If I’m Going Bankrupt Anyway, Should I Max Out All My Cards?
Posted on August 2, 2008
Filed Under Bankruptcy | Leave a Comment
If you’re considering going bankrupt, should you have one last bit of fun and go wild with your credit cards? No! This is a temptation many are faced with because they know it’ll be a while before they are able to have credit again.
Bankruptcy is a serious thing and is not something to be taken lightly.
If you file bankruptcy, you’ll have to go through a process that reviews your specific financial situation. Spending money carelessly just before applying for bankruptcy could result in criminal fraud charges against you.
It might not be too late to save yourself from bankruptcy. Have you considered consolidation? What about credit counseling? There may be a way to take the financial stress off you without resorting to bankruptcy. Exhaust all your options before making this big decision and be careful about your actions.
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