This article focuses on how foreclosing is not necessarily the end for homeowners. Just make sure to hire a legal assistant dealing with foreclosure. Filing for Bankruptcy is not the end of the world.
http://www.nytimes.com/2010/10/30/business/30nocera.html?pagewanted=all
I wonder if this is another system that is accessible to a limited percentage of people who went bankrupt. There are quite a few agencies that are willing to assist but there are just too many people who are in the gutter..
ReplyDeleteFiling for bankruptcy is not the end of the world but it sure is pretty close. When one files for bankruptcy he/she may experience fear, anger or depression which is psychologically not good. On the other hand, bankruptcy can get rid of debt even though over time it needs to be paid back.
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