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Financial burdens are common in many families today because they owe too much money to credit cards and banks. Also, the pandemic hit the U.S., and many lost jobs or had to close their business. If you're one of these unfortunates, filing bankruptcy may help you and your family or business start with a clean slate.
Depending on your circumstances, bankruptcy may be able to help with the following:
Some people believe filing bankruptcy will ruin their credit. In reality, filing for bankruptcy will give you a fresh start so you can start rebuilding your financial situation right away. Moreover, if you do so carefully this time, you could even reestablish yourself as an ideal candidate for loan approval.
After all, creditors don't know whether you're working off your debt or not; they only see the balance. Ironically, bankruptcy clients receive credit card offers from lenders after filing for bankruptcy!
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