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Is it Time to File Personal or Business Bankruptcy?

Is it Time to File Personal or Business Bankruptcy?

Entrepreneur & Lifestyle
Bankruptcy? who, me? You might feel guilty at the mere thought of filing for bankruptcy. However, if you are overextended financially, and the future appears like a black hole of endless debt, this can be a way out of your current jam. The truth is that the legal option of filing for protection with the US bankruptcy courts is the only way some people can resolve their crushing loads of debt. Of course, you never intended to rack up excessive bills. You might have borrowed money for legitimate reasons: to start a business, go to college, or invest in a home. Life happened. You got divorced, lost a job that paid you a great salary, or became ill and could no longer work. The end result? A monthly, dangerous game of robbing Peter to pay Paul ensues; you’re covering only the necessar