Which of these are possible options for most people who cannot pay their bills?

Question

Quizplus · Accepted Answer

All of the above options are possible, but the best choice(s) would depend on the individual's specific financial circumstances. Seeking help from a credit counselor could provide guidance on creating a budget and managing debts, while obtaining a debt consolidation loan could make it easier to manage multiple debts by combining them into a single monthly payment. Declaring Chapter 13 personal bankruptcy could allow for a reorganization of debts and the creation of a repayment plan, while Chapter 7 personal bankruptcy could result in the discharge of certain debts but may also require the liquidation of assets. It is important to consult with a financial professional to determine the best course of action.

Which of These Are Possible Options for Most People Who