The document discusses the current economic situation in the USA. It begins by describing the global financial crisis that started in 2007 with the US housing market collapse and spread worldwide. This crisis has triggered a full recession in most advanced countries. It then discusses how job losses can negatively impact people emotionally and in their personal relationships by damaging self-worth and causing financial stress and relationship tensions. Finally, it provides an overview of debt settlement as an alternative to bankruptcy that involves negotiating with creditors to pay off a percentage of total debts.

1. Current economic situation in USA

3. Current economic situation in USA

5. How it is affecting people and families Emotionally

7. Interpersonal relationships

9. Be publicly embarrassed

13. If a consumer files for bankruptcy, it is very likely that the creditor will receive nothing of the balance that is owed to them. Therefore, a creditor is better off negotiating with a debt settlement company. Most debt settlement companies work with customers that have legitimate financial problems and honestly need assistance. Debt Settlement

17. Risks of Debt Settlement

20. Alternatives to Debt Settlement