What is the downside of filing for bankruptcy?
A. The bankruptcy will appear on your credit reports, so you may find it difficult to obtain credit in the future, particularly unsecured credit. In addition, you run into trouble renting apartments or houses, if the landlord checks your credit. Some jobs may be difficult to get as well, if the company has a credit and background check policy. Be sure to discuss these points with your attorney before deciding if bankruptcy is right for you.
