I've tried getting second jobs,going to credit counseling services.I've had 2 car accidents in the last year and also I was sick or hurt a lot in 2006 as well,so those things impacted my wages a lot.Now I've even contacted a bankruptcy attorney as well.What are some other ways I can try to get around my debt problem if they are any,what would they be too.
2007-02-21 03:17:54 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
Believe it or not you've taken the best step you can. By contacting a lawyer, and working with him you won't have to file bankruptcy. You can have him contact all debtors and perform a "consolidation" of sorts or file a chapter 7 or 13 bankruptcy. A chapter 7 wipes everything away and stays on your credit report for 10 yrs. A chapter 13 is a legal debt consolidation where a judge tells your debtors that they will accept this or nothing at all..
Good luck.
2007-02-21 03:27:56 · answer #1 · answered by num1huckfinn 5 · 0⤊ 0⤋
How to Avoid Bankruptcy Explained: With the rising consumerism, aggressive advertising campaigns and increasing incomes, people are living well beyond their means. As a result, they are burdened with heavy debts. If they are unable to repay the dues, they have to file bankruptcy. Bankruptcy is the last resort when you are reeling under financial problems
2007-02-22 00:13:57 · answer #2 · answered by juli o 3 · 0⤊ 0⤋
The below article might help you, it's titled "Bankruptcy Tips And Helpful Alternatives"
2007-02-21 20:07:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋