http://mywaybusiness.com/you-dont-need-to-file-for-bankruptcy/1177/ Daily news about everything. Mon, 23 May 2011 19:08:32 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://mywaybusiness.com/you-dont-need-to-file-for-bankruptcy/1177/comment-page-1/#comment-190 Julie Knight Tue, 16 Feb 2010 15:08:53 +0000 http://mywaybusiness.com/?p=1177#comment-190 I love the theory of the article! However, in my personal and professional experience, there are many creditors out there who will not work with consumers. Also, if one has to go with an agency to help get the bills paid or even debt consolidation, what does that person do if they fall into more troubling times and can't even make those payments? Bankruptcy is an option that no one should discount. It is actually easier in many cases to get on the road to credit recovery after a bankruptcy as the creditors know that a person can't file for another 8 years, so there is much less risk for them when it comes to not recovering their funds. I love the theory of the article! However, in my personal and professional experience, there are many creditors out there who will not work with consumers. Also, if one has to go with an agency to help get the bills paid or even debt consolidation, what does that person do if they fall into more troubling times and can’t even make those payments? Bankruptcy is an option that no one should discount. It is actually easier in many cases to get on the road to credit recovery after a bankruptcy as the creditors know that a person can’t file for another 8 years, so there is much less risk for them when it comes to not recovering their funds.

]]> http://mywaybusiness.com/you-dont-need-to-file-for-bankruptcy/1177/comment-page-1/#comment-186 Bill McLeod Mon, 15 Feb 2010 22:35:36 +0000 http://mywaybusiness.com/?p=1177#comment-186 To the extent that this article suggests that is presents "better options", it is misleading. No one should be reading this and ruling out bankruptcy as an option. The only way you can determine whether there are "better options" as this article suggests, is for a consumer to meet with an experienced attorney who can hear all of the facts and assess whether bankruptcy is the best option. To the extent that this article suggests that is presents “better options”, it is misleading. No one should be reading this and ruling out bankruptcy as an option. The only way you can determine whether there are “better options” as this article suggests, is for a consumer to meet with an experienced attorney who can hear all of the facts and assess whether bankruptcy is the best option.

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