Isn’t bankruptcy a lot cheaper than the Shielded Circle Program?
A18. Filing for bankruptcy is less than $300. An attorney may charge from $500 up to a few thousand dollars depending on the complexity of your case; however, that is not the true cost of a bankruptcy. Add to that the added interest payments you will have to make on house and car payments, the possibility of not being able to rent a house or apartment due to filing “bk”, the potential loss of any professional license, security clearance, etc. Many employers will not hire someone who has filed “bk”. None of that will happen to you in the Shielded Circle.
