Law Offices of Charles A. Maglieri
Bloomfield 860-952-3674
Brooklyn 860-541-5407

chapter 7 Archives

What are the advantages and disadvantages of bankruptcy?

Reaching the decision to declare bankruptcy usually isn’t easy. Many people still have a negative perception of bankruptcy, even though it can sometimes be the best way to start a clean slate financially. Even so, bankruptcy has far-reaching implications for your credit score, your debt and your current and future financial stability. It can have negative consequences, but it also has strong benefits.