Whats better a DMP or a Bankruptcy

Sazzie23

I just wanted to weigh in here, whilst financially bankruptcy may be or may have been the best option, certain employments can be affected negatively by bankruptcy.

I am what they call an allied health professional, and bankruptcy would prevent me from taking some senior roles within my profession. I also looked into a professional role on a committee and found that even being on the DMP would prevent me from taking up office, if they eve,r found out, but I wouldn't be able to live with the risk that they might.

I understand some financial professions have similar issue, so always check before you make a move to bankruptcy.

B0B

Hopefully they defaulted you 4 years ago, otherwise you still have a long dark road ahead.

Quassi75

Still have another 3 long years of darkness ahead of me unfortunately, as still on my DMP until 2018..


But hopefully the light of the tunnel will come at some point..

PasturesNew

No matter what you think and what others say, bankruptcy's for life but a DMP's just for Xmas (usually Xmas 2020).... once you've paid everything off that's it. With a bankruptcy, there's always some future instance/form/application that asks and you get a knock back because you said YES.