Bankruptcy or Debt Settlement?

On June 16, 2011, in Bankruptcy, Debt settlement, by Robbie L. Vaughn, Esq.

Debt Settlement vs. Bankruptcy

Debt Settlement Better Than Bankruptcy?

Rarely.

There are some situations which prohibit a person from filing bankruptcy and debt settlement is really their only option to get rid of their debt. Sometimes, the amount of debt or creditors are few and it just makes more sense for the individual to settle their debts rather than file bankruptcy. However, debt settlement  is rarely going to be better than filing a chapter 7 bankruptcy and obtaining a discharge of your debts. Therefore, it is important to obtain accurate information about bankruptcy and debt settlement. Both options should be thoroughly explored.

Bankruptcy Attorney in Mineola

The Law Firm of Vaughn, Weber & Prakope, PLLC,  proudly assists residents of Long Island (Nassau county, Suffolk county) and New York City (Queens, Brooklyn, Bronx, Staten Island, Manhattan) with their bankruptcy filings and debt negotiation/settlement.

Call (516) 858-2620 to arrange a FREE  consultation with a bankruptcy attorney!

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