As this Q & A article states, a job loss is an unfortunate event that can send you into a financial tailspin. As a debt settlement attorney, I hear from people all the time that are in this precarious situation. In this article, a consumer is trying to weigh to pros and cons of loan modification vs. bankruptcy.
As the financial planner in this article advises, filing for bankruptcy is a very serious matter that can have financial implications for years to come. If you don’t qualify for bankruptcy or are looking for ways to avoid bankruptcy, consult with a debt settlement attorney in your area. Debt settlement can allow you to negotiate for a significant reduction in your debt without bankruptcy or court scrutiny.