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What bankruptcy alternatives exist?

Alternatives Bankruptcy exist
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What bankruptcy alternatives exist?

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KEVIN Feigin

If you are facing problem with debt, then bankruptcy might be a good option. But before you file for Chapter 7 or Chapter 13 bankruptcy, explore alternatives to bankruptcy. In some situations, a non-bankruptcy course of action may be your best remedy. You can take advice from an expert bankruptcy attorney. If you have some money then you can negotiate with creditors or contact credit counseling agency.

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There are alternatives to bankruptcy, including an informal agreement or IVA, or an administration order.

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