
BANKRUPTCY – a legal process by which you may be discharged from most of your debts.
The holy grail of debt elimination. It is without question the most extreme method of debt elimination. However, if you do not have a very clear idea of what your rights are, you may find yourself in a most uncomfortable place. Keep in mind that you will never be a client of the Trustee. You are the Debtor!
At the trustee’s office, their job is to be impartial AND their mandate is to protect the interests of the creditors. It could cost more than you expected both emotionally and financially to claim bankruptcy. Having said that, bankruptcy is often the most effective solution.
Contact Blue Fox Financial to find out more and see if this option is right for you.