My husband and I are considering filing for Bankruptcy. We are well below the means test and just can not afford our bills since my husband lost his job and is now underemployed. We've tried for the past year and can not keep up. I actually filed as an individual in 2001 so we will have to wait a couple of months to do it.
I figure this is the perfect time to research and start working on the paperwork. We have no assets so this should be pretty simple.
I guess I'm looking for tips, tricks, advice, websites, personal experience, anything that you can share.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.