Sep 8, 2020
For those of us who are struggling to pay off debt, the idea of having those outstanding balances forgiven and simply starting over sounds pretty good. But if you’re thinking about filing for bankruptcy to eliminate your debt, it’s important to know that it’s not that simple.
Howard Dvorkin is the Founder of Consolidated Credit and Chairman of Debt.com, an educational platform and news site covering consumer debt. He has 27 years of experience in financial services and is one of the most highly regarded debt and credit experts in the US. Howard is also the author of two personal finance books, Power Up: Taking Charge of Your Financial Destiny and Credit Hell: How to Dig Out of Debt.
On this episode of Queer Money, Howard joins us to discuss the pros and cons of filing for bankruptcy, describing the two different kinds of bankruptcy and explaining why filing should be a last resort. He addresses the misconception that bankruptcy lets you off the hook, sharing the many adverse consequences of having a court filing on your record. Listen in to understand the variety of options available for getting out of debt and find out how Howard’s team of certified credit counselors can help you achieve a debt-free life!