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May 11, 2020

Bankruptcy: Start thinking now, not later

  • People who come out of bankruptcy in the best shape tend to be the ones who got expert advice early.
  • By LIZ WESTON
    NerdWallet

    iStock image
    Since Chapter 7 liquidation bankruptcies can only be filed every eight years, it’s best to file when you can erase the maximum amount of debt.

    If you've lost your job or struggle to pay your debt, you may need to file for bankruptcy. If that's the case, you should ignore some common financial advice and start thinking defensively.


     
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