Advantages: fresh start, no more debts Disadvantages: financial restraints, bad credit rating, possibility of losing all assets, embarrassing
This account only covers personal bankruptcy. I do not know anything about business bankruptcy and will not be able to comment on it.
A couple of years ago everything in my life was on the up. I had a great job with a brilliant take home pay, a car and ...
Advantages: Frees you of worry Disadvantages: feeling ashamed, financial restraints
Yesterday I went to court, to begin the process of winding up
my personal and business affairs. It took me a long while
to realise that I had no choice but to opt for Bankruptcy and
it isn't necessarily the easy option.
My business collapsed this y ...
Advantages: anuls all debt that you cannot pay, gives you a fresh start Disadvantages: affects your credit rating, gets put in the local newspaper!
Here we go , quite an embarressing situation to discuss. But i thought if it helped someone ,somewhere contemplating whether to become "bankrupt" , then its worth while!
We have struggled for many years trying to pay off debts, consolidating loans, ...
Advantages: A fresh start Disadvantages: Ruined credit for a time, stigma, embarrassment
I actually suggested this category for Ciao several months ago. I haven't had the nerve to write this opinion until now.
Bankruptcy isn't the credit standing death sentence that it used to be. After three years, some creditors are willing to lend mon ...
Advantages: Starting a fresh Disadvantages: Embarassment and what comes with it.
Ok, I'll try again! Ciao this is my original review, I wrote it, I haven't copied it, but I want to add some more and can't access the account from which I originally did this! PLEASE DO NOT REMOVE IT AGAIN!!. Thanks to everyone who reads it.