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Debt Consolidation vs Bankruptcy: Which is Better?

Sawin & Shea

Being overwhelmed by debt is a stressful situation that can make it challenging to decide on the best path forward. Two of the most common options for dealing with unmanageable debt are filing for bankruptcy and pursuing debt consolidation. However, it’s important to remember that this does not eliminate debt.

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Is It Better To Declare Bankruptcy or Debt Consolidation?

Sawin & Shea

When you are overwhelmed by debt, you may start to wonder if declaring bankruptcy or pursuing debt consolidation is the better option. Understanding the key aspects of each can help you determine what is better, bankruptcy or debt consolidation, for your situation.

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What Is the Difference Between Chapter 7, 11, and 13 Bankruptcies?

Credit Corp

If you decide to file for bankruptcy, you must next decide which type of bankruptcy is right for you. Most individuals have three options, and understanding Chapter 11 vs. Chapter 13 vs. Chapter 7 is important in making the right decision. What Is Chapter 11 Bankruptcy?

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Bankruptcy Chapter 7 vs 13: Which Is The Best Option?

Debt Free Colorado

Choosing Between Chapter 7 and 13. Are you considering bankruptcy? Whether it’s Chapter 7 or 13, you have options. Bankruptcy is a challenging, life-altering experience. . Chapters 7 and 13 of the Bankruptcy Code – Awareness. Chapter 7 (Liquidation).

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Credit Card Debt Forgiveness: What You Need to Know

Credit Corp

Debt relief may not be the best approach if you want to preserve your credit scores , but if you’re already behind on your credit cards, there’s no additional penalty for signing up. File for Bankruptcy Bankruptcy is a legal process that allows you to eliminate some or all of your debts.