this post was submitted on 10 Jan 2025
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chapotraphouse

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[–] Sphere@hexbear.net 10 points 1 day ago* (last edited 1 day ago)

It would, but bankruptcy is quite a process (thanks, Brandon).

Also, your credit is wrecked for 7-10 years after a bankruptcy.

Source: close relatives went through bankruptcy, and I had to shepherd them through parts of it, particularly the initial gathering of documentation