Thomas M. Denaro, Esq.

There is often a stigma attached to bankruptcy. People worry that it will damage their credit and keep them from getting a mortgage or applying for any other loans for the rest of their lives. Bankruptcy, however, is not part of the problem; it is part of the solution. Any damage your credit suffered is from before bankruptcy, not as a result of the bankruptcy. Filing for bankruptcy could allow you to erase much of your debt without tax ramifications.