Most people would not consider a mortgage as one of the logical bankruptcy alternatives, but for many people it may make sense.
If you own your own home, but you also have credit card debts that you can't pay, bankruptcy may seem like your only way out. Before you consider personal bankruptcy, consider getting a mortgage debt consolidation loan.
If you qualify, you can borrow money against your house at a low rate of interest, and use the money to pay off your high interest rate credit cards.
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