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. Any debts not discharged, like student loans, remain.
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