How bankruptcy can give debtors a second chance

Quick Summary:

But bankruptcy may be a prudent option to eliminate burdensome debt, save a home from foreclosure and end collection calls.

Assistant principal James Trewartha Jr.said the decision to file for Chapter 13 bankruptcy was “such a relief”.

Many people avoid filing for bankruptcy out of shame and embarrassment around their financial circumstances, because they receive poor advice or because they’re too proud.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Stories Subscriber-only Bankruptcy Debt 99/month Unlimited Months First Access Advice Account

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 05:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 193 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23747759

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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