Bankruptcy Vs. Debt Settlement?

Discussion in 'Growing and Managing a Business' started by MitchVicknair, Mar 14, 2014.

  1. MitchVicknair

    MitchVicknair
    uix_expand uix_collapse
    New Member

    Joined:
    Jan 22, 2014
    Messages:
    11
    Likes Received:
    0
    Which one is better and less stressful? Bankruptcy or Debt settlement? what about debt consolidation? what are the difference between all those?
     
  2. lomey

    lomey
    uix_expand uix_collapse
    Member

    Joined:
    Jan 10, 2014
    Messages:
    64
    Likes Received:
    3
    bankruptcy is a state where you don't pay at all. debt settlement is where you pay lesser amount then liable for. Debt consolidation means you have more then 1 point of repay loans, what you do is bring all your loans to a single point and pat there.
     

Share This Page