Anyone struggling to eliminate debt has likely wondered about debt management programs versus bankruptcy, and which option would make the most financial sense.
Everyone's individual circumstances are different, but there are a few basics that might be useful to the decision-making process.
Unlike bankruptcy protections, debt management programs aren't structured by federal law, so each program may take a slightly different approach.
Common debt management programs include:
The bankruptcy option varies from debt management in a number of ways.
If you'd like a professional opinion on whether a debt management program or a bankruptcy filing would work best for you, take advantage of this opportunity to connect with a bankruptcy lawyer in your area for a free consultation.