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Filing
for bankruptcy should only be a last resort. The benefits of
declaring bankruptcy include ending creditor harassment and discharge of
certain debts. The drawbacks include a black mark on your credit
report for up to 10 years, loss of anything but a secured credit card
and much higher interest rates for loans you may need. You also need to decide which type of bankruptcy
would best resolve your situation, Chapter
7 or Chapter
13. Here
are some online resources to help you make your decision:
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