Are There Other Alternatives to Bankruptcy?
Using alternatives to bankruptcy, managing your debt effectively and reducing your overbearing obligations in a timely manner requires careful thought, proper planning and a personal commitment to solve your credit problems. It also requires one more thing: Money!
All the planning, management and commitment on the planet will not result in reducing your outstanding debt without the necessary funds to make your program work. Borrowing more money, even with better interest and payment terms, still leaves you with some level of debt that must be managed to your benefit. So you might want to consider turning some of your available assets, particularly non-income producing ones, into cash. This will give you the ability to pay off your outstanding obligations, whether at full value or at a discounted amount. If you have items like a stamp collection, little used or displayed antiques or paintings, a time share you seldom use, or any other assets that are not part of your current income picture, turning them into much needed cash may provide you all the resources you need to solve your credit problems without declaring bankruptcy.
Bankruptcy Frequently Asked Questions
How can I avoid bankrupcy?
What Is the Most Important Factor in Selecting Bankruptcy Lawyers?
What Should It Cost to Consult a Bankruptcy Lawyer?
I Live in New Jersey. Should I Select New Jersey Bankruptcy Lawyers or New York Bankruptcy Lawyers?
What Should It Cost to Use Bankruptcy Lawyers?
What Other Services Might Bankruptcy Lawyers Provide?
Can Personal Bankruptcy Lawyers Help Me Keep Some Assets?
What Tactics Are Collectors Legally Prohibited From Using?
If I Am a Victim of Creditor Harassment, What Can I Do?
Can a Collector Use E-mail or Faxes to Harass Me?
What Should One Say in a Cease and Desist Letter?
How Do I Know If I'm Being Illegally Harassed?
What Is the Easiest Way to Access Bankruptcy Records?
Is There a Source of Accessing Public Bankruptcy Records by State?
Are My Bankruptcy Records Available to the Public?
Can Recent Bankruptcy Filings Be Accessed Online?
How Long Do Bankruptcy Records Remain on Someoneís Credit File?
What Information Do I Need to Do a Bankruptcy Record Search?
If I Own a Home, Are There Alternatives to Bankruptcy?
Are There Alternatives to Bankruptcy If I Don't Own a Home?
Why Would a Credit Card Company Agree to Lower Payments Or a Settlement?
Why Would a Mortgage Lender Agree to Reduced Monthly Payments?
Should I Use a Debt Reduction or Debt Consolidation Firm As an Alternative to Bankruptcy?
Should I Use an Attorney to Negotiate a Debt Reduction Plan As an Alternative to Bankruptcy?
Should I Use a Non-Profit Debt Counseling Firm?
Are There Other Alternatives to Bankruptcy?
What Is Federal Bankruptcy Court?
What Bankruptcy Court Information Should I Know?
Is the Same Court Used for Chapter 7 and Chapter 13 Bankruptcy?
Does the Recent Change in the Bankruptcy Law Affect the Federal Bankruptcy Court?
What Is a Bankruptcy?
What Bankruptcy Information Do I Need to Know?
Can I Get Good Information From a Bankruptcy Blog?
What Are Some Frequently Asked Questions About Bankruptcy?
What Are Bankruptcy Exemptions?
What Is Some Bankruptcy Terminology I Should Know?
What Are The Types of Bankruptcy?
What Is a Discharge in Bankruptcy?
Is There Recent Bankruptcy News of Which I Should Be Aware?
What Is Chapter 11 Bankruptcy?
Who Can File a Chapter 11 Bankruptcy?
What Is an Involuntary Bankruptcy?
How Does Chapter 11 Bankruptcy Differ From Chapter 7 or 13 Bankruptcy?
Do Recent Law Changes Affect Corporate Bankruptcy, Too?
What Is a Chapter 13 Bankruptcy?
How to file a Chapter 13 bankruptcy?
What Should I Do If I Live in Detroit and Want to File a Chapter 13?
What Should I Do If I Live in Michigan and Want to File a Chapter 13 Bankruptcy?
I Live in Oregon. What Are My Exemptions?
What Is a Chapter 13 Bankruptcy Discharge?
When Must My Creditors Stop Their Collection Activity?
Who Can File for a Chapter 13 Bankruptcy?
What Is a Chapter 7 Bankruptcy?
How Does One File for a Chapter 7 Bankruptcy?
Can I Get Information on Milwaukee Bankruptcy Lawyers?
Can I Get Information on Wisconsin Bankruptcy Lawyers?
Can I Get Information on Pennsylvania Bankruptcy Lawyers?
What is a Chapter 7 Bankruptcy Discharge?
What Are Chapter 7 Bankruptcy Exceptions?
What Are Chapter 7 Bankruptcy Trustees?
Is There a Credit Life After Bankruptcy?
How Do I Build Credit After Bankruptcy?
What Is the Possibility of Buying a Home After Bankruptcy?
Can I Get a Car Loan After Bankruptcy?
Can I Get a Mortgage After Bankruptcy?
What About Renting After Bankruptcy?
How Do I Establish Bank Accounts After Bankruptcy?
What Is an After Bankruptcy Credit Card?
What Happens to My Credit Score After Bankruptcy?
What Type of Loans After Bankruptcy Are Available?
How Will Illinois Bankruptcy Lawyers Help Me?
How Will Chicago Bankruptcy Lawyers Help Me?
How Will Texas Bankruptcy Lawyers Help Me?
How Will Washington Bankruptcy Lawyers Help Me?
Can I File Bankruptcy Online?
How Do I File for Bankruptcy?
What Property Exemptions Do I Have in California?
I Live In Colorado and Have a Partner in Real Estate Who Wants to Declare Bankruptcy. What Can I Do?
I Live Near Denver. Where Do I File For Bankruptcy?
How Do I File For Bankruptcy in Florida As I Own a Home?
I Am Totallly Confused About Los Angeles Bankruptcy Exemptions. What Should I Do?
I Live in Miami and Need to File for Bankruptcy. What Should I Do?
If I Have Lots of Old Debts and Live in the Bay Area of CA, What Should I Do?
What Are the Basic Personal Bankruptcy Laws?
What Are the Recent Bankruptcy Law Changes Iíve Heard About?
What Is Bankruptcy Law Reform and How Does It Affect Me?
What Are the Benefits of Bankruptcy?
Can I Save My Home by Declaring Bankruptcy?
Can I Keep My Car If I Claim Bankruptcy?
Can I Declare Bankruptcy to Eliminate Medical Bills?
Can I File Bankruptcy If I Lose My Job?
Will Collection Activity Stop If I Declare Bankruptcy?
Can I File Bankruptcy to Help With My Student Loans?
What Will Happen to Child Support Payments If My Ex-spouse Declares Bankruptcy?
Are Property Settlement Items Dischargeable in a Bankruptcy After Divorce?
What Debts Cannot Be Discharged in a Divorce Bankruptcy?
How Can I Protect Myself in a Divorce If My Spouse Owes Debts and Might Declare Bankruptcy?
How Does the Court Decide What Is Support and What is Property Settlement in a Divorce and Bankruptcy Situation?
I Think My Ex-spouse Might Declare Bankruptcy After Divorce. Is There Any Way to Protect My Support and Alimony Payments?
Is there anything good that can come from filing bankruptcy?
My mortgage is three months behind. Do I have to file bankruptcy?
Which bankruptcy filing is right for me?