Heard Us On The Radio?

If you're struggling with credit card debt, medical bills or both, Chapter 7 bankruptcy protection may be the solution for you. Get the details here.

Bankruptcy Central Radio Spot

Alternatives to Bankruptcy

Most people looking for relief from their debts turn to bankruptcy only as a last resort. While it's important to understand the alternatives to bankruptcy, most people find that only bankruptcy offers the strong, court-ordered protections that helps them find true financial freedom.

Common alternatives to bankruptcy include:

However, many people find that these methods do not offer the full protection from aggressive creditors that bankruptcy does. Bankruptcy is a federal debt-relief program that completely halts all lawsuits and collection actions.

This chart shows just a few of the benefits that bankruptcy has over two common debt-relief tools, debt settlement and credit counseling.
Protect Against:
Home Foreclosure
Yes
No
No
Car Repossession
Yes
No
No
Debt Lawsuits
Yes
No
No
Wage Garnishment
Yes
No
No
Eliminate or Reduce:
Accounts in Collection
Yes
Maybe
No
Credit Card Debt
Yes
Yes
Yes
Medical Bills
Yes
Yes
Yes
Utility Bills
Yes
Yes
No
Payday Loans
Yes
Yes
No
Tax Debt
Maybe*
No
No
Divorce-Related Debt
Maybe*
No
No
Student Loans
Maybe*
No
No
Debt Relief Begins In most cases, you STOP paying bills immediately after case is filed. Collection efforts (creditor calls, foreclosure and repossession) are court-ordered to STOP Typically have to make many monthly payments, including interest & late fees Typically have to make many monthly payments, including interest & late fees
Can it Impact Your Credit?
Yes
Yes
Yes
* Discharged in bankruptcy under unique circumstances.
Talk to a bankruptcy lawyer today about your options.

You can discuss your debt-relief options with an attorney and see if bankruptcy is the right solution for you. If you need to get in touch with a bankruptcy lawyer near you, let Bankruptcy Central help you.

Fill out our free bankruptcy case evaluation form or call 866-288-7281 and we’ll connect you with a local bankruptcy lawyer today.


PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Bankruptcy Central is not a law firm. Bankruptcy Central does not endorse or recommend any lawyer or law firm who participates in the network. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Bankruptcy Central may not be protected by attorney-client privilege. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 510, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here.

If you live in Florida, Mississippi, Missouri, New York or Wyoming, please click here for additional information.

By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.