What are my options for debt relief besides filing bankruptcy?

What are my options for debt relief besides filing bankruptcy?
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1 Answer

Answer :

Instead of filing bankruptcy, you can contact your lenders and negotiate settlements with them. If they are aware that you are facing bankruptcy, they often will settle for amounts less than what you owe them.
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Related questions

Is financial debt solutions a better solution fo filing bankruptcy?

Description : Is financial debt solutions a better solution fo filing bankruptcy?

Last Answer : Debt solutions or consolidation is something you should look into before filing bankruptcy. Consolidationg your debt allows you to make smaller payments over a set amount of time and can positively effect your credit.

Client filing for bankruptcy?

Description : Client filing for bankruptcy?

Last Answer : At some point you will need to file a claim against the company (to the bankruptcy trustee, once they are appointed). You'll wait and wait and wait. There's a hierarchy of who gets paid first ( ... they are filing bankruptcy and when it is possible for you to file a claim. read this Good luck.

What will happen to San Bernardino upon filing for bankruptcy?

Description : What will happen to San Bernardino upon filing for bankruptcy?

Last Answer : Bankruptcy would mean that the city can stop servicing its debt and can focus on paying for services. The city has already laid off some 20 percent of its workforce and cut salaries. It is a wakeup call and a lesson for all of the US.

American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Description : American Airlines may be filing for bankruptcy. My dad is a pilot for them. What does this mean for me?

Last Answer : Chances are that they are filing operating bankruptcy (Chapter 11) which means that they are reorganizing their debt structure while under the bankruptcy court’s protection, which is unlikely to mean any changes in staffing. Your dad’s job should be safe for now.

Is there any symbolic signficance to GM filing for bankruptcy?

Description : Is there any symbolic signficance to GM filing for bankruptcy?

Last Answer : GM is already out of bankruptcy.

Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Description : Sirius / XM is filing for bankruptcy. Will we loose satellite radio?

Last Answer : psst, it’s lose!

Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Description : Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Last Answer : yea, I think so

What can be done to build credit history after filing bankruptcy?

Description : What can be done to build credit history after filing bankruptcy?

Last Answer : After filing bankruptcy, it is extremely important to be very careful to pay bills in full and on time. Missed payments or carrying credit card balances can negatively impact credit scores.

My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?

Description : My brother is thinking of filing bankruptcy. If he filed for bankruptcy would this also take care of the back taxes he owes on his property?

Last Answer : It depends on a number of circumstances; often it isn't possible to discharge back taxes in bankruptcy, but it is in some cases if the back taxes are over 3 years old.

Will filing for bankruptcy stop the foreclosure?

Description : Will filing for bankruptcy stop the foreclosure?

Last Answer : Well, yes and no! Many homeowners will file for Chapter 13 specifically to stop their sale date. Only to find out later, that their mortgage is not included and now they may have both on ... collect or contact you. However, the automatic stay and the stopping of the foreclosure is ONLY temporary.

Chapter 13 Bankruptcy Provides Relief to Debtors?

Description : Chapter 13 Bankruptcy Provides Relief to Debtors?

Last Answer : If you're overwhelmed by debt and have a steady job, filing for bankruptcy under Chapter 13 of the federal bankruptcy code might work for you.The federal government calls it the "wage earners" ... payments within 30 days of filing. When the debts have been paid, the bankruptcy can be discharged.

Is it worth going through the process of filing a complaint with a debt collection agency that has my number for no known reason and keeps calling me? Or is it a waste of time?

Description : Is it worth going through the process of filing a complaint with a debt collection agency that has my number for no known reason and keeps calling me? Or is it a waste of time?

Last Answer : answer:The next time they call, tell them that the person they are trying to reach doesn't live there and if they call again you will be filing charges against them with a lawyer (even if the ... violation of them. If you tell them and they continue you would have a legitimate case for a lawsuit.

Should I sue the debt collectors or file for bankruptcy?

Description : Should I sue the debt collectors or file for bankruptcy?

Last Answer : For every count of harassment, you can get between $500-$5000 depending on the state. It really is as simple as recording them and filing a lawsuit. There was a news story recently about a guy whose ... purposely get harassed by debt collectors so he could sue them. He was pulling in over 100k/yr.

Have bankruptcy laws changed recently so that the debt needs to be paid back now?

Description : Have bankruptcy laws changed recently so that the debt needs to be paid back now?

Last Answer : answer:The whole point of bankruptcy is that your assets cannot repay the debts you have, so complete debt repayment is not required. The major point that many people miss is that bankruptcy offsets ... on their credit reference file will struggle to get any kind of credit in the foreseeable future.

Pros and Cons of Bankruptcy Debt Settlement?

Description : Pros and Cons of Bankruptcy Debt Settlement?

Last Answer : If you're in debt, chances are you didn't expect to be in this state. People get into debt for a variety of reasons, from making a huge purchase that they can't afford to losing their ... While you can file for bankruptcy on your own, protect yourself and your assets by hiring a bankruptcy lawyer.

Have you used any debt relief programs, or do you have anyone you would recommend for taking over my Sallie Mae Loans?

Description : Have you used any debt relief programs, or do you have anyone you would recommend for taking over my Sallie Mae Loans?

Last Answer : answer:I'm in the same boat as you, and unfortunately right now with the economy being what it is you're going to be hard pressed to find anyone. Wells Fargo has a program, but with them as ... your income increases . added side bonus they tend to pay the loan off faster in the long run).

I'm not far enough in debt to get debt relief, but im just far enough behind where I can't get ahead. How can I become debt free when I seem to be stuck?

Description : I'm not far enough in debt to get debt relief, but im just far enough behind where I can't get ahead. How can I become debt free when I seem to be stuck?

Last Answer : Welcome to life. Sometimes you just have to deal with bad credit until you have the means to take care of it. Survival is your first priority, this means shelter, food, and environmental control (electric). Any ... nothing to scoff at, but in the big scheme of things it is not the end of the world.

Debt Relief Can Be Yours?

Description : Debt Relief Can Be Yours?

Last Answer : If you are worried that you may be experiencing credit problemsor owe a great deal of money in credit card debt, you may considerdebt relief services. Debt relief can take under three years tosettle, ... and area sure sign that you are in need of debt relief. If you have everconsidered filing fo

How does a debt relief program work?

Description : How does a debt relief program work?

Last Answer : Deb releif comes in many forms.The most popular and common is a to file for bankruptcy.

How can I get Debt Relief?

Description : How can I get Debt Relief?

Last Answer : tomm653: Freedomdebtrelief.com is an excellent website to help you get out of debt as you can cut your debt up to 50% and be debt free in 1-3 years.

I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Description : I have always prided myself for having perfect credit, but the recent downturn in the economy and unexpected medical expenses have no changed that. I don't want to file bankruptcy, but am way behind on payments. What are my options?

Last Answer : For medical bills, you can make small payments to the hospital every month and as long as you’re paying off the loan, they can’t write it off as un upaid bill. So pay them $15 a month and use the extra $ to pay off your credit cards.

In this defensive strategy, the firm agrees to a complete distribution of firm assets to creditors A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Description : In this defensive strategy, the firm agrees to a complete distribution of firm assets to creditors A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Last Answer : Bankruptcy:

In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Description : In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Last Answer : Liquidation strategy:

This defensive strategy involves the sale of a part of a firm or a major component of a firm; A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Description : This defensive strategy involves the sale of a part of a firm or a major component of a firm; A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Last Answer : Divestiture strategy:

In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Description : In this defensive strategy, the firm typically is sold in parts, or as a whole, for its tangible asset value and not as a going concern. A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

Last Answer : Liquidation strategy:

This defensive strategy involves the sale of a part of a firm or a major component of a firm; A. Divestiture strategy: B. Liquidation strategy: C. Bankruptcy: D. None of these options

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Last Answer : Divestiture strategy:

What are some arthritis relief treatment options?

Description : What are some arthritis relief treatment options?

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Are there natural relief options for pain?

Description : Are there natural relief options for pain?

Last Answer : Yes there are natural relief options for pain. However, it would depend on what type of pain. If your head hurts you can take a nap. If you leg hurts then you can sit down.

Effective Sinus Headache Relief Options?

Description : Effective Sinus Headache Relief Options?

Last Answer : A sinus headache can cause throbbing headaches which can worsen when bending down. Sinus headache relief options include taking a decongestant which will relieve sinus pressure and pain. Another effective remedy ... plenty of fluids and sleeping with the head of the bed elevated to reduce pressure.

Tooth Pain Relief Options?

Description : Tooth Pain Relief Options?

Last Answer : Following are the best 5 remedies to heal tooth pain. 1. Aspirin This is the most papular and common remedy. Once you have pain in your tooth, take an aspirin or any kind of pain killer ... keep in mind that it’s always best to rely on your trusted dentist who will provide proper dental treatment.

Constipation Causes and Relief Options?

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Last Answer : The sluggish and painful effects of constipation can have anyone seeking a quick and easy remedy at some point in their lifetime. Constipation occurs when slow contractions cause stool ... exercise is often the best treatment available when fighting the dreaded condition called constipation.

I can't repay my business debt, what are my options?

Description : I can't repay my business debt, what are my options?

Last Answer : answer:Speak with a lawyer about filing bankruptcy (seek protection from creditors, rather than to be placed in receivership and liquidated). This will trash your credit, but gives you a chance to ... , consider opening a commercial credit line (American Express is my favorite) to tide you over.

I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Description : I have credit card debt, and a 401k account from my last job that equals that debt, what are my options here?

Last Answer : Are you sure about the $2k? I believe you lose more than that because you are looking at taxes + penalties for early withdrawal. I would try to negotiate with the credit cards to get a lower interest rate. Also, if you have any room, try to do a balance transfer (watch out for the transfer fee).

What are some of my options when it comes to debt consolidation?

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Last Answer : An acknowledge advising administration works for lenders to improve terms on your credit, including decreased loan fees and lower regularly scheduled installments. You make one regularly ... lenders actually should acknowledge recommendations made by the credit advising organization debt redemption.

What Are Your Options Regarding Student Loan Debt Forgiveness?

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Last Answer : Millions of Americans are dealing with student loan debt. For most, that debt will linger with them for several years or decades. Although the average student loan debt is somewhere around $25,000, many ... loan debt gets away from you, there are options designed to help you deal with that debt.

________ is characteristic of liquidity ratios. (a) Organization’s ability to meet its current debt obligations (b) Organization’s use of debt to finance its assets and whether it’s able to meet the interest payments on the debt ;(c) How efficiently the firm is using its assets ;(d) None of given options

Description : ________ is characteristic of liquidity ratios. (a) Organization's ability to meet its current debt obligations (b) Organization's use of debt to finance its assets and whether it's able to meet the interest ... the debt ;(c) How efficiently the firm is using its assets ;(d) None of given options

Last Answer : (a) Organization’s ability to meet its current debt obligations 

OK, I cracked the glass on my phone, what are my options besides buying another one?

Description : OK, I cracked the glass on my phone, what are my options besides buying another one?

Last Answer : Get it fixed. I don’t know where you live, but here in Atlanta there are numerous places that do cell phone repairs. My daughter paid around 60 $$ to have hers done.

Are there other options besides living on the street?

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What other options are out there for people with cat allergies, besides antihistamines?

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Besides chrome, what are my options for shower faucets?

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Besides medication, what are some of the treatment options used in depression treatment centers?

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Last Answer : In addition to medication, patients undergo individual and group therapy, and learn to channel their feelings into positive creative projects. In rare instances, electroshock therapy is still offered. Depression can be treated with herbs and exercise. Meditation also helps out a lot.

Are there other options besides medication to lower triglycerides?

Description : Are there other options besides medication to lower triglycerides?

Last Answer : There are many drugs out there to help lower triglycerides. They are called antihyperlipidemic agents. The most common names of these medications are Lipitor, Zicor, and Mevacor.

What are some treatment options for depression besides medications?

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Last Answer : If you have been diagnosed with depression and want to try and treat it without medications you can try therapy counseling to get you back on the right track in your life without going through medications and having a support group.

What are some treatment options besides chemo?

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When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Description : When filing your tax returns, can you designate a certain amount of your return to go to a second party, such as a lender?

Last Answer : answer:There are tax preparers that will give you a “tax refund” loan. But they will charge you a lot for the privilege of a short term loan. And you have to get your return done by them. Check with H&R Block if you can have it electronically deposited at a third party.

Moved by the number of jellies filing past to send their wishes off, may I ask if some of our old friends will stay on?

Description : Moved by the number of jellies filing past to send their wishes off, may I ask if some of our old friends will stay on?

Last Answer : I’m canceling my Internet and cable to save money on October 21st. I will still have my Rodgers account but it only has a half gig of data per month so I won’t be on as much.

What to choose if option for my separation from work isn't available filing for unemployment?

Description : What to choose if option for my separation from work isn't available filing for unemployment?

Last Answer : answer:“I was laid off due to my position being eliminated” = Lack of Work P.S. You are allowed to ask the unemployment person.

What service should I use for filing taxes? (first timer)

Description : What service should I use for filing taxes? (first timer)

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Counter Filing Harrasment Charges?

Description : Counter Filing Harrasment Charges?

Last Answer : answer:In the United States you’d file it at the same place as the complaint against you. If work related, at our Human Resources. If at school with the school administration. You can file at any time. If nothing has been filed against you, go ahead and file a charge.

Do you think more people are filing their own taxes this year?

Description : Do you think more people are filing their own taxes this year?

Last Answer : My taxes are kind’a complicated, so I use a tax service. Plus, just in case I am audited, I want someone with a suit and tie by my side who can answer the questions.