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The Bottom Line on Bankruptcy

The bottom line on bankruptcy is that it serves as a legal process designed to help individuals or businesses who cannot meet their financial obligations gain relief from debts. Here are the key points to consider:

1. Purpose: Bankruptcy aims to provide a fresh start for debtors by either discharging some or all of their debts or creating a manageable repayment plan.

2. Types of Bankruptcy:

3. Impacts:

4. Alternatives: Before filing for bankruptcy, debtors may explore alternatives such as debt consolidation, negotiation with creditors, or credit counseling.

5. Legal Process: Filing for bankruptcy requires going through a legal process, including documentation of finances and attending court hearings. It's often advisable to work with a qualified bankruptcy attorney.

6. Post-Bankruptcy: After bankruptcy, individuals must take steps to rebuild their credit and financial health, such as budgeting, saving, and responsible credit use.



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Important Numbers

Member Services: 800.633.2848 (available 24/7)

Credit & Debit Card Member Services: 800.633.2848 ext 4856 (available 24/7)

Credit Card Lost or Stolen: 866.839.3485
For International Calls: 727.570.4881

Debit Card Lost or Stolen: 800.754.4128
For International Calls: 727.227.9012

Credit Card Activation: 800.456.6870

Debit Card Activation: 855.485.7043

Members traveling or who reside outside of the US: 727.227.2447

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