What are some alternative debt repayment methods that could have potentially saved Michael Jackson from his $400 million debt?

The Debt Tracker can help in selecting the best repayment strategy to avoid bankruptcy by providing three different payment methods: Snowball, Avalanche, and a customizable one. The Snowball method focuses on paying off the smallest debts first to gain momentum. The Avalanche method targets the debts with the highest interest rates first. The customizable method allows you to tailor your repayment strategy based on your specific circumstances and preferences. By using these methods, you can effectively manage and reduce your debts, thereby avoiding bankruptcy.

The Debt Tracker has several practical applications in managing accumulated debts. It allows you to select and manage the best repayment strategy among three different payment methods: Snowball, Avalanche, and a customizable one. The Snowball method focuses on paying off the smallest debts first to gain momentum. The Avalanche method targets the debts with the highest interest rates first. The customizable method allows you to tailor your debt repayment strategy based on your specific needs and circumstances. By using the Debt Tracker, you can effectively manage and reduce your debts, accelerating your journey to a debt-free life.