Alternatives to Bankruptcy: A Second Mortgage or Retirement Funds

Wasting retirement funding or putting a home at risk in order to avoid bankruptcy is an all too common occurrence and something you want to avoid at all costs. If you are having major financial problems, it is important to know that you have other viable options.   With an Oneonta bankruptcy lawyer, all of your retirement funds can be protected. Using retirement funds to pay off creditors will result in a significant tax penalty. In addition, you could ultimately owe taxes that cannot be discharged in a bankruptcy.   Obviously, retirement funds are just that, monies set aside for...

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