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JAZ asked:
I paid some debts with no intention of filing bankruptcy. I was trying to settle on a car accident claim, but the other party decided to sue rather than settle. This pushed me into bankruptcy 2 months later. Now the Trustee in this case is claiming “Preferential Treatment” and [...]
Martie asked:
I get letters from creditors offering to settle my debts for a lower amount. I owe about $17,000. Some debts have been charged off and I don’t know who to contact now. Doesn’t it still hurt your credit to pay off the debts anyways? Isn’t Chapter 7 just easier? [...]
Most People think that Debt settlement and Debt Consolidation are same. Whereas, it is not true. While they both help reduce debt, they each affect your credit score and pocketbook differently. Before signing up with any debt management company or Debt Settlement Company, make sure you completely understand the pros and cons of the [...]
