Filing Bankruptcy is a legal declaration of your inability to pay your debts. It gives you protection under a Federal bankruptcy code that can save some assets, keep creditors at bay, and provide you with professional help (for example: an attorney or a court-appointed trustee) to sort out the situation.
Important Information about Bankruptcy and other options
Before you make that important decision dealing with you financial situation make sure you read over all the facts and understand the steps completely you are about to take. Our program is designed to keep you from going into bankruptcy with flexible payments and dedicated staff that works with you throughout our program. Your debt will be paid off in 15 - 36 months Guaranteed! On average we settle .40 cents on the dollar, so if you had $10,000.00 in debt you would only have to pay 4,000.00 to clear that debt. Bankruptcy can not only be difficult to qualify for but also very damaging to your future credit scores. In most case you might not qualify for a Chapter 7 bankruptcy and as a result it will leave you having to file for a Chapter 13 bankruptcy in which case you will still have to pay some of the debt back to the creditor. On top of having to still pay some of the debt back the bad bankruptcy remarks on your credit report will not start until the debt is paid back. Some individuals have no other choice but to file for a bankruptcy and there are also other individuals whom would fit more comfortably into a debt settlement type of program.
Before making that tuff decision take 30 minutes out of your day and schedule a totally free consultation with one of our experienced debt counselors. The call is Toll Free so all we ask of you is to have your creditor or debt information ready before your scheduled appointment in order for our counselors to make an accurate budgeted analysis of your current situation. You will learn some new information and techniques that can eliminate your debt without having to go through the harmful results of a bankruptcy. Remember bankruptcy is a long lasting financial decision so it is best to know all of your options before making it.
Facts about filing bankruptcy
Although bankruptcy attorneys will tell you that filing bankruptcy is the quickest solution to get out of your outstanding debt, claiming it will only remain on your credit history for 7-10 years, first you should learn some reasons not to do it. The reality is that even after ten years bankruptcy leaves a trail. Every time you fill out a credit application you will be asked if you have filed for bankruptcy which can affect the approval outcome. It may affect your ability to rent or buy a home any time in the future. You will not be excused from certain debts, including Federal Student Loans, IRS debt, and child support. It may also effect the privilege of using credit to purchase necessary items even the ability to make plane and car reservations. Even if the bankruptcy has fallen off your credit report, to answer this question untruthfully is considered a federal offense. Filing Bankruptcy is a permanent decision that should only be considered as an absolute last resort to solving your debt matters.
Questions to ask yourself before Filing Bankruptcy
Filing Bankruptcy - Do I want to give up my credit for a 7-10 year time period? Filing Bankruptcy - Will I ever need to purchase something in the future that would require a credit check? Filing Bankruptcy - Will I ever need to make reservations for a trip or travel? Filing Bankruptcy - Most of all do I want this to be a part of my credit history for the rest of my life?
Before making this important decision, please Contact one of our debt specialist to explain our program. Our program will get you out of debt within a 15-36 month time period while eliminating 40-60% of your Debt.
Learn more >> Use our 30 minute FREE consultation. A valuable asset offered by Debt Settlement America in order to help educate consumers. Simply fill out the application below.
Client Testimonials
DSA helped me get out of debt. Their staff was very wonderful throughout the whole process. I felt as >> Read More
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Settlement estimates of 40 - 60% are examples of past performance of settled accounts. Individual results may vary and are dependant on successful completion of program and ability to save funds.
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Filing Bankruptcy - Do I want to give up my credit for a 7-10 year time period?
