Published on: Fri, Aug 13, 2010 Classified as: Bankruptcy, Tips & Advice In this tough time of recession, many people have to face a number of economic hurdles. Many people get caught in a difficult situation when their homes and find it difficult to make a decision, whether to go bankrupt or opt for a loan modification. Yes, there is an option than just declaring yourself bankrupt. You can opt for a loan modification plan. Declaring bankruptcy will not only you tense you at the moment but it will always create a bad impression for you over long years. It will spoil your credit report. However, with these four reasons listed below we can analyze whether a homeowner should declare bankruptcy or opt for loan modification.
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