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Debt Consolidation vs Bankruptcy: Which is Better?

Sawin & Shea

If you are uncertain about your options, speaking with a financial advisor or an experienced bankruptcy attorney can help. Understanding Debt Consolidation Debt consolidation is the process of taking out a brand-new loan and using the money to pay off other loans or debts. How Does Debt Consolidation Work?

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Managing Bankruptcy and Medical Debt Relief in Broomfield, CO

Debt Free Colorado

Chapter 7 Bankruptcy In Chapter 7 bankruptcy , eligible unsecured debts, including medical bills, may be discharged. That means the debtor is no longer legally obligated to repay these debts. Medical bills are typically considered unsecured debts. That includes medical bills.

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Credit Card Debt Forgiveness: What You Need to Know

Credit Corp

While it can provide relief from overwhelming debt, it may have significant consequences, including damage to your credit score, tax implications, and potential legal actions from creditors. trillion in credit card debt. File for Bankruptcy Bankruptcy is a legal process that allows you to eliminate some or all of your debts.