About 3 years ago I consolidated a bunch of credit card debts and other loans, and it came out to about 50,000.00. I have been making payments of 1600.00 a month and I think it is supposed to be paid off after 5 years. The problem is that I can`t afford to keep these payments [...]
Archive for December, 2008
posted by Questions @ I have unsecured debt for roughly 70K and student loans(I believe these would survive because I have only been out of school for 2 years) for about 40K.
Can I make proposal to those unsecured creditors? In other words, does the 75K limit for proposals applies calculating ALL debt or only those debts that are cleared [...]
Also, what are their drawbacks?
what happens to pensions in a bankruptcy?
