No! The two are very different. Bankruptcy has a much broader and more significant impact on your credit than credit card debt settlement does. An example of a consumer that would find bankruptcy a suitable option would be someone that has no income or is looking to get debt relief from specific secured debts such as mortgages and car loans. Chapter 7 bankruptcy is a process where the court orders the liquidation of all of the debtor's non exempt property and a trustee pays the creditors down with the proceeds of the liquidation sale. In the case of a Chapter 13 bankruptcy, the court orders the debtor to turn over all of his disposable income for a period of 5 years. There are many options as to how to handle your specific situation, call us to discuss the best options for you and your family, helping people like you is what we do best.
See also: debt settlement, debt settlement company, debt settlement companies, credit card debt settlement, credit card debt help
|
Software Crown
