There are several factors to choose from when debating to do bankruptcy over debt consolidation. For starters, when choosing bankruptcy, the court consolidates your debts and adds no interest to your debts. It creates a monthly payment based off your monthly income, and weighs in all the factors in your life like: People in your household, amount of monthly debt versus monthly income and more. Bankruptcy also protects you from creditors trying to garnish your wages and allows you to not be sued for your wages. In Chapter 13 bankruptcy, while making your monthly payments, you can still buy a home or vehicle if needed. Bankruptcy also helps you to restore your credit faster. If you have more questions regarding whether to file bankruptcy or go to a debt consolidator, call our office today!