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When Should You File for Bankruptcy?

Financial losses are common to everyone. Going through financially tough times can lead to drastic consequences. Federal government understands that without timely intervention and help in the form of bankruptcy, many people will continue spiraling down the financial mess. However, you have to decide what the last straw before filing for bankruptcy is. It is important to understand that with insurmountable debt, you will require more time to come out of the situation. The U.S. Bankruptcy Code was created to help those people who made an honest mistake and due to unfortunate circumstances have amassed a debt which [...]