Before I begin my rant on Chapter 13 and the way I see things turning against some debtors ( not all debtors), I would like to start by saying that I honestly believe that Consumer Bankruptcy is Financial Planning for the Future. Â Also, I still believe in the concepts of a “Fresh Start” and the [...]
debt-settlement-plan
You know you have a problem; there’s no money to pay the bills. Â Somehow you are short of cash. Â And you’ve taken the first step to evaluate what you owe and what you own. Â Now it is time to figure out where you want to go today. Set a Goal You don’t have to see [...]
You may not need to file for bankruptcy if you’re facing a mortgage foreclosure. Sometimes debts can take care of themselves. In many states, the mortgage company can’t sue you for the difference between your mortgage and the value of the property. Â This is called the deficiency. So if you can’t get sued for the [...]
If you are currently participating in a debt management plan (DMP), you must read the following article by the Federal Trade Commission regarding what to do if the company administering your DMP goes out of business: What happens to your DMP if the credit counseling company that managed your debts shuts down? A counseling agency [...]
If you are currently participating in a Debt Management Plan (DMP), you must read the following article by the Federal Trade Commission: The FTC has found that some organizations that offer DMPs have deceived and defrauded consumers, and recommends that consumers check their bills to make sure that the organization fulfills its promises. If you [...]
A debt management plan (DMP) is a method of paying personal debts. It typically involves accounting for all debts, assessing income and budget, then negotiating interest rates and payments with lenders. DMPs are usually a managed, informal arrangement with creditors. Reputable credit counseling organizations employ counselors who are certified and trained in consumer credit, money [...]
