Should I file bankruptcy for $12K debt?
Bankruptcy isn’t a cure-all. You should avoid it if you can’t afford these consequences.
Mia Taylor is a contributor to Bankrate and an award-winning journalist who has two decades of experience. She has worked as a staff reporter or contributor for some of the nation's leading newspapers and websites including The Atlanta Journal-Constitution, the San Diego Union-Tribune, TheStreet, MSN and Credit.com.
Bankruptcy isn’t a cure-all. You should avoid it if you can’t afford these consequences.
Bankruptcy will cloud your credit, but with time and discipline, you can recover.
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