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Bankruptcy: What You Need to Know Before You File

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

Bankruptcy offers benefits, but it also carries significant consequences. The decisions you make when facing financial difficulty will affect your life for many years to come, so it is important to approach the issue of personal bankruptcy with care. More Than One Way Out does not provide “right” or “wrong” answers because the solutions to individuals’ financial problems will vary with their personal circumstances. It discusses the consequences of bankruptcy, introduces some possible alternatives, and helps you understand both the benefits and the risks of these alternatives.

For more information about the book, including a preview of the contents as well as purchasing information, click here.

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