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    zya32000's Avatar
    zya32000 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 18, 2007, 08:18 AM
    Foreclosure vs. Bankruptcy
    Foreclosure vs. Bankruptcy. Which is worse? We are not trying to keep our home and are divorced.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Sep 18, 2007, 08:20 AM
    With bankruptcy you can protect some assets. Foreclosure doesn't cost attorney fees.
    Otherwise it's a coin flip.
    Emland's Avatar
    Emland Posts: 2,468, Reputation: 496
    Ultra Member
    		  
    #3

    Sep 18, 2007, 08:25 AM
    There are companies out there that purchase homes in distress before they go into foreclosure which may help you avoid bankruptcy. Neither are good for you - they can damage your credit for years.
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