|
| Bankruptcy |
| • |
Is a court proceeding and a matter of public record. |
| |
| • |
Can be time consuming, costly
& subject to many uncertainties. |
| • |
Has a very negative effect on your credit for a very long
time. |
| • |
May require you to sell certain
of your assets.
|
| • |
May require up to five years before you are discharged
from the jurisdiction of the
Court. |
| • |
Usually requires an attorney. |
|
|
| Debt Settlement |
| • |
Is a private negotiation that is not a matter of public record. |
| |
| • |
Is affordable, timely to
conclude and generally
predictable.
|
| • |
Reduces your unsecured debt, allowing your credit to improve. |
| • |
No requirement for you to sell any asset.
|
| • |
The length of the effort, while
not guaranteed, frequently
is less than 24 months. |
| • |
You can do it yourself. |
|
