Speaking of which, through my own misadventures and mistake, I built up 21k in debt 12 months ago.
I’ve cut it to 8k but am getting MORE offers for bankruptcy or personal loan consolidation now.
I didn’t want it when i owed 21k, why would i want it now.
I could have paid the CC debt off using other funds, but they never seem to get replaced.
Business venture that didn’t pan out. Still have full time job and learned a LOT of what to do wrong!!
Talk to a good accountant. If you ran up a debt as part of a business venture, the interest may be tax deductible ... and you might be able to write the principal off as a capital loss, too.