Don't Lose Your Assets To A Chapter 7 Bankruptcy Filing, Know Your Options Now

One alternative to a Chapter 7 bankruptcy filing is debt settlement

. With this debt relief option, you are actually expressing your desire to pay off your debt under negotiated terms. Most would see a Chapter 7 bankruptcy filing as a cop out. The easy way out, so to speak. With a debt settlement plan, you do not let go of your assets in order to pay off your loan. You or a debt settlement consultant will actually negotiate with your creditor to pay off your loan at discounted rates. Often, you will be asked to pay the reduced loan balance in lump sum. In some cases, you can ask to pay for the reduced loan balance within a few months. If you do not have enough money stashed away for this contingency, you can choose to liquidate certain assets. Or, you can set up a fund held in trust until you come up with a substantial amount in order to pay your creditors. Expert advice about how you can take advantage of debt settlement as a debt relief option is available over the internet. Find out about what your options are today before it is too late.

Don't Lose Your Assets To A Chapter 7 Bankruptcy Filing, Know Your Options Now

By: Herschel Bentley

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