Debt and Bankruptcy
Bankruptcy Law

Are there any alternatives to bankruptcy?

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Answered 2007-01-18 23:19:40

Best idea is to return the stuff you bought because you obviously can't afford it and then get a job and pay the rest.

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There are a number of bankruptcy alternatives available for consumers in search of debt relief. It is very important to know and understand the differences. Total Debt Services is capable of assisting you with multiple debt relief options and help you make the right choice for your situation. Due to changes in bankruptcy laws, consumers are seeking bankruptcy alternatives such as debt settlement, Credit Card Counseling and Debt Consolidation to get out of debt. Call now to speak with one of the debt analysts of or click to fill out an online submission form to have them contact you.. source:

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A bankruptcy has nothing to do with marriage. You can get married at any time.

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You can keep the house if you pay the enquity in your house to the trustee and if the mortgage company itself agrees. You can also consider some bankruptcy alternatives read more here

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One option to avoid filing bankruptcy is to simply do nothing. If one has no income and no assets, they are considered "judgement proof" and typically creditors will not file legal action against them as there is nothing for the creditors to recover. Other alternatives include informal or formal negotiations with one's creditors, consolidating debt, or restructuring debt (essentially refinancing the original loan).

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