What are the downsides to declaring bankruptcy?

 

What are the downsides to declaring bankruptcy?
Profile photo for Min Austria
Min Austria
Assistant at Ascent Law LLC

It is a fact that not all public companies will survive, and many will have to declare bankruptcy. However, there are also many advantages to declaring bankruptcy.

Many people have lost their homes, jobs and relationships because of bankruptcy. It is a very stressful time for most people involved, but it's also a great opportunity to learn about values, boundaries and what we really need in life.

On a more serious note: I'm going to be doing everything possible to avoid filing for personal bankruptcy, but if I do end up having to file I want to be prepared. Hopefully these posts will help me to keep things in perspective and make my life better."

If you need a Bankruptcy Lawyer, please call this law firm for a free consultation.

Ascent Law LLC

8833 S Redwood Road Suite C

West Jordan UT 84088

(801) 676-5506

Utah Lawyer for Divorce Business Bankruptcy Probate Estates
Ascent Law helps you in divorce, bankruptcy, probate, business or criminal cases in Utah, call 801-676-5506 for a free consultation today. We want to help you.
https://www.ascentlawfirm.com

Location: Salt Lake City, UT, USA

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