What is the Downside of Filing Chapter 7?

lawyer talking about the downside of filing a chapter 7 bankruptcy

The downside of filing Chapter 7 bankruptcy is basically two things – potentially losing non-exempt assets and up to a 10-year negative mark on your credit report. However, obtaining future financial stability by rebuilding your credit and addressing debts directly is terrific, not to mention the peace of mind you can feel without the stress […]