Bankruptcy is never an easy decision to make, but may be some people’s only option for getting out of debt. Bankruptcy can mean a fresh start and more manageable payments on existing debt.
While there are potential problems when it comes to your future credit score, the ability to pay off your debt and saving your money may be worth it. Truck drivers have some choices and options when it comes to filing bankruptcy.
There may be negotiations and payment relief that would be better and cheaper options in the long run. However, if Bankruptcy is the right choice for you it’s important to understand what to file and what different types of trucker bankruptcy mean for you and your trucking career.