Posted on
March 23, 2010
at
12:47 am
could you advice please, what's best for a retiree - debt counseling or bankruptcy?
Posted on
March 23, 2010
at
1:16 am
Hi there,
"could you advice please, what's best for a retiree - debt counseling or bankruptcy?" - it would depend on what type of debt you are trying to eliminate, if it's unsecured - or credit card debt...might as well do debt counseling as bankruptcy is very tedious.
Posted on
March 23, 2010
at
2:24 am
I agree with golliwog with regards to debt counseling, however if you wish to file bankruptcy, you may want to see a financial adviser or a bankruptcy lawyer for assessment - to find out if you are insolvent, if which chapter is suitable for you, to see about exemptions, etc.
Posted on
March 23, 2010
at
4:07 am
Hello - since we do not know the specifics of your situation - here's a quick background on debt counseling. There are two types: (and these are only for unsecured debts like credit card) 1) Credit Counseling (deals with your interest rates) and then 2) Debt Settlement (deals with the balance itself) --- However, since I don't think that you're worried about your credit standing, filing bankruptcy might not be such a bad idea. Just make sure you get professional help.
Posted on
March 23, 2010
at
4:31 am
I agree - and know that in a Chapter 13 bankruptcy, you don't have to lose your properties, because it is a repayment plan. You also do not have to undergo that Means Test (income test for Chapter 7) ... because your income is your pension (I'm not sure if it's exempted in bankruptcy though...) - somebody please verify.
Posted on
March 23, 2010
at
4:48 am
If you are a veteran - you can visit this page -
http://www.va.gov/
Posted on
March 23, 2010
at
5:49 am
Debt counseling or bankruptcy - it's very hard to give advice or recommendation without knowing the particulars - and it's understandable that you don't want to share that online - the good news is that if you
fill out a form here at destroydebt.com you get to speak to a debt consultant FOR FREE and also be matched up to the right program/company for you.
Posted on
July 30, 2010
at
4:03 am
Please provide more information what type of debt you want to eliminate.
Posted on
August 10, 2010
at
8:59 pm
hi your information is not valid..just tell me about what type of investment you want..and do you want any loans
Posted on
August 10, 2010
at
11:37 pm
as i am not sure about your situations and what kind of debts your are dealing with..but for any assistance i would not recommend bankruptcy to you..go for the debt consolidation to any kind of debt problems...
