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Impact of Collection Agency Letters on Debtors

Nexa Collect

They might try to settle the debt for a lesser amount, or establish a payment plan that allows them to pay off the debt over time. Seeking Legal Advice or Help : A collection letter may prompt some debtors to seek advice from a lawyer or a credit counseling service.

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How to File for Bankruptcy

Better Credit Blog

To help you better understand how bankruptcy works, we reached out to financial lawyers who specialize in guiding their clients through the process. Ad See how much you could save by consolidating your debt! “It may be the only resort to get rid of debts when you have insufficient income to repay them.”

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Can I File Bankruptcy on Just My Credit Cards?

Sawin & Shea

There are other options including credit counseling, creating a debt management plan, and taking out a debt consolidation loan. Do I Need a Lawyer to File for Bankruptcy? Are There Lawyers Who Can Help with Bankruptcy? A bankruptcy lawyer is who you want for the best outcome. The answer is yes.

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How Often Can I File Bankruptcy?

Debt Free Colorado

Moreover, when filing bankruptcy again after being rejected for a discharge, you should work with an experienced bankruptcy lawyer to check if you can still request a discharge for the debts in your first filing. An automatic stay is a kind of bankruptcy relief that prevents debt creditors from contacting you about the amount you owe.

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What Happens After a Personal Loan Bankruptcy Discharge?

Sawin & Shea

Types of personal loans include: Installment Plan Payday Peer-to-Peer Lending Cosigner /Guarantor Debt Consolidation Variable Rate Fixed Rate During your bankruptcy proceeding, at least a portion of these loans will be discharged, whether you borrowed from brick-and-mortar or online lenders.

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What Is the Difference Between Chapter 7, 11, and 13 Bankruptcies?

Credit Corp

It’s typically a good idea to consult an experienced bankruptcy lawyer before you file a bankruptcy petition. Definitely talk to your bankruptcy lawyer about which property you want to keep and whether it’s possible. So, talk to a lawyer and get the information you need to make the best decision in your case.

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Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

If you have used the services of Freedom Debt Relief, you’ll want to keep an eye on this lawsuit as you may be entitled to damages. If you’re considering hiring Freedom Debt Relief or another debt settlement or debt consolidation provider, perhaps it’s time to reconsider. Source: [link].