Filing for bankruptcy after consolidating credit cards pre populated dating site

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Debt management plans are offered by professional credit counseling agencies, which inform your creditors that they are assuming your accounts.Creditors normally report this to the credit bureaus.I cannot pay my bills right now, but I have a lot of money coming to me soon from a lawsuit, or a personal injury or workers compensation settlement, or a disability payment, etc. The basic idea goes like this: When honest people get into trouble, and if there is no real chance that they can pay off their debts on time, it is better to let them wipe out those debts (or to give them a realistic chance of paying them) than it is to let creditors take away all of their belonging and hound them forever. It is discussed in the Old Testament, (see Deuteronomy 15, and Leviticus 25), and has existed in one form or another throughout all of recorded history.Additionally, our star ratings are a mix of user feedback and Nerd Wallet’s independent evaluation which are independent of compensation.For a list of all of our advertising partners, click here' With so many websites offering free financial tools, it can be hard to know whom to trust.For some people, bankruptcy may be an appropriate option.In a bankruptcy, you may be able to eliminate some or all of your debts. Chapter 7 (where all eligible debt is eliminated) stays on your record for 10 years. And, during that time (especially in the first 3-5 years), you may find it virtually impossible to apply for any new credit.

A creditor or collector is not going to accept less than you owe if there’s reason to believe you could pay the full amount that you originally agreed to.The Bankruptcy laws actually contain the words "breathing room" and "fresh start," as ways of describing what the laws are supposed to do for you.The minute a bankruptcy case is filed, a court order is automatically issued which stops all of your creditors from bothering you.If you work in the financial services sector, you may find that bankruptcy will make it impossible to get a job. However, for some people, this may be the only option.I will give a few examples of people whom I have met, where bankruptcy made complete sense: The biggest reasons for bankruptcy are medical and divorce.

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