The following infographic does a great job of explaining bankruptcy law and how sometimes it really is the best option. No one ever intends to go bankrupt, but as we all very well know, life happens and there are circumstances that appear in our lives that are beyond our control. The Rules of Thumb blog from MoneyThumb is not advising any of our readers to file bankruptcy. We just believe that since we want to keep you educated and informed about all things personal finance, this is a topic that needs to be discussed and everyone needs to understand bankruptcy law.
From Visually.
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