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Can I Settle My Credit Card Debt Myself?

Titan Consulting

Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. Personal loans, credit card debt, payday loans, or medical bills all fall into the category of unsecured personal debt. Key Takeaways. Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed.

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SURVIVING FINANCIAL DISTRESS FROM COVID-19 IN THE RESTAURANT, BAR, AND SERVICE INDUSTRY

BN Lawyers

It can make the difference between being able to work out an arrangement with a landlord or equipment lessors and needing to file for a chapter 11 bankruptcy to save your business. A lender may be willing to forbear payments in exchange for extending repayment out over an additional six-months to avoid forcing your business into bankruptcy.