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It's altogether possible that Bankruptcy can be effectively used to eliminate or reduce your credit card, medical bills or other debt (known as "unsecured debt"), depending upon your complete financial situation and the type of Bankruptcy you can file, while still...
While every situation is different, a Chapter 13 Bankruptcy is usually quite effective for situations where you've fallen behind on your mortgage or other debt payments due to a temporary setback, such as loss of employment or illness, which has since been resolved....
Thinking about using a debt consolidation service or dealing directly with your creditors to reduce or settle your debt?You may want to think again.If you work out a deal to reduce or settle your debts, you may fall victim to a little known IRS provision known as...