Consumer: Bankruptcy Alternatives

A Countless number of people are turning towards filing for bankruptcy because they feel they have no other alternatives to getting out of debt and simply see no end to their financial woes.
While bankruptcy might be on the rise, there are many people who do not know that there are alternatives to bankruptcy.

More and more Americans are faced with the prospects of unpaid bills at the end of the month. Countless families have to decide whether they are going to put food on their table, pay their mortgage, or face that ridiculous utility bill at the end of the month.

Using an experienced debt analyst to help get you out of financial hardship is an alternative to bankruptcy, and one that is much more beneficial to your long-term financial future. Why ruin your credit score for several years, or your ability to get loans, when you have bankruptcy alternatives that can start giving you relief the moment you pick up the phone or send out that first e-mail.

Consumer Bankruptcy Alternatives

Not only can you avoid bankruptcy, but an experienced debt analyst can also help you track your monthly expenses in a much more organized fashion. For most people the financial burden is not the only problem, it is also the fact that they feel overwhelmed with how much they owe and how many creditors demand money from them on a monthly basis.

Filing bankruptcy can cause a lot of damage to your credit and for a long period of time. A Chapter 7 bankruptcy remains on your credit report for 10 years from the date of filing and a Chapter 13 bankruptcy remains on your report for seven years from the date of filing and it does require you to repay a portion of your debt.  Creditors may view you as more of a credit risk with a previous bankruptcy on your credit as opposed to other debt relief options. Also, depending on your business income level, you might not qualify for Chapter 7 liquidation.

Experienced debt analysts at PCS Debt Relief, the leader in debt relief and bankruptcy alternatives, have worked with many clients and have years of experience when it comes to all forms of debt issues.

It is very important to remember that filing for bankruptcy may not be your only alternative. If you want those hounding phone calls to stop and steadily start working your way out of your debt, an experienced debt analyst can help you determine your best options.

PCS Debt Relief is not a law firm, and does not provide legal counseling. If PCS believes bankruptcy may be the best solution for you after analyzing your situation, your debt analyst will refer you to an attorney to receive legal counseling.