Chapter 7 bankruptcy might be a good fit for people struggling with large amounts of credit card debt or medical bills, who have little income and don't own their home. (totalbankruptcy.com)
First is that in some cases the creditors will arrange a short payment plan, especially with larger amounts of credit card debt. (fastdebtsettlements.com)
If you've had loans or large amounts of credit extended to you in the past, it looks good on your credit report. (mybanktracker.com)