Bankruptcy is a federal legal process designed to help consumers reduce or eliminate their debt. If you are undecided as to whether bankruptcy is the right option for you, learn more on our blog.
After struggling to make minimum payments and watching interest accumulate at a rate much higher than you can pay, you may be looking for an easier way to manage your debt.
As with any debt relief option, both debt consolidation and bankruptcy carry pros and cons, and may not be the best fit for every financial situation. Here are the key differences between the two options.