5 Tips to Help You Avoid Bankruptcy

Why should you avoid bankruptcy at all costs? Although bankruptcy may seem to be a quick way to escape a heavy debt burden in the short-term, it can have serious financial consequences in the long-term, particularly in the wake of changes enacted to bankruptcy law in 2005. Those who declare bankruptcy under the new laws may find themselves with a poor credit rating.  This could affect their ability to avail of credit at standard interest rates for up to a decade. This means that any loans you are granted will come with high interest charges. Read More …