When the holidays approach, you want to spend and buy things for the people you love. Unfortunately, if you're struggling with debt, that feels like the last thing you can do.
While many people think that bankruptcy is something to avoid at all costs, the truth is that it can be a good idea for people in certain situations. There are many things to consider before you opt to enter into bankruptcy, but if you find that you cannot get out of debt and want to get a second chance to start over, it could be the right choice for you.
Bankruptcy is a way for individuals to find their way back to a positive financial footing. Though bankruptcy filings have grown over the years, many people still have strong misconceptions about the process and its effects.