Bankruptcy vs. Other Debt-Relief Options

Bankruptcy has helped millions get out of debt and was designed to eliminate debt and stop collections.

Use the following chart to examine your options, but remember that this chart is for informational purposes only and is not legal advice. Depending on your circumstances, one path may be better for you than another. There are no one-size fits-all debt relief programs.

Protect Against:

Foreclosure
Repossession
Lawsuits
Wage Garnishment
Eliminate or Reduce:
Accounts Referred to Collections
Credit Card Debt
Medical Bills
Utility Bills
Payday Loans
Tax Debt	*
Divorce-Related Debt	*
Student Loans	*
When Does the Relief Begin?	In most cases, you STOP paying bills immediately after case is filed. Collection efforts (creditor calls, foreclosure and repossession) are court-ordered to STOP	Typically have to make many monthly payments, including interest & late fees	Typically have to make many monthly payments, including interest & late fees
Can it Impact Your Credit?
* Discharged in bankruptcy under unique circumstances. Talk to a bankruptcy lawyer today about your options.

Talk to a Bankruptcy Lawyer About Your Options

Bankruptcy was designed to eliminate debt and stop collection efforts.

Ask a bankruptcy lawyer whether filing bankruptcy can help you.

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