Debt Settlement Debt settlement is an alternative to filing for bankruptcy relief. The typical process of debt settlement is contacting a creditor and offering them a payoff for less than the full balance owed. Typical settlements generally range from 20-50%. However, what debtors need to be aware of is that the creditor is under no […]
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In the U.S., there isn’t a specific minimum amount of debt required to file for bankruptcy. The decision to file is generally based on whether you can afford to repay your debts and if bankruptcy is the best option for your financial situation. However, if your debts are relatively small, bankruptcy might not be the […]
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When you really look at your debts, its much cheaper to pay a Bankruptcy Attorney a flat one-time fee VS paying all your creditors over time. Additionally, if you don’t file, you face the risk of being sued and having to defend your case in a civil court, your wages being garnished at up to […]
