I found this article on Yahoo from Business Insider by Libby Kane titled "What one woman learned from declaring bankruptcy after taking on $20,000 of debt".
I believe it is a real and fair accounting of the pros and cons of the bankruptcy process.
A couple of good quotes:
"I was raised in a family where you borrow money, you pay your debts, and that's the way it is," she says. "I had this moment of, 'You know, it's not going to be the end of the world if I do this, and I'll never do this again.' I felt like I didn't have any other choice. It was a long decision coming, but when I finally did decide to file, it was a relief."
"It's a scary situation when you're in it and going through it, but in the end, it's not as bad as you build it up in your mind to be," Flowers reflects. "The process was more straightforward and wasn't as scary as I thought it would be."
Click here for the full article.
I believe it is a real and fair accounting of the pros and cons of the bankruptcy process.
A couple of good quotes:
"I was raised in a family where you borrow money, you pay your debts, and that's the way it is," she says. "I had this moment of, 'You know, it's not going to be the end of the world if I do this, and I'll never do this again.' I felt like I didn't have any other choice. It was a long decision coming, but when I finally did decide to file, it was a relief."
"It's a scary situation when you're in it and going through it, but in the end, it's not as bad as you build it up in your mind to be," Flowers reflects. "The process was more straightforward and wasn't as scary as I thought it would be."
Click here for the full article.
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