How is debt settlement different from bankruptcy?
That’s a great question and a common one too! Debt settlement (unlike bankruptcy) is a private negotiation with our legal team and your creditors. Bankruptcy is a public filing that is accessible to everyone including potential employers, current creditors, future creditors etc. Bankruptcy can stay on your credit report for the next 7-10 years! As you can already tell, the difference between Debt Settlement is massive and largely revolves around the preservation of your name and reputation.
Bankruptcy is an absolutely legitimate option for some people, but for many – it may not even be necessary. We can help with both. The best thing to do is: talk to an expert. We’re here to help.