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Bankruptcy Alternative Video
Bankruptcy is a process designed by the federal government in an effort to help people, both businesses and consumers, to get rid of their debt. There are several types of bankruptcy that can be filed. In some types, the assets owned by the person or company are used to pay the debts. [...]
lls7816 asked:
Thanks to a divorce, I am stranded between my credit cards taken to pay lawyers and my other bills. I am absolutely trying to avoid filing for bankruptcy and I was wondering if could do the following:
Payoff some of the debt in a couple of years while stopping the payments on the [...]
In a bind… asked:
I am in a bind… My wife left me and I cannot afford my mortgage without her salary. She does not care if we default on the loan. I don’t want to file for bankruptcy.
The house was built 2 years ago and is in perfect shape. It [...]
Tina W asked:
What are the implications of the increased number of bankruptcy filings for future potential debtors who seek to obtain credit?
Do you agree with the Bankruptcy code and why? Do you think people might try to take advantage of it or not?
Debt
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Stephanie asked:
I am about $2,000 in credit card debt. It may seem like a little but these people are harrassing me. They have already levied my bank account for about $500.00.
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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 [...]
Eclipseoftheheart asked:
I would like to know the many alternatives a business can pursue instead of filing for bankruptcy. The more alternatives the better. They must be legal though.
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