Is Debt Settlement/Consolidation/Negotiation an Alternative to Bankruptcy?
There are many types of business that promise to consolidate your debts. These businesses claim that you will pay pennies on the dollar to settle your debts. While some of the businesses that provide these services are reputable, others are not. In far too many cases, people pay large fees to “credit counseling” firms, but eventually file for bankruptcy in the end because they do not get the debt relief they were promised. Only bankruptcy offers you full protection from your creditors.
