From ThePennyHoarder.com….
I. Declare. Bankruptcyyyyyy!”
As Michael Scott learned in “The Office,” getting rid of debt isn’t as simple as that announcement. Wouldn’t that be nice?
Many people think of filing bankruptcy as an easy way out. But these people have never filed bankruptcy.
In reality, bankruptcy is a drastic measure for shoring up your finances and getting your debt under control when you’ve exhausted all other options. And it comes with consequences — mainly a serious hit to your credit.
