Filing for bankruptcy can inspire shame and discomfort, but it’s really just a legal, and sometimes necessary, debt-relief tool to help people get back on firmer financial footing.
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While nobody sets out to file for bankruptcy, if the alternative is being unable to get out from under a mountain of debt that keeps piling up, or other legal repercussions, it might be the better option.
Experts explained some key signs that consumers would benefit from filing for bankruptcy when it’s used as a debt-relief tool.
If the collections calls or…
