Bankruptcy gives people a second chance, protects them from being sued,
discharges the debt quickly and is the least expensive solution.
Not exact matches
Because unsecured
debts generally are
discharged, your
debt - to - income ratio improves
quickly.
What other solution provides you with legal protection from creditors, can eliminate your
debt quickly, stops or prevents lawsuits, and does not result in any tax liability from
discharged debts.
Time will work in your favor as long as you
discharge your
debts as
quickly as possible and on time.
Instead, it might make sense to just approach the
debt and
discharge it
quickly to spare your relationship.
Chapter 7 cases typically move relatively
quickly, with most filers receiving a complete
debt discharge within 6 months.