Nobody wants to file for bankruptcy.
It is all too common for people to delay reaching out for help. But more often than not, waiting can be a big mistake.
People don’t take credit card debt seriously enough. They don’t think the credit card companies can do much to collect money other than calling and sending letters. Some people find out the hard way just how far the bill collectors can go.
Almost everyone has been asked for financial assistance from a friend or a family member. Sometimes the friend or family member wants you to co-sign a debt for them.
Many people mistakenly believe that by being designated as the co-borrower, or secondary borrower, that the lender will only be able to collect against the primary borrower in the case of default. When a default arises, the co-signer can be surprised and greatly disappointed to find that is not the case.
12.18.2019 | by Chris Frye
Before changes were made to the bankruptcy laws on October 17, 2005, there were rumors abound that it would become very difficult for the average person to file bankruptcy.
Did that happen?
Were some laws introduced that were unfriendly to the consumer?
You are eager to do something about your uncomfortable debt situation. You have been trying a variety of options to find debt relief and, while at times you were making progress, you no longer feel that way and you want to look at other options, including bankruptcy help.