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Avoiding Bankruptcy Through Debt ConsolidationBy Gibran Selman
The worst place your multiple debts could take you to is to the brink of bankruptcy – a little nudge and you topple over. This is the worst thing that could happen to you, and you need to do everything to avoid it. Your complete financial reputation is [...]
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 [...]
Tracy B asked:
I cannot do debt consolidation. I would rather not declare bankruptcy. A dishonest ex-husband dumped his debts on me when he shocked me by divorcing me two years ago after 14 years of marriage. This was in TEXAS.
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Torie asked:
They always want the full amount or a breakdown in a short period ,which if you couldn’t obviously can’t pay monthly, is virtually impossible. Gone thru debt management but fell out after 2 years due to unemployment. The debts are now 3 to 4 years old. What is the [...]
msoldatenko asked:
We were together with my ex boyfriend for several years. I made him an authorized user on two of my credit cards. His debt now is about $25,000. We are not together any more and he keeps paying only minimum payments. How do I make him pay? Since both of the credit cards [...]
tinka_butt asked:
I recently read that collectors were (legally) able to take money from your bank account for old debts. Does any one know how far this stretches (cell phone bills, rentals, etc) Where does the collection stop and is there any way to prevent this (after you already have the debt) Please provide [...]
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? [...]
