Debt Consolidation Information

Before filing bankruptcy, each person should carefully weigh their options under the Code, as compared to nonbankruptcy options for alternative debt relief. Bankruptcy creates a extensive record of filing that will remain active for 10 years, and continue in perpetuity. Many other options have less adverse impact, and in the event debts or assets or minimal, may be a better choice. For unemployed persons,. Chapter 7 bankruptcy may be the best choice, while Chapter 13 may be the only option available for may individuals who continue employment.