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Ten Steps To Consider In The Event Of A Financial Crunch Or Crisis

Step 10. If nothing else works, consider starting a bankruptcy proceeding.

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The concept of starting over through a bankruptcy proceeding is such a part of our culture that our founding fathers built it into the constitution.

A bankruptcy will stay on your credit record for 7 -- 10 years, depending on the type of bankruptcy you file.

See Bankruptcy to learn about the different types of bankruptcy and whether bankruptcy might be the right choice for you

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