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r e d f c u.o r g
Need a "get out of debt" plan or just
need someone to read over your credit
report with you? Redstone Federal
Credit Union's accredited financial
counselors can help.
Do not email any account or personal identification information.
I'm thinking about ling for chapter 7 bankruptcy. What
should I consider before making that step?
Bankruptcy is a serious financial decision. You should consider it
carefully. Here are some things to think about before moving ahead:
• Filing bankruptcy can be expensive. Court costs and
attorney's fees add up and are non-dischargeable.
• You may lose property. If your assets are worth more than state
and federal exemption guidelines, they can be liquidated and the
proceeds divided up among your creditors. ‡is can include your
home, car, heirlooms and jewelry.
• It doesn't solve spending problems. Bankruptcy fixes the
issue, not the cause. It won't be much use if you spend more than
you earn.
• It will damage your credit. A bankruptcy filing will remain on
your credit report for 10 years. In addition, it will likely cost you
more to get credit for a long while after that.
YOU ASK – WE ANSWER!
Money Repair
Call Redstone at 256-722-3796 to schedule an appointment with an
accredited nancial counselor or send your financial questions
to aspire@redfcu.org.
