Bankruptcy Isn't Always the Best Choice When Debts Pile Up
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This video is a response to Accepted For Value Winston Shrout
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what rights do you lose when you go bankrupt? I thought you just get your credit rating messed up really bad
gaeokm41 1 year ago
@gaeokm41 If you are talking about a "reorganization" type bankruptcy, you lose control over your budget to a very large extent, and you lose a lot of privacy. If it is a "liquidation" bankruptcy, you, again, lose a great deal of privacy and you might have to sell some of your stuff. This is a general answer only, and if you were actually considering bankruptcy you would want a much more specific one from a practicing bankruptcy lawyer. In the video I was referring to privacy and control.
Fightdebt 1 year ago