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August 2017 Archives

Settlement may not bring as much debt relief as bankruptcy

North Carolina consumers dealing with substantial debt rarely find their financial situations easy to handle. They may scrap and save, hoping to make a dent in their outstanding balances, only to never see much impact. As a result, they may begin exploring various debt relief avenues, and for some, a debt settlement may seem appealing. However, many individuals may not fully realize the impacts of this option.

Many may consider personal bankruptcy due to outstanding debts

Many individuals have a difficult time handling accumulated debt. How individuals in North Carolina and across the country choose to address their debt can vary from person to person. For those with substantial liabilities and who feel as if they may never get out from under their outstanding balances, considering personal bankruptcy may be a worthwhile step.

Many North Carolina residents may qualify for Chapter 13

Deciding to take a serious approach to handling personal debt is a major decision. North Carolina residents who are looking to take action may feel a well-deserved sense of accomplishment as choosing to take on such an endeavor can set parties on a path toward financial freedom. For some, Chapter 13 bankruptcy may offer the most interest when exploring options.

Debt relief scams may leave North Carolina debtors worse off

Many North Carolina residents hope to find the best way to handle their outstanding debt. The idea of facing considerable balances can often lead to stress and anxiety, and for some, getting debt relief help may seem too good to be true. Unfortunately, some companies who claim to help debtors get out from under their liabilities only work to make matters worse.

Dodging debt may not outweigh personal bankruptcy as relief route

The topic of debt is often a touchy subject for many North Carolina residents. Debt issues are often associated with a negative stigma, and many people may even be hesitant to seek help with their financial problems due to fear of being perceived as irresponsible with money. However, ignoring financial problems may only make the situation worse, and individuals may do better to consider their debt-related questions and potentially look into personal bankruptcy.

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Durham, NC 27705

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