subject: Debt Elimination - Why Creditors Will Agree to Eliminate Debt Balances [print this page] The companies will consolidate all the liabilities and bargains the amount with the credit card company. In this process, the company will waive off 50 to 70 percent of the liability. If a person files bankrupt, then there is no way for the company to get themoney. That is why they allow reduction of liabilities as there will be anincome, at least.
Debt Elimination - Why Creditors Will Agree to Eliminate Debt Balances
