{"id":2914,"date":"2019-01-31T09:00:09","date_gmt":"2019-01-31T09:00:09","guid":{"rendered":"https:\/\/www.karinalucidlaw.com\/?p=2914"},"modified":"2021-04-15T09:14:00","modified_gmt":"2021-04-15T09:14:00","slug":"how-long-can-i-delay-my-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.karinalucidlaw.com\/how-long-can-i-delay-my-bankruptcy\/","title":{"rendered":"How Long Can I Delay My Bankruptcy?"},"content":{"rendered":"

Bankruptcy might just be the best available option if you happen to find yourself deep in debt and unable to settle your financial obligations. However, you must be aware that bankruptcy filing does have undesirable consequences which can affect your life. On the other hand, filing for bankruptcy is actually good for you to obtain discharge of debts and this may give you some sort of relief from issues you may come across when in the red.<\/span>The discharge is an irreversible order from the bankruptcy court that relieves you of your debt. Another favorable end result is that declaring bankruptcy prohibits your creditors from attempting to make you pay instantaneously. However, be mindful of undesirable consequences like loss of property and an adverse effect on your credit score.<\/span>
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\n<\/span>While the suggestion of declaring bankruptcy seem unpleasant albeit more sensible for lack of better alternatives, it is wise to bear in mind that, in particular scenarios, postponing your bankruptcy can be expensive in the long run.<\/span><\/p>\n

What happens when you postpone bankruptcy filing?\u00a0<\/span><\/i><\/h2>\n