Bankruptcy is no longer the best answer for a paying off your debts. Now you can choose debt settlement plans that achieve the same results-complete debt discharge -by completing a plan you design. You pay 50 percent of the total obligations over a time period you choose, and the remaining balances are wiped out. Instead of having the black mark of a bankruptcy on your credit report for ten years, you can begin to restore your credit immediately.
It is now harder than ever to file a bankruptcy and to obtain a discharge; the law now requires extensive credit counseling -twice! -before a discharge can be granted. Bankruptcy filing fees have dramatically increased as well. And the discharge follows you for ten years as a public record in your credit report. It is a factor creditors can see and take it into account in their decision about extending you credit for the next ten years - by law.
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Why is debt settlement an attractive option? Debt settlement plans exist today that allow you to choose debt settlement at a percentage you choose -with a 50% reduction in obligations guaranteed-and allow you to choose from 18 to 48 months to pay off all your obligations. The longer you choose to pay, the smaller the monthly payment you make.
The guarantees are offered by debt reduction plans because attorneys are used as your representatives. You have legal representation with its negotiating power work for you. Simply choose the time frame that is comfortable for you-extending your payment plan as fits your ability to settle quickly or conserve your cash with lower monthly payments.
The better plans include the processing fees for the program as a percentage of the scheduled payment under the debt settlement plan. They only require you to complete an application listing your debt and ask you to decide how much debt to pay off and how long you choose to complete the plan.
A debt settlement plan can now achieve the same results as a bankruptcy - complete debt reduction - and also reduce the impact on your credit report. It is an option that is well worth considering.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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