The drawbacks of bankruptcy include costs associated with attorney and court fees, the potential requirement to sell assets such as non-retirement investments, furniture, or jewelry, and the fact that the bankruptcy will remain on a credit report for seven to ten years depending on the type filed.

Authors

• Person: Not available Organization: Bankrate
  A Comprehensive Guide To Debt Relief Programs | Bankrate

Sources

• A Comprehensive Guide To Debt Relief Programs | Bankrate www.bankrate.com Bankrate via serper

Referenced by nodes (1)

• bankruptcy concept