Non-Dischargeable Debts in Bankruptcy
When filing for bankruptcy the goal of a debtor is to obtain a fresh financial start. In Chapter 7 bankruptcy, their debts are eliminated, while in Chapter 13 bankruptcy, a debtor typically pays back their debt through a court ordered payment plan that is typically 60 months and is interest free for mist debt. However, […]
Debt Settlement Companies: What They Don’t Want You To Know
Debt settlement companies are for-profit, multi-million dollar businesses that typically promote their services as debt consolidation “programs”. Debt settlement companies sell their services by stating that they can significantly reduce their client’s credit card balances by negotiating with creditors to achieve a lump sum settlement. Typically, debt settlement companies advertise that they can save consumers […]