When you’re swimming in bills, it can seem like there’s no way to get debt relief. But there are alternatives to bankruptcy, even if your situation seems hopeless.
The benefit of filing for bankruptcy is that the process is well-established. There are specific papers to fill out and sign, certain procedures to follow in court, it’s easier to predict.
If you opt for alternative debt relief, you may have to blaze your own trail.
But the benefit is that you don’t have to deal with the downsides of bankruptcy, which are also mandated. So we have some suggestions of routes you can take that might help you deal with your debt without ruining your credit score.