Imagine driving along and someone hits you lightly on the back of your car. You both get out of your cars and assess the damage. It looks really minor, just a scratch or two on each car. The other driver laughs it off and says that it’s no big deal. If you’re okay, they’re okay….

If you’re having trouble paying off your debts, then you might hear about an option called “debt settlement.” Some debt settlement companies, attorneys, and even people you know may tell you it’s a much better option than bankruptcy. But what is it, exactly? And what are the key differences between filing for bankruptcy and undergoing…