Comments on: Tips for Dealing with Bankruptcy

By: Vivian Black

Vivian Black — Thu, 19 May 2016 20:38:08 +0000

The advice to get credit and debt counseling before jumping into filing for bankruptcy is really smart. It makes sense to look at all your options and see if your debt can be managed before making that decision. It’s also a good reminder to liquidate your belongings as much as possible.

By: Laurel Larsen

Laurel Larsen — Thu, 14 Jan 2016 15:36:40 +0000

I always thought credit was something that you couldn’t change, but I am glad to hear that professionals can help get it back on track. With a high credit score, like you say, more beneficial options open up, as well, like refinancing loans. The savings are quite high too: $4000 a year can be the difference between declaring bankruptcy and getting back on the right track. Great article.

By: Drew

Drew — Wed, 04 Nov 2015 19:29:06 +0000

Excellent tips for dealing with bankruptcy. Credit counseling is perfect for putting you in the correct mindset for climbing out of the hole you are in. Thanks so much for sharing!

By: Veronika

Veronika — Wed, 07 Oct 2015 19:53:51 +0000

We avoided bankruptcy by borrowing money from my father’s 401K. The money has since been paid back. We are so thankful that it was there to borrow from in the first place, and to be back on our feet again!

By: Derek Chamberlain

Derek Chamberlain — Mon, 10 Aug 2015 22:46:48 +0000

I completely agree Bryan!

By: bryan flake

bryan flake — Mon, 10 Aug 2015 21:29:58 +0000

I can see your point of how important it is to get an expert credit counselor to consult with before you file for bankruptcy. It is almost a knee jerk reaction to file for bankruptcy and absolve yourself of debts. However, you never know what the future holds, therefore, it is best to hold your “get out of jail free” card as long as you can, before using it.

By: Albie Cardew

Albie Cardew — Mon, 20 Jul 2015 17:18:58 +0000

As the article explained, sometimes debt and credit consolidation “comes down to education.” Finances can be difficult to navigate, especially if they are your own, but having an specialist counsel you on your credit could make a difference. This is something I hadn’t thought of, but it may be of use to my brother. He has been struggling with credit debt lately, and I think this advice about “education” could help him turn his finances around.

By: Wilfredo Hernandez

Wilfredo Hernandez — Thu, 02 Jul 2015 14:17:33 +0000

I didn’t know that bankruptcy could lower your score by over 250 points. My Dad went through bankruptcy when I was a kid and I remember him being stressed out a lot. Thankfully, he was able to navigate through his credit problems and end up doing great. For many, however, it’s important to weigh your options heavily before making a choice. Thanks for the informative post!

By: Derek Chamberlain

Derek Chamberlain — Wed, 24 Jun 2015 01:34:52 +0000

Glad to help Sara!

By: Sara Killinger

Sara Killinger — Fri, 19 Jun 2015 20:23:48 +0000

Thanks for the useful tips on getting credit or debt counseling before declaring bankruptcy. I feel like this will benefit my husband and I in the long run before making the final decision to file bankrupcy. I’ll definitely keep this in mind in the future.