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Avoiding Bankruptcy

Authored By: AARP (American Association of Retired Persons)

Have your finances reached the point at which bankruptcy feels like the only way out? Filing for bankruptcy can take a heavy emotional and financial toll, so it is worthwhile to first explore ways to avoid the necessity of taking this action. Depending on your own circumstances, there may be ways to avoid bankruptcy, even if your current outlook is bleak. The sooner you address a financial setback, the better able you will be to cope with it. (NOTE! this article is from 2008 but many of the principles still apply.)

Link to Information about how to avoid Bankruptcy: www.aarp.org

Last Review and Update: Feb 23, 2017