I’ve written about how some folks are drowning in debt. And, the methods one can employ to restructure one’s credit card bills. of course, that process means you will no longer have any credit cards at your disposal. (Unless you obtain what is called a secured credit card– where you provide $ 1000 deposit that “secures” your credit line of up to $ 1000. In essence, you can use a credit card only up to the amount of deposit you have with the bank or agency that issued your card.)
Tag Archives: creditors
Oops? This is way more than oops.
I apologize. This is a long post (almost 1300 words)- but I need to provide vital information so you can be protected. And, I didn’t want to split this over 2 posts.
Drowning in Debt?
This question comes up about once every six months. A client arrives at our door and wants help. They are overwhelmed with debt. Sometimes, it’s because they have this business that is not performing as they hoped/wanted/expected (often, because they need the structure and systems to make it so), other times because of an accident or a sudden illness. But, no matter what the cause, we need to work together to make the situation tenable.
When all else fails?
I’ve asked a well-respected bankruptcy attorney- my brother, Neil H. Ackerman, Esq- to add a few facts and comments on the bankruptcy issues I discussed yesterday. (You can learn more about his practice here.)