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Is It Better To Declare Bankruptcy or Debt Consolidation?

Sawin & Shea

JANUARY 24, 2024

At the end of the plan, any unpaid balances on the qualifying debts are discharged. The Pros Bankruptcy can stop foreclosures , repossessions, lawsuits, wage garnishment, utility shut-offs, and debt collection activities through its automatic stay provision. It simplifies finances with just one payment versus many debts.

Debt Consolidation 52
Debt Consolidation Bankruptcy Chapter 13 bankruptcy Collateral 52
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Does Chapter 13 Wipe All of Your Credit?

Sawin & Shea

APRIL 17, 2024

While different from Chapter 11, Chapter 13 is similar in the sense that it involves reorganizing and consolidating debts. This filing method is referred to as “the wage earner’s plan” because filers repay some of their debt balances with their regular income.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52
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