Is Bankruptcy a better alternative to Debt Settlement?
Possibly, depending on your circumstances. However in most cases it is not because bankruptcy has a long term negative impact on your credit worthiness and can be a demoralizing process. In addition, the new bankruptcy laws make it almost impossible to put credit card debt into a bankruptcy filing. Bankruptcy is a huge step with implications that will last for many years, so check it out with caution. We do not give legal advice so if you are considering bankruptcy you should see a bankruptcy attorney.
