Should I file bankruptcy for $12K debt?
Bankruptcy isn’t a cure-all. You should avoid it if you can’t afford these consequences.
6 min read
Nov 15, 2024
Michelle Clardie
EXPERTISE
- Debt management
- Investment
- Credit repair
Michelle Clardie is a seasoned investor who’s been writing professionally about saving and investing since 2017. She used the investment advice she covered to quit her day job in property tax consulting and move abroad, writing her way from one country to the next.
With a Master's in Business Management and Strategy from WGU, Michelle specializes in making complex personal finance topics easy to understand. You may have seen Michelle’s work on:
- Websites for notable financial institutions like PNC Bank and Omaha Mutual,
- Informational websites like coverage.com, interest.com, and mortgage.com,
- And financial blogs like Get Rich Slowly and Wallet Hacks.
Michelle's latest articles
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Can I defer Chapter 13 bankruptcy payments?
With a smaller paycheck, it may be necessary to alter how much you can pay back in bankruptcy.
6 min read Nov 15, 2024 -
How a car loan settlement affects your credit
Settling your car loan debt can end high payments, but your credit score will drop.
6 min read Nov 07, 2024 -
What assets can creditors take away in a bankruptcy?
When filing Chapter 7, you must disclose all assets, but it doesn’t mean you can’t keep some.
5 min read Oct 23, 2024 -
How to protect yourself from debt relief and credit scams
If you are considering working with a debt relief company, make sure to watch out for debt relief and credit scams.
8 min read Oct 22, 2024 -
How to consolidate debt without hurting your credit
Learn how to minimize negative changes to your credit score when consolidating debt.
6 min read Sep 05, 2024 -
Can closed accounts be removed from your credit report?
Closed accounts listed on your credit report are removed after a set amount of time – depending on the status.
6 min read Aug 29, 2024 -
Best debt relief options for credit card debt
Need credit card debt relief? Consider debt consolidation, debt management, debt settlement, or bankruptcy.
5 min read Aug 21, 2024