Hundreds of thousands of Americans file for bankruptcy each year to seek relief from their overwhelming financial burdens, whether they're dealing with high-rate credit card debt, medical bills ...

Filing for bankruptcy is a heavy financial decision to weigh, even if you're dealing with a serious amount of debt. And, as a last-resort option, filing for bankruptcy should not be taken lightly ...

Creditors may agree to this because receiving a portion of the debt is often preferable to the risk of receiving nothing if you declare bankruptcy. You can pursue debt settlement yourself ...