I am getting ready to go through the daunting task of filing for chapter 7 bankruptcy. I am preparing some of the paperwork I have to take to my first meeting, such as a list of all my creditors. I was wondering if anyone knows if I should include the illegal payday loans that are trying to collect from me right now? My lawyer said to include everything, although I did not think to ask him about the illegal payday loans. Thanks!
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.