Bankruptcy vs Debt Defense
Is bankruptcy necessary? Understand alternatives.
Bankruptcy can provide broad relief but affects credit and finances. Targeted debt defense may resolve one or more lawsuits without filing bankruptcy. Compare with a professional before deciding.
| Path | Pros | Cons |
|---|---|---|
| Chapter 7 | Discharge many debts quickly | Asset liquidation risk, eligibility means test |
| Chapter 13 | Structured repayment, protect assets | 3–5 year plan, court oversight |
| Debt Defense | No bankruptcy on record, targeted outcome | Case-by-case; not all debts defensible |