Yes so true you have to keep up with everything that's out there to have a surviving
chance and you would need a working plan at hand to counter with , it is good to
know how and where these free govt. Grants are and how to use them to our advantage,
we have to buy what works for us that will benefit a future .
A strong goal plan out , if it fall apart yes BANKRUPTCY is the choice for back up
it will free your hands from the strong hold and you can aid wealth into a whole
new portfolio with what they call INSURANCE , but if you get the wrong one you doom
so staying on top of everything plays a key role ....Man i feel you and know where
you coming from we all should get a piece of the American Pie to leave a nest egg
is not enough .
Brother $$RICH$$
Thank You your comments and your support is greatly appreciated.
The beauty of bankruptcy is the house can't be foreclosed on.
It is a delay on loss factor.
Call the debt relief group, a reputable one. List the bills with them, show them everything,
pay them nothing. Up front or after.
all they need to do is review. The have to issue you a cert.
Those in business you can trust are listed under HUD and other government agency's that help housing like Freddy Mac and Fanny Mae.. those twins.
When they declare you qualify for them to help you.
Ask them, have you satisfied the qualifications to now file for bankruptcy. You have. There is no need to go under the payment plan with them. Most don't send your payments in. They don't pay them on time. They mess your credit up worse. They lock you in for three years or more. There is more freedom in bankruptcy. You can have credit there. New credit cards can be applied for. You cant under a debt relief plan.
The debt relief people. They are the wolfish credit card people, set up under sheep's clothing.
They will give a certificate and then you go see an attorney. Pick a good one.
Do some research on line.. understand what can happen, and ask questions. if the attorney answers them choose them.
It will cost you about a grand to file. A seven will wipe out credit cards and unsecured loans. Stop wage garnishments and lawsuits.
In four or five years you can come out with better credit than you went in with.
Also
you can have credit cards while in. Keep the creditors you want, flush those you don't thru chapter 7 if possible. If you never had a card.. apply for a secured card. One that will give you credit increases as you show good payment habits.
Structure the rest like School Loans, IRS, and Mortgage and Car notes under 13.
The thing is
No one should be able to just put you out, on the streets because you are behind in this market banks and loan officers created. I know they set me up, i should have delayed.. but that is another story, so I take my share of responsibility. But the crust of this mess belongs back in their laps. Besides There is no loss. It is all taken care of for them as losses on their taxes. Like corporations write off every employees salary,all utility's and any travel cost and all entertainment expenses,company holiday party cost. There is a loop hole for everyone but us the average consumer.
More creditors will knock on your door after you file because you are free for the new setup and owe hardly anyone now.
