Debt Consolidation may be better then bankruptcy
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Common Questions

Q:

How do debt management programs differ from bankruptcy?

A:

Most debt management programs are voluntary for all parties, you, the creditors and the sponsoring credit counseling organization. Over time, your credit rating has a good chance of improving as you pay down the debt. In bankruptcy, your payment plan is administered through a court-appointed Trustee who will have control of your finances. Also, when you file bankruptcy, you will have to make court appearances, go to creditor meetings, and meet with lawyers and possibly judges.

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