Bankruptcy laws were changed significantly when the bankruptcy code was re-written in October of 2005, offering far fewer benefits for borrowers trying to get out from under their debt obligations. Once in place, the overhaul pointed most bankruptcy filings to a chapter 13, with tighter restrictions, re-payment of debts, and a much longer time from start to finish. Consumers in a chapter 13 filing typically have a “workout” period where payments are made to creditors until the debt is satisfied, a process that can take three to five years. The overhaul allows creditors to act aggressively if terms are not met by the consumer. For example, a bank can now start foreclosure immediately if the borrower misses even one payment.  The relatively quick 8 month process, dismissals of debt, and essentially fresh start status provided by a chapter 7 filing have essentially been eliminated for but the most destitute of filers.


While many of the advantages of filing bankruptcy were eliminated, the disadvantages remain firmly in place. A bankruptcy filing can stay on your credit reports for up to ten years, making it difficult, impossible, and/or more expensive to obtain consumer loans, credit cards, and/or a mortgage. An increasing numbers of employers will refuse to hire applicants with a bankruptcy filing. Bankruptcy filings are also a very public event, usually announced in local papers and available to anyone seeking that kind of information

Consumers now have many choices and ways to deal with financial difficulty.  Learn how to manage and ultimately eliminate debt without filing bankruptcy and it’s likely you will have chosen a much better path for yourself and your family.

The debt settlement experts at USA debt have years of experience helping average people overcome their problems with debt.  Debt settlement is a way to create a plan to pay off your debt while negotiating with the lenders you owe money to.  Lenders may include credit card companies, banks, collections agencies, utility companies and more.  We can help you with your debt problems, including:

•    Credit Card Debt
•    Medical/Hospital Bills
•    Department Store Credit Cards
•    Oil/Gas Credit Cards
•    Personal Loans (unsecured)
•    Overdue Rent
•    Autos (Repos)s
•    Local Merchants
•    Past Due Utility Bills
•    And more!

How USA debt Can Help

We are your advocate, helping you, informing and guiding you through the debt settlement process.  With our assistance, you can:

•    Reduce your unsecured debt
•    Have an advocate deal with your creditors
•    Arrange one affordable monthly payment
•    Complete the program in 12-26 months

With our help, countless people have gotten completely free from their unsecured debt and managed to change the way they live their lives.  No longer fearful of collection agency phone calls or terrified of bills piling up, people are able to enjoy a high credit rating and financial freedom.

USA Debt Settlement Resource Center

We don’t just guide you through the process; we supply accurate, in-depth information so that you understand what it is you’re doing and the benefits.  Articles, blogs, news stories and information sources are all available at  We are your partner throughout the program, and we invest our time, knowledge, experience and resources into you so that you can become a debt free individual.

The debt settlement experts at have worked with countless people all across the country, walking them through our comprehensive debt settlement plan.
You can take advantage of the information, knowledge and debt settlement professionals at by simply calling filling out our contact form today!