Debt Negotiation

Did you know that your time in Chapter 7 is an ideal time to negotiate extremely favorable buy outs or payment terms for secured debts?  Because you have the option to surrender secured collateral that may have lost significant value, secured creditors are usually willing to accept pennies on the dollar.

Last week, my secretary left me a message that read as follows:

Last week, my secretary left me a message that read as follows:

Most people know that Chapter 7 allows you to wipe out unsecured debt – credit card bills, medical debt and other

Most people know that Chapter 7 allows you to wipe out unsecured debt – credit card bills, medical debt and other