Reported about 16 hours ago
At 51 years old and recently divorced, an individual finds themselves $180,000 in debt, raising the question of whether to declare bankruptcy. With average U.S. household debt exceeding $100,000, various debt relief options exist, including Chapter 13 bankruptcy, which allows for structured repayment, but comes with long-term credit implications. Before making a decision, consulting a financial advisor and exploring alternatives like debt management plans or negotiating with creditors can be prudent.
Source: YAHOO