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Are there any alternatives to bankruptcy?

Updated: 8/16/2019
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17y ago

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Best idea is to return the stuff you bought because you obviously can't afford it and then get a job and pay the rest.

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17y ago
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Q: Are there any alternatives to bankruptcy?
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What Bankruptcy Alternatives available for consumers?

There are a number of bankruptcy alternatives available for consumers in search of debt relief. It is very important to know and understand the differences. Total Debt Services is capable of assisting you with multiple debt relief options and help you make the right choice for your situation. Due to changes in bankruptcy laws, consumers are seeking bankruptcy alternatives such as debt settlement, Credit Card Counseling and Debt Consolidation to get out of debt. Call now to speak with one of the debt analysts of totaldebtservices.com or click to fill out an online submission form to have them contact you.. source: http://www.totaldebtservices.com/


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Will you lose your house if you consider bankruptcy?

You can keep the house if you pay the enquity in your house to the trustee and if the mortgage company itself agrees. You can also consider some bankruptcy alternatives read more herehttp://www.totaldebtservices.com/bankruptcy_alternatives.asp


Can you hold your passport after you get declared bankruptcy?

A bankruptcy filing or discharge in bankruptcy should not have any effect on your US passport.


What are the alternatives to filing for bankruptcy?

One option to avoid filing bankruptcy is to simply do nothing. If one has no income and no assets, they are considered "judgement proof" and typically creditors will not file legal action against them as there is nothing for the creditors to recover. Other alternatives include informal or formal negotiations with one's creditors, consolidating debt, or restructuring debt (essentially refinancing the original loan).


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Are there any penalties or fines for selling your home after bankruptcy?

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How many NAPA auto parts stores went into bankruptcy?

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