When debts get out of control, negotiating with creditors to reduce them can be beneficial. Not knowing details of your specific situation will make it easier for a creditor to take advantage of you. In any negotiation, knowing what your rights are, as well as the other party’s, is valuable. Is My Debt Secured or…
Debt
What Can Declaring Bankruptcy Do for Me?
There are many common misconceptions about what bankruptcy can do for someone. When bankruptcy is declared, a person is given the opportunity to repay debts. During that time, they will be protected by the federal bankruptcy court. The two most common forms of bankruptcy are liquidation and reorganization. Chapter 7: Liquidation Bankruptcy Not everyone can…
