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Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits. What Do the Various Kinds of Bankruptcy Entail? There are many intricacies that set Chapter 7 and Chapter13Bankruptcy apart. What does each one mean?
If you are drowning in debt but aren’t sure which option is right for you, it can help to consult with an experienced lawyer. At Sawin & Shea, LLC, our attorneys have years of experience helping clients find relief from credit card debt. 5 Tips and Solutions for Managing Credit Card Debt. DebtSettlement.
When your voicemail is filled with messages from collectionagencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. Also, if you had a co-signer on any of your debt, they would now be responsible for the balance. DebtSettlement.
CollectionAgency Involvemen t: After being 90 days delinquent on a credit card payment, the company might send you to their collections department. This means you will be contacted (usually A LOT) by their debt collectors to arrange payment. Chapter13Bankruptcy , which helps you develop a debt repayment plan.
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