report for up to 10 years. In many cases, you may also lose certain secured assets like homes and cars in a liquidation to pay your creditors some of what you owe. You must qualify to file for bankruptcy, and your income must meet an income means test. Each state has a different income level for qualification.
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