Friday, September 4, 2009

Bankruptcy

Bankruptcy is a word we hear a lot these days. From TV commercials, to magazine ads and newspapers. Everyone is talking about bankruptcies. In general, I have no problem with someone in trouble filing for a bankruptcy. After all, Donald Trump did it. However, what does bother me is everyday people who get into a little bit of trouble and think that bankruptcy is the cure-all for all their problems. Furthermore, it is the absolute go-to - which it isn't!

People, bankruptcies should be that absolute last case resort. Please do not just jump into a chapter 7 or 11, especially without knowing what it means. Please, find an attorney and get a consultation. Keeping in mind, of course, is that an attorney would want to sell his or her service to you so take everything with a grain of salt. Talk to a financial advisor, a CPA, a friend or perhaps someone who has filed for bankruptcy before. Remember that each situation is unique so the slightest detail can make a world of difference.

Visit http://www.rtmediation.com/bkcy from Affordable Bankruptcy Lawyers for a free consultation and make sure that there are no other alternative before you file. Please.

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