Debt Consolidation vs Bankruptcy: Pros, Cons, and Key Differences Explained Legal Explainers Debt Consolidation vs Bankruptcy: Pros, Cons, and Key Differences Explained United States Laws February 8, 2026 0 Debt consolidation restructures existing debt into a single payment but does not eliminate what you owe. Bankruptcy... Read More Read more about Debt Consolidation vs Bankruptcy: Pros, Cons, and Key Differences Explained