2006-11-14 23:57:06 · 4 answers · asked by DR FAKE 1 in Education & Reference ➔ Financial Aid
It depends on the natur of the debt. SOME debts are unable to be affected bu the efforts of a debt managements company, like child support arrearages, back alimony or spousal support. If the debt is any of those, those amounts are set by the court and only the court can alter them. Asf or most other debts....those are usually managable by a debt managements company....take a shot....
2006-11-15 00:06:19 · answer #1 · answered by kveldulf_gondlir 6 · 0⤊ 0⤋
Not necessarily. First, if you do go to a debt counseling agency, be sure it is approved by the US Trustee's Office of the US Bankruptcy Court.
Second, you should consult a bankruptcy lawyer. Filing bankruptcy is the quickest, easiest and surest way of dealing with debt. Anything else can lead to statutes of limitation being extended, paying out way more interest than you need to, and a bad credit score for decades.
2006-11-15 08:10:20 · answer #2 · answered by thylawyer 7 · 0⤊ 0⤋
If I were you, I would go to to the citizens Advice, they will contact the people you owe money to and negotiate on your behalf.
Good Luck, and I hope you get yourself sorted very soon.
2006-11-15 08:06:40 · answer #3 · answered by angelswings 3 · 0⤊ 0⤋
your best bet would be to descuss your debt issues with citizens advice first, they will tell you all your options and advise you on the best method to suit your circumstances.
2006-11-15 08:00:04 · answer #4 · answered by vicky l 6 · 0⤊ 0⤋