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Debtconsolidationcare.com - the USA consumer forum

Drowning

Date: Wed, 12/09/2009 - 13:24

Submitted by anonymous
on Wed, 12/09/2009 - 13:24

Posts: 202330 Credits: [Donate]

Total Replies: 4


I owe just a little under $234,000 over 20 accounts. It was no big thing when business was good, and it was good for a long time. Then when the credit crunch starteed business went in the toilet and my business plan with it. Now I am left with the debt, most of which I am personally on the hook for. My credit is either already shot or will be. If I stop making payment s to build us some cash to try to sellte with I'll be so late that my credit score will be in the single digets. Filing a chapt 13 seems a somewhat cleaner way to reslove this.


if its the score your worried about you miswell toss it out the window, we all agree hands down that no matter what you do in this situation your score is gonna go down the crapper. I would recommend 7 if you could be rid of it all, but 13 i agree is a bit complicated and if you default for whatever reason on a payment im under the understanding that the creditors can then try to sue you for the full balance again. Read up on settlement and bk there is some great articles here that may help you get a better understanding of all your options and maybe help you feel a little bit better about the right choice for you. good luck to you!


lrhall41

Submitted by love_my_things on Thu, 12/10/2009 - 10:58

( Posts: 1434 | Credits: )


love my things and others, Thanks for the thoughts,

I joined the forum as a member yesterday. Looks like I'll be at this for a good while and this forum has been very helpful so far.

Im meeting with an At early next month and will talk about the chapter 7 but I am pritty sure I have too much stuff. We will see what he has to say. From now on Ill be posting as Badabing. Thanks again for the help.


lrhall41

Submitted by Badabing on Fri, 12/11/2009 - 06:06

( Posts: 58 | Credits: )