Jan 27, 2009
6. Pay Over Time With Chapter 13 Bankruptcy
If you have steady income and think you could squeeze out regular monthly payments, Chapter 13 bankruptcy may be a good option. Chapter 13 allows you to keep your property and use your disposable income (net income less reasonable expenses) to pay all or a portion of your debts over three to five years. You can use wages, benefits, investment income, business earnings or any other income to make your... read more
Jan 27, 2009
How to Practice Like a Pro?
There are so many people in this world who like to play the golf. It is true although in fact, this sport has been quite exclusive due to the limitation it has on the kind of people who are allowed to play it so. It is also in fact has become a game limited for those who have sufficient cash as well. But now there has been a way you can choose to use in order to make you able getting the chance to play... read more
Jan 26, 2009
4. Get Outside Help to Design a Repayment Plan (2)
Filing for bankruptcy puts into effect the “automatic stay.” The automatic stay immediately stops your creditors from trying to collect what you owe them. So, at least temporarily, creditors cannot legally take (garnish) your wages, empty your bank account, go after your car, house or other property or cut off your utility service.... read more
Jan 25, 2009
4. Get Outside Help to Design a Repayment Plan
Many people aren’t well-equipped to negotiate with their creditors. Inside, they may feel that they are obliged to make full payment. Or, their creditors may be so hard-nosed that the process is too unpleasant to stomach. And some people just haven’t honed their negotiation skills. ... read more
Jan 24, 2009
3. Negotiate With Your Creditors
If you can get some money, consider negotiating with your creditors. Negotiation can buy you time to get your finances in order. You can also negotiate to get your creditors to agree to accept considerably less than you owe as a complete settlement of your debts. Suggestions and forms for negotiating with your creditors are in Chapter 3.... read more
