Fleysher Law Blog

What are the alternatives to Bankruptcy?

Your right to file for bankruptcy and discharge your debts is a very important and very powerful right. It can only be used once every 8 years and should not be exercised unless absolutely necessary. The general rule of thumb for deciding whether you should file for bankruptcy is this… if your unsecured debts are equal or greater than your annual salary, you should file for bankruptcy. This general rule

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