More Good Examples of How Bankruptcy Really Helps Even When You Can’t Write Off Every Debt
Three more practical ways that bankruptcy works to let you take control of your debts, even those that can’t be written off.
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Three more practical ways that bankruptcy works to let you take control of your debts, even those that can’t be written off.
Here’s how bankruptcy actually works, and works well, even when a significant debt or two can’t be written off.
Don’t disregard bankruptcy as an option just because it does not write off the debt which is your immediate headache. There’s likely some good medicine for that headache after all.
If you file bankruptcy, it’s okay to voluntarily repay any debt. But there can be unexpected consequences.
In bankruptcy it’s okay to FEEL differently towards some creditors than others. You can also sometimes ACT differently, but only if you very carefully follow the rules.
Yes, you have a moral obligation to pay your debts. But do you have higher moral obligations to release yourself from those debts?
If you are buying something on time and want to keep it, you often can do so for less money IF you bought it more than a year ago.
If you’re financially hurting this 4th of July, you may not exactly be feeling like this is a great country. But it is.
Even without mentioning the word “bankruptcy,” the most important court decision in years may still have a huge effect on future bankruptcies. How? Possibly by greatly reducing the need to file bankruptcies resulting from medical debts.
Bankruptcy saves your vehicle from immediate repossession. Whether you choose to file under Chapter 7 or 13 depends in part on how strong of a medicine you need for dealing with the back payments.
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