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I'm 25 and have a lot of debt. Nothing seems to be working as far as payment plans to reduce it. It seems like the only option is to file bankruptcy. I can't afford the monthly payments. I need to get the creditors off my back. Please help!
11 ANSWERS
Benjamin Echols
Talk with a good bankruptcy layer about a chapter 7 bankruptcy.
Answered on Jul 07th, 2013 at 8:05 PM
Bankruptcy may or may not be your best solution.
Answered on Jun 27th, 2013 at 8:04 PM
Antoinette M. Wooten
Have you asked that your interest on the accounts be reduced? This may help. Are you paying only the minimum per month?
Answered on Jun 27th, 2013 at 1:00 PM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step.
Answered on Jun 27th, 2013 at 10:49 AM
Bankruptcy Attorney serving Charleston, SC
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Davis Law Firm
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Bankruptcy may be your best option, but, I am concerned that you are considering filing because the creditors are "on your back". It is impossible to stand on someone's back unless the person is lying down. Stand up and make sure the decisions you make are based on what is best for you and your future. Creditors do not cut off fingers etc, if they call you simply hang up and if they send you letters etc., you can use the paper to start the barbecue grill. You need to contact an attorney to determine how to achieve your goals. Remember that a creditor is going to do what is best for itself and you need to make sure that you do what is best for YOU.
Answered on Jun 26th, 2013 at 10:36 PM
There are many factors that go into making a decision whether bankruptcy is your best option.
Answered on Jun 26th, 2013 at 7:46 PM
Bankruptcy is not the only option, but every choice comes with a price. There is no free lunch, and to advise you would require a full evaluation of the details.
Answered on Jun 26th, 2013 at 7:46 PM
Chapter 7 Bankruptcy Attorney serving Appleton, WI
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Sisson & Kachinsky Law Offices
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Bankruptcy seems appropriate.
Answered on Jun 26th, 2013 at 12:52 PM
Bankruptcy Attorney serving Florissant, MO
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Law Offices of Thomas Corcoran Phipps
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If you want to get rid of your debt and get a fresh start, a chapter 7 is your best option. If you want to try to pay a portion of the debt, you can do a chapter 13 repayment plan.
Answered on Jun 26th, 2013 at 12:51 PM
Deborah F. Bowinski
Set up a consultation with an experienced bankruptcy attorney to review your options. Most bankruptcy attorneys will offer a no cost initial meeting. Without a whole lot more information it is impossible for anyone to know whether you have other realistic options.
Answered on Jun 26th, 2013 at 12:51 PM
General Practice Attorney serving Coeur d'Alene, ID
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Michael B. McFarland, PA
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Bankruptcy may not be your only option, but you should consult with an experienced bankruptcy attorney to find out what forms of relief are available.
Answered on Jun 26th, 2013 at 12:48 PM