The New Bankruptcy Laws - Truth about the unconstitutional new BK law changes. On April 20, 2005, George Bush signed the new "Bankruptcy Abuse and Consumer Protection Act" into law.
Bankruptcy Abuse? Do you know anyone personally who has abused the Bankruptcy laws, and are consumers really protected? Or, should this new bankruptcy bill be called the "Abuse the Consumer and Protect the Fraudulent Banks Act"?
We'll soon see...
In order to understand these unfair new bankruptcy laws, and to help you see that you must avoid bankruptcy, lets cover the original purpose of the BK laws.
According to U.S. Bankruptcy Courts, the primary purpose of the old bankruptcy Chapter 7, bankruptcy Chapter 11 and bankruptcy Chapter 13 laws were: 1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and 2) to repay banks and creditors in an orderly manner to the extent that the debtor has property available for payment.
Apparently the primary purpose of the new credit card bank BK laws is: 1) to repay banks and creditors in an orderly manner to the extent that the debtor has property available for payment.
However, with the new BK laws, giving an honest debtor a "fresh start" in life by relieving the debtor of most debts has been done away with.
The finance companies and credit card banks all blame the necessity of the bankruptcy changes on the .003% of abusers of the old bankruptcy laws.
Sponsors of the bill claim that most bankruptcy personal cases involve irresponsible spenders who have shopped or gambled their money away and now do not wish to pay their creditors so the new BK legislation, will eliminate "filing bankruptcy for convenience".
There is NOTHING further from the truth then these claims alleged by the credit card banks and finance companies. And, as you dig deeper into these pages, you'll see who's really abusing who in America's credit, finance and banking game.
They claim that bankruptcy costs the credit card banks billions of dollars each year and that those costs are passed on to customers in the form of higher interest rates.
That of course would be true if the credit card banks were actually lending any of their own money, or their customer's deposited money. For more details, read our page a history of money and banking secrets that banks don't want published.
And, by making bankruptcy filings harder for those with financial trouble, legislators say that more people will pay their bills, the credit card companies will save billions of dollars, and the resulting savings will be passed on to consumers in the form of lower interest rates.
We've never ever heard of a credit card company lowering interest rates voluntarily, and we know they never will.
New Bankruptcy Law Highlights
The key highlights of the credit card banks new bankruptcy laws are:
The new bankruptcy laws apply a means test for people filing bankruptcy. If a debtor has at least $100 per month left over after an IRS determined monthly expense plan, (can you picture that?) the debtor will be forced to file Chapter 13 and pay for five years.
Just imagine life after bankruptcy now.
They will not be able to file Chapter 7 of the Federal bankruptcy code, which would have eliminated all of their unsecured debt.
There are no provisions in the bankruptcy law for debt problems caused by job loss, illness or other traumatic events, despite studies that show that these are the cause of most bankruptcy cases.
Can you say Debt Slave?
With these new, credit card BK laws, attorneys are now responsible for the accuracy of paperwork filed by their clients. So in other words, your attorney must now search your dresser drawers for those hidden family heirlooms.
This will no doubt result in fewer bankruptcy attorneys, with the remaining ones raising their fees in order to cover this additional liability.
With the new bankruptcy laws most consumers are now completely unprotected from losing a job or having medical problems. They can no longer start over by filing for bankruptcy Chapter 7.
They will have less affordable help from capable BK attorneys due to the new bankruptcy law liability stipulation.
Giving an honest debtor a "fresh start" in life by relieving the debtor of most debts has been done away with completely thanks to the new bankruptcy laws.
However an amazing discovery has been made that you cannot miss learning about. Now that you must avoid bk as there is no PROTECTION for consumers provided by the new Bankruptcy Abuse and Consumer Protection Act if filing bankruptcy under the new bankruptcy laws.
Mark A. Cella, Founder of the Federal Debt Relief System
Friday, December 19, 2008
New Bankruptcy Laws - Why You Must Avoid Bankruptcy Now?
The New Bankruptcy Laws - Truth about the unconstitutional new BK law changes. On April 20, 2005, George Bush signed the new "Bankruptcy Abuse and Consumer Protection Act" into law.
Bankruptcy Abuse? Do you know anyone personally who has abused the Bankruptcy laws, and are consumers really protected? Or, should this new bankruptcy bill be called the "Abuse the Consumer and Protect the Fraudulent Banks Act"?
We'll soon see...
In order to understand these unfair new bankruptcy laws, and to help you see that you must avoid bankruptcy, lets cover the original purpose of the BK laws.
According to U.S. Bankruptcy Courts, the primary purpose of the old bankruptcy Chapter 7, bankruptcy Chapter 11 and bankruptcy Chapter 13 laws were: 1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and 2) to repay banks and creditors in an orderly manner to the extent that the debtor has property available for payment.
Apparently the primary purpose of the new credit card bank BK laws is: 1) to repay banks and creditors in an orderly manner to the extent that the debtor has property available for payment.
However, with the new BK laws, giving an honest debtor a "fresh start" in life by relieving the debtor of most debts has been done away with.
The finance companies and credit card banks all blame the necessity of the bankruptcy changes on the .003% of abusers of the old bankruptcy laws.
Sponsors of the bill claim that most bankruptcy personal cases involve irresponsible spenders who have shopped or gambled their money away and now do not wish to pay their creditors so the new BK legislation, will eliminate "filing bankruptcy for convenience".
There is NOTHING further from the truth then these claims alleged by the credit card banks and finance companies. And, as you dig deeper into these pages, you'll see who's really abusing who in America's credit, finance and banking game.
They claim that bankruptcy costs the credit card banks billions of dollars each year and that those costs are passed on to customers in the form of higher interest rates.
That of course would be true if the credit card banks were actually lending any of their own money, or their customer's deposited money. For more details, read our page a history of money and banking secrets that banks don't want published.
And, by making bankruptcy filings harder for those with financial trouble, legislators say that more people will pay their bills, the credit card companies will save billions of dollars, and the resulting savings will be passed on to consumers in the form of lower interest rates.
We've never ever heard of a credit card company lowering interest rates voluntarily, and we know they never will.
New Bankruptcy Law Highlights
The key highlights of the credit card banks new bankruptcy laws are:
The new bankruptcy laws apply a means test for people filing bankruptcy. If a debtor has at least $100 per month left over after an IRS determined monthly expense plan, (can you picture that?) the debtor will be forced to file Chapter 13 and pay for five years.
Just imagine life after bankruptcy now.
They will not be able to file Chapter 7 of the Federal bankruptcy code, which would have eliminated all of their unsecured debt.
There are no provisions in the bankruptcy law for debt problems caused by job loss, illness or other traumatic events, despite studies that show that these are the cause of most bankruptcy cases.
Can you say Debt Slave?
With these new, credit card BK laws, attorneys are now responsible for the accuracy of paperwork filed by their clients. So in other words, your attorney must now search your dresser drawers for those hidden family heirlooms.
This will no doubt result in fewer bankruptcy attorneys, with the remaining ones raising their fees in order to cover this additional liability.
With the new bankruptcy laws most consumers are now completely unprotected from losing a job or having medical problems. They can no longer start over by filing for bankruptcy Chapter 7.
They will have less affordable help from capable BK attorneys due to the new bankruptcy law liability stipulation.
Giving an honest debtor a "fresh start" in life by relieving the debtor of most debts has been done away with completely thanks to the new bankruptcy laws.
However an amazing discovery has been made that you cannot miss learning about. Now that you must avoid bk as there is no PROTECTION for consumers provided by the new Bankruptcy Abuse and Consumer Protection Act if filing bankruptcy under the new bankruptcy laws.
Mark A. Cella, Founder of the Federal Debt Relief System
Bankruptcy Abuse? Do you know anyone personally who has abused the Bankruptcy laws, and are consumers really protected? Or, should this new bankruptcy bill be called the "Abuse the Consumer and Protect the Fraudulent Banks Act"?
We'll soon see...
In order to understand these unfair new bankruptcy laws, and to help you see that you must avoid bankruptcy, lets cover the original purpose of the BK laws.
According to U.S. Bankruptcy Courts, the primary purpose of the old bankruptcy Chapter 7, bankruptcy Chapter 11 and bankruptcy Chapter 13 laws were: 1) to give an honest debtor a "fresh start" in life by relieving the debtor of most debts, and 2) to repay banks and creditors in an orderly manner to the extent that the debtor has property available for payment.
Apparently the primary purpose of the new credit card bank BK laws is: 1) to repay banks and creditors in an orderly manner to the extent that the debtor has property available for payment.
However, with the new BK laws, giving an honest debtor a "fresh start" in life by relieving the debtor of most debts has been done away with.
The finance companies and credit card banks all blame the necessity of the bankruptcy changes on the .003% of abusers of the old bankruptcy laws.
Sponsors of the bill claim that most bankruptcy personal cases involve irresponsible spenders who have shopped or gambled their money away and now do not wish to pay their creditors so the new BK legislation, will eliminate "filing bankruptcy for convenience".
There is NOTHING further from the truth then these claims alleged by the credit card banks and finance companies. And, as you dig deeper into these pages, you'll see who's really abusing who in America's credit, finance and banking game.
They claim that bankruptcy costs the credit card banks billions of dollars each year and that those costs are passed on to customers in the form of higher interest rates.
That of course would be true if the credit card banks were actually lending any of their own money, or their customer's deposited money. For more details, read our page a history of money and banking secrets that banks don't want published.
And, by making bankruptcy filings harder for those with financial trouble, legislators say that more people will pay their bills, the credit card companies will save billions of dollars, and the resulting savings will be passed on to consumers in the form of lower interest rates.
We've never ever heard of a credit card company lowering interest rates voluntarily, and we know they never will.
New Bankruptcy Law Highlights
The key highlights of the credit card banks new bankruptcy laws are:
The new bankruptcy laws apply a means test for people filing bankruptcy. If a debtor has at least $100 per month left over after an IRS determined monthly expense plan, (can you picture that?) the debtor will be forced to file Chapter 13 and pay for five years.
Just imagine life after bankruptcy now.
They will not be able to file Chapter 7 of the Federal bankruptcy code, which would have eliminated all of their unsecured debt.
There are no provisions in the bankruptcy law for debt problems caused by job loss, illness or other traumatic events, despite studies that show that these are the cause of most bankruptcy cases.
Can you say Debt Slave?
With these new, credit card BK laws, attorneys are now responsible for the accuracy of paperwork filed by their clients. So in other words, your attorney must now search your dresser drawers for those hidden family heirlooms.
This will no doubt result in fewer bankruptcy attorneys, with the remaining ones raising their fees in order to cover this additional liability.
With the new bankruptcy laws most consumers are now completely unprotected from losing a job or having medical problems. They can no longer start over by filing for bankruptcy Chapter 7.
They will have less affordable help from capable BK attorneys due to the new bankruptcy law liability stipulation.
Giving an honest debtor a "fresh start" in life by relieving the debtor of most debts has been done away with completely thanks to the new bankruptcy laws.
However an amazing discovery has been made that you cannot miss learning about. Now that you must avoid bk as there is no PROTECTION for consumers provided by the new Bankruptcy Abuse and Consumer Protection Act if filing bankruptcy under the new bankruptcy laws.
Mark A. Cella, Founder of the Federal Debt Relief System
Life After Bankruptcy: 7 Tips To Get Your Life On Track After Bankruptcy
life in bankruptcy is not an unbearable phase if you look at it from a positive angle. If you found it unbearable, I'm sure you won't want to go through it again. While the court 'reorganizes' you by selling your personal assets to pay off your debts, so too you must reorganize your thoughts and look forward to live a life of prudence.
Here are 7 tips you can apply to get your life back on track as soon as possible so that you can find a way to return to a lifestyle of less financial worries and gradually break free from the shackles of an unpleasant past.
1) Seek sincere help. In modern societies where urbanites get too busy in their own lives, it is not surprising to have people whom you know suddenly turn their backs on you when you seek their assistance. It's like they are thinking, "I can't believe it. I've never been a bankrupt so why are you so deep in the dumps?" Forget about these people. Your immediate family will be the first to know your situation and only they can give you continued love and support. Make a checklist of names and how they can help you as much as what you can do for them, as well as (very) close friends whom you know can depend on.
2) Be responsible. And I mean REALLY responsible. Once bitten twice shy; don't get mired in debt again. You can blame on exorbitant increase in the cost of living, that business partner who sued you or the failing stock market but they are not going to say sorry anytime. It's time to take a critical look at your spending habits and evaluate them, understanding where you have wasted and invested your money. Do a monthly plan-and-review for your savings and expenditure. A very good hint of wastage is putting your money in places you don't know much of. Learn how to disengage from risks which you can't afford to get involved.
3) Get paid work immediately. Get your life productive again. There is no more greater blessing than learning to appreciate your ability to earn your keeps. Within your checklist, you should have a couple of people whom you can approach in this area. Leverage on your experience and expertise to make an offer of what you can contribute to their benefit.
4) Join a credit union. Such helpful organizations can offer loans which normal institutions like banks will not do otherwise, but make sure there's confidence on both sides that you can repay the loan.
5) Far too many people never had a concrete financial/retirement plan even though they know it's important. Engage a financial advisor to be your personal counsel. Set aside cash reserves for rainy days or emergencies. Find adequate insurance to protect your remaining assets and family. Avoid high-risk ventures or 'investments'.
6) Keep track of all debts due and paid to your creditors. Make sure your credit report is updated for the record.
7) Sharpen your financial literacy. Robert Kiyosaki, author of "Rich Dad, Poor Dad" is a strong advocate for personal fiancial education. You can always pick up financial literature along the way and think about how you may change the way you look at your wealth. You never know how truly rich people think differently about their money from the rest of us.
As the saying goes, "Time heal all wounds." It will take years to be a 'normal' person again, but once you know you have attained the discipline to practice good habits, there's no reason how you can fall back to the old self. As you become wiser, you can better inform others about the unhealthy influences of commercialism and consumerism.
Justin Koh is a freelance writer whose articles have appear in most major ezines. You can find his latest bankruptcy news and articles at http://www.bankruptcycentral.info
You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated
Here are 7 tips you can apply to get your life back on track as soon as possible so that you can find a way to return to a lifestyle of less financial worries and gradually break free from the shackles of an unpleasant past.
1) Seek sincere help. In modern societies where urbanites get too busy in their own lives, it is not surprising to have people whom you know suddenly turn their backs on you when you seek their assistance. It's like they are thinking, "I can't believe it. I've never been a bankrupt so why are you so deep in the dumps?" Forget about these people. Your immediate family will be the first to know your situation and only they can give you continued love and support. Make a checklist of names and how they can help you as much as what you can do for them, as well as (very) close friends whom you know can depend on.
2) Be responsible. And I mean REALLY responsible. Once bitten twice shy; don't get mired in debt again. You can blame on exorbitant increase in the cost of living, that business partner who sued you or the failing stock market but they are not going to say sorry anytime. It's time to take a critical look at your spending habits and evaluate them, understanding where you have wasted and invested your money. Do a monthly plan-and-review for your savings and expenditure. A very good hint of wastage is putting your money in places you don't know much of. Learn how to disengage from risks which you can't afford to get involved.
3) Get paid work immediately. Get your life productive again. There is no more greater blessing than learning to appreciate your ability to earn your keeps. Within your checklist, you should have a couple of people whom you can approach in this area. Leverage on your experience and expertise to make an offer of what you can contribute to their benefit.
4) Join a credit union. Such helpful organizations can offer loans which normal institutions like banks will not do otherwise, but make sure there's confidence on both sides that you can repay the loan.
5) Far too many people never had a concrete financial/retirement plan even though they know it's important. Engage a financial advisor to be your personal counsel. Set aside cash reserves for rainy days or emergencies. Find adequate insurance to protect your remaining assets and family. Avoid high-risk ventures or 'investments'.
6) Keep track of all debts due and paid to your creditors. Make sure your credit report is updated for the record.
7) Sharpen your financial literacy. Robert Kiyosaki, author of "Rich Dad, Poor Dad" is a strong advocate for personal fiancial education. You can always pick up financial literature along the way and think about how you may change the way you look at your wealth. You never know how truly rich people think differently about their money from the rest of us.
As the saying goes, "Time heal all wounds." It will take years to be a 'normal' person again, but once you know you have attained the discipline to practice good habits, there's no reason how you can fall back to the old self. As you become wiser, you can better inform others about the unhealthy influences of commercialism and consumerism.
Justin Koh is a freelance writer whose articles have appear in most major ezines. You can find his latest bankruptcy news and articles at http://www.bankruptcycentral.info
You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated
Bankruptcy Alternatives - 5 Ways to Avoid Bankruptcy
What you are about to read may stop you making the biggest mistake of your financial life.
In today's debt ridden society many people are in severe financial difficulties, often for reasons outside their control. Bankruptcy for many, is the last step in a long road of financial pressures but many opt for this solution too early and without considering suitable bankruptcy alternatives. Whilst bankruptcy may get rid of the immediate pressures it isn't necessarily the end of the problems.
When you file for bankruptcy your life becomes an open book for the court appointed bankruptcy officials. They will pry into all aspects of your life and you will be required to provide all your financial information, including bank accounts, savings, investments and assets. Anything that can be sold or converted to cash, including your family home and any valuable contents, will be disposed of and you may still have part of your income deducted from your salary to pay some of your debts.
But there are bankruptcy alternatives that may be less painful for many. Here I've listed 5 bankruptcy alternatives
1. Negotiate with your creditors.
When you get into difficulties you should contact your creditors as soon as possible. Contacting them sends a signal that you want to repay them.
Lenders are anxious to get their money back and sometimes they will go to great lengths to help you. They may be prepared to re-finance your debt to have it paid over a longer period with lower installments.
They will often be prepared to reduce or freeze the interest rate and will even cut the balance owing, sometimes up to 75%.
2. Refinance your mortgage.
If you have a property, which you own outright or on a mortgage, there is the real possibility of you being able to refinancing your debts using a secured mortgage or re mortgage.
Refinancing your debts involves taking out a new mortgage, or an additional mortgage. Some lenders will lend up to 125% of the property value allowing you to pay all your outstanding debt and may even have some spare cash to treat yourself.
As the new loan is repayable over a long period of time (often 25 - 35 years) the monthly repayments are significantly lower than with short term debt and should be far more manageable
3. Refinance your debts using a debt consolidation loan.
Debt consolidation is where you take a new unsecured loan and use the funds to pay off your outstanding debts. Debt consolidation loans are repayable over a longer term at a relatively low interest rate and as a result the monthly repayments are lower. If the loan is secured on your property then the interest rate and payments may be even lower.
4. Sell your home and downsize.
One of the easiest ways to get out of debt is to sell your house or apartment and downsize or move into rented accommodation. The surplus cash can then be used to pay your debts and you can continue with your life without the pressure.
Selling up and moving home is, however, a difficult and often painful option. If you do sell however. you can determine the price and remain in control. If the house falls into bankruptcy, you lose control and the house may be sold byyour mortgagor at auction for a price often considerably less than the price you can obtain in a normal sale.
5. A formal arrangement with your creditors.
A formal arrangement with your creditors can often be negotiated by specialist debt management companies and is filed with the courts. These arrangements are for 5 years. You pay an agreed amount each week or month to the debt management company and it is then divided between your creditors. While you continue to pay they are prevented from approaching you.
After the 5 year period is over any balance still owing is wiped out and you are free to live your life free of debt. If however you break the arrangement the normal result is bankruptcy.
As you can see, there are several sound bankruptcy alternatives for you to choose from. Everybody is under financial pressure from time to time, however you should not compound your problems by declaring bankruptcy too soon. Instead, choose the bankruptcy alternative that sounds the best for your particular situation and start working to repair your credit now.
Using a bankruptcy alternative means that in a few years you will have rebuilt your credit and will be back on track, whereas with bankruptcy it could be ten years before you can get back to normal.
About the Author
John Edmond worked for many years in insurance and finance and now writes on credit card management at Credit Card Debt. Go to and Seven ways to get out of credit card debt for another article on credit card debt.
John Edmond is 51 and lives in Manchester in the UK and worked in insurance and finance for many years. He recently returned to education and graduated university with a degree in
In today's debt ridden society many people are in severe financial difficulties, often for reasons outside their control. Bankruptcy for many, is the last step in a long road of financial pressures but many opt for this solution too early and without considering suitable bankruptcy alternatives. Whilst bankruptcy may get rid of the immediate pressures it isn't necessarily the end of the problems.
When you file for bankruptcy your life becomes an open book for the court appointed bankruptcy officials. They will pry into all aspects of your life and you will be required to provide all your financial information, including bank accounts, savings, investments and assets. Anything that can be sold or converted to cash, including your family home and any valuable contents, will be disposed of and you may still have part of your income deducted from your salary to pay some of your debts.
But there are bankruptcy alternatives that may be less painful for many. Here I've listed 5 bankruptcy alternatives
1. Negotiate with your creditors.
When you get into difficulties you should contact your creditors as soon as possible. Contacting them sends a signal that you want to repay them.
Lenders are anxious to get their money back and sometimes they will go to great lengths to help you. They may be prepared to re-finance your debt to have it paid over a longer period with lower installments.
They will often be prepared to reduce or freeze the interest rate and will even cut the balance owing, sometimes up to 75%.
2. Refinance your mortgage.
If you have a property, which you own outright or on a mortgage, there is the real possibility of you being able to refinancing your debts using a secured mortgage or re mortgage.
Refinancing your debts involves taking out a new mortgage, or an additional mortgage. Some lenders will lend up to 125% of the property value allowing you to pay all your outstanding debt and may even have some spare cash to treat yourself.
As the new loan is repayable over a long period of time (often 25 - 35 years) the monthly repayments are significantly lower than with short term debt and should be far more manageable
3. Refinance your debts using a debt consolidation loan.
Debt consolidation is where you take a new unsecured loan and use the funds to pay off your outstanding debts. Debt consolidation loans are repayable over a longer term at a relatively low interest rate and as a result the monthly repayments are lower. If the loan is secured on your property then the interest rate and payments may be even lower.
4. Sell your home and downsize.
One of the easiest ways to get out of debt is to sell your house or apartment and downsize or move into rented accommodation. The surplus cash can then be used to pay your debts and you can continue with your life without the pressure.
Selling up and moving home is, however, a difficult and often painful option. If you do sell however. you can determine the price and remain in control. If the house falls into bankruptcy, you lose control and the house may be sold byyour mortgagor at auction for a price often considerably less than the price you can obtain in a normal sale.
5. A formal arrangement with your creditors.
A formal arrangement with your creditors can often be negotiated by specialist debt management companies and is filed with the courts. These arrangements are for 5 years. You pay an agreed amount each week or month to the debt management company and it is then divided between your creditors. While you continue to pay they are prevented from approaching you.
After the 5 year period is over any balance still owing is wiped out and you are free to live your life free of debt. If however you break the arrangement the normal result is bankruptcy.
As you can see, there are several sound bankruptcy alternatives for you to choose from. Everybody is under financial pressure from time to time, however you should not compound your problems by declaring bankruptcy too soon. Instead, choose the bankruptcy alternative that sounds the best for your particular situation and start working to repair your credit now.
Using a bankruptcy alternative means that in a few years you will have rebuilt your credit and will be back on track, whereas with bankruptcy it could be ten years before you can get back to normal.
About the Author
John Edmond worked for many years in insurance and finance and now writes on credit card management at Credit Card Debt. Go to and Seven ways to get out of credit card debt for another article on credit card debt.
John Edmond is 51 and lives in Manchester in the UK and worked in insurance and finance for many years. He recently returned to education and graduated university with a degree in
How to Avoid Bankruptcy and the New Bankruptcy Laws
Now, how to avoid bankruptcy? Find out how millions of others are becoming DEBT FREE while avoiding BK. Here you'll find a brief summary of the worthwhile options on avoiding bankruptcy, saving your credit, and accomplishing financial freedom.
You already know that life after bankruptcy would be the same or worse than before filing for bankruptcy, so we've compiled everything you need to know on how to avoid bankruptcy altogether.
How to Avoid Bankruptcy - Your Top Choices:
1) Find a Debt Management Solution Enrolling in a solid debt management solution that is very successful can truly help you avoid bankruptcy. Although, there are only a few types. Bank sponsored programs like Debt Consolidation or Consumer Credit Counseling are no better than filing bankruptcy. Debt Negotiation or Debt Settlement should only be used to settle medical, utility, or other non banking type bills. Debt Termination or Debt Cancellation has recently become the #1 proven way to wipe out your unsecured bank loans or credit card debt.
2) Get a Debt Consolidation Loan Most American's choose this option to avoid BK first if they are still current on existing loans, or are just about to get behind. Most of the time the option is exhausted before anyone even considers alternatives to bankruptcy.
3) Limit Borrowing and Reduce Debt This is a great option to avoid bankruptcy. Of course it's easier said then done, and that's most likely why you're here.
4) Ask Friends & Family for Debt Help Borrowing at zero interest from friends or family if possible is one way to get debt help. Selling off your assets, or bartering something you have or can trade for debt relief to avoid bankruptcy is another option.
5) Get FREE Government Money While this seems to be a highly searched term on the web and sounds very patriotic, it is highly unlikely that Uncle Sam will be giving out Free Government Money that doesn't need to be repaid, and if he were, we probably wouldn't receive it in time to save ourselves in the moment.
6) You Can Get Out of Credit Card Debt The number one way how to avoid bankruptcy is to eliminate credit card debt and most other unsecured debt. We know it may sound easier said then done. It is now, in fact, easier to do than you could ever imagine.
How to Avoid Bankruptcy - Banks Do Not Lend Their Own Money
The truth is, banks and finance companies do not lend you any of their own, their depositor's, or investor's money.
Once you learn the truth, we know you will be astonished. And no matter what, you will learn how to avoid bankruptcy for the rest of your life, we're sure that's worth knowing.
Mark A. Cella, Founder/CEO of the Federal Debt Relief System. No matter what situation you are in, no matter what you may think or believe, if you really want to know how to avoid bankruptcy you must read "Discovered - An Amazing Way to Wipe Out Debt" in full as it explains exactly where banks get the money they supposedly loan you.
You already know that life after bankruptcy would be the same or worse than before filing for bankruptcy, so we've compiled everything you need to know on how to avoid bankruptcy altogether.
How to Avoid Bankruptcy - Your Top Choices:
1) Find a Debt Management Solution Enrolling in a solid debt management solution that is very successful can truly help you avoid bankruptcy. Although, there are only a few types. Bank sponsored programs like Debt Consolidation or Consumer Credit Counseling are no better than filing bankruptcy. Debt Negotiation or Debt Settlement should only be used to settle medical, utility, or other non banking type bills. Debt Termination or Debt Cancellation has recently become the #1 proven way to wipe out your unsecured bank loans or credit card debt.
2) Get a Debt Consolidation Loan Most American's choose this option to avoid BK first if they are still current on existing loans, or are just about to get behind. Most of the time the option is exhausted before anyone even considers alternatives to bankruptcy.
3) Limit Borrowing and Reduce Debt This is a great option to avoid bankruptcy. Of course it's easier said then done, and that's most likely why you're here.
4) Ask Friends & Family for Debt Help Borrowing at zero interest from friends or family if possible is one way to get debt help. Selling off your assets, or bartering something you have or can trade for debt relief to avoid bankruptcy is another option.
5) Get FREE Government Money While this seems to be a highly searched term on the web and sounds very patriotic, it is highly unlikely that Uncle Sam will be giving out Free Government Money that doesn't need to be repaid, and if he were, we probably wouldn't receive it in time to save ourselves in the moment.
6) You Can Get Out of Credit Card Debt The number one way how to avoid bankruptcy is to eliminate credit card debt and most other unsecured debt. We know it may sound easier said then done. It is now, in fact, easier to do than you could ever imagine.
How to Avoid Bankruptcy - Banks Do Not Lend Their Own Money
The truth is, banks and finance companies do not lend you any of their own, their depositor's, or investor's money.
Once you learn the truth, we know you will be astonished. And no matter what, you will learn how to avoid bankruptcy for the rest of your life, we're sure that's worth knowing.
Mark A. Cella, Founder/CEO of the Federal Debt Relief System. No matter what situation you are in, no matter what you may think or believe, if you really want to know how to avoid bankruptcy you must read "Discovered - An Amazing Way to Wipe Out Debt" in full as it explains exactly where banks get the money they supposedly loan you.
Subscribe to:
Posts (Atom)
