When facing overwhelming or unmanageable debt, people will frequently find themselves weighing the possible options available to them to address the situation. One of these options is, of course, bankruptcy. Another that is frequently promoted or advertised is a process known as “debt relief”. Thus, you might naturally wonder, how do these processes differ from each other, and which one is better? Herein, we shall answer both of these questions and delve into the implications of each of these processes.
