Debt Management
Debt Management
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Discharge of Debt by Bankruptcy
The most appealing aspect to filing for bankruptcy is the potential for a discharge of all or part of one’s debt. Obviously, whether a debt is dischargeable in full or in part depends largely on what type of bankruptcy...
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Unfortunately there are many companies seeking to make money from those who find themselves in financial difficulties. Debt relief scams generally promise to alleviate the situation by reducing debts and stopping creditors’ demands, but the reality is that these types of scams can in fact make the situation worse. The worst type of scam is organized criminal activity: they will take money...
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Bankruptcy Transfers: Preferential vs. Voidable
A bankruptcy trustee can recover assets transferred within one year of the bankruptcy filing where the debtor did not get reasonably equivalent value for the asset, or where the transfer...
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When a debt reaches a certain age, it becomes unenforceable by the creditor. However, this does not mean that demands for these debts will automatically stop: on the contrary, some debt collectors will buy old or ‘time-barred’ debts at very low cost and pursue debtors for payments. Often these debt collectors will use questionable and even illegal methods to try to retrieve money...
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There are many diverse methods of reducing and reassigning common consumer debt to more effectively manage available assets needed for payments while retaining sufficient funds for daily essential...
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Negotiating Debt and Settlement
Negotiating a reduction in pre-existing debt with a credit card company, a collection agency or other creditor may be a reasonable answer to save your credit rating while proactively promoting general emotional and physical wellbeing and peace...
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Consumer Debt Reduction Methods
There are many common consumer questions concerning reducing secured and unsecured debt. Following here are just a few of those questions with a brief response: