If you’re overwhelmed by debt, bankruptcy can seem like the only way out. But that relief comes with lasting consequences. It’s a major legal step that can remain on your credit report for up to seven years with Chapter 13, or up to 10 years with Chapter 7.
Before you decide to file, it’s worth exploring other paths. Here are four alternatives to consider.
4 alternatives to bankruptcy
Struggling to pay off debt? Consider enlisting the help of a debt relief company
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According to National Debt Relief, clients who complete its debt settlement plan can reduce their enrolled debt by an…