Bankruptcy Facts

Rarely anyone's first choice when trying to cope with overwhelming debt, the decision to file bankruptcy should be made only when fully aware of the facts:

• Court costs and attorney's fees are expensive and non-dischargeable
• Property can be lost if assets exceed state and federal exemption guidelines
• If you spend more than you make, bankruptcy won't help
• Only unsecured debts are dischargeable
• The bankruptcy notation remains on your credit report for tenyears, impacting your ability to rent an apartment, buy a home or car, and even get a job

Bankruptcy is serious - make sure you explore all of your options before filing.

Your credit union wants to help you master your money. We've partnered with BALANCE, a financial education and counseling service that can help you get your finances in order, pay down your debt, and reach your goals – all at no charge to you. Call 888-456-2227 or log on to www.balancepro.net for more information.