送交者: Enlighten 于 2005-5-12, 10:17:08:
回答: Yes, if I can file bankcrupcy and 由 fengcu2000 于 2005-5-12, 09:46:16:
Foreclosure is just your house loan gone bad. Bankruptcy is all loans of yours gone bad.
Local vs. Global.
Of course, foreclosure affects your credit rating. So you have to weigh the cost/benefit. But if the amount is too large, say you owe 900k on a 700k house, which means if you don't foreclose, you lose 200k, then most people would get out. It is the rational thing to do.