This is When Filing Bankruptcy is Your Best Option

Bankruptcy isn’t the last resort most people think. In fact, answering the question, Should I file bankruptcy comes down to a couple of simple questions. Partnership with Upsolve https://peerfinance101.com/upsolve

Millions of Americans have filed bankruptcy for a fresh start on their financial lives. There are a lot of misconceptions and misunderstandings with filing bankruptcy though so I wanted to make a step-by-step bankruptcy guide to answer all your questions.

Once you’ve decided, see how much you can save on the cost of bankruptcy by using the Upsolve App. It’s a free bankruptcy app to help you file without a lawyer.

We’ll start with the basics like, What is Bankruptcy and what happens when you file. We’ll look at the different types of bankruptcy, chapter 7 and chapter 13, as well as the pros and cons of bankruptcy.

I’ll show you three bankruptcy alternatives and then reveal three scenarios for deciding if you should file bankruptcy. It’s everything you need to know in an quick video.

Don’t let the cost of filing bankruptcy stand in your way of a fresh start. Know how personal bankruptcy can help you get out from under your debts.

2:00 What is Bankruptcy?
2:37 What is Chapter 7 Bankruptcy?
3:11 What is Chapter 13 Bankruptcy?
3:36 Pros of Filing Bankruptcy
4:02 Cons of Filing Bankruptcy
4:44 Alternatives to Filing Bankruptcy
6:55 Scenarios When Bankruptcy is Your Best Option

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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Видео This is When Filing Bankruptcy is Your Best Option канала Let's Talk Money! with Joseph Hogue, CFA