If you have debt including car loan, credit cards, and other misc debts more than the amount you make in a year or more is filing Bankruptcy the best option? I am young with a child and have accumulated so much debt making bad decisions and now I have to face the situation sooner or [...]

Asset Acceptance is holding two small utility debts of mine. The statute of limitations has run out but they resubmitted the debt to the credit agencies as if they are new. Can they continue to resubmit a debt after the statute of limitations has run out? How do I fix this?

I have a huge credit card debt plus other loans that I need to reduce the monthly payment am making, or freeze the interest on them asap. I have been approached by a company but am afraid it will ruin my credit ratings. I need to know if it actually works plus the pros and [...]

In addition to this law question, I have some ethics questions: How much SHOULD you have to be in debt to be legally allowed to declare bankruptcy? 0? 10k? 20k? 50k? 100k? & why should debt for a home mortgage, business, or other be cleared during a bankruptcy, but not a studetn loan debt? shouldn’t [...]

Hello! I hope you enjoy the article! Consumers who are considering filing bankruptcy are faced with a lot of questions and are often not sure what the advantages could be- if any. Besides the obvious advantage of not having the debt that hangs over their head everyday, are their any other advantages of potentially damaging [...]

I had a rough time a few years ago, and stopped paying my credit cards and cell phone to be able to keep paying the rent and then i lost my job, it was all sent to debt collectors. I’m ready to get this taken care of so I can rebuild my credit somehow, but [...]

I am 105K in debt(mortgage, student loan, car and the unsecured loan) and lost my former job due to lack of work. I got a new job but I am out 15K/yr. Through much juggling, I am paying off everyone except the unsecured loan on which I am paying 30/month(they want 260/mth) and they are [...]

I have a debt collector that keeps calling me and using different local cell phone numbers. Even though I keep telling them that the debt is paid off and I have my cancelled check that I keep faxing to them over and over and over again, they won’t stop calling me. How is it that [...]

My fiance has a debt collector coming after her pretty aggressively and in not the most ethical way (in CA). She has a car (still paying on it) and no other assets. I own a house with more equity than here debt. Can her debt collector come after my assets once we are married?

Hello! I hope you enjoy the article! There are a number of different ways in which you can handle debt or let us say that there are various bankruptcy alternatives. You can always contact your creditors and try to find an agreeable payment option that satisfies both the parties. For instance, to settle your credit [...]