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Chapter 5. Coping with a Credit Crisis > Should You File for Bankruptcy?

Should You File for Bankruptcy?

In the fall of 2003, I asked MSN readers to share their bankruptcy stories—why they filed, how it has affected them, and whether they thought they made the right choice. I expected a few dozen replies.

I received more than 500 before my email box overloaded and stopped accepting new messages. I was stunned not only at the breadth of the response, but the depth. Most were long, detailed missives that recounted financial catastrophes, such as lost jobs and huge medical bills, personal tragedies including the death of a spouse or a child, and a wide variety of human miscalculations: trusting the wrong business partner, marrying a secret gambler, or simply spending way more than they earned.


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