The Differences between Debt Consolidation and Bankruptcy

Many people believe that debt consolidation and bankruptcy are the same thing and can ruin your credit forever by doing either. This is simply not true and there are many differences between the two.

Let us begin by clarifying the two with a mere definition.

Bankruptcy– is a public record that entails a court process that consumers and businesses can take to eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. Bankruptcy can be categorized into two types, liquidation or Chapter 7 and reorganization or Chapter 13.

Debt Consolidation – is the process of combining a number of unsecured loans into a monthly payment, either through a new loan or through carious consolidation programs that help consumer repay all or a portion of the original balances.

Where we can help:

If you feel like you’re drowning in debt and that you can no longer afford the minimum payments on loans or credit cards, but you’re not ready to file for bankruptcy, debt consolidation may be the solution to your financial problems.

With our debt consolidation program we can assist you in eliminating multiple creditors, reduce your monthly payment, and create a simplified payment process. We have debt consolidation services all over the United States servicing areas for Florida Debt Consolidation, New York Debt Consolidation, Texas Debt Consolidation and California Debt Consolidation.

We begin by consulting you for FREE! After we ensure you qualify for a debt consolidation program we begin to facilitate with our partners to create a program tailored specifically to your needs.

If you have been unable to make any payments to your creditors and you feel you’re only solution is bankruptcy, don’t fear, we are here to help. Our representatives will try to find you alternative solutions.

Posted in Debt Consolidation
I wanted to take a moment to thank you for everything you have done for me. Over the past week I have had several opportunities to interact with you as we worked through what was for me a very difficult and stressful decision. It might sound simple, but in my experience it is exceptional: You, Andrew, focus on solving problems. You were able to quickly grasp the issue and proceeded to reach a resolution efficiently, while allowing me to maintain my dignity. I have found you to be professional, knowledgeable, upbeat, gracious, patient, and absolutely committed to achieving the desired result and satisfying me, the customer.
Elizabeth C.
Ted has been very helpful and understanding whenever I call him. When I’m in a panic over something he always calms me down and reassures me. He did not make me feel embarrassed or shameful over my debt situation. He is truly a great person!
I am really glad that I did make that call because if I hadn’t I would be worried so much about the bills and not being able to pay them, along with my health. You explained everything to me and after I talked things over with my husband I realized that this was my best option. I do appreciate your kindness and professionalism. You didn’t make me feel ashamed of needing help, you talked and listened and that made quite an impression!
Every time I have called Tony if he didn’t pick up the phone immediately, he without fail returned all my calls promptly. I feel as if Tony and I have become friends and I couldn’t be any more pleased with the service he has provided me. If the rest of the service I receive from ADR is as helpful and professional as that provided by Tony then I am going to be one grateful and happy camper. I would like to thank everyone involved to this point with helping me through a tuff situation, especially Tony.
Hey Andrew! Thanks again for all of your help! All of you have been very helpful & professional. I can’t say enough about how pleased I have been with your services. Thanks again!! Israel
I initially contacted Brad at Accredited Debt Relief in regard to a financial hardship I sustained as a result of losing my home in the 2007 CA. Wildfires. I found Brad to be a knowledgeable and experienced credit consular that was able to assist me with my financial problems. He was able to adapt his schedule to my needs and gave me the feeling that he cared about my situation and would do anything in his power to help.
Barry S.