Declaring bankruptcy is a decision that affects not only your finances but also your credit score. While your score may decrease after financial hardship, there are practical and real ways to improve it and get back on a better financial path.
Like most big, bad scary things, bankruptcy has a reputation based on a few tidbits of truth and a lot of embellishment. And like most creepy crawlies, it's not nearly as frightening once you know the truth.
If your debts have started spiraling out of control, you may have thought about whether to file for bankruptcy. Massive debt can be crippling, but filing for bankruptcy can also be life altering. Here's a quick guide to help you decide.