My spouse is in bankruptcy and I am currently unemployed & unable to find a job. I was recently sued and I thought that maybe my spouse could borrow from his profit sharing to settle the debt and pay him self back or with my potential job offers coming in I could pay what he borrowed to help settle my judgement case because I don't want it to grow with interest. My spouse flat out refused & said that while he is in bankruptcy the Trustee may decide any day to just dismiss his bankruptcy so he is saving his money in his profit sharing just in case he needs to use all ofit to save his house. I was hurt but I understand. Can a Trustee make a financial plan with you for X amount to be taken out of your check each week and then just say one day your dismissed? He has been in Bankruptcy for one full year and no I could not file with him. What would get you dismissed from bankruptcy?
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.